Ashford Hospitality Trust, Inc. (AHT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 267.73M | 258.97M | 266.06M | 302M | 277.36M | 275.48M | 276.6M | 316.48M | 303.9M | 319.88M | 343.01M | 375.75M | 328.89M | 317.47M | 328.16M | 348.1M | 247.14M | 248.74M | 247.43M | 193.41M |
| Revenue Growth % | -3.47% | -5.99% | -3.81% | -4.58% | -8.73% | -13.88% | -19.36% | -15.77% | -7.6% | 0.76% | 4.53% | 7.94% | 33.08% | 27.63% | 32.62% | 79.98% | 113.36% | 175.6% | 165.94% | 349.12% |
| Property Operating Expenses | 260.04M | 213.92M | 220.03M | 227.08M | 216.07M | 234.03M | 224.75M | 235.76M | 243.45M | 255.64M | 262.37M | 271.94M | 254.64M | 249.57M | 246.31M | 250.72M | 206.62M | 207.77M | 196.96M | 171.11M |
| Net Operating Income (NOI) | 7.7M | 45.05M | 46.03M | 74.92M | 61.29M | 41.45M | 51.85M | 80.72M | 60.44M | 64.25M | 80.65M | 103.81M | 74.25M | 67.9M | 81.85M | 97.37M | 40.52M | 40.96M | 50.48M | 22.3M |
| NOI Margin % | 2.87% | 17.4% | 17.3% | 24.81% | 22.1% | 15.05% | 18.74% | 25.5% | 19.89% | 20.08% | 23.51% | 27.63% | 22.57% | 21.39% | 24.94% | 27.97% | 16.39% | 16.47% | 20.4% | 11.53% |
| Operating Expenses | -11.14M | 37.75M | 41.89M | 25.62M | -243K | 90.41M | 31.68M | -54.78M | -92.05M | 47.59M | 43.44M | 50.98M | 50.49M | 52.48M | 48.55M | 55.23M | 55.12M | 55.55M | 55.38M | 57.94M |
| G&A Expenses | 1.6M | 3.66M | 7.3M | 5.49M | 4.33M | 4.2M | 5.06M | 7.19M | 8.27M | 4.79M | 3.87M | 4.9M | 2.61M | 3.15M | -884K | 4.51M | 3.1M | 4.04M | 2.41M | 2.7M |
| EBITDA | 50.84M | 40.35M | 38.69M | 84.57M | 98.87M | -11.65M | 57.91M | 172.69M | 193.05M | 63.45M | 83.12M | 99.98M | 71.62M | 64.8M | 82.74M | 93.07M | 37.55M | 38.01M | 48.2M | 19.99M |
| EBITDA Margin % | 18.99% | 15.58% | 14.54% | 28% | 35.65% | -4.23% | 20.94% | 54.57% | 63.53% | 19.83% | 24.23% | 26.61% | 21.78% | 20.41% | 25.21% | 26.74% | 15.19% | 15.28% | 19.48% | 10.34% |
| Depreciation & Amortization | 32.01M | 33.06M | 34.55M | 35.28M | 37.34M | 37.3M | 37.74M | 37.19M | 40.56M | 46.79M | 45.9M | 47.15M | 47.86M | 49.38M | 49.45M | 50.92M | 52.15M | 52.59M | 53.1M | 55.63M |
| D&A / Revenue % | 11.95% | 12.77% | 12.99% | 11.68% | 13.46% | 13.54% | 13.64% | 11.75% | 13.35% | 14.63% | 13.38% | 12.55% | 14.55% | 15.55% | 15.07% | 14.63% | 21.1% | 21.14% | 21.46% | 28.76% |
| Operating Income | 18.83M | 7.3M | 4.13M | 49.3M | 61.53M | -48.96M | 20.17M | 135.5M | 152.49M | 16.65M | 37.21M | 52.82M | 23.75M | 15.42M | 33.29M | 42.15M | -14.61M | -14.58M | -4.91M | -35.64M |
| Operating Margin % | 7.03% | 2.82% | 1.55% | 16.32% | 22.19% | -17.77% | 7.29% | 42.82% | 50.18% | 5.21% | 10.85% | 14.06% | 7.22% | 4.86% | 10.14% | 12.11% | -5.91% | -5.86% | -1.98% | -18.43% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 0.20x | -0.08x | 0.14x | 0.60x | 0.72x | -0.76x | 0.24x | 1.68x | 1.84x | 0.67x | 0.35x | 0.74x | 0.25x | 0.18x | 0.71x | 0.99x | -0.28x | -0.21x | 0.04x | -0.81x |
| Non-Operating Income | 2.17M | 12.63M | -6M | 1.03M | 6.57M | 7.87M | 1.8M | 876K | -6.27M | -47.7M | 2.16M | -13.87M | 3.54M | 2.09M | -10.07M | -5.56M | -2.48M | -5.38M | -6.47M | -6.68M |
