Ashford Hospitality Trust FFO beats by $0.43, misses on revenue
- BySeeking Alpha-
Ashford Hospitality Trust (NYSE:AHT), a REIT that focuses on upscale hotels, reported weak financials for its fourth quarter, ended December 31. But with ongoing, extensive...
Ashford Hospitality Trust (NYSE:AHT) came out with a quarterly loss of $12.32 per share versus the Zacks Consensus Estimate of a loss of $6.89. This compares to FFO of $4.70 per...
Ashford Hospitality Trust, Inc. (the Trust) is a real estate investment trust (REIT). The Trust is focused on investing in upper upscale full-service hotels in the United States (U.S.). It owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership. Its hotel properties are primarily branded under the upscale and upper upscale brands of Hilton, Hyatt, Marriott and Intercontinental Hotel Group. The Tust has interests in approximately 103 consolidated hotel properties, including 101 directly owned and two owned through a majority-owned investment in a consolidated entity, which represents approximately 22,619 total rooms. It also owns interest in approximately 90 hotel condominium units at WorldQuest Resort in Orlando, Florida (WorldQuest). Ashford Hospitality Advisors LLC is the investment advisor of the Trust.