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Ashford common shares have recently scraped all-time lows. The preferred shares now yield over 12%. The bull argument can be summed up in four words, i.e. "mainly property level debt".
The company's portfolio comprises 100 hotels across 26 states, with Marriott, Hilton, and Hyatt brands contributing to approximately 90% of the FY 2022 EBITDA. The company has a substantial debt burden of approximately $3.8 billion, with $590 million due by the end of 2024 and an additional $2.6 billion due in 2025. The company's current cash on hand is barely sufficient to cover 1 year of interest payments, raising concerns about its financial stability and sustainability.
DALLAS , June 19, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced details for the release of its results for the second quarter ended June 30, 2023. Ashford Trust plans to issue its earnings release for the second quarter after the market closes on Tuesday, August 1, 2023, and will host a conference call on Wednesday, August 2, 2023, at 11:00 a.m.
The REIT sector declined for the 4th consecutive month with a -2.50% total return in May. Small cap REITs (-1.02%) outperformed in May by averaging the most modest negative total returns. Large caps (-4.64%) underperformed their smaller REIT peers. Only 30.38% of REIT securities had a positive total return in May with only 36.65% in the black year to date.
With housebuilders on a sticky wicket at present, amid rising interest rates, demand slowing and inflation putting pressure on costs, a Bellway PLC (LSE:BWY) update could be interesting. With a recent update from a sector peer showing sales slowing again as rising mortgage rates put off potential buyers, shares in the FTSE 250 company have been on the slide.
Ashford Hospitality: After 2 Reverse Stock Splits, Consider The 11.4% Yield Preferreds.
DALLAS , March 24, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced details for the release of its results for the first quarter ended March 31, 2023. Ashford Trust plans to issue its earnings release for the first quarter after the market closes on Monday, May 1, 2023, and will host a conference call on Tuesday, May 2, 2023, at 11:00 a.m.
Ashford Hospitality Trust, Inc. (NYSE:AHT ) Q4 2022 Earnings Conference Call February 22, 2023 11:00 AM ET Company Participants Jordan Jennings - Director, IR Rob Hays - President and CEO Deric Eubanks - CFO Chris Nixon - EVP and Head, Asset Management Conference Call Participants Tyler Batory - Oppenheimer Chris Woronka - Deutsche Bank Bryan Maher - B. Riley Operator Greetings and welcome to the Ashford Hospitality Trust Fourth Quarter 2022 Results Conference Call.
Despite lingering recession concerns and recent travel disruptions, Hotel REITs have been among the better-performing sectors over the past year, buoyed by steady post-pandemic operating improvement fueling long-awaited dividend resumptions. Several years of pent-up leisure demand helped to offset a sluggish business and group travel recovery. Hotel revenues eclipsed record highs in 2022, but with wide dispersion between markets and segments.
DALLAS , Jan. 5, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced details for the release of its results for the fourth quarter ended December 31, 2022. Ashford Trust plans to issue its earnings release for the fourth quarter after the market closes on Tuesday, February 21, 2023, and will host a conference call on Wednesday, February 22, 2023, at 11:00 a.m.