Ashford Hospitality Trust, Inc. AHT
Ashford Hospitality Trust is a real estate investment trust (REIT) that invests in the hospitality industry, focusing on upper upscale, full-service hotels in the United States. Its portfolio consists of hotels branded under internationally recognized names like Hilton, Hyatt, and Marriott. The company's investment strategy is to acquire hotels with a revenue per available room (RevPAR) that is generally less than twice the U.S. national average. Ashford Hospitality Trust operates through a single segment of direct hotel investments.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-03-23 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-05-11) — 8-K, EX-99.1 ✓ Verified to filing.
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.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model AHT yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $1.10B | $-179.84M | $140.15M | $247.11M | $-15.67M |
| 2024 | $1.17B | $-60.30M | $152.62M | $407.56M | $-23.59M |
| 2023 | $1.37B | $-178.49M | $187.71M | $374.03M | $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 |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2019-12-30 | 2019-12-31 | 2020-01-15 | 2019-12-05 | $0.06 | Quarterly |
| 2019-09-27 | 2019-09-30 | 2019-10-15 | 2019-09-12 | $0.06 | Quarterly |
| 2019-06-27 | 2019-06-28 | 2019-07-15 | 2019-06-14 | $0.06 | Quarterly |
| 2019-03-28 | 2019-03-29 | 2019-04-15 | 2019-03-13 | $0.12 | Quarterly |
| 2018-12-28 | 2018-12-31 | 2019-01-15 | 2018-12-10 | $0.12 | Quarterly |
| 2018-09-27 | 2018-09-28 | 2018-10-15 | 2018-09-14 | $0.12 | Quarterly |
| 2018-06-28 | 2018-06-29 | 2018-07-16 | 2018-06-05 | $0.12 | Quarterly |
| 2018-03-28 | 2018-03-30 | 2018-04-16 | 2018-03-15 | $0.12 | Quarterly |
| 2017-12-28 | 2017-12-29 | 2018-01-16 | 2017-12-11 | $0.12 | Quarterly |
| 2017-09-28 | 2017-09-30 | 2017-10-16 | 2017-09-14 | $0.12 | Quarterly |
| 2017-06-28 | 2017-06-30 | 2017-07-17 | 2017-06-14 | $0.12 | Quarterly |
| 2017-03-29 | 2017-03-31 | 2017-04-17 | 2017-03-14 | $0.12 | Quarterly |
| 2016-12-28 | 2016-12-30 | 2017-01-17 | 2016-12-12 | $0.12 | Quarterly |
| 2016-09-28 | 2016-09-30 | 2016-10-17 | 2016-09-15 | $0.12 | Quarterly |
| 2016-06-28 | 2016-06-30 | 2016-07-15 | 2016-06-14 | $0.12 | Quarterly |
| 2016-03-29 | 2016-03-31 | 2016-04-15 | 2016-03-15 | $0.12 | Quarterly |
| 2015-12-29 | 2015-12-31 | 2016-01-15 | 2015-12-11 | $0.12 | Quarterly |
| 2015-09-28 | 2015-09-30 | 2015-10-15 | 2015-09-15 | $0.12 | Quarterly |
| 2015-06-26 | 2015-06-30 | 2015-07-15 | 2015-06-15 | $0.12 | Quarterly |
| 2015-03-27 | 2015-03-31 | 2015-04-15 | 2015-03-13 | $0.12 | Quarterly |
| 2014-12-29 | 2014-12-31 | 2015-01-15 | 2014-12-15 | $0.12 | Quarterly |
| 2014-09-26 | 2014-09-30 | 2014-10-15 | 2014-09-15 | $0.12 | Quarterly |
| 2014-06-26 | 2014-06-30 | 2014-07-15 | 2014-06-13 | $0.12 | Quarterly |
| 2014-03-27 | 2014-03-31 | 2014-04-15 | 2014-03-17 | $0.12 | Quarterly |
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).
Other Lodging & Resorts REITs
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.