AHT ASHFORD HOSPITALITY TRUST INC
Price Chart
Executive Summary
Ashford Hospitality Trust reported Q1 2026 comparable RevPAR growth of 3.3% and comparable Hotel EBITDA growth of 5.2%, but GAAP net loss attributable to common stockholders widened to $(71.1) million from $(27.8) million a year ago, driven by $112.6 million in impairment charges. The company continued aggressive asset sales, closing on seven hotels for $296.5 million in gross proceeds and signing agreements to sell six more for $154.6 million, but suspended preferred dividends and redemptions indefinitely due to tight liquidity and refinancing conditions.
Actionable Insight
The widening GAAP loss and massive impairment charges overshadow operational improvements. With preferred dividends suspended, no conference call, and 94% floating-rate debt, the stock faces continued distress. Monitor upcoming loan maturities—$1.08B due in 2026—and the pace of asset sales for liquidity signals.
Key Facts
- Comparable RevPAR increased 3.3% to $135.63, comparable Hotel EBITDA grew 5.2% to $73.2 million
- Net loss attributable to common stockholders was $(71.1) million or $(11.03) per diluted share, vs $(27.8) million or $(4.91) per share in Q1 2025
- Adjusted EBITDAre was $51.7 million, down from $61.7 million in Q1 2025
- AFFO per diluted share was breakeven, improving from $(0.98) in Q1 2025
- Recorded $112.6 million in impairment charges during the quarter
- Closed on 5 hotel sales for $238.5 million in Q1 and 2 more post-quarter for $58.0 million; signed definitive agreements to sell 6 additional hotels for $154.6 million
- Total debt of $2.4 billion, 94% floating-rate, with a blended average interest rate of 7.9%
- Suspended preferred dividends and redemptions indefinitely; no common dividend paid
- Total stockholders' deficit worsened to $(695.2) million from $(626.4) million at year-end 2025
- Company will not host an earnings conference call for Q1 2026
Financial Impact
Net loss widened by $43.3 million YoY to $(71.1) million; $112.6 million impairment charge; asset sales generated $296.5 million gross proceeds; AFFO improved to breakeven from $(0.98)/share
Risk Factors
- Massive $112.6M impairment charge signals further asset value deterioration
- Preferred dividends and redemptions suspended indefinitely, indicating severe liquidity constraints
- 94% floating-rate debt exposes the company to interest rate risk if the Fed pauses cuts
- Stockholders' deficit continues to widen, approaching $700 million negative equity
- Two mortgage loans in default with accruing default interest
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001232582-26-000107 |
| Document: aht-20260511.htm | 0001232582-26-000107 |
| Document: 0001232582-26-000107-index-headers.html | 0001232582-26-000107 |
| Document: 0001232582-26-000107-index.html | 0001232582-26-000107 |
| Document: 0001232582-26-000107.txt | 0001232582-26-000107 |
| 8-K Data (Synthetic) | 0001232582-26-000107 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 16, 2026
2d ago
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8-K
| $3.00 $3.17 | ▲ +5.67% | ▲ +4.89% | $3.00 (0.00%) |
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Jun 12, 2026
6d ago
|
8-K
| $3.06 $2.97 | ▲ +2.94% | ▲ +2.35% | $3.00 (+1.96%) |
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Jun 4, 2026
14d ago
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8-K
| $4.17 $4.12 | ▼ −1.25% | ▼ −1.48% | $3.00 (−28.09%) |
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May 22, 2026
27d ago
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8-K
| $4.90 $4.90 | · 0.00% | ▼ −0.01% | $3.00 (−38.78%) |
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May 11, 2026
5w ago
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8-K
| $5.71 $5.71 | · 0.00% | ▲ +0.54% | $3.00 (+47.49%) |
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Feb 25, 2026
16w ago
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8-K
| $3.00 $2.99 | ▲ +0.33% | ▼ −0.12% | $3.00 (0.00%) |
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Feb 25, 2026
16w ago
|
8-K
| $2.97 $3.00 | ▲ +1.01% | ▲ +1.56% | $3.00 (+1.01%) |
US Market Status
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