ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FOURTH QUARTER AND YEAR END RESULTS FOR 2023

Core Insights - Ashford Hospitality Trust, Inc. reported a preliminary estimated net loss attributable to common stockholders for Q4 2023 ranging from $(32.3) million to $(30.3) million, equating to $(0.93) to $(0.87) per share [1][2] - For the full year 2023, the preliminary estimated net loss attributable to common stockholders is between $(194.7) million and $(192.7) million, or $(5.64) to $(5.58) per share [2] - The company anticipates an Adjusted EBITDAre for Q4 2023 between $61.6 million and $63.6 million, and for the full year 2023, it is estimated to be between $323.5 million and $325.5 million [1][2] Financial Performance - The preliminary estimated range for Adjusted FFO available to common stockholders and OP unitholders for Q4 2023 is between $(14.2) million and $(12.2) million, while for the full year, it is estimated to be between $25.4 million and $27.4 million [2][8] - The company reported a Comparable RevPAR increase of 1.5% year-over-year for January [1] Non-GAAP Measures - The company utilizes non-GAAP measures such as FFO, AFFO, EBITDA, EBITDAre, and Adjusted EBITDAre to provide a clearer understanding of operational results and facilitate comparisons with peer real estate investment trusts [3][8] - Reconciliations of GAAP net income (loss) to non-GAAP measures are provided to enhance clarity on financial performance [3][4]