Earnings ·
Ashford Hospitality Trust reported second quarter 2026 financial results on August 12, 2026
AHT-PHAshford Hospitality Trust Inc
Ashford Hospitality Trust reported second quarter 2026 financial results on August 12, 2026. Net income attributable to common stockholders was $120.7 million, or $1.62 per diluted share, compared to a loss in the prior year period. Adjusted funds from operations (AFFO) per diluted share improved significantly to $2.67 from $0.78. The company sold nine hotels during the quarter for combined gross proceeds of $385.3 million and two subsequent sales for $79.1 million, applying proceeds to reduce total debt by 23.3% to $2.0 billion. Additionally, Ashford refinanced a $525.0 million mortgage loan on August 7, 2026, addressing its final 2026 maturity. The company suspended preferred dividends and redemptions due to cash constraints from senior debt repayment but reported strong operational growth with comparable RevPAR increasing 6.6%. Ashford Hospitality Trust is a real estate investment trust focused on investing predominantly in upper upscale, full-service hotels.