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Ashford Hospitality Trust (AHT)
NYSE:AHT
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$11.64Last Year’s EPS
-$9Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 23.68%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment with significant progress in strategic financing and operational improvements, offset by financial losses and challenges in revenue growth due to softening leisure demand.Company Guidance
In the Ashford Hospitality Trust's Q3 2024 earnings call, the company provided several key metrics and updates on their strategic financing efforts. They announced the sale of over $310 million in hotels and refinancing of their Renaissance Nashville property, generating significant proceeds. Additionally, they raised approximately $173 million from non-traded preferred stock sales, reducing their strategic financing debt by more than $100 million to $82 million. Operational updates included a RevPAR growth of 4.6% in October and anticipated RevPAR premiums post-conversion for their La Concha and Le Pavillon hotels. Financially, Ashford reported a net loss of $63.2 million for the quarter, with adjusted EBITDAre at $52.4 million, and ended Q3 with $2.7 billion in loans at a blended 8% interest rate. The company aims to complete its strategic financing repayment by year-end, promising potential cost savings and corporate improvements ahead.Progress in Strategic Financing Payoff
Ashford Hospitality Trust has made significant progress in executing its plan to pay off strategic financing, reducing it by more than $100 million since the beginning of the year to approximately $82 million.
Successful Hotel Conversions and New Additions
The company is on track to convert La Concha Hotel in Key West to Marriott's Autograph Collection and Le Pavillon Hotel in New Orleans to Marriott's Tribute Portfolio, expecting a significant RevPAR premium post-conversion. Additionally, the newly opened Le Meridian Fort Worth Downtown is performing well ahead of expectations.
Improvement in Corporate Transient Revenue
Corporate transient revenue is up 9% year-to-date compared to the prior year period, with significant improvements in group room revenue for major events.
Successful Property Tax Appeals
The company successfully appealed property tax assessments, reducing total real estate assessments by over $100 million, resulting in estimated tax payment savings of $1.7 million.
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AHT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AHT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $6.25 | $5.92 | -5.28% |
| Jul 30, 2024 | $9.59 | $10.40 | +8.45% |
| May 07, 2024 | $12.30 | $12.00 | -2.44% |
| Feb 28, 2024 | $17.80 | $19.30 | +8.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ashford Hospitality Trust (AHT) report earnings?
Ashford Hospitality Trust (AHT) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Ashford Hospitality Trust (AHT) earnings time?
Ashford Hospitality Trust (AHT) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AHT EPS forecast?
AHT EPS forecast for the fiscal quarter 2024 (Q4) is -$11.64.
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