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Ashford Hospitality Trust (DE:AHD0)
FRANKFURT:AHD0
Germany Market

Ashford Hospitality (AHD0) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Aug 04, 2026
After Close (Confirmed)
Period Ending
2026 (Q2)
Consensus EPS Forecast
Last Year’s EPS
-5.97
Same Quarter Last Year
Based on 0 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Feb 26, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call presents a mix of encouraging operating momentum and portfolio-level execution (EBITDA growth, RevPAR gains, outperformance from conversions, margin expansion, accretive asset sale and debt paydown) alongside material balance-sheet and cash-flow challenges (large reported net loss, negative AFFO, high leverage and sizable floating-rate exposure). Management highlighted meaningful progress on GrowAHT initiatives and refinancing actions that are improving liquidity and outlook, but near-term refinancing and cash-flow risks remain. Overall the positives in operating performance and asset-level value-creation are balanced by significant financial headwinds and negative AFFO, yielding a cautious/neutral stance.
Company Guidance
Management guided that post‑conversion RevPAR upside should be meaningful (they expect a 10%–20% RevPAR premium for the Tribute conversion and have cited conversion outperformance like La Pavion running >40% above underwriting in January), and reiterated GrowAHT initiatives aimed at driving up to ~$50.0M of incremental hotel EBITDA while noting more than half of initiatives are rolled out and December results already showed momentum (comparable hotel RevPAR +3% in Q4, December hotel EBITDA +12% YoY, Embassy Suites Crystal City EBITDA +22% in Q4, gross operating margins +141 bps YoY). They expect 2025 group room revenue pace to be ~+5% and added >$13.0M of group room revenue for 2025 in Q4 (~+6% vs prior-year quarter), plan $95.0M–$115.0M of 2025 capex, and highlighted recent conversion spend of $35.0M (La Concha) and $19.0M (La Pavion). On balance sheet and financing guidance, the company finished Q4 with $112.9M cash, $107.6M restricted cash, ~$122.0M net working capital, a 73‑hotel/17,644‑room portfolio, ~$2.6B of loans at a blended 7.9% (77% effectively floating), completed a $580.0M refinancing and other asset sales (e.g., Courtyard Boston for $123.0M, $1.07M per key), used ~$72.0M of excess proceeds to pay off strategic financing, has raised ~$195.0M of Series J/K preferred proceeds, and does not expect to reinstate a common dividend in 2025.
Comparable Hotel EBITDA Growth
Comparable hotel EBITDA grew 6.2% (management stated), with December showing a particularly strong 12% increase in hotel EBITDA versus prior-year, reflecting traction from GrowAHT initiatives and revenue management.
RevPAR and Revenue Strength
Comparable hotel RevPAR increased 3% year-over-year in Q4; total revenue growth meaningfully exceeded RevPAR growth due to ancillary revenue initiatives.
Group Revenue Momentum and Booking Pace
Q4 group room revenue rose 5% year-over-year; 2025 group room revenue pace is currently pacing ~5% ahead of prior-year, and the company added over $13.0 million in additional group room revenue during Q4 for 2025 (≈6% increase vs. prior-year quarter).
Successful Asset Conversions and Outperformance
Conversions include Crowne Plaza La Concha → Autograph after a $35.0M investment and La Pavion → Tribute following a $19.0M investment; La Pavion outperformed underwriting (north of 40% outperformance in January) and recorded RevPAR > $900 during Super Bowl nights.
Strong Individual Property Performance
Embassy Suites Crystal City delivered a 22% increase (Q4) driven by GrowAHT initiatives; Le Méridien Fort Worth Downtown achieved total revenue growth 21% ahead of budget shortly after opening.
Margin Expansion and Cost Savings
Gross operating margins expanded ~141 basis points in Q4 year-over-year; Renaissance Nashville gross operating profit increased 10% on 3% total hotel revenue growth; procurement/supply chain initiatives yielded >$130,000 in food cost savings for the full year.
Portfolio Size and Liquidity
As of 12/31/2024 the consolidated portfolio consisted of 73 hotels (17,644 rooms); cash and cash equivalents were $112.9M with restricted cash of $107.6M and net working capital of approximately $122.0M.
Asset Sale with Attractive Metrics
Post-quarter sale of the 115-room Courtyard Boston Downtown for $123.0M ($1,070,000 per key) with a trailing NOI cap rate of ~5.9% (TTM ended 09/30/2024) and ~12.3x hotel EBITDA on the same period.
Balance Sheet Actions and Refinancing Progress
Completed multiple refinancings (including a $580.0M refinancing post-quarter), secured a new $121.5M nonrecourse loan, used ~$72.0M of excess proceeds to pay off remaining strategic financing, and raised ~$195.0M gross from Series J & K non-traded preferred offerings since 2022.
Capex Plan to Support Performance
2025 capital expenditure program expected to be $95.0M–$115.0M to execute PIPs, brand renewals and property upgrades aimed at driving long-term RevPAR and EBITDA gains.

Ashford Hospitality (DE:AHD0) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

DE:AHD0 Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Aug 04, 2026
2026 (Q2)
- / -
-5.97
May 11, 2026
2026 (Q1)
-7.63 / -9.58
-4.261-124.75% (-5.32)
Feb 26, 2026
2025 (Q4)
-10.70 / -10.70
-20.6848.26% (+9.98)
Nov 04, 2025
2025 (Q3)
-8.82 / -9.85
-10.7528.39% (+0.90)
Jul 31, 2025
2025 (Q2)
-6.39 / -5.97
2.17-375.20% (-8.14)
May 06, 2025
2025 (Q1)
-9.66 / -4.26
5.207-181.83% (-9.47)
Feb 25, 2025
2024 (Q4)
-10.10 / -20.68
-7.81-164.78% (-12.87)
Nov 05, 2024
2024 (Q3)
-3.04 / -10.75
-17.26937.74% (+6.52)
Jul 30, 2024
2024 (Q2)
-14.15 / 2.17
-7.637128.41% (+9.81)
May 07, 2024
2024 (Q1)
-18.14 / 5.21
-16.315131.91% (+21.52)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

DE:AHD0 Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 11, 2026
€2.50€2.42-3.20%
Feb 26, 2026
€2.46€2.40-2.44%
Nov 04, 2025
€3.70€3.92+5.95%
Jul 31, 2025
€5.35€5.30-0.93%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ashford Hospitality Trust (DE:AHD0) report earnings?
Ashford Hospitality Trust (DE:AHD0) is schdueled to report earning on Aug 04, 2026, After Close (Confirmed).
    What is Ashford Hospitality Trust (DE:AHD0) earnings time?
    Ashford Hospitality Trust (DE:AHD0) earnings time is at Aug 04, 2026, After Close (Confirmed).
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          What is the P/E ratio of Ashford Hospitality Trust stock?
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            What is DE:AHD0 EPS forecast?
            Currently, no data Available