Ashford Hospitality Trust : TRUST REPORTS FIRST QUARTER 2026 RESULTS

About this update from Ashford Hospitality Trust Inc

NEWS RELEASE Contact: Justin Coe Chief Accounting Officer Allison Beach Media Contact Joe Calabrese Financial Relations Board (972) 490-9600 (972) 490-9600 (212) 827-3772 ASHFORD TRUST REPORTS FIRST QUARTER 2026 RESULTS DALLAS - May 11, 2026 - Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today reported financial results and performance measures for the first quarter ended March 31, 2026. The comparable performance measurements for Occupancy, Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and Hotel EBITDA assume each of the hotel properties in the Company's hotel portfolio as of March 31, 2026 was owned as of the beginning of each of the periods presented. Unless otherwise stated, all reported results compare the first quarter ended March 31, 2026 with the first quarter ended March 31, 2025 (see discussion below). The reconciliation of non-GAAP financial measures is included in the financial tables accompanying this press release. FIRST QUARTER 2026 FINANCIAL HIGHLIGHTS Comparable RevPAR for all hotels increased 3.3% to $135.63 during the quarter on a 2.1% increase in Comparable ADR and a 1.2% increase in Comparable Occupancy. Net loss attributable to common stockholders was $(71.1) million or $(11.03) per diluted share for the quarter. Adjusted EBITDAre was $51.7 million for the quarter. Adjusted funds from operations (AFFO) per diluted share was breakeven for the quarter. Comparable Hotel EBITDA was $73.2 million for the quarter, reflecting growth of 5.2% over the prior year quarter. The Company ended the quarter with cash and cash equivalents of $79.8 million and restricted cash of $141.2 million. The vast majority of the restricted cash is comprised of lender and manager held reserves. At the end of the quarter, there was also $24.5 million in due from third-party hotel managers, which is primarily the Company's cash held by one of its property managers and is also available to fund hotel operating costs. Net working capital at the end of the quarter was $73.7 million. CapEx invested during the quarter was $17.0 million. RECENT OPERATING HIGHLIGHTS During the quarter, the Company extended its Highland mortgage loan secured by 18 hotels and paid the loan down by $10 million. During the quarter, the Company successfully closed on five hotel sales for combined gross proceeds of $238.5 million or $229,000 p...

View stock analysis, news, and events for Ashford Hospitality Trust Inc