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Ashford Hospitality Trust (AHT)
NYSE:AHT
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-8.79Last Year’s EPS
-4.91Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Q4 2025
Earnings Call Date:Feb 26, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call presents a mix of encouraging operating momentum and portfolio-level execution (EBITDA growth, RevPAR gains, outperformance from conversions, margin expansion, accretive asset sale and debt paydown) alongside material balance-sheet and cash-flow challenges (large reported net loss, negative AFFO, high leverage and sizable floating-rate exposure). Management highlighted meaningful progress on GrowAHT initiatives and refinancing actions that are improving liquidity and outlook, but near-term refinancing and cash-flow risks remain. Overall the positives in operating performance and asset-level value-creation are balanced by significant financial headwinds and negative AFFO, yielding a cautious/neutral stance.Company Guidance
Comparable Hotel EBITDA Growth
Comparable hotel EBITDA grew 6.2% (management stated), with December showing a particularly strong 12% increase in hotel EBITDA versus prior-year, reflecting traction from GrowAHT initiatives and revenue management.
RevPAR and Revenue Strength
Comparable hotel RevPAR increased 3% year-over-year in Q4; total revenue growth meaningfully exceeded RevPAR growth due to ancillary revenue initiatives.
Group Revenue Momentum and Booking Pace
Q4 group room revenue rose 5% year-over-year; 2025 group room revenue pace is currently pacing ~5% ahead of prior-year, and the company added over $13.0 million in additional group room revenue during Q4 for 2025 (≈6% increase vs. prior-year quarter).
Successful Asset Conversions and Outperformance
Conversions include Crowne Plaza La Concha → Autograph after a $35.0M investment and La Pavion → Tribute following a $19.0M investment; La Pavion outperformed underwriting (north of 40% outperformance in January) and recorded RevPAR > $900 during Super Bowl nights.
Strong Individual Property Performance
Embassy Suites Crystal City delivered a 22% increase (Q4) driven by GrowAHT initiatives; Le Méridien Fort Worth Downtown achieved total revenue growth 21% ahead of budget shortly after opening.
Margin Expansion and Cost Savings
Gross operating margins expanded ~141 basis points in Q4 year-over-year; Renaissance Nashville gross operating profit increased 10% on 3% total hotel revenue growth; procurement/supply chain initiatives yielded >$130,000 in food cost savings for the full year.
Portfolio Size and Liquidity
As of 12/31/2024 the consolidated portfolio consisted of 73 hotels (17,644 rooms); cash and cash equivalents were $112.9M with restricted cash of $107.6M and net working capital of approximately $122.0M.
Asset Sale with Attractive Metrics
Post-quarter sale of the 115-room Courtyard Boston Downtown for $123.0M ($1,070,000 per key) with a trailing NOI cap rate of ~5.9% (TTM ended 09/30/2024) and ~12.3x hotel EBITDA on the same period.
Balance Sheet Actions and Refinancing Progress
Completed multiple refinancings (including a $580.0M refinancing post-quarter), secured a new $121.5M nonrecourse loan, used ~$72.0M of excess proceeds to pay off remaining strategic financing, and raised ~$195.0M gross from Series J & K non-traded preferred offerings since 2022.
Capex Plan to Support Performance
2025 capital expenditure program expected to be $95.0M–$115.0M to execute PIPs, brand renewals and property upgrades aimed at driving long-term RevPAR and EBITDA gains.
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
AHT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $3.00 | $2.99 | -0.33% |
Nov 04, 2025 | $4.40 | $4.56 | +3.64% |
Jul 31, 2025 | $6.36 | $6.28 | -1.26% |
May 06, 2025 | $5.98 | $6.01 | +0.50% |
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.
FAQ
When does Ashford Hospitality Trust (AHT) report earnings?
Ashford Hospitality Trust (AHT) is schdueled to report earning on May 05, 2026, After Close (Confirmed).
What is Ashford Hospitality Trust (AHT) earnings time?
Ashford Hospitality Trust (AHT) earnings time is at May 05, 2026, After Close (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 2026 (Q1) is -8.79.