Ashford Hospitality Trust
Owner of U.S. upper-upscale hotels managed through an external adviser.
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Profile
Owns U.S. upper-upscale, full-service hotels operated under major hotel brands, generating revenue from rooms, food and beverage, and guest services. An external adviser and affiliated or third-party managers supply the staffing and daily operating model, while sales and refinancing underpin the liquidity plan.
Owns U.S. upper-upscale, full-service hotels, primarily operating under Hilton, Hyatt, Marriott, and InterContinental Hotels Group brands. Rooms are the primary customer-facing revenue stream, supplemented by food and beverage and other guest services across urban, airport, suburban, and resort markets.
Uses taxable REIT subsidiaries to hold hotel operations while an affiliated external adviser provides asset management; Remington Hospitality and third-party firms run properties. The portfolio is being reduced through hotel sales to support liquidity, debt repayment, and lower future capital-expenditure obligations.
Depends on hotel demand, room rates, franchise relationships, refinancing, and asset sales. It has no direct employees: Ashford LLC supplies personnel and services under the external-advisory structure.
Company facts
Key statistics
Year to date −26.5% · Average volume (30d) 33.3K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | −$6.64 | $2.67 | +140.2% | $293.0M | $273.2M | −6.7% | +1.96% |
| May 11, 2026Q1 FY26 | −$8.79 | −$9.93 | −13.0% | $276.0M | $267.7M | −3.0% | −2.96% |
| Feb 25, 2026Q4 FY25 | −$12.33 | −$2.45 | +80.1% | $266.0M | $259.0M | −2.6% | +1.01% |
| Nov 4, 2025Q3 FY25 | −$1.14 | −$2.85 | −150.0% | $265.9M | $266.1M | +0.1% | +3.64% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $277.4M | $302.0M | $266.1M | $259.0M | $267.7M | $273.2M | |
| Gross profit | $61.3M | $74.9M | $46.0M | $45.1M | $7.7M | $26.4M | |
| Operating income | $61.5M | $49.3M | $4.1M | $7.3M | $18.8M | $39.5M | |
| Net income | −$20.0M | −$30.4M | −$60.1M | −$69.3M | −$63.8M | $128.0M | |
| Diluted EPS | −$4.91 | −$6.88 | −$11.35 | −$12.33 | −$9.93 | $1.62 | |
| Gross margin | 22.1% | 24.8% | 17.3% | 17.4% | 2.9% | 9.6% | |
| Operating margin | 22.2% | 16.3% | 1.6% | 2.8% | 7.0% | 14.5% |
Fiscal years (4-quarter sums)FY21 $805.4M · FY22 $1.24B · FY23 $1.37B · FY24 $1.17B · FY25 $1.10B
Revenue by product · Q1 FY26
Revenue by geography · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $73.4M · Total debt $2.23B · Total assets $2.33B · Shareholders' equity −$344.7M
Dividends
No dividends on record.
Ownership
Shares outstanding 6.48M · Float 5.95M · 91.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Castleknight Management LP | 441.9K | 6.82% | 13F | May 15, 2026 |
| CastleKnight Master Fund LP | 410.9K | 6.40% | 13G | Feb 17, 2026 |
| Kingsbury Capital Investment Advisors LLC | 268.0K | 4.14% | 13F | Aug 25, 2026 |
| Vanguard Capital Management LLC | 243.0K | 3.75% | 13F | May 15, 2026 |
| Geode Capital Management, LLC | 82.3K | 1.27% | 13F | May 15, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Host Hotels & Resorts
Large-scale luxury and upper-upscale hotel owner in shared U.S. markets.
- Park Hotels & Resorts
Premium branded city and resort hotels overlap in group and leisure demand.
- DiamondRock Hospitality
Premium full-service urban and resort hotels vie for the same stay demand.
- Xenia Hotels & Resorts
Luxury and upper-upscale hotels overlap in branded group and leisure stays.
- Pebblebrook Hotel Trust
Urban and resort lifestyle hotels overlap in upscale leisure and group stays.
- Sunstone Hotel Investors
Nationally branded full-service hotels overlap in room, group and event demand.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ashford Hospitality Trust | $3.25 | 0.00% | $21.0M | — | — | 0.0 | −9.5% |
| Host Hotels & Resorts | $22.40 | +0.63% | $15.26B | 15.2 | 22.3 | 2.5 | +3.4% |
| Park Hotels & Resorts | $15.83 | −0.09% | $3.19B | — | 28.1 | 1.3 | +1.2% |
| DiamondRock Hospitality | $12.70 | 0.00% | $2.60B | 17.4 | 20.1 | 2.3 | +4.1% |
| Xenia Hotels & Resorts | $19.62 | +0.87% | $1.80B | — | 38.1 | 1.6 | +2.8% |
| Pebblebrook Hotel Trust | $18.49 | −0.05% | $2.09B | — | — | 1.4 | −0.1% |
| Sunstone Hotel Investors | $11.33 | −0.13% | $2.11B | 46.0 | 52.5 | 2.1 | +6.7% |
| Median | 17.4 | 28.1 | 1.9 | +3.1% |