Q4 2025 Ashford Hospitality Trust Inc Earnings Call Transcript

Feb 26, 2026 / 04:00PM GMT

Release Date Price: $10.15 (-0.29%)

Transcript 8-K

Key Points

Positve

Ashford Hospitality Trust Inc (AHT) achieved a 2.4% growth in comparable hotel EBITDA for the full year 2025.
The company completed the sale of six hotels, generating approximately $145 million in sales proceeds and reducing anticipated capital expenditures by nearly $50 million.
The GRO AHT initiatives contributed over $40 million in EBITDA improvement in 2025.
Ashford Hospitality Trust Inc (AHT) reported a $13 million year-over-year improvement in corporate G&A.
The company is actively pursuing strategic dispositions, with agreements to sell additional properties expected to save $45 million in anticipated capital expenditures.

Negative

Ashford Hospitality Trust Inc (AHT) reported a net loss attributable to common stockholders of $215 million for the full year 2025.
The company's AFFO per diluted share was negative $5.66 for the full year.
Comparable hotel RevPAR decreased by 1.8% in the fourth quarter, largely due to a federal government shutdown impacting demand.
The company faces ongoing pressures from elevated interest rates and increased CapEx demands.
Liquidity remains constrained as Ashford Hospitality Trust Inc (AHT) executes its strategic plan.

Operator

Good morning, ladies and gentlemen, and thank you for standing by. My name is Kelvin, and I will be your conference operator today. At this time, I would like to welcome everyone to the Ashford Hospitality Trust fourth quarter 2025 results conference Call. (Operator Instructions). I would now like to turn the call over to Allison Beach, Director of Public Relations. Please go ahead.

Allison Beach

Ashford Hospitality Trust Inc - Director of Public Relations

Good morning, and welcome to today's conference call to review results for Ashford Hospitality Trust for the fourth quarter and full year 2025, and to update you on recent developments. On the call today will be Stephen Zsigray, President and Chief Executive Officer; Deric Eubanks, Chief Financial 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

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