Did AHTpF's Q4 earnings beat or miss forecasts?

Ashford Hospitality Trust, Inc. (AHT) did not issue a specific earnings report for its preferred shares (AHTpF) in the fourth quarter of 2024. However, we can analyze the company's financial performance based on the information available for its common stock (AHT).

1. **AHT's Q4 2024 Earnings Outlook**:
- AHT anticipated a net income attributable to common stockholders of approximately $66.4 million to $68.4 million for Q1 2024.
- The estimated range of Adjusted EBITDAre was $58.5 million to $60.5 million.
- Adjusted FFO available to common stockholders and OP unitholders was forecasted to be between $(14.7) million and $(12.7) million.
2. **Comparison with Forecasts**:
- Since AHTpF is a preferred stock and not a common stock, direct comparison with earnings forecasts is not available. However, we can infer the company's performance based on the information provided for AHT.
- AHT's preliminary results for Q4 2024 showed an occupancy rate of around 66%, with an average daily rate of nearly $190, resulting in a revenue per available room (RevPAR) of approximately $126.
- This RevPAR represents an estimated year-over-year growth of 3% for the quarter.
3. **Insights and Analysis**:
- AHT's performance indicators, such as occupancy and RevPAR, suggest a positive trend in hotel operations, which could imply that the company's earnings may have exceeded expectations.
- However, the estimated Adjusted FFO is negative for the quarter, which could indicate challenges in managing cash flows or special distributions to preferred shareholders.
4. **Conclusion**:
- Without specific earnings data for AHTpF, it is not possible to definitively state whether the Q4 2024 earnings beat or missed forecasts. However, the positive trends in hotel operations and the projected net income suggest that AHTpF's earnings may have been in line with or exceeded expectations.

It's important to note that AHTpF is a preferred stock, which typically has a higher claim on assets and income than common stock but usually does not participate in the company's growth or receives a higher dividend. The financial metrics for AHTpF would primarily be influenced by the company's operations and financial management, as reflected in the indicators for AHT's common stock.