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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 | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.17B | 1.37B | 1.24B | 805.41M | 508.24M |
| Gross Profit | ||||
| 234.39M | 334.04M | 287.63M | 108.39M | -56.15M |
| EBIT | ||||
| 259.21M | 130.44M | 76.25M | -138.82M | -465.37M |
| EBITDA | ||||
| 407.71M | 305.61M | 294.17M | 110.00M | -66.53M |
| Net Income Common Stockholders | ||||
| -60.30M | -178.49M | -141.06M | -271.05M | -633.22M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 112.91M | 178.93M | 417.06M | 592.11M | 92.91M |
| Total Assets | ||||
| 3.16B | 3.46B | 3.92B | 4.10B | 3.73B |
| Total Debt | ||||
| 2.69B | 3.46B | 3.90B | 3.93B | 3.77B |
| Net Debt | ||||
| 2.58B | 3.29B | 3.48B | 3.34B | 3.68B |
| Total Liabilities | ||||
| 3.37B | 3.69B | 4.05B | 4.08B | 3.99B |
| Stockholders Equity | ||||
| -419.24M | -261.14M | -150.39M | -2.65M | -283.62M |
| Cash Flow | Free Cash Flow | |||
| -23.59M | 13.79M | -64.53M | -144.28M | -164.92M |
| Operating Cash Flow | ||||
| -23.59M | 14.39M | 39.22M | -144.19M | -149.53M |
| Investing Cash Flow | ||||
| 191.28M | -89.75M | -70.33M | -34.04M | -7.60M |
| Financing Cash Flow | ||||
| -258.75M | -172.13M | -101.51M | 702.56M | -73.76M |
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 |
|---|---|---|---|---|---|---|---|
64 Neutral | $344.35M | ― | 1.42% | 4.23% | 1.75% | ― | |
64 Neutral | $130.07M | ― | -0.90% | 10.42% | -2.42% | 23.64% | |
62 Neutral | $29.48M | ― | 2.79% | ― | 4.63% | -61.60% | |
60 Neutral | $2.80B | 11.09 | 0.20% | 8508.36% | 6.13% | -16.84% | |
56 Neutral | $344.94M | ― | -33.91% | 11.62% | 0.78% | -128.16% | |
44 Neutral | $30.45M | ― | -25.66% | 0.78% | 4.55% | -291.14% | |
41 Neutral | $34.54M | ― | -25.85% | ― | -14.65% | -33.35% |
Ashford Hospitality Earnings Call Summary
Ashford Hospitality Corporate Events
On May 7, 2025, Ashford Hospitality Trust held an earnings conference call to discuss its first-quarter results, highlighting a 3.2% growth in Comparable RevPAR and an 8.7% increase in Comparable Hotel EBITDA. The company emphasized the success of its GRO AHT initiative, which aims to drive $50 million in run-rate EBITDA improvement through property-level performance and corporate expense reductions. Recent strategic moves, including hotel conversions and refinancing, have improved Ashford’s capital structure, while the closure of a non-traded preferred stock offering raised $212 million. Despite a net loss of $27.8 million for the quarter, the company remains focused on further enhancing hotel performance and reducing corporate expenses.
Spark’s Take on AHT Stock
According to Spark, TipRanks’ AI Analyst, AHT is a Neutral.
Ashford Hospitality’s stock score is low due to severe financial instability, bearish technical indicators, and unattractive valuation metrics. While strategic initiatives and operational improvements are promising, they are insufficient to counteract the significant financial and technical challenges, making the stock a risky investment.
To see Spark’s full report on AHT stock, click here.
Ashford Hospitality Trust reported its first quarter 2025 results, highlighting a 3.2% increase in RevPAR and an 8.7% growth in Comparable Hotel EBITDA compared to the previous year. The company completed significant financial maneuvers, including a $580 million refinancing of 16 hotels and the sale of the Courtyard Boston Downtown for $123 million, as part of its ‘GRO AHT’ initiative aimed at driving EBITDA growth and improving shareholder value.
Spark’s Take on AHT Stock
According to Spark, TipRanks’ AI Analyst, AHT is a Neutral.
Ashford Hospitality Trust’s overall stock score reflects significant financial challenges, including persistent losses and negative equity. While strategic initiatives and corporate actions are positive, they are insufficient to overcome the financial instability and technical bearish trends. The company’s unattractive valuation further compounds its difficulties, making it a risky investment.
To see Spark’s full report on AHT stock, click here.
On April 14, 2025, Ashford Hospitality Trust announced the successful extension of its Morgan Stanley Pool mortgage loan, which is secured by 17 hotels. The loan, originally set to mature in November 2024, now has an initial maturity in March 2026 with two additional one-year extension options, potentially extending to March 2028. This extension, with a current balance of $409.8 million and an interest rate of SOFR + 3.39%, provides the company with increased flexibility to release assets upon sale. This strategic move, alongside the refinancing of 16 hotels completed in February, positions approximately 60% of Ashford’s outstanding debt to mature in 2027 and beyond, enhancing the company’s ability to strategically manage its portfolio.
Spark’s Take on AHT Stock
According to Spark, TipRanks’ AI Analyst, AHT is a Neutral.
Ashford Hospitality’s overall stock score is heavily impacted by its significant financial challenges, including persistent losses and negative equity. While there are positive strategic initiatives and recent corporate actions, the technical bearish trends and unattractive valuation further compound the company’s difficulties, making it a risky investment.
To see Spark’s full report on AHT stock, click here.
On April 10, 2025, Ashford Hospitality Trust announced that its Board of Directors declared dividends for various series of its preferred stock for the second quarter ending June 30, 2025. These dividends, which vary by series, are scheduled for payment on July 15, 2025, to stockholders of record as of June 30, 2025. Additionally, monthly cash dividends were declared for the Company’s Series J and Series K Redeemable Preferred Stock, with payments scheduled for May, June, and July 2025. This announcement reflects Ashford’s ongoing commitment to providing returns to its shareholders and may influence investor sentiment and the company’s market positioning.
Spark’s Take on AHT Stock
According to Spark, TipRanks’ AI Analyst, AHT is a Neutral.
Ashford Hospitality Trust’s overall stock score reflects significant financial challenges, including persistent losses and negative equity, which weigh heavily on the company’s outlook. Although strategic initiatives and recent corporate events are positive, they are not sufficient to offset the financial instability and technical bearish trends. The company’s valuation metrics further compound the challenges, making it a risky investment in its current state.
To see Spark’s full report on AHT stock, click here.
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.