Core Insights - Ashford Hospitality Trust (AHT) reported a quarterly loss of $2.85 per share, significantly worse than the Zacks Consensus Estimate of a loss of $1.14, and compared to a loss of $1.71 per share a year ago [1] - The company posted revenues of $266.06 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 2.83% and down from $276.6 million year-over-year [2] - The stock has underperformed, losing about 35.1% since the beginning of the year, while the S&P 500 gained 16.5% [3] Financial Performance - The quarterly report represents an FFO surprise of -150.00%, with the actual FFO being $0.78 per share compared to an expected $1.83 per share, resulting in a surprise of -57.38% [1][2] - The current consensus FFO estimate for the upcoming quarter is -$3.54 on revenues of $267.9 million, and -$3.83 on revenues of $1.12 billion for the current fiscal year [7] Market Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future FFO expectations [3][4] - The Zacks Industry Rank indicates that the REIT and Equity Trust - Other sector is currently in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] Estimate Revisions - The estimate revisions trend for Ashford Hospitality Trust was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] - Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions, which can be tracked by investors [5]

Financial Performance - Comparable RevPAR for all hotels decreased 1.5% to $128 during the quarter, driven by a 2.2% decrease in Comparable ADR and a 0.7% increase in Comparable Occupancy[5]. - Net loss attributable to common stockholders was $(69.0) million or $(11.35) per diluted share for the quarter[5]. - Adjusted EBITDAre was $45.4 million for the quarter, while Comparable Hotel EBITDA was $68.9 million, reflecting a growth rate of 2.0% over the prior year quarter[5]. - Total hotel revenue for the three months ended September 30, 2025, was $265.676 million, a decrease of 4.9% compared to $276.018 million for the same period in 2024[25]. - Net income attributable to common stockholders for the three months ended September 30, 2025, was a loss of $69.001 million, compared to a loss of $63.151 million in the same period of 2024[25]. - Operating income for the nine months ended September 30, 2025, was $123.047 million, down from $308.167 million for the same period in 2024[25]. - Net income for the three months ended September 30, 2025, was a loss of $62.725 million, compared to a loss of $59.128 million for the same period in 2024[27]. - EBITDA for the three months ended September 30, 2025, was $44.983 million, down from $56.502 million in the prior year, representing a decrease of approximately 20.5%[27]. - Funds from Operations (FFO) available to common stockholders for the three months ended September 30, 2025, was a loss of $43.973 million, compared to a loss of $37.150 million in 2024[29]. - Adjusted FFO per diluted share available to common stockholders for the nine months ended September 30, 2025, was $(3.13), compared to $(2.32) in the same period of 2024[29]. - Total hotel revenue for Q3 2025 was $265.675 million, a decrease of 3.75% compared to $276.019 million in Q3 2024[44]. - Hotel net income for Q3 2025 was $26.634 million, down 18.50% from $32.678 million in Q3 2024[44]. - Comparable hotel net income decreased by 59.94% to $11.115 million in Q3 2025 from $27.745 million in Q3 2024[44]. - Total hotel revenue for the nine months ended September 30, 2025, was $844.271 million, a decrease of 5.68% from $895.074 million in the same period of 2024[44]. - Hotel net income for Q3 2025 was $26,634,000, compared to $57,561,000 in Q2 2025, reflecting a decrease of about 54%[50]. - Total hotel EBITDA including amounts attributable to noncontrolling interest for Q3 2025 was $68,740,000, compared to $92,279,000 in Q2 2025[82]. Cash and Debt Management - The Company ended the quarter with cash and cash equivalents of $81.9 million and restricted cash of $166.9 million[5]. - Total loans amounted to $2.6 billion with a blended average interest rate of 8.0%, with approximately 95% of the debt being floating[6]. - The company reported a total of $140.793 million in current maturity of fixed-rate debt as of September 30, 2025[31]. - Total indebtedness as of September 30, 2025, was $2.645 billion, with a weighted average interest rate of 8.03%[31]. - The company’s net working capital is reported at $(144,269,000), indicating a negative liquidity position[73]. - Interest expense associated with hotels in receivership for the nine months ended September 30, 2025, was $29.632 million, slightly down from $29.615 million in 2024[29]. - Interest expense for the nine months ended September 30, 2025, was $211.064 million, up from $235.246 million in the same period of 2024, showing a decrease of approximately 10.3%[96]. - Interest income for the nine months ended September 30, 2025, was $(1,116,000), which may affect overall profitability[106]. Asset Management and Impairment - The company reported impairment charges of $18.374 million for the three months ended September 30, 2025, compared to no impairment charges in the same period of 2024[25]. - Total assets decreased to $3.008 billion as of September 30, 2025, down from $3.161 billion as of December 31, 2024, representing a decline of 4.8%[22]. - Total liabilities decreased to $3.308 billion as of September 30, 2025, compared to $3.373 billion as of December 31, 2024, a reduction of 1.9%[22]. - The accumulated deficit increased to $2.950 billion as of September 30, 2025, from $2.812 billion as of December 31, 2024[22]. - Total stockholders' equity (deficit) was $(548.738) million as of September 30, 2025, compared to $(419.237) million as of December 31, 2024[22]. Operational Efficiency and Initiatives - The "GRO AHT" initiative aims to drive outsized EBITDA growth through G&A Reduction, Revenue Maximization, and Operational Efficiency[4]. - The company continues to focus on market expansion and optimizing hotel performance across various regions[58]. - The company is focusing on market expansion and improving operational efficiency to enhance future performance[61]. - Future outlook includes continued focus on market expansion and potential acquisitions to enhance portfolio performance and revenue growth[111]. Regional Performance - The company operates 70 hotel properties as of September 30, 2025, which were included in the comparable information[50]. - In the Atlanta, GA area, RevPAR increased by 1.4% to $134.35 from $132.52 in the same period last year[54]. - The New York/New Jersey metro area saw a significant RevPAR increase of 10.7%, reaching $116.83 compared to $105.56 in 2024[54]. - The Philadelphia, PA area experienced a RevPAR increase of 13.2%, with figures rising to $133.67 from $118.04[54]. - The San Diego, CA area reported a RevPAR decline of 12.7%, dropping to $157.32 from $180.15[54]. - The Miami, FL metro area achieved a RevPAR of $177.53, reflecting a 3.8% increase compared to $170.98 in the previous year[56]. - The Houston, TX area reported a RevPAR of $112.33, which is a 5.4% increase from $106.58 in 2024[56]. - The Atlanta, GA area reported hotel EBITDA of $14,904,000 for 2025, representing 6.2% of the total, with a year-over-year increase of 11.0% from $13,223,000 in 2024[69]. - The Washington D.C. - MD - VA area reported hotel EBITDA of $38,716,000, which is 16.2% of the total, showing a decrease of 5.0% from $40,750,000 in 2024[69]. Future Outlook - The company anticipates benefiting from short-term interest rates coming down due to its high percentage of floating-rate debt[13]. - The anticipated capital expenditures for 2025 include significant investments in hotels, with a total of 4 projects expected to incur capital expenditures in the fourth quarter[76]. - Future outlook indicates a focus on improving hotel EBITDA and managing interest expenses effectively[79].

