ASHFORD HOSPITALITY TRUST INC

Ashford Hospitality Trust reported a significant turnaround in its second quarter of 2026, with net income attributable to common stockholders reaching $120.7 million, compared to a loss of $39.9 million in the prior year period. Basic earnings per share improved to $18.73 from a loss of $6.88. Total revenue for the quarter decreased to $273.2 million from $302.0 million, while net cash provided by operating activities for the six months ended June 30, 2026, was $22.1 million, a substantial improvement from a net use of $8.6 million in the same period last year. The company also recorded a significant gain of $250.1 million from the disposition of assets and hotel properties for the six-month period.

Ashford Hospitality Trust reported strong second quarter 2026 results, with comparable RevPAR increasing 6.6% and Adjusted FFO per diluted share reaching $2.67. The company also significantly improved its balance sheet by selling eleven hotels for combined gross proceeds of $464.4 million and refinancing a $525.0 million mortgage loan, leading to a $599.5 million reduction in total debt. Despite these operational and balance sheet improvements, the company stated that preferred dividends remain suspended, though it intends to resume capital returns to preferred holders when conditions allow.

Ashford Hospitality Trust, Inc. announced the completion of the sale of its Hyatt Regency Long Island hotel in Hauppauge, New York, for approximately $26.2 million in cash, net of selling expenses. The company used approximately $25.7 million of the proceeds to repay a mortgage loan partially secured by the hotel. The filing includes unaudited pro forma financial information to reflect the impact of this disposition on the company's balance sheet and statements of operations for prior periods.

Ashford Hospitality Trust, Inc. completed the sale of its 357-room Marriott Fremont Silicon Valley hotel for $52.2 million in cash, net of selling expenses. The company used approximately $43.5 million of the proceeds to repay a portion of the mortgage loan secured by 14 hotels. This divestment resulted in an estimated non-recurring gain of $13.4 million for the year ended December 31, 2025, and is expected to improve the company's financial position.

Ashford Hospitality Trust, Inc. announced the completion of the sale of its Hyatt Regency Savannah hotel for approximately $157.6 million in cash, net of selling expenses. The company used approximately $159.0 million of the proceeds to repay a portion of the mortgage loan secured by 16 hotels, including the sold property. Pro forma financial information indicates a significant gain on the disposition and a reduction in the company's overall indebtedness.

Ashford Hospitality Trust, Inc. completed the sale of its 254-room Hilton Garden Inn Austin Downtown hotel in Austin, Texas, for $26.85 million in cash. The company received approximately $26.4 million in net cash consideration and used approximately $25.7 million to repay a portion of the mortgage loan secured by the hotel. Unaudited pro forma financial information reflecting the disposition was also provided.

Ashford Hospitality Trust completed the sale of its 119-room Hilton Garden Inn Jacksonville - Deerwood Park in Jacksonville, Florida, for approximately $11.0 million in cash. The company used approximately $9.5 million of the proceeds to repay a portion of the mortgage loan secured by the hotel. This divestment is expected to result in an estimated non-recurring gain of $4.030 million for the year ended December 31, 2025, and slightly improve the company's pro forma net loss.

Ashford Hospitality Trust, Inc. announced the completion of the sale of the Sheraton Mission Valley in San Diego, California, for approximately $45.3 million in cash. The company also paid down a mortgage loan of approximately $35.9 million. Unaudited pro forma financial information reflecting the disposition is provided for the balance sheet as of March 31, 2026, and for the years ended December 31, 2025, and March 31, 2026.

Ashford Hospitality Trust, Inc. has filed an 8-K detailing the sale of the Silversmith Hotel Chicago for approximately $15.9 million in cash. The filing includes unaudited pro forma financial information reflecting the disposition. The sale involved a $15.0 million payment to a mortgage lender. Pro forma statements show a net loss attributable to common stockholders of $67.037 million for the three months ended March 31, 2026, and $212.939 million for the year ended December 31, 2025.

Ashford Hospitality Trust, through an indirect wholly owned subsidiary, completed the sale of the 378-room Sheraton Indianapolis City Centre Hotel for a gross purchase price of approximately $32.1 million. After purchaser credits and selling expenses, the company received approximately $16.5 million in cash. The company also paid approximately $14.6 million to the mortgage lender. The transaction resulted in an estimated non-recurring loss on disposition of $2.033 million for the year ended December 31, 2025.