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Ashford Hospitality Trust(AHT) - 2024 Q2 - Quarterly Report
2024-08-08 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 001-31775 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 86- ...
Ashford Hospitality Trust(AHT) - 2024 Q2 - Earnings Call Transcript
2024-07-31 17:36
Ashford Hospitality Trust, Inc. (NYSE:AHT) Q2 2024 Earnings Conference Call July 31, 2024 11:00 AM ET Company Participants Deric Eubanks - CFO Stephen Zsigray - President and CEO Chris Nixon - EVP and Head-Asset Management Conference Call Participants Jonathan Jenkins – Oppenheimer Michael Bellisario - Baird Operator Hello. And welcome to the Ashford Hospitality Trust Second Quarter 2024 Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers remarks t ...
Ashford Hospitality Trust (AHT) Beats Q2 FFO and Revenue Estimates
ZACKS· 2024-07-30 23:20
Ashford Hospitality Trust (AHT) came out with quarterly funds from operations (FFO) of $0.27 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to FFO of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 350%. A quarter ago, it was expected that this hotel owner would post a loss of $0.04 per share when it actually produced a loss of $0.35, delivering a surprise of -775%.Over the last four quarter ...
Ashford Hospitality Trust(AHT) - 2024 Q2 - Quarterly Results
2024-07-30 20:18
EXHIBIT 99.1 NEWS RELEASE Contact: Deric Eubanks Joe Calabrese (972) 490-9600 (212) 827-3772 Chief Financial Officer Financial Relations Board ASHFORD TRUST REPORTS SECOND QUARTER 2024 RESULTS DALLAS – July 30, 2024 – Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today reported financial results and performance measures for the second quarter ended June 30, 2024. The comparable performance measurements for Occupancy, Average Daily Rate (ADR), Revenue Per Available Room (RevP ...
ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE THIRD QUARTER OF 2024
Prnewswire· 2024-07-11 20:25
DALLAS, July 11, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that its Board of Directors (the "Board") declared a dividend of $0.5281 per diluted share for the Company's 8.45% Series D Cumulative Preferred Stock for the third quarter ending September 30, 2024. The dividend is payable on October 15, 2024, to stockholders of record as of September 30, 2024.The Board declared a dividend of $0.4609 per diluted share for the Company's 7.375% ...
ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY SECOND QUARTER 2024 RESULTS
Prnewswire· 2024-07-08 12:00
DALLAS, July 8, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") reported today that the Company expects to report Occupancy of approximately 75% for the second quarter of 2024 with Average Daily Rate of approximately $200 resulting in RevPAR of approximately $150. This Comparable RevPAR reflects an approximate increase of 1.4% compared to the second quarter of 2023. Additionally, for the month of April 2024, Comparable RevPAR increased approximately 3.0% v ...
ASHFORD HOSPITALITY TRUST CLOSES PREVIOUSLY ANNOUNCED SALE OF ONE OCEAN RESORT
Prnewswire· 2024-06-27 20:15
DALLAS, June 27, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the sale of the 193-room One Ocean Resort located in Atlantic Beach, Florida.  All proceeds from the sale will be used for debt reduction and general corporate purposes.  With the closing of the sale, the Company's net debt to gross assets now stands at approximately 66%, a 400 basis point reduction from the beginning of the year.  The balance on the Comp ...
ASHFORD TRUST SETS SECOND QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES
Prnewswire· 2024-06-17 20:15
DALLAS, June 17, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced details for the release of its results for the second quarter ended June 30, 2024.Ashford Trust plans to issue its earnings release for the second quarter after the market closes on Tuesday, July 30, 2024, and will host a conference call on Wednesday, July 31, 2024, at 11:00 a.m. ET. The number to call for this interactive teleconference is (646) 968-2525. A replay of the conf ...
ASHFORD HOSPITALITY TRUST ANNOUNCES SALE OF ADDITIONAL SELECT-SERVICE HOTELS
Prnewswire· 2024-06-13 12:00
DALLAS, June 13, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the sale of the 90-room SpringHill Suites and the 86-room Fairfield Inn located in Kennesaw, Georgia for $17.5 million.  The sale price represented a 4.8% capitalization rate on trailing 12-month net operating income through April 2024.  The hotels were encumbered with a mortgage loan that had an outstanding balance of approximately $10.8 million.  All re ...
ASHFORD HOSPITALITY TRUST ADDS HOTEL INDUSTRY VETERAN DAVE JOHNSON TO BOARD OF DIRECTORS
Prnewswire· 2024-06-10 12:00
DALLAS, June 10, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that Dave Johnson, a seasoned hospitality and real estate executive, has joined the Board of Directors as a new independent director as of the Company's recently held annual shareholder meeting. Mr. Johnson was also appointed to serve on the Board's Audit Committee as well as the Compensation Committee. "We are extremely pleased to welcome Dave to our Board of Directors," said ...