What is the market's earnings forecast for Ashford Hospitality Trust next quarter?

What is Ashford Hospitality Trust's gross profit margin?

What is Ashford Hospitality Trust's latest dividend and current dividend yield?

What were the key takeaways from Ashford Hospitality Trust's earnings call?

What factors drove the changes in Ashford Hospitality Trust's revenue and profit?

What were the key takeaways from Ashford Hospitality Trust’s earnings call?

What guidance did Ashford Hospitality Trust's management provide for the next earnings period?

What is the revenue and EPS growth rate for Ashford Hospitality Trust year over year?

- **Operational Resilience**: 2% EBITDA growth vs industry RevPAR decline, driven by $50M EBITDA improvement initiative.
- **Capital Efficiency**: $2-3M annual savings from refinancing, 5.3% cap rate on asset sales.
- **Debt Sensitivity**: $6M annual savings per 25bp rate cut, 95% floating debt portfolio.
- **Growth Catalysts**: 2026 FIFA World Cup (42% rooms in host cities), +11% resort group revenue.

**【CEO Summary Section】**
- Comparable hotel EBITDA grew 2% Q3 2025 despite industry-wide RevPAR declines, driven by operational efficiency and strategic dispositions.
- **Grow AHT** initiative targeting $50M annual EBITDA improvement: Year-to-date, EBITDA declined just $10.1M vs $65.5M revenue loss from asset sales.
- Completed refinancing of Renaissance Nashville, saving $2-3M annually, and extended Highland mortgage loan maturity to Jan 2026 with 6-month extension option.
- Sold 3 assets at 5.3% cap rate, improving annualized cash flow by $2M and saving $36M in future capex.
- 8 additional assets being marketed for sale, with 2 off-market transactions in diligence.
- Floating rate debt sensitivity: Each 25bp rate cut saves $6M annually, ~$1 per diluted share.

**【CFO Financial Commentary】**
- Q3 2025: Net loss $69M (-$11.35/share), AFFO -$2.85/share, Adjusted EBITDAre $45.4M.
- $2.6B debt portfolio with 8% blended rate (95% floating), $81.9M cash, $166.9M restricted cash (+$12M QoQ).
- No common dividend reinstatement expected in 2025; paying preferred dividends quarterly/monthly.

**【EVP Operational Update】**
- RevPAR -1.5%, EBITDA +2%, ancillary revenue +$1.7M, labor efficiency +2.6% per occupied room.
- Excluding DC market (14% of rooms), RevPAR -0.3% vs U.S. upper upscale segment.
- Group room revenue pacing +0.5% YTD, resort group revenue +11% Q3, Renaissance Palm Springs +34.5%.
- 2026 FIFA World Cup: 42% of rooms in host cities, expected demand surge.
- 2025 capex $70-80M: Renovations at Hilton Austin, Sheraton Anchorage, Hilton Virginia Beach.

Ashford Hospitality Trust, Inc.(AHT)-20251105-2025 Q3 Earnings call transcript

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