Group 1 - The article does not provide any specific content related to a company or industry [1]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Core Points - Ashford Hospitality Trust, Inc. announced multiple dividends for its preferred stock series for the fourth quarter ending December 31, 2025, with payments scheduled for January 15, 2026 [1][2][3][4][5][6][7][8][9][10][11][12][13] Dividend Announcements - A dividend of $0.5281 per diluted share was declared for the 8.45% Series D Cumulative Preferred Stock [1] - A dividend of $0.4609 per diluted share was declared for the 7.375% Series F Cumulative Preferred Stock [2] - A dividend of $0.4609 per diluted share was declared for the 7.375% Series G Cumulative Preferred Stock [3] - A dividend of $0.46875 per diluted share was declared for the 7.50% Series H Cumulative Preferred Stock [4] - A dividend of $0.46875 per diluted share was declared for the 7.50% Series I Cumulative Preferred Stock [5] - Monthly cash dividends of $0.16667 per share for Series J Redeemable Preferred Stock were announced for three payment dates [6] - Monthly cash dividends of $0.17708 per share for Series K Redeemable Preferred Stock were announced for one specific CUSIP [7] - Monthly cash dividends of $0.17500 per share for Series K Redeemable Preferred Stock were announced for multiple CUSIPs [8] - Monthly cash dividends of $0.17292 per share for Series K Redeemable Preferred Stock were announced for additional CUSIPs [9] - Monthly cash dividends of $0.17083 per share for Series K Redeemable Preferred Stock were announced for remaining CUSIPs [10] - Monthly cash dividends of $0.15625 per share for Series L Redeemable Preferred Stock were announced for three payment dates [11] - Monthly cash dividends of $0.16042 per share for Series M Redeemable Preferred Stock were announced for three payment dates [12][13] Company Overview - As of September 30, 2025, Ashford Hospitality Trust had 7,672,142 shares of Series J, 737,805 shares of Series K, 195,976 shares of Series L, and 433,601 shares of Series M Redeemable Preferred Stock issued and outstanding [14] - The company operates as a real estate investment trust (REIT) primarily focused on investing in upper upscale, full-service hotels [14]

