Ashford Hospitality Trust

Ashford Hospitality Trust, Inc. is a real estate investment trust, which invests in the hospitality industry. The firm’s investments include direct hotel, mezzanine financing through origination or acquisition, first mortgage financing through origination or acquisition, sale-leaseback transactions and other hospitality transactions. The company was founded by Montgomery Jack Bennett in May 2003 and is headquartered in Dallas, TX.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Ashford Hospitality Trust reports Q4 growth amidst refinancing challenges

Ashford Hospitality Trust's Q4 2022 earnings call highlighted strong operational performance, liquidity, and debt management. Despite challenges in quantifying financial amounts and margin sustainability, the company is exploring opportunities through asset sales and revenue optimization.

Ashford Hospitality Trust reports robust Q1 performance and growth strategies

Ashford Hospitality Trust's Q1 performance reflects strong revenue growth and operational improvements.
While facing challenges in managing costs and market uncertainties, the company is well-positioned for future growth.
Opportunities for strategic capital deployment and asset optimization provide avenues for continued success and financial stability.

Ashford Hospitality Trust reports resilient Q2 performance amid strategic challenges

Ashford Hospitality Trust showcased strong operational performance amidst financial challenges in Q2 2023.
Management's focus on optimizing the portfolio and capital structure reflects a proactive approach to long-term sustainability.
Navigating complexities in asset sales and debt management requires strategic planning and careful execution.
Despite uncertainties, the company remains resilient and adaptable to capitalize on opportunities for growth.

Ashford Hospitality Trust (AHT) reports strong Q3 performance and strategic initiatives

Ashford Hospitality Trust (AHT) delivered a solid performance in Q3 2023, marked by RevPAR growth and strategic asset management initiatives. While facing challenges such as net losses and operational hurdles, the company is leveraging opportunities in capital optimization and labor market improvements. AHT's focus on liquidity, debt management, and asset sales underscores a proactive approach to financial sustainability.

Ashford Hospitality Trust aims to pay off debt for dividend reinstatement

Ashford Hospitality Trust's Q4 performance showed RevPAR growth and strong revenue growth in January 2024.
The company's focus on paying off strategic financing through various initiatives reflects a commitment to financial stability.
Despite challenges like net losses, Ashford Hospitality Trust sees opportunities in asset sales and debt refinancings for future growth.

Ashford Hospitality Trust (AHT) reports Q3 progress amidst financial challenges

Ashford Hospitality Trust (AHT) navigated Q3 2024 with a focus on strategic financing, strong top-line growth, and operational enhancements.
While facing financial challenges and the absence of a common dividend, the company is proactively addressing opportunities for growth and stability.
With a diverse portfolio and clear strategic priorities, Ashford Hospitality Trust (AHT) aims to position itself for long-term success in a dynamic market landscape.
The company's performance, strengths, challenges, and opportunities collectively shape its trajectory towards sustainable growth and value creation.

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DALLAS , June 17, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced details for the release of its results for the second quarter ended June 30, 2024. Ashford Trust plans to issue its earnings release for the second quarter after the market closes on Tuesday, July 30, 2024, and will host a conference call on Wednesday, July 31, 2024, at 11:00 a.m.

ASHFORD TRUST SETS SECOND QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES

DALLAS, June 13, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the sale of the 90-room SpringHill Suites and the 86-room Fairfield Inn located in Kennesaw, Georgia for $17.5 million.  The sale price represented a 4.8% capitalization rate on trailing 12-month net operating income through April 2024.

ASHFORD HOSPITALITY TRUST ANNOUNCES SALE OF ADDITIONAL SELECT-SERVICE HOTELS

DALLAS , June 10, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that Dave Johnson, a seasoned hospitality and real estate executive, has joined the Board of Directors as a new independent director as of the Company's recently held annual shareholder meeting.  Mr. Johnson was also appointed to serve on the Board's Audit Committee as well as the Compensation Committee.

ASHFORD HOSPITALITY TRUST ADDS HOTEL INDUSTRY VETERAN DAVE JOHNSON TO BOARD OF DIRECTORS

DALLAS , June 3, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the sale of the 90-room Courtyard located in Manchester, Connecticut for $8.0 million. The property was encumbered with a mortgage loan that had an outstanding balance of approximately $5.6 million.

