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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q1 2023

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Earnings data Q3 2023

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Earnings data Q1 2024

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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 , Aug. 1, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced the sale of 79 owned units as well as the public space at the WorldQuest Resort in Orlando, Florida for $14.8 million ($187,000 per owned unit). The property was unencumbered by debt, and the net proceeds from the sale will be used to pay down the Company's corporate financing.

ASHFORD HOSPITALITY TRUST ANNOUNCES SALE OF WORLDQUEST RESORT ORLANDO FOR $14.8 MILLION

DALLAS , July 19, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") reported today that the Company expects to report Occupancy of approximately 75% for the second quarter of 2023 with Average Daily Rate of approximately $191 resulting in RevPAR of approximately $144.  This Comparable RevPAR reflects an approximate increase of 7% compared to the second quarter of 2022.

ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY SECOND QUARTER 2023 RESULTS

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U.S. equity markets advanced to their highest levels of the year on an "inflation week" rally after the closely-watched CPI and PPI reports showed a continued sharp cooldown in price pressures. Closing at the highest levels since April 2022, the S&P 500 advanced 2.4% this week, while the other major equity benchmarks - the Mid-Cap 400 and Small-Cap 600 - gained 3%. Real estate equities- the sector with perhaps the most potential upside from a "soft landing" scenario- were among the leaders for a third straight week. The Equity REIT Index gained 2.9%.

Stick The Soft Landing

DALLAS , July 11, 2023 /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 third quarter ending September 30, 2023. The dividend, which equates to an annual rate of $2.1125 per share, is payable on October 16, 2023 to stockholders of record as of September 29, 2023.

ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE THIRD QUARTER OF 2023

Company Makes Strategic Decision to Reduce Leverage and Conserve Cash DALLAS , July 7, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today provided an update on the extensions for its KEYS loan pools, which had an initial maturity date in June 2023. Each of the KEYS loan pools had an extension test that required the hotels secured by each loan to achieve a certain debt yield in order to qualify for the one-year extension.

ASHFORD TRUST PROVIDES UPDATE ON MORTGAGE EXTENSIONS

Ashford common shares have recently scraped all-time lows. The preferred shares now yield over 12%. The bull argument can be summed up in four words, i.e. "mainly property level debt".

Ashford Hospitality's 12% Preferreds: You Can Check Out Any Time You Like

The company's portfolio comprises 100 hotels across 26 states, with Marriott, Hilton, and Hyatt brands contributing to approximately 90% of the FY 2022 EBITDA. The company has a substantial debt burden of approximately $3.8 billion, with $590 million due by the end of 2024 and an additional $2.6 billion due in 2025. The company's current cash on hand is barely sufficient to cover 1 year of interest payments, raising concerns about its financial stability and sustainability.

Ashford Hospitality Trust: Substantial Debt, No Dividends

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The REIT sector declined for the 4th consecutive month with a -2.50% total return in May. Small cap REITs (-1.02%) outperformed in May by averaging the most modest negative total returns. Large caps (-4.64%) underperformed their smaller REIT peers. Only 30.38% of REIT securities had a positive total return in May with only 36.65% in the black year to date.

The State Of REITs: June 2023 Edition

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The sector got pounded hard today. The biggest decliners fell over 10%.

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Despite lingering recession concerns, hotel REITs are pacing for a second-straight year of outperformance after punishing early-pandemic declines, buoyed by steady post-pandemic operating improvement and the long-awaited return of dividends. The final pandemic-era travel restrictions were lifted last week with the ending of the vaccine mandate for foreign arrivals. International travel demand should provide a healthy tailwind over the coming quarters.

Hotel REITs: Pandemic Is Officially Over

DALLAS , May 22, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has successfully refinanced its mortgage loans for the 157-room La Posada de Santa Fe in Santa Fe, New Mexico, which had a final maturity date in November 2023, and the 252-room Hilton Alexandria in Alexandria, Virginia, which had a final maturity date in June 2023.  These two loans were the Company's only final debt maturities in 2023.

ASHFORD TRUST COMPLETES REFINANCING OF MORTGAGE LOANS FOR THE LA POSADA DE SANTA FE AND HILTON ALEXANDRIA HOTELS

Ashford Hospitality Trust, Inc. (NYSE:AHT ) Q1 2023 Earnings Conference Call May 2, 2023 11:00 AM ET Company Participants Jordan Jennings - Director, Investor Relations Rob Hays - President & Chief Executive Officer Deric Eubanks - Chief Financial Officer Chris Nixon - Executive Vice President & Head of Asset Management Conference Call Participants Michael Bellisario - Robert W. Baird Chris Woronka - Deutsche Bank Bryan Maher - B.

Ashford Hospitality Trust, Inc. (AHT) Q1 2023 Earnings Call Transcript

Ashford Hospitality: After 2 Reverse Stock Splits, Consider The 11.4% Yield Preferreds.

Ashford Hospitality: After 2 Reverse Stock Splits, Consider The 11.4% Yield Preferreds

Invesco S&P 500 Equal Weight Real Estate ETF

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Pacer Benchmark Industrial Real Estate SCTR ETF

Janus Henderson U.S. Real Estate ETF

NETLease Corporate Real Estate ETF

Nuveen Short-Term REIT ETF

PotlatchDeltic

Strategic Residential & Apartment Real Estate ETF

iShares Residential Real Estate ETF

Hoya Capital High Dividend Yield ETF

ETFB Green SRI REITs ETF

IQ US Real Estate Small Cap ETF

SPDR Dow Jones REIT ETF

iStar Inc

Schwab U.S. REIT ETF

SL Green Realty

Global X SuperDividend REIT ETF

Pacer Funds Trust-Pacer Benchmark Data & Infrastructure Real Estate Sector ETF

iShares Core U.S. REIT ETF

Virtus Real Asset Income ETF

WisdomTree New Economy Real Es

Real Estate Select Sector SPDR Fund

The REIT sector fell again in March with a -6.11% total return. Large cap (-1.99%) and mid cap (-4.56%) REITs saw modestly negative total returns in March, while small caps (-6.76%) and micro caps (-15.50%) were deeper in the red.

The State Of REITs: April 2023 Edition

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U.S. equity markets finished broadly higher this past week after a critical slate of inflation data provided further evidence of a definitive cool-down in inflationary pressures. After narrowly snapping a three-week winning streak in the prior week, the S&P 500 advanced 0.8% this week, while the Mid-Cap 400 and Small-Cap 600 posted gains of over 1%.

Inflation's Last Stand

Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") reported today that the Company expects to report Occupancy of approximately 68% for the first quarter of 2023 with Average Daily Rate of approximately $184 resulting in RevPAR of approximately $125. This Comparable RevPAR reflects an approximate increase of 30% compared to the first quarter of 2022.

ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FIRST QUARTER 2023 RESULTS

DALLAS , April 5, 2023 /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, 2023. The dividend, which equates to an annual rate of $2.1125 per share, is payable on July 17, 2023 to stockholders of record as of June 30, 2023.

ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE SECOND QUARTER OF 2023

News for Ashford Hospitality Trust Stock (AHT)