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Sotherly Hotels (Sotherly Hotels) Retained Earnings : $-125.0 Mil (As of Dec. 2023)


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What is Sotherly Hotels Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sotherly Hotels's retained earnings for the quarter that ended in Dec. 2023 was $-125.0 Mil.

Sotherly Hotels's quarterly retained earnings declined from Jun. 2023 ($-118.4 Mil) to Sep. 2023 ($-122.3 Mil) and declined from Sep. 2023 ($-122.3 Mil) to Dec. 2023 ($-125.0 Mil).

Sotherly Hotels's annual retained earnings increased from Dec. 2021 ($-153.5 Mil) to Dec. 2022 ($-121.0 Mil) but then declined from Dec. 2022 ($-121.0 Mil) to Dec. 2023 ($-125.0 Mil).


Sotherly Hotels Retained Earnings Historical Data

The historical data trend for Sotherly Hotels's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sotherly Hotels Retained Earnings Chart

Sotherly Hotels Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -73.99 -127.30 -153.52 -120.99 -125.02

Sotherly Hotels Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -120.99 -119.57 -118.43 -122.34 -125.02

Sotherly Hotels Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Sotherly Hotels  (NAS:SOHO) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Sotherly Hotels (Sotherly Hotels) Business Description

Address
306 South Henry Street, Suite 100, Williamsburg, VA, USA, 23185
Sotherly Hotels Inc is engaged in Hotel operations. The company is a self-managed and self-administered lodging real estate investment trust that was formed to own, acquire, renovate, and reposition full-service, upscale, and upper-upscale hotel properties located in primary markets in the mid-Atlantic and southern United States. It generates revenue through the rooms, food, beverage, and other services. Geographically, the group has its presence in the regions of Florida, Georgia, Indiana, Maryland, North Carolina, Pennsylvania, Texas, and Virginia.
Executives
Andrew Sims director, officer: Chief Executive Officer 410 W. FRANCIS STREET, WILLIAMSBURG VA 23185
Scott M Kucinski officer: EVP & Chief Operating Officer 306 S. HENRY STREET, SUITE 100, WILLIAMSBURG VA 23185
David R Folsom officer: Chief Operating Officer 410 W. FRANCIS STREET, WILLIAMSBURG VA 23185
Maria L Caldwell director 410 W FRANCIS ST, WILLIAMSBURG VA 23185
Gibson George S Iv director 410 W FRANCIS ST, WILLIAMSBURG VA 23185
Anthony E Domalski officer: Chief Accounting Officer 6411 IVY LANE, SUITE 510, GREENBELT MD 20770
Herschel J Walker director 410 W FRANCIS ST, WILLIAMSBURG VA 23185
Kim Sims director 6411 IVY LANE, SUITE 510, GREENBELT MD 20770
Richmond Hill Investment Co., Lp other: Member of Group Owning 10% 381 PARK AVENUE SOUTH, SUITE 1101, NEW YORK NY 10016
Richmond Hill Advisors, Llc other: Member of Group Owning 10% 375 HUDSON STREET, 12TH FLOOR, NEW YORK NY 10014
Essex Illiquid, Llc 10 percent owner, other: Member of Group Owning 10% 375 HUDSON STREET, NEW YORK NY 10014
Richmond Hill Capital Partners, Lp other: Member of Group Owning 10% 375 HUDSON STREET, 12TH FLOOR, NEW YORK NY 10014
Basil Maher 10 percent owner, other: Member of Group Owning 10% C/O ESSEX EQUITY CAPITAL MANAGEMENT, LLC, 70 S. ORANGE AVENUE, SUITE 105, LIVINGSTON NJ 07039
M. Brian Maher 10 percent owner, other: Member of Group Owning 10% C/O ESSEX EQUITY CAPITAL MANAGEMENT, LLC, 70 S. ORANGE AVENUE, SUITE 105, LIVINGSTON NJ 07039
Richmond Hill Investments, Llc 10 percent owner, other: Member of Group Owning 10% 381 PARK AVENUE SOUTH, SUITE 1101, NEW YORK NY 10016