About Ashford Hospitality Trust, Inc.
https://www.ahtreit.comAshford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.

CEO
Stephen Zsigray
Compensation Summary
(Year 2019)
Stock Awards $1,395,317
Total Compensation $1,395,317
Industry REIT - Hotel & Motel
Sector Real Estate
Went public November 10, 2017
Method of going public IPO
Full time employees 108
Ratings Snapshot
Rating : D+
Discounted Cash Flow 1
Return On Equity 1
Return On Assets 1
Debt To Equity 1
Price To Earnings 1
Price To Book 1
Overall Score 1
Price Target
Target High $0
Target Low $0
Target Median $0
Target Consensus $0
Market Cap $80.81 M
52w High $16.63
52w Low $7.69
Dividend Yield 13.84%
Frequency Quarterly
P/E -1.4
Volume 9.17K
Outstanding Shares 5.77M
About Ashford Hospitality Trust, Inc.
https://www.ahtreit.comAshford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $266.06M ▼ | $-212.56M ▼ | $-60.15M ▼ | -22.61% ▼ | $-11.35 ▼ | $-27.92M ▼ |
| Q2-2025 | $302M ▲ | $25.62M ▲ | $-30.4M ▼ | -10.06% ▼ | $-6.88 ▼ | $83.55M ▼ |
| Q1-2025 | $277.36M ▲ | $-243K ▼ | $-19.97M ▲ | -7.2% ▲ | $-4.91 ▲ | $92.31M ▲ |
| Q4-2024 | $275.48M ▼ | $90.41M ▲ | $-124.21M ▼ | -45.09% ▼ | $-23.83 ▼ | $-19.52M ▼ |
| Q3-2024 | $276.6M | $31.68M | $-57.91M | -20.93% | $-12.39 | $56.11M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $246.12M ▲ | $3.01B ▼ | $3.31B ▲ | $-336.68M ▼ |
| Q2-2025 | $99.97M ▲ | $3.06B ▼ | $3.31B ▲ | $-282.27M ▼ |
| Q1-2025 | $85.79M ▼ | $3.08B ▼ | $3.3B ▼ | $-250.08M ▼ |
| Q4-2024 | $112.91M ▼ | $3.16B ▼ | $3.37B ▲ | $-247.7M ▼ |
| Q3-2024 | $119.66M | $3.27B | $3.36B | $-133.53M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $-32.44M ▼ | $16.34M ▲ | $6.32M ▼ | $8.21M ▲ | $30.88M ▲ | $16.41M ▲ |
| Q1-2025 | $-22.2M ▲ | $-24.99M ▼ | $99.5M ▲ | $-70.01M ▼ | $4.5M ▲ | $-24.99M ▼ |
| Q4-2024 | $-129.1M ▼ | $14.1M ▲ | $-20.58M ▲ | $-6.99M ▼ | $-13.47M ▼ | $14.1M ▼ |
| Q3-2024 | $-59.13M ▼ | $795K ▼ | $-21.46M ▼ | $8.34M ▲ | $-12.33M ▼ | $34.73M ▲ |
| Q2-2024 | $50.25M | $7.96M | $250.14M | $-260.23M | $-2.13M | $7.96M |
Revenue by Products
| Product | Q2-2024 | Q4-2024 | Q3-2024 | Q2-2025 |
|---|---|---|---|---|
Food and Beverage | $60.00M ▲ | $170.00M ▲ | $50.00M ▼ | $60.00M ▲ |
Hotel | $320.00M ▲ | $890.00M ▲ | $280.00M ▼ | $300.00M ▲ |
Hotel Other | $20.00M ▲ | $50.00M ▲ | $20.00M ▼ | $20.00M ▲ |
Occupancy | $240.00M ▲ | $680.00M ▲ | $210.00M ▼ | $230.00M ▲ |
Product and Service Other | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Revenue by Geography
| Region | Q2-2024 | Q4-2024 | Q3-2024 | Q2-2025 |
|---|---|---|---|---|
Atlanta GA Area | $20.00M ▲ | $60.00M ▲ | $20.00M ▼ | $20.00M ▲ |
Corporate Area | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Dallas Ft Worth Area | $20.00M ▲ | $60.00M ▲ | $20.00M ▼ | $20.00M ▲ |
Houston TX Area | $10.00M ▲ | $30.00M ▲ | $10.00M ▼ | $10.00M ▲ |
Los Angeles CA Metro Area | $20.00M ▲ | $70.00M ▲ | $20.00M ▼ | $20.00M ▲ |
Miami FL Metro Area | $10.00M ▲ | $30.00M ▲ | $10.00M ▼ | $10.00M ▲ |
Minneapolis St Paul MNWI Area | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ |
Nashville TN Area | $20.00M ▲ | $70.00M ▲ | $20.00M ▼ | $30.00M ▲ |
New York New Jersey Metro Area | $20.00M ▲ | $40.00M ▲ | $20.00M ▼ | $20.00M ▲ |
Orlando FL Area | $10.00M ▲ | $20.00M ▲ | $10.00M ▼ | $10.00M ▲ |
Other Areas | $80.00M ▲ | $220.00M ▲ | $80.00M ▼ | $80.00M ▲ |
Philadelphia PA Area | $0 ▲ | $10.00M ▲ | $0 ▼ | $0 ▲ |
San Diego CA Area | $10.00M ▲ | $20.00M ▲ | $10.00M ▼ | $10.00M ▲ |
San Francisco Oakland CA Metro Area | $10.00M ▲ | $30.00M ▲ | $10.00M ▼ | $10.00M ▲ |
Tampa FL Area | $10.00M ▲ | $30.00M ▲ | $10.00M ▼ | $10.00M ▲ |
Washington DC MD VA Area | $50.00M ▲ | $130.00M ▲ | $40.00M ▼ | $50.00M ▲ |
Boston MA Area | $10.00M ▲ | $20.00M ▲ | $10.00M ▼ | $0 ▼ |

CEO
Stephen Zsigray
Compensation Summary
(Year 2019)
Stock Awards $1,395,317
Total Compensation $1,395,317
Industry REIT - Hotel & Motel
Sector Real Estate
Went public November 10, 2017
Method of going public IPO
Full time employees 108
Ratings Snapshot
Rating : D+
Discounted Cash Flow 1
Return On Equity 1
Return On Assets 1
Debt To Equity 1
Price To Earnings 1
Price To Book 1
Overall Score 1
Price Target
Target High $0
Target Low $0
Target Median $0
Target Consensus $0

