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Ashford Hospitality
(NYSE:AHT)
Ashford Hospitality (AHT) vs. S&P 500 (SPY)
Ashford Hospitality Business Overview & Revenue Model
Ashford Hospitality Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.22B | 1.37B | 1.24B | 805.41M | 508.24M | 1.50B | Gross Profit |
| 170.63M | 334.04M | 287.63M | 108.39M | -56.15M | 402.34M | EBIT |
| 53.05M | 130.44M | 76.25M | -138.82M | -465.37M | 114.73M | EBITDA |
| 198.04M | 305.61M | 294.17M | 110.00M | -66.53M | 389.54M | Net Income Common Stockholders |
| 34.51M | -178.49M | -141.06M | -271.05M | -633.22M | -142.68M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 341.03M | 178.93M | 417.06M | 592.11M | 92.91M | 277.23M | Total Assets |
| 4.69B | 3.46B | 3.92B | 4.10B | 3.73B | 4.69B | Total Debt |
| 3.93B | 3.46B | 3.90B | 3.93B | 3.77B | 4.16B | Net Debt |
| 3.61B | 3.29B | 3.48B | 3.34B | 3.68B | 3.90B | Total Liabilities |
| 4.15B | 3.69B | 4.05B | 4.08B | 3.99B | 4.35B | Stockholders Equity |
| 452.49M | -261.14M | -150.39M | -2.65M | -283.62M | 268.76M |
| Cash Flow | Free Cash Flow | ||||
| -66.41M | 13.79M | -64.53M | -144.28M | -164.92M | 176.73M | Operating Cash Flow |
| -59.35M | 14.39M | 39.22M | -144.19M | -149.53M | 177.21M | Investing Cash Flow |
| 188.03M | -89.75M | -70.33M | -34.04M | -7.60M | -253.19M | Financing Cash Flow |
| -251.65M | -172.13M | -101.51M | 702.56M | -73.76M | 34.38M |
Ashford Hospitality Technical Analysis
Ashford Hospitality Risk Analysis
Ashford Hospitality Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $3.21B | 15.02 | 6.50% | 7.20% | 6.52% | 14.45% | |
61 Neutral | $4.75B | 18.23 | -3.59% | 10.86% | 6.00% | -21.50% | |
60 Neutral | $1.66B | 43.65 | 2.98% | 1.52% | 5.12% | -49.88% | |
58 Neutral | $1.23B | ― | -0.16% | 0.39% | 2.35% | 57.81% | |
58 Neutral | $1.28B | 30.73 | 2.94% | 5.95% | 3.31% | -15.16% | |
54 Neutral | $1.26B | 80.99 | 1.24% | 3.85% | 1.33% | -10.65% | |
44 Neutral | $41.15M | ― | -25.85% | ― | -14.26% | 84.97% |
Ashford Hospitality Earnings Call Summary
Ashford Hospitality Corporate Events
On March 21, 2025, Ashford Hospitality Trust announced a proposed amendment to its advisory agreement with Ashford Inc., aiming to reduce the base advisory fee as part of its ‘GRO AHT’ initiative. This amendment could lead to significant cost savings, potentially exceeding $3 million in 2025 and more than $11 million annually if the company’s enterprise value remains stable. The proposed changes include eliminating the Net Asset Fee Adjustment and reducing the Base Advisory Fee calculation, which underscores Ashford Inc.’s commitment to improving EBITDA and enhancing shareholder value.
On March 20, 2025, Ashford Hospitality Trust announced that its largest property manager, Remington, has implemented several cost-cutting measures, including headcount reductions and reduced travel expenses, as part of the company’s ‘GRO AHT’ initiative. These efforts are expected to contribute over $11 million in incremental Hotel EBITDA, aligning with Ashford Trust’s strategic vision to optimize performance and create long-term shareholder value, with a goal of achieving $50 million in annual run-rate EBITDA improvement.
On March 12, 2025, Ashford Hospitality Trust announced a reduction in corporate administrative and general expenses as part of its ‘GRO AHT’ initiative, aiming to enhance EBITDA and improve financial performance. The company expects these measures, which include cuts in legal, accounting, and consulting fees, to save over $4 million annually and contribute to more than $18 million in incremental EBITDA, reinforcing its commitment to operational efficiency and shareholder value.
