Quarterly ResultMay 11, 2026, 05:32 PM
Ashford Trust Q1 Net Loss $(71.1)M; Sells 7 Hotels, 6 More Under Agreement
AI Summary
Ashford Hospitality Trust reported a net loss attributable to common stockholders of $(71.1) million, or $(11.03) per diluted share, for the first quarter of 2026. Despite the loss, the company achieved a 3.3% increase in comparable RevPAR and a 5.2% increase in comparable Hotel EBITDA. The company is actively executing a deleveraging strategy through asset sales, having closed seven hotel sales for combined gross proceeds of $296.5 million and entering agreements to sell six more for $154.6 million. However, the company has suspended preferred stock dividends and redemptions due to tight refinancing conditions and free cash flow.
Key Highlights
- Net loss attributable to common stockholders was $(71.1) million or $(11.03) per diluted share for Q1 2026.
- Comparable RevPAR for all hotels increased 3.3% to $135.63 in Q1 2026.
- Comparable Hotel EBITDA grew 5.2% to $73.2 million for the quarter.
- Adjusted EBITDAre was $51.7 million; Adjusted FFO per diluted share was breakeven.
- Closed five hotel sales for $238.5 million in Q1, and two more for $58.0 million post-quarter.
- Entered definitive agreements to sell six additional hotels for $154.6 million.
- Suspended preferred stock dividends and redemptions to preserve liquidity.
- Extended Highland mortgage loan, reducing balance by $10 million to $723.6 million.