Ashford Hospitality Tr Inc Stock Price, News & Analysis

Ashford Hospitality Trust (AHT) announced an expected occupancy rate of approximately 73% for Q2 2022, with an average daily rate (ADR) of $184, leading to a RevPAR of $135. This marks a 73% increase compared to Q2 2021 but a 6% decrease from Q2 2019. In June 2022, occupancy reached 75% with an ADR of $186 and a RevPAR of $139, reflecting a 52% increase from June 2021 and a 5% decrease from June 2019. The company expressed optimism regarding its diverse portfolio's performance amidst rising demand in key markets.

Ashford Hospitality Trust (NYSE: AHT) announced its upcoming second quarter earnings release for the period ending June 30, 2022. The earnings report will be issued after market close on August 2, 2022, followed by a conference call on August 3, 2022, at 11:00 a.m. ET. Investors can participate by calling (201) 389-0920. A replay will be available until August 10, 2022. The conference call will also be streamed live on the company's website, with a replay accessible for one year.

Ashford Hospitality Trust (NYSE: AHT) reported a preliminary portfolio occupancy of 72% for May 2022, with an average daily rate (ADR) of approximately $185 and RevPAR of about $132, marking a 74.9% rise from May 2021 but a 6.8% decline from May 2019. Hotel Net Income was $18.9 million and Comparable Hotel EBITDA reached $36.9 million, up 156% year-over-year. April occupancy was 74%, ADR at $182, and a RevPAR of $134 represented a 98.6% increase from April 2021. The company has seen robust recovery in key markets.

Ashford Hospitality Trust (NYSE: AHT) will present at Nareit's REITweek 2022 Investor Conference on June 7, 2022, at 3:45 p.m. Eastern Time. The presentation will be led by President and CEO Rob Hays. Investors can access the live audio broadcast on the company's website or through another provided link. A replay will be available for 90 days post-presentation. Ashford Trust primarily invests in upscale, full-service hotels, focusing on enhancing shareholder value.

Ashford Hospitality Trust (AHT) announced preferred dividends for Q2 2022, declaring $0.5281 per share for Series D, $0.4609 for Series F and G, and $0.46875 for Series H and I. All dividends have an annual rate of $2.1125, $1.8438, and $1.875 respectively. Payment is set for July 15, 2022, to stockholders on record by June 30, 2022.

Ashford Trust is a REIT focused on upper upscale, full-service hotels.

Ashford Hospitality Trust (AHT) reported preliminary first-quarter results for 2022, with an estimated net loss of $(58.8) million to $(56.8) million. Adjusted EBITDAre is projected between $40.0 million and $42.0 million, while Adjusted FFO is estimated to range from $(1.8) million to $0.2 million. Management highlighted improving hotel performance driven by strong leisure and transient demand. Final results will be disclosed on May 3, 2022. Caution is advised regarding the preliminary figures, as changes may occur before the final report.

Ashford Inc. (NYSE American: AINC) announced that Jeremy Welter, President and COO, will leave the company effective July 15, 2022. This will also end his roles at Ashford Hospitality Trust (NYSE: AHT) and Braemar Hotels & Resorts (NYSE: BHR). Monty J. Bennett, CEO, acknowledged Welter's significant contributions to maximizing hotel asset value and providing leadership. Ashford, an asset management company, continues to focus on the hospitality sector. The company warns that forward-looking statements carry inherent risks, including ongoing effects from COVID-19 and market volatility.

Ashford Hospitality Trust (AHT) announced preliminary results for Q1 2022, expecting an occupancy rate of approximately 58% and an average daily rate (ADR) of $166, leading to a RevPAR of about $97. This represents a 103% increase from Q1 2021 but a 23% decline compared to Q1 2019. RevPAR showed a decreasing trend monthly, dropping 36%, 25%, and 13% in January, February, and March 2022 compared to the same months in 2019, respectively. CEO Rob Hays expressed optimism about the industry’s recovery and the company's potential amidst current challenges.

Ashford Hospitality Trust (NYSE: AHT) announced the release of its first-quarter earnings for the period ending March 31, 2022, scheduled for May 3, 2022, after market close. A conference call will take place on May 4, 2022, at 11:00 a.m. ET, where the company will discuss its financial results. Interested participants can join the call at (201) 389-0920, and a replay will be available until May 11, 2022. Ashford Trust specializes in investing in upper upscale, full-service hotels.