Q1 2025 Ashford Hospitality Trust Inc Earnings Call Transcript
Key Points
- Ashford Hospitality Trust Inc (AHT) reported a 3.2% growth in comparable revPAR and an 8.7% increase in comparable hotel EBITDA for the first quarter of 2025.
- The company successfully converted La Concha Hotel in Key West and Le Pavillon Hotel in New Orleans to Marriott's Autograph Collection and Tribute Portfolio, respectively, resulting in significant revenue growth.
- The GRO AHT initiative is on track, contributing over $30 million towards the $50 million run rate improvement goal, with substantial reductions in corporate expenses.
- Ashford Hospitality Trust Inc (AHT) completed refinancing of 16 assets, fully repaying the remaining balance on corporate strategic financing, leaving the company free of corporate debt.
- The company raised $212 million in gross proceeds from a non-traded preferred stock offering, providing substantial capital for deleveraging and future growth.
- Ashford Hospitality Trust Inc (AHT) reported a net loss attributable to common stockholders of $27.8 million for the first quarter of 2025.
- The company experienced a negative AFFO per diluted share of $0.98, despite improvements over the prior year quarter.
- Total revenue decreased by $26.5 million compared to the prior year quarter, reflecting ongoing challenges.
- Approximately 77% of the company's debt is effectively floating, exposing it to interest rate fluctuations.
- The company does not anticipate reinstating a common dividend in 2025, focusing instead on preferred dividends.
Hello and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Ashford Hospitality Trust first-quarter 2025 results conference call. (Operator Instructions)
I would now like to turn the conference over to Deric Eubanks, Chief Financial Officer. Please go ahead.
Good morning and welcome to today's conference call to review results for Ashford Hospitality Trust for the first-quarter of 2025 and to update you on recent developments. On the call today will also be Stephen Zsigray, President and Chief Executive Officer, and Chris Nixon, Executive Vice President and Head of Asset Management
The results as well as notice of the accessibility of this conference call on a listen-only basis over the internet were distributed yesterday afternoon in a press release. At this time, let me remind you that certain statements and assumptions in this conference call contain or based upon
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
