REITResearch

Ashford Hospitality Trust, Inc. AHT

Listed / Traded Lodging & Resorts NYSE Mgmt:

Ashford Hospitality Trust, operating as a Real Estate Investment Trust (REIT), primarily channels its investments into premium, full-service hotel properties.

Snapshot

Price
$3.00
Market cap
$19.43M
Enterprise value
$2.54B
Dividend yieldi
8.00%
Annual dividendi
$0.24
Frequency
Quarterly
FFO / sharei
$-0.35 · Q1 2026
AFFO / sharei
$0.00 · Q1 2026
Net debt / EBITDAi
12.32x · GAAP est.
Op. cash flow / sharei
$-2.62
Price / OCFi
-1.14
Payout (% of OCF)i
-9.15%
Debt / book capitali
122.26%
Premium / disc. to NAVi
No free consensus-NAV source
Credit ratingi
No free ratings feed

Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-05-11) — 8-K, EX-99.1.

Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.

Dividends

Ex-dateRecordPaymentDeclaredAmountFreq.
2019-12-302019-12-312020-01-15 2019-12-05$0.06Quarterly
2019-09-272019-09-302019-10-15 2019-09-12$0.06Quarterly
2019-06-272019-06-282019-07-15 2019-06-14$0.06Quarterly
2019-03-282019-03-292019-04-15 2019-03-13$0.12Quarterly
2018-12-282018-12-312019-01-15 2018-12-10$0.12Quarterly
2018-09-272018-09-282018-10-15 2018-09-14$0.12Quarterly
2018-06-282018-06-292018-07-16 2018-06-05$0.12Quarterly
2018-03-282018-03-302018-04-16 2018-03-15$0.12Quarterly
2017-12-282017-12-292018-01-16 2017-12-11$0.12Quarterly
2017-09-282017-09-302017-10-16 2017-09-14$0.12Quarterly
2017-06-282017-06-302017-07-17 2017-06-14$0.12Quarterly
2017-03-292017-03-312017-04-17 2017-03-14$0.12Quarterly
2016-12-282016-12-302017-01-17 2016-12-12$0.12Quarterly
2016-09-282016-09-302016-10-17 2016-09-15$0.12Quarterly
2016-06-282016-06-302016-07-15 2016-06-14$0.12Quarterly
2016-03-292016-03-312016-04-15 2016-03-15$0.12Quarterly
2015-12-292015-12-312016-01-15 2015-12-11$0.12Quarterly
2015-09-282015-09-302015-10-15 2015-09-15$0.12Quarterly
2015-06-262015-06-302015-07-15 2015-06-15$0.12Quarterly
2015-03-272015-03-312015-04-15 2015-03-13$0.12Quarterly
2014-12-292014-12-312015-01-15 2014-12-15$0.12Quarterly
2014-09-262014-09-302014-10-15 2014-09-15$0.12Quarterly
2014-06-262014-06-302014-07-15 2014-06-13$0.12Quarterly
2014-03-272014-03-312014-04-15 2014-03-17$0.12Quarterly

Coverage (payout of operating cash flow): -9.15%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).

Balance sheet (latest FY: 2025)

Total debt
$2.92B
Cash
$66.35M
Net debt / EBITDAi
12.32x
Debt / book capitali
122.26%
Total assets
$2.83B
Total equity
$-409.27M

Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.

Financial history

FYRevenueNet incomeD&A EBITDAOp. cash flow
2025 $1.10B $-179.84M $141.29M $248.26M $-15.67M
2024 $1.17B $-60.30M $152.78M $407.71M $-23.59M
2023 $1.37B $-178.49M $187.81M $374.12M $14.39M
2022 $1.24B $-139.82M $201.90M $294.17M $39.22M
2021 $805.41M $-267.00M $218.98M $110.00M $-144.19M
2020 $508.24M $-543.88M $252.46M $-134.41M $-149.53M

Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.