Core Insights - Ashford Hospitality Trust has successfully refinanced the mortgage loan for the 673-room Renaissance Hotel in Nashville, Tennessee, indicating positive developments in financing markets [1][4]. Financing Details - The new non-recourse loan has a balance of $218.1 million, with a two-year term and three one-year extension options, maturing in September 2030. The loan features an interest-only structure with a floating interest rate of SOFR + 2.26% [2]. - The previous loan was $267.2 million with a higher floating interest rate of SOFR + 3.98% [2]. Preferred Equity Investment - In conjunction with the refinancing, the preferred equity investment on the property was increased by $53.0 million, and the all-in rate of return on the preferred equity was reduced from 14% to 11.14% [3]. Management Commentary - The President and CEO of Ashford Trust expressed optimism regarding the improvement in financing markets, which facilitated the refinancing and is expected to result in significant annual interest expense savings [4].

Core Insights - Ashford Hospitality Trust (AHT) has signed a definitive agreement to sell the 150-room Residence Inn San Diego Sorrento Mesa for $42 million, with the sale expected to close in October 2025 [1][6] - The sale price reflects a capitalization rate of 5.7% based on net operating income, considering expected capital expenditures of $16 million, or a 7.9% capitalization rate without the anticipated capital spend [2][6] - The CEO stated that the sale aligns with the company's strategy to deleverage its portfolio and enhance financial flexibility for shareholders [3][6] Financial Metrics - The capitalization rate of 5.7% corresponds to a multiple of 15.3 times Hotel EBITDA for the 12 months ending July 31, 2025, while excluding capital expenditures results in a capitalization rate of 7.9% and a multiple of 11.1 times Hotel EBITDA [2][6] - Over the past three months, AHT's shares have increased by 5.6%, outperforming the industry growth of 0.7% [3] Market Position - AHT is focused on addressing strategic financing challenges and is well-positioned to capitalize on favorable market conditions [3] - The company is part of the broader REIT sector, with other better-ranked stocks such as Plymouth Industrial REIT and Crown Castle currently holding a Zacks Rank 2 (Buy) [4]

Core Points - Ashford Hospitality Trust has signed a definitive agreement to sell the Residence Inn San Diego Sorrento Mesa for $42.0 million, equating to $280,000 per room, with the sale expected to close in October 2025 [1][3] - The sale price reflects a capitalization rate of 5.7% on net operating income when adjusted for anticipated capital expenditures of $16.0 million, or a multiple of 15.3 times Hotel EBITDA for the twelve months ending July 31, 2025 [2] - Excluding anticipated capital expenditures, the sale price represents a 7.9% capitalization rate on net operating income or a multiple of 11.1 times Hotel EBITDA for the same period [2] - The transaction aligns with the company's strategy to deleverage its portfolio and enhance shareholder value, providing increased financial flexibility [3]

Core Insights - The article discusses the investment landscape in the real estate sector, particularly focusing on the performance and potential of various real estate investment trusts (REITs) and housing-related companies [2][3]. Group 1: Company Insights - Hoya Capital Research & Index Innovations is affiliated with Hoya Capital Real Estate, which provides investment advisory services and focuses on publicly traded securities in the real estate industry [2]. - The commentary emphasizes that the information provided is for educational purposes and does not constitute investment advice [2][3]. Group 2: Industry Insights - The real estate industry is highlighted as having unique risks associated with investments in real estate companies and housing industry companies [2]. - The article notes that past performance of market data does not guarantee future results, indicating the volatile nature of the real estate market [3].