| Pretax Income | -64.7M | -71.64M | -62.47M | -32.32M | -21.88M | -131.41M | -59.57M | 54.27M | 72.71M | -31.31M | -64.32M | -22.89M | -61.3M | -60.69M | -17.67M | -683K | -55.68M | -53.32M | -41.43M | -64.69M |
| Pretax Margin % | -24.17% | -27.66% | -23.48% | -10.7% | -7.89% | -47.7% | -21.54% | 17.15% | 23.93% | -9.79% | -18.75% | -6.09% | -18.64% | -19.12% | -5.38% | -0.2% | -22.53% | -21.43% | -16.75% | -33.45% |
| Income Tax | 752K | -838K | 259K | 119K | 317K | -2.32M | -445K | 3.46M | 303K | -1.51M | 127K | 2.06M | 221K | -4M | 4.66M | 5.56M | 120K | 3.03M | 2.62M | 572K |
| Effective Tax Rate % | -1.16% | 1.17% | -0.41% | -0.37% | -1.45% | 1.76% | 0.75% | 6.37% | 0.42% | 4.82% | -0.2% | -9.01% | -0.36% | 6.6% | -26.36% | -814.49% | -0.22% | -5.69% | -6.31% | -0.88% |
| Net Income | -63.77M | -69.32M | -60.15M | -30.4M | -19.97M | -124.21M | -57.91M | 50.25M | 71.56M | -29.4M | -63.56M | -24.61M | -60.92M | -56.13M | -22.09M | -6.17M | -55.43M | -55.98M | -43.69M | -64.29M |
| Net Margin % | -23.82% | -26.77% | -22.61% | -10.06% | -7.2% | -45.09% | -20.93% | 15.88% | 23.55% | -9.19% | -18.53% | -6.55% | -18.52% | -17.68% | -6.73% | -1.77% | -22.43% | -22.51% | -17.66% | -33.24% |
| Net Income Growth % | -219.32% | 44.19% | -3.88% | -160.48% | -127.91% | -322.53% | 8.9% | 304.22% | 217.46% | 47.63% | -187.72% | -298.83% | -9.91% | -0.27% | 49.44% | 90.4% | 46.2% | 55.49% | 66.2% | 68.58% |
| Funds From Operations (FFO) | -31.77M | -36.26M | -25.6M | 4.88M | 17.37M | -86.91M | -20.16M | 87.44M | 112.12M | 17.4M | -17.66M | 22.54M | -13.06M | -6.76M | 27.36M | 44.75M | -3.28M | -3.39M | 9.41M | -8.66M |
| FFO Margin % | -11.86% | -14% | -9.62% | 1.62% | 6.26% | -31.55% | -7.29% | 27.63% | 36.89% | 5.44% | -5.15% | 6% | -3.97% | -2.13% | 8.34% | 12.86% | -1.33% | -1.36% | 3.8% | -4.48% |
| FFO Growth % | -282.9% | 58.27% | -26.95% | -94.42% | -84.51% | -599.57% | -14.19% | 287.87% | 958.65% | 357.45% | -164.55% | -49.62% | -298.47% | -99.32% | 190.77% | 616.48% | 92.78% | 94.97% | 114.16% | 93.8% |
| FFO per Share | -4.93 | -5.71 | -4.38 | 0.84 | 3.07 | -15.80 | -3.96 | 10.43 | 9.61 | 5.00 | -5.12 | 6.55 | -3.80 | -1.97 | 7.96 | 13.03 | -0.96 | -1.00 | 3.36 | -5.43 |
| FFO Payout Ratio % | 0% | -17.17% | -23.9% | 122.27% | 32.51% | -6.52% | -25.96% | 5.58% | 4.09% | 24.68% | -22.51% | 15.58% | -24.22% | -45.97% | 11.35% | 6.93% | -94.72% | -549.32% | 21.67% | -31.27% |
| EPS (Diluted) | -9.93 | -11.41 | -11.35 | -6.88 | -4.91 | -23.83 | -12.39 | 5.99 | 5.80 | -8.44 | -18.45 | -7.46 | -17.89 | -16.49 | -6.49 | -1.82 | -16.28 | -16.56 | -15.59 | -40.29 |
| EPS Growth % | -102.24% | 52.12% | 8.39% | -214.86% | -184.66% | -182.35% | 32.85% | 180.29% | 132.42% | 48.82% | -184.28% | -309.89% | -9.89% | 0.42% | 58.37% | 95.48% | 86.88% | 95.95% | 98.13% | 97.97% |
| EPS (Basic) | -9.93 | -11.41 | -11.35 | -6.88 | -4.91 | -23.83 | -12.39 | 10.30 | 17.50 | -8.44 | -18.45 | -7.46 | -17.89 | -16.49 | -6.49 | -1.82 | -16.30 | -16.56 | -15.63 | -40.29 |
| Diluted Shares Outstanding | 6.44M | 6.35M | 5.85M | 5.8M | 5.65M | 5.5M | 5.1M | 8.38M | 11.67M | 3.48M | 3.45M | 3.44M | 3.44M | 3.44M | 3.44M | 3.43M | 3.43M | 3.38M | 2.8M | 1.6M |