On February 27, 2025, Ashford Hospitality Trust announced significant reductions in board and management compensation as part of its ‘GRO AHT’ initiative, aimed at improving annual run-rate EBITDA by $50 million and enhancing shareholder value. The company’s strategic moves, including a 50% reduction in board compensation and a decrease in executive incentive awards, are expected to generate over $11 million in incremental EBITDA, supporting its commitment to financial discipline and operational efficiency.
In its fourth quarter 2024 earnings call held on February 26, 2025, Ashford Hospitality Trust reported a 3.1% growth in Comparable RevPAR, 4.6% growth in total revenue, and a 6.2% increase in Comparable Hotel EBITDA. The company highlighted its strategic initiatives, including the conversion of hotels to Marriott’s Autograph Collection and Tribute Portfolio, which led to significant revenue growth. Ashford also completed refinancing and asset sales to strengthen its financial position and launched the ‘GRO AHT’ initiative aimed at boosting EBITDA by $50 million through cost reduction, revenue maximization, and operational efficiency. These efforts are expected to enhance shareholder value and improve the company’s market positioning.
On February 26, 2025, Ashford Hospitality Trust announced the successful extension of its mortgage loan for the Hotel Indigo Atlanta Midtown. Originally set to mature in December 2024, the loan now has an initial maturity in February 2026, with an option for a one-year extension until February 2027, maintaining a balance of $12.3 million at a floating interest rate of SOFR + 2.85%. This extension provides Ashford Trust with enhanced financial flexibility and stability in managing its real estate investments, potentially strengthening its market position in the upscale hotel sector.
On February 12, 2025, Ashford Hospitality Trust, Inc. announced it has closed a $580 million refinancing deal secured by 16 hotels. This refinancing replaces previous loans totaling approximately $438.7 million and offers a two-year term with potential extensions and a floating interest rate. The company utilized $72 million of the excess proceeds to pay off existing strategic financing and allocated the remainder for transaction costs and future capital expenditures, thereby addressing pending loan maturities and eliminating corporate-level debt.
On February 12, 2025, Ashford Hospitality Trust announced that it has fully paid off its strategic financing, which dates back to early 2021 and was crucial in aiding the company’s recovery from the COVID-19 pandemic. This financial achievement strengthens the company’s position by eliminating corporate-level debt and aligns with its ‘GRO AHT’ initiative to enhance asset performance and increase shareholder value.
On January 27, 2025, Ashford Hospitality Trust, Inc. announced the tax reporting information for its 2024 preferred share distributions. The release detailed the income tax treatment for various series of preferred stocks, including Series D, F, G, H, I, J, and K. This information is crucial for stockholders as it impacts their taxable income declarations for the year 2024, with specific distributions reportable in either 2024 or 2025 depending on the payment dates.
On January 24, 2025, Ashford Hospitality Trust’s Board of Directors accepted the resignation of Mr. Kamal Jafarnia, following a substantial change in his primary occupation. His departure was not due to any disagreements with the company’s operations or policies. As part of the company’s director retirement program, Mr. Jafarnia will receive a cash payout of $120,000 for his service.
On January 10, 2025, Ashford Hospitality Trust’s subsidiary, HH FP Portfolio LLC, completed the sale of the 315-room Courtyard Boston Downtown for $123 million to 275 Tremont Owner, LLC. This sale is expected to deleverage the company’s BAML Highland Pool loan and lead to significant capital savings, aligning with the positive sentiment in the transaction and financing markets.
Ashford Hospitality Trust has announced dividends for several series of its cumulative preferred stocks for the first quarter of 2025. These dividends indicate stable returns for stockholders and reflect the company’s ongoing commitment to providing value to its investors, potentially strengthening its position in the hospitality investment market.
Ashford Hospitality Trust, Inc. announced that Mr. Alan Tallis has resigned from its Board of Directors, effective December 31, 2024, as part of the company’s strategy to reduce overhead and improve financial performance. Following his resignation, Mr. Tallis will receive a payout for his service and will enter a consulting agreement with the company, highlighting a transition to a leaner board structure while maintaining his advisory role.