Ashford Hospitality Trust ( (AHT) ) has released its Q1 earnings. Here is a breakdown of the information Ashford Hospitality Trust presented to its investors.
Ashford Hospitality Trust is a real estate investment trust (REIT) that primarily invests in upper upscale, full-service hotels across the United States.
In its first quarter of 2025 earnings report, Ashford Hospitality Trust reported a net loss attributable to common stockholders of $27.8 million, or $4.91 per diluted share, despite a 3.2% increase in Revenue Per Available Room (RevPAR) to $133. The company also highlighted its ongoing strategic initiative, ‘GRO AHT,’ aimed at enhancing EBITDA growth and shareholder value.
Key financial metrics for the quarter included an adjusted EBITDAre of $61.7 million, reflecting a 3.7% growth compared to the previous year, and a comparable hotel EBITDA of $77.2 million, marking an 8.7% increase. Ashford Trust also completed significant transactions such as the sale of the Courtyard Boston Downtown for $123 million and a $580 million refinancing of 16 hotels.
The company has launched the ‘GRO AHT’ initiative, which focuses on reducing general and administrative expenses, maximizing revenue, and improving operational efficiency. Early results are promising, with expectations of delivering more than $30 million annually in incremental EBITDA.
Looking ahead, Ashford Hospitality Trust remains optimistic about its strategic initiatives and the potential for sustained growth in group demand. The company is committed to maximizing portfolio performance and believes its assets are well-positioned for future success.