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Sotherly Hotels reports 3Q results

WILLIAMSBURG, Va. (AP) _ Sotherly Hotels Inc. (SOHO) on Tuesday reported a key measure of profitability in its third quarter.

The Williamsburg, Virginia-based real estate investment trust said it had funds from operations of $1.7 million, or 11 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $1.6 million, or 11 cents per share.

The real estate investment trust posted revenue of $36.8 million in the period.

Sotherly Hotels expects full-year funds from operations in the range of 90 cents to 94 cents per share, with revenue in the range of $152.3 million to $153 million.

The company's shares have fallen nearly 4 percent since the beginning of the year. The stock has increased 36 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SOHO at https://www.zacks.com/ap/SOHO