Ashford Hospitality Trust Inc (AHT) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Ashford Hospitality Trust reported revenue of $1.10B, down 5.8% from $1.17B the year before. Net income was -$179.8M (a -16.3% net margin), or -$35.99 per diluted share. Gross margin was -0.2% and operating margin was 10.5%. Operating activities generated -$15.7M of cash. At fiscal year end, Ashford Hospitality Trust held $2.83B in total assets against $3.21B in total liabilities, including $66.1M of cash and equivalents.
Open the full interactive Ashford Hospitality Trust financials → Quarterly statements, key ratios, valuation history and price charts.
Ashford Hospitality Trust Key Stats
| Share Price | $1.91 |
|---|---|
| Market Cap | $148.0M |
| Dividend Yield | 8.34% |
| Revenue YoY Growth | -5.8% |
| 52-Week Range | $1.85 – $5.50 |
| Shares Outstanding | 6.4 million (basic, 2026 Q2) |
Ashford Hospitality Trust Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $508.2M | $805.4M | $1.24B | $1.37B | $1.17B | $1.10B |
| Cost of Goods Sold | $936.9M | $932.0M | $1.16B | $1.25B | $1.17B | $1.11B |
| Gross Profit | -$428.7M | -$126.6M | $76.0M | $119.0M | -$2.4M | -$2.4M |
| Operating Income | -$465.4M | -$125.2M | $76.3M | $130.4M | $259.2M | $116.4M |
| Pre-Tax Income | -$634.6M | -$265.1M | -$134.7M | -$179.8M | -$64.0M | -$188.3M |
| Income Tax | -$1.3M | $5.9M | $6.3M | $900,000 | $997,000 | -$143,000 |
| Net Income | -$543.9M | -$267.0M | -$139.8M | -$178.5M | -$60.3M | -$179.8M |
| Diluted EPS | -$3300.00 | -$124.30 | -$44.60 | -$56.10 | -$17.54 | -$35.99 |
Ashford Hospitality Trust Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $266.1M | $259.0M | $267.7M | $273.2M |
| Net Income | -$60.1M | -$69.3M | -$63.8M | $128.0M |
| Diluted EPS | -$11.35 | -$11.60 | -$11.03 | $1.62 |
Ashford Hospitality Trust Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $92.9M | $592.1M | $417.1M | $165.2M | $112.9M | $66.1M |
| Total Assets | $3.73B | $4.10B | $3.92B | $3.46B | $3.16B | $2.83B |
| Total Long-Term Debt | $3.73B | $3.89B | $3.84B | $3.40B | $2.63B | $2.53B |
| Total Liabilities | $3.99B | $4.08B | $4.04B | $3.69B | $3.37B | $3.21B |
| Shareholders' Equity | -$283.6M | -$2.7M | -$150.4M | -$345.9M | -$419.2M | -$626.4M |
Ashford Hospitality Trust Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$149.5M | -$144.2M | $39.2M | $14.4M | -$23.6M | -$15.7M |
| Cash From Investing | -$7.6M | -$34.0M | -$70.3M | -$89.8M | $191.3M | $190.8M |
| Cash From Financing | -$73.8M | $702.6M | -$101.5M | -$172.1M | -$258.8M | -$179.2M |
| Dividends Paid | $28.6M | $18.6M | $12.4M | $14.9M | $20.4M | $24.0M |
Figures from Ashford Hospitality Trust's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Ashford Hospitality Trust financials page for every line item.
Ashford Hospitality Trust Company Profile
| Ticker | AHT |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Dallas, Texas |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001232582 |
Frequently Asked Questions
What was Ashford Hospitality Trust's revenue in fiscal 2025?
Ashford Hospitality Trust (AHT) reported revenue of $1.10B for fiscal 2025.
What is Ashford Hospitality Trust's annual revenue history?
Ashford Hospitality Trust's annual revenue by fiscal year: 2020: $508.2M; 2021: $805.4M; 2022: $1.24B; 2023: $1.37B; 2024: $1.17B; 2025: $1.10B.
What was Ashford Hospitality Trust's net income in fiscal 2025?
Ashford Hospitality Trust reported net income of -$179.8M for fiscal 2025.
What was Ashford Hospitality Trust's earnings per share (EPS) in fiscal 2025?
Ashford Hospitality Trust's diluted EPS was -$35.99 for fiscal 2025 (adjusted for any later stock splits).
What was Ashford Hospitality Trust's revenue last quarter?
In its most recent reported quarter (2026 Q2), Ashford Hospitality Trust reported revenue of $273.2M.
How much debt does Ashford Hospitality Trust have?
Ashford Hospitality Trust reported $2.53B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Ashford Hospitality Trust are outstanding?
Ashford Hospitality Trust reported a weighted average of 6.4 million basic shares outstanding in 2026 Q2.
What is Ashford Hospitality Trust's market cap?
Based on its latest closing price, Ashford Hospitality Trust (AHT) has a market capitalization of about $148.0M.
When does Ashford Hospitality Trust's fiscal year end?
Ashford Hospitality Trust's fiscal year end, as registered with the SEC, is December 31.
Where is Ashford Hospitality Trust headquartered?
Ashford Hospitality Trust lists its business address in Dallas, Texas in its SEC filings.