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Side-by-side financial comparison of ASHFORD HOSPITALITY TRUST INC (AHT) and Urban Edge Properties (UE). Click either name above to swap in a different company.
ASHFORD HOSPITALITY TRUST INC is the larger business by last-quarter revenue ($259.0M vs $132.6M, roughly 2.0× Urban Edge Properties). Urban Edge Properties runs the higher net margin — 17.1% vs -26.8%, a 43.8% gap on every dollar of revenue. On growth, Urban Edge Properties posted the faster year-over-year revenue change (12.2% vs -6.0%). Over the past eight quarters, Urban Edge Properties's revenue compounded faster (11.6% CAGR vs -7.7%).
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.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
AHT vs UE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $259.0M | $132.6M |
| Net Profit | $-69.3M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | -2.6% | — |
| Net Margin | -26.8% | 17.1% |
| Revenue YoY | -6.0% | 12.2% |
| Net Profit YoY | 44.2% | -6.7% |
| EPS (diluted) | $-12.85 | $0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $132.6M | ||
| Q4 25 | $259.0M | $119.6M | ||
| Q3 25 | $266.1M | $120.1M | ||
| Q2 25 | $302.0M | $114.1M | ||
| Q1 25 | $277.4M | $118.2M | ||
| Q4 24 | $275.5M | $116.4M | ||
| Q3 24 | $276.6M | $112.4M | ||
| Q2 24 | $316.5M | $106.5M |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $-69.3M | $12.4M | ||
| Q3 25 | $-60.1M | $14.9M | ||
| Q2 25 | $-30.4M | $58.0M | ||
| Q1 25 | $-20.0M | $8.2M | ||
| Q4 24 | $-124.2M | $30.1M | ||
| Q3 24 | $-57.9M | $9.1M | ||
| Q2 24 | $50.3M | $30.8M |
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 11.3% | ||
| Q3 25 | 4.6% | 13.4% | ||
| Q2 25 | 16.3% | 53.9% | ||
| Q1 25 | 22.2% | 7.6% | ||
| Q4 24 | -17.8% | 27.6% | ||
| Q3 24 | 7.3% | 8.9% | ||
| Q2 24 | 42.8% | 30.6% |
| Q1 26 | — | 17.1% | ||
| Q4 25 | -26.8% | 10.4% | ||
| Q3 25 | -22.6% | 12.4% | ||
| Q2 25 | -10.1% | 50.8% | ||
| Q1 25 | -7.2% | 6.9% | ||
| Q4 24 | -45.1% | 25.9% | ||
| Q3 24 | -20.9% | 8.1% | ||
| Q2 24 | 15.9% | 28.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-12.85 | $0.09 | ||
| Q3 25 | $-11.35 | $0.12 | ||
| Q2 25 | $-6.88 | $0.46 | ||
| Q1 25 | $-4.91 | $0.07 | ||
| Q4 24 | $-13.64 | $0.25 | ||
| Q3 24 | $-12.39 | $0.07 | ||
| Q2 24 | $2.50 | $0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $66.1M | $50.0M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $-626.4M | $1.4B |
| Total Assets | $2.8B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $50.0M | ||
| Q4 25 | $66.1M | $48.9M | ||
| Q3 25 | $81.9M | $77.8M | ||
| Q2 25 | $100.0M | $53.0M | ||
| Q1 25 | $85.8M | $48.0M | ||
| Q4 24 | $112.9M | $41.4M | ||
| Q3 24 | $119.7M | $67.9M | ||
| Q2 24 | $121.8M | $78.6M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.8B | — |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $-626.4M | $1.4B | ||
| Q3 25 | $-548.7M | $1.4B | ||
| Q2 25 | $-485.5M | $1.4B | ||
| Q1 25 | $-446.1M | $1.4B | ||
| Q4 24 | $-419.2M | $1.4B | ||
| Q3 24 | $-288.4M | $1.3B | ||
| Q2 24 | $-225.9M | $1.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $2.8B | $3.3B | ||
| Q3 25 | $3.0B | $3.3B | ||
| Q2 25 | $3.1B | $3.3B | ||
| Q1 25 | $3.1B | $3.3B | ||
| Q4 24 | $3.2B | $3.3B | ||
| Q3 24 | $3.3B | $3.2B | ||
| Q2 24 | $3.3B | $3.2B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-15.7M | $39.1M |
| Free Cash FlowOCF − Capex | $-86.8M | — |
| FCF MarginFCF / Revenue | -33.5% | — |
| Capex IntensityCapex / Revenue | 27.5% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | $-135.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.1M | ||
| Q4 25 | $-15.7M | $182.7M | ||
| Q3 25 | $5.5M | $55.7M | ||
| Q2 25 | $16.3M | $43.5M | ||
| Q1 25 | $-25.0M | $32.6M | ||
| Q4 24 | $-23.6M | $153.2M | ||
| Q3 24 | $795.0K | $36.6M | ||
| Q2 24 | $8.0M | $41.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-86.8M | $81.8M | ||
| Q3 25 | $-226.0K | $26.1M | ||
| Q2 25 | $-3.6M | $19.6M | ||
| Q1 25 | $-44.8M | $11.9M | ||
| Q4 24 | $-131.6M | $42.5M | ||
| Q3 24 | $-21.8M | $12.2M | ||
| Q2 24 | $-22.9M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | -33.5% | 68.4% | ||
| Q3 25 | -0.1% | 21.7% | ||
| Q2 25 | -1.2% | 17.2% | ||
| Q1 25 | -16.2% | 10.0% | ||
| Q4 24 | -47.8% | 36.6% | ||
| Q3 24 | -7.9% | 10.8% | ||
| Q2 24 | -7.2% | 18.6% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 27.5% | 84.4% | ||
| Q3 25 | 2.1% | 24.6% | ||
| Q2 25 | 6.6% | 20.9% | ||
| Q1 25 | 7.2% | 17.5% | ||
| Q4 24 | 39.2% | 95.1% | ||
| Q3 24 | 8.2% | 21.7% | ||
| Q2 24 | 9.8% | 20.1% |
| Q1 26 | — | 1.73× | ||
| Q4 25 | — | 14.71× | ||
| Q3 25 | — | 3.73× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 3.97× | ||
| Q4 24 | — | 5.09× | ||
| Q3 24 | — | 4.03× | ||
| Q2 24 | 0.16× | 1.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AHT
| Occupancy | $190.2M | 73% |
| Food And Beverage | $51.8M | 20% |
| Hotel Other | $16.6M | 6% |
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
