Welcome to our dedicated page for Ashford Hospitality Tr news (Ticker: AHT), a resource for investors and traders seeking the latest updates and insights on Ashford Hospitality Tr stock.
Ashford Hospitality Trust reports developments as a hotel REIT focused predominantly on upper upscale, full-service hotels in the United States. News about AHT commonly covers operating and financial results, lodging portfolio activity, direct hotel investments, property-level debt actions, and capital-structure matters involving its common stock and multiple preferred share series.
Company updates also include preferred-share distribution and tax reporting, material agreements, shareholder voting matters, governance changes, and board or executive transitions tied to the Ashford group of advised REITs. Asset-management and advisory relationships with Ashford-affiliated entities are recurring context for AHT's public announcements.
Ashford Hospitality Trust (NYSE: AHT) announced the release of its fourth-quarter earnings for the period ending December 31, 2022. The earnings release is scheduled for February 21, 2023, after market close. A conference call to discuss the results will take place on February 22, 2023, at 11:00 a.m. ET. Interested parties can join the call by dialing (201) 389-0920, with a replay available until March 1, 2023. The live broadcast will be accessible on the company’s website.
Ashford Hospitality Trust (AHT) successfully refinanced its $37 million mortgage loan for the Le Pavillon Hotel in New Orleans, extending the maturity date and maintaining the loan amount. The new loan features a two-year initial term with three potential one-year extensions, at a floating interest rate of SOFR + 4.00%, with a 0.50% floor. CEO Rob Hays expressed satisfaction with securing this financing despite challenging market conditions.
Ashford Hospitality Trust (AHT) announced its preliminary financial results for Q3 2022, projecting a net loss of approximately $(26.2) million to $(24.2) million, translating to $(0.76) to $(0.70) per share. Adjusted EBITDAre is estimated between $81.1 million and $83.1 million, with Adjusted FFO anticipated at $18.0 million to $20.0 million. For the nine months ended September 30, 2022, the net loss is estimated between $(94.0) million and $(92.0) million, or $(2.74) to $(2.68) per share. Final results will be disclosed on November 1, 2022.
Ashford Hospitality Trust (AHT) reported an expected occupancy rate of 71% for Q3 2022 and an average daily rate (ADR) of approximately $179, resulting in a RevPAR of $127. This RevPAR marks a 29% increase from Q3 2021 but a 4% decline from Q3 2019. September 2022 saw a 0.4% increase in RevPAR compared to September 2019, signaling a potential recovery in demand. CEO Rob Hays expressed optimism regarding the company’s diverse portfolio and market positioning as they head into Q4 and 2023.
Ashford Hospitality Trust (NYSE: AHT) has declared dividends for its various Series of Cumulative Preferred Stock for Q4 2022. The dividends include $0.5281 per share for Series D, $0.4609 for Series F and G, and $0.46875 for Series H and I, all payable on January 17, 2023. The company also announced monthly cash dividends for Series J ($0.50 total quarterly) and Series K ($0.5125 total quarterly) Preferred Stocks, with payments scheduled throughout the quarter. These moves signify Ashford Trust's commitment to returning value to shareholders amidst market uncertainties.
Ashford Hospitality Trust (NYSE: AHT) declared several dividends for the third quarter of 2022, payable on October 17, 2022. These include $0.5281 per share for Series D, $0.4609 for Series F and G, and $0.46875 for Series H and I, all equivalent to annual rates of $2.1125, $1.8438, and $1.875 respectively. Additionally, the Company announced monthly cash dividends of $0.1666 and $0.1708 for Series J and K, reflecting annual rates of $2.00 and $2.05. Stockholders of record as of September 30, 2022, will receive these payments.
Ashford Hospitality Trust, Inc. (NYSE: AHT) has announced it will release its third-quarter earnings results for the period ending September 30, 2022, on November 1, 2022, after market close. A conference call is scheduled for November 2, 2022, at 11:00 a.m. ET. Investors can participate by calling (201) 389-0920. A replay will be available until November 9, 2022. The live call will also be accessible via the company’s website. Ashford Trust primarily invests in upper upscale, full-service hotels.
Ashford Hospitality Trust (AHT) announced an expected occupancy rate of approximately 73% for Q2 2022, with an average daily rate (ADR) of $184, leading to a RevPAR of $135. This marks a 73% increase compared to Q2 2021 but a 6% decrease from Q2 2019. In June 2022, occupancy reached 75% with an ADR of $186 and a RevPAR of $139, reflecting a 52% increase from June 2021 and a 5% decrease from June 2019. The company expressed optimism regarding its diverse portfolio's performance amidst rising demand in key markets.
Ashford Hospitality Trust (NYSE: AHT) announced its upcoming second quarter earnings release for the period ending June 30, 2022. The earnings report will be issued after market close on August 2, 2022, followed by a conference call on August 3, 2022, at 11:00 a.m. ET. Investors can participate by calling (201) 389-0920. A replay will be available until August 10, 2022. The conference call will also be streamed live on the company's website, with a replay accessible for one year.
Ashford Hospitality Trust (NYSE: AHT) reported a preliminary portfolio occupancy of 72% for May 2022, with an average daily rate (ADR) of approximately $185 and RevPAR of about $132, marking a 74.9% rise from May 2021 but a 6.8% decline from May 2019. Hotel Net Income was $18.9 million and Comparable Hotel EBITDA reached $36.9 million, up 156% year-over-year. April occupancy was 74%, ADR at $182, and a RevPAR of $134 represented a 98.6% increase from April 2021. The company has seen robust recovery in key markets.