ASHFORD HOSPITALITY TRUST ANNOUNCES ADDITIONAL ASSET SALES

DALLAS , May 14, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") is pleased to report estimated preliminary results of its 2024 Annual Meeting of Stockholders and noted that Blackwells Capital LLC's ("Blackwells") attempted withhold proxy campaign had no meaningful impact on its outcome. Based on estimated preliminary results, only 7% of outstanding shares voted on the Blackwells proxy card.

ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY RESULTS OF ITS 2024 ANNUAL MEETING OF STOCKHOLDERS 'ACTIVIST' BLACKWELLS EFFORTS THWARTED

DALLAS, May 9, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the refinancing of the mortgage loan for the 673-room Renaissance Hotel in Nashville, Tennessee, which had a final maturity date in March 2026.  The new, non-recourse loan totals $267.2 million, and has a two-year initial term with three one-year extension options, subject to the satisfaction of certain conditions.

ASHFORD HOSPITALITY TRUST COMPLETES REFINANCING OF MORTGAGE LOAN FOR THE RENAISSANCE NASHVILLE

Ashford Hospitality Trust, Inc. (NYSE:AHT ) Q1 2024 Earnings Conference Call May 8, 2024 11:00 AM ET Company Participants Jordan Jennings - Vice President-Investor Relations Rob Hays - President and Chief Executive Officer Deric Eubanks - Chief Financial Officer Chris Nixon - Executive Vice President and Head-Asset Management Conference Call Participants Jonathan Jenkins - Oppenheimer & Company Operator Thank you for standing by. My name is Greg, and I will be your conference operator today.

Ashford Hospitality Trust, Inc. (AHT) Q1 2024 Earnings Call Transcript

DALLAS , April 30, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced its preliminary expectations for net income attributable to common stockholders, Adjusted EBITDAre, and Adjusted FFO for the first quarter ended March 31, 2024. The Company reported today a preliminary estimated range of net income attributable to common stockholders of approximately $66.4 million to $68.4 million or $0.59 to $0.61 per share, a preliminary estimated range of Adjusted EBITDAre of $58.5 million to $60.5 million, and a preliminary estimated range of Adjusted FFO available to common stockholders and OP unitholders of $(14.7) million to $(12.7) million for the first quarter ended March 31, 2024.

ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FIRST QUARTER RESULTS FOR 2024

DALLAS , April 29, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the sale of the 85-room Hampton Inn in Lawrenceville, Georgia for $8.1 million ($95,300 per key).  The sale price represented a 6.0% capitalization rate on trailing 12-month net operating income through March 2024.

ASHFORD HOSPITALITY TRUST PROVIDES UPDATE ON ASSET SALES AND DELEVERAGING PLAN

DALLAS , April 10, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the sale of the 390-room Hilton Boston Back Bay in Boston, Massachusetts for $171 million ($438,000 per key).  All of the proceeds from the sale were used for debt reduction including approximately $68 million to pay down the Company's strategic financing.

ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN PLAN TO PAY OFF STRATEGIC FINANCING WITH CLOSING OF SALE OF THE HILTON BOSTON BACK BAY

DALLAS , April 10, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that its Board of Directors (the "Board") declared a dividend of $0.5281 per diluted share for the Company's 8.45% Series D Cumulative Preferred Stock for the second quarter ending June 30, 2024. The dividend is payable on July 15, 2024, to stockholders of record as of June 28, 2024.

ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE SECOND QUARTER OF 2024

DALLAS , April 8, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") reported today that the Company expects to report Occupancy of approximately 67% for the first quarter of 2024 with Average Daily Rate of approximately $191 resulting in RevPAR of approximately $128. This Comparable RevPAR reflects an approximate decrease of 1% compared to the first quarter of 2023.

ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FIRST QUARTER 2024 RESULTS

DALLAS, March 26, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced details for the release of its results for the first quarter ended March 31, 2024. Ashford Trust plans to issue its earnings release for the first quarter after the market closes on Tuesday, May 7, 2024, and will host a conference call on Wednesday, May 8, 2024, at 11:00 a.m.

