ASHFORD HOSPITALITY TRUST INCAHTEarnings & Financial Report
Ashford Hospitality Trust Inc is a U.S.-headquartered real estate investment trust focused on upper-upscale full-service hotel properties across key U.S. urban, suburban and resort markets. Its portfolio holds assets under top global hospitality brands, serving business and leisure travelers, with a focus on long-term value growth and stable shareholder returns.
Revenue
$303.9M
Gross Profit
N/A
Operating Profit
$152.5M
Net Profit
$71.6M
Gross Margin
N/A
Operating Margin
50.2%
Net Margin
23.5%
YoY Growth
-7.6%
EPS
$5.99
ASHFORD HOSPITALITY TRUST INC Q1 FY2024 Financial Summary
ASHFORD HOSPITALITY TRUST INC reported revenue of $303.9M (down 7.6% YoY) for Q1 FY2024, with a net profit of $71.6M (up 217.5% YoY) (23.5% margin).
Key Financial Metrics
| Total Revenue | $303.9M |
|---|---|
| Net Profit | $71.6M |
| Gross Margin | N/A |
| Operating Margin | 50.2% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
ASHFORD HOSPITALITY TRUST INC Q1 FY2024 revenue of $303.9M breaks down across 4 segments, led by Occupancy at $229.2M (75.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Occupancy | $229.2M | 75.4% |
| Food And Beverage | $57.4M | 18.9% |
| Hotel Other | $16.7M | 5.5% |
| Disposal Group Disposed Of By Sale Not Discontinued Operations | $15.8M | 5.2% |
ASHFORD HOSPITALITY TRUST INC Revenue by Segment — Quarterly Trend
ASHFORD HOSPITALITY TRUST INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Occupancy and Food And Beverage) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Occupancy | $190.2M | $201.9M | $227.2M | $206.3M |
| Food And Beverage | $51.8M | $45.9M | $55.3M | $54.5M |
| Hotel Other | $16.6M | $17.8M | $19.0M | $16.2M |
| Disposal Group Disposed Of By Sale Not Discontinued Operations | — | $1.5M | — | — |
ASHFORD HOSPITALITY TRUST INC Annual Revenue by Year
ASHFORD HOSPITALITY TRUST INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.1B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.1B |
| 2024 | $1.2B |
| 2023 | $1.4B |
| 2022 | $1.2B |
ASHFORD HOSPITALITY TRUST INC Quarterly Revenue & Net Profit History
ASHFORD HOSPITALITY TRUST INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $259.0M | -6.0% | $-69.3M | -26.8% |
| Q3 FY2025 | $266.1M | -3.8% | $-60.1M | -22.6% |
| Q2 FY2025 | $302.0M | -4.6% | $-30.4M | -10.1% |
| Q1 FY2025 | $277.4M | -8.7% | $-20.0M | -7.2% |
| Q4 FY2024 | $275.5M | -13.9% | $-124.2M | -45.1% |
| Q3 FY2024 | $276.6M | -19.4% | $-57.9M | -20.9% |
| Q2 FY2024 | $316.5M | -15.8% | $50.3M | 15.9% |
| Q1 FY2024 | $303.9M | -7.6% | $71.6M | 23.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $303.9M | $316.5M | $276.6M | $275.5M | $277.4M | $302.0M | $266.1M | $259.0M |
| YoY Growth | -7.6% | -15.8% | -19.4% | -13.9% | -8.7% | -4.6% | -3.8% | -6.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.54B | $3.35B | $3.27B | $3.16B | $3.08B | $3.06B | $3.01B | $2.83B |
| Liabilities | $3.67B | $3.40B | $3.36B | $3.37B | $3.30B | $3.31B | $3.31B | $3.21B |
| Equity | $-276.8M | $-225.9M | $-288.4M | $-419.2M | $-446.1M | $-485.5M | $-548.7M | $-626.4M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-46.5M | $8.0M | $795000 | $-23.6M | $-25.0M | $16.3M | $5.5M | $-15.7M |