ASHFORD TRUST SETS FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES

DALLAS , March 11, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the sale of the 144-room Residence Inn located in Salt Lake City, Utah (the "Hotel") for $19.2 million.  When adjusted for the Company's anticipated capital expenditures, the sale price represented a 4.6% capitalization rate on 2023 net operating income, or 18.2x 2023 Hotel EBITDA.

ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN DELEVERAGING PLAN WITH SALE OF THE RESIDENCE INN SALT LAKE CITY

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Ashford Hospitality Trust, Inc. (AHT) Q4 2023 Earnings Call Transcript

DALLAS , Feb. 29, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has signed a definitive agreement to sell the 390-room Hilton Boston Back Bay (the "Hotel") in Boston, Massachusetts for $171 million ($438,000 per key).  The sale is expected to be completed in March, and is subject to normal closing conditions.

ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN PLAN TO PAY OFF STRATEGIC FINANCING WITH AGREEMENT TO SELL THE HILTON BOSTON BACK BAY

The headline numbers for Ashford Hospitality Trust (AHT) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Ashford Hospitality Trust (AHT) Reports Q4 Earnings: What Key Metrics Have to Say

Get a deeper insight into the potential performance of Ashford Hospitality Trust (AHT) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Exploring Analyst Estimates for Ashford Hospitality Trust (AHT) Q4 Earnings, Beyond Revenue and EPS

DALLAS , Feb. 26, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today provided an update on its previously announced plan to pay off its strategic financing which has a final maturity date in January 2026. This plan includes raising capital through a combination of asset sales, mortgage debt refinancings, and its non-traded preferred capital offering.

ASHFORD HOSPITALITY TRUST PROVIDES UPDATE ON PLAN TO PAY OFF STRATEGIC FINANCING

DALLAS , Feb. 16, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has signed a definitive agreement to sell the 144-room Residence Inn located in Salt Lake City, Utah (the "Hotel") for $19.2 million. The sale is expected to be completed in early March and is subject to normal closing conditions.

ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN DELEVERAGING PLAN WITH AGREEMENT TO SELL THE RESIDENCE INN SALT LAKE CITY

January Comparable RevPAR Increased 1.5% Over the Prior Year   DALLAS , Feb. 15, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced its preliminary expectations for net loss attributable to common stockholders, Adjusted EBITDAre, and Adjusted FFO for the fourth quarter and full year ended December 31, 2023.  The Company reported today a preliminary estimated range of net loss attributable to common stockholders of approximately $(32.3) million to $(30.3) million or $(0.93) to $(0.87) per share, a preliminary estimated range of Adjusted EBITDAre of $61.6 million to $63.6 million, and a preliminary estimated range of Adjusted FFO available to common stockholders and OP unitholders of $(14.2) million to $(12.2) million for the fourth quarter ended December 31, 2023.

ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FOURTH QUARTER AND YEAR END RESULTS FOR 2023

DALLAS , Jan. 25, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced the tax reporting (Federal Form 1099-DIV) information for the 2023 distributions on its Series D, F, G, H, I, J and K preferred shares.  The amounts below represent the income tax treatment applicable to each distribution that is reportable in 2023.

ASHFORD HOSPITALITY TRUST ANNOUNCES TAX REPORTING INFORMATION FOR 2023 PREFERRED SHARE DISTRIBUTIONS

DALLAS , Jan. 9, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") reported today that the Company expects to report Occupancy of approximately 66% for the fourth quarter of 2023 with Average Daily Rate of approximately $182 resulting in RevPAR of approximately $120.  This Comparable RevPAR reflects an approximate increase of 1% compared to the fourth quarter of 2022.

ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FOURTH QUARTER 2023 RESULTS

DALLAS , Jan. 8, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that its Board of Directors (the "Board") declared a dividend of $0.5281 per diluted share for the Company's 8.45% Series D Cumulative Preferred Stock for the first quarter ending March 31, 2024. The dividend, which equates to an annual rate of $2.1125 per share, is payable on April 15, 2024, to stockholders of record as of March 28, 2024.

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