Financials Ashford Hospitality Trust, Inc. Deutsche Boerse AG

Stocks

AHD0

US0441037944

Specialized REITs

Market Closed - Deutsche Boerse AG Other stock markets 15:55:02 2026-07-15 EDT			Pre-market 01:30:18
2.700 ^EUR	0.00%		2.820	+4.44%

07-08	Ashford Hospitality Trust Completes Sale of California Hotel	MT
06-17	Ashford Hospitality Trust Sells Florida Hotel to Maco Properties for $11.3 Million	MT

Projected Income Statement: Ashford Hospitality Trust, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	805.4	1,241	1,368	1,172	1,104	1,097
Change	-	54.07%	10.21%	-14.26%	-5.81%	-0.63%
EBITDA ¹	113.6	287.3	324.5	235.9	221.3	218.2
Change	-	152.85%	12.94%	-27.31%	-6.2%	-1.39%
EBIT ¹	-125.2	76.26	130.4	259.2	-2.438	26.1
Change	-	160.92%	71.06%	98.71%	-100.94%	1,170.55%
Interest Paid ¹	-143.5	-217.3	-366.1	-305.4	-269.7	-227.5
Earnings before Tax (EBT) ¹	-265.1	-134.7	-179.8	-64.01	-188.3	-211
Change	-	49.18%	-33.49%	64.4%	-194.16%	-12.05%
Net income ¹	-267.9	-153.2	-193.7	-82.52	-215	-239.6
Change	-	42.81%	-26.43%	57.4%	-160.54%	-11.44%
Announcement Date	2/23/22	2/21/23	2/28/24	2/25/25	2/25/26	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	193.4	247.4	248.7	247.1	348.1	328.2	317.5	328.9	375.7	343	319.9	303.9	316.5	276.6	275.5	277.4	302	266.1	259	267.7	292.8	262.9	265.6
Change	-	27.93%	0.53%	-0.64%	40.85%	-5.73%	-3.26%	3.6%	14.25%	-8.71%	-6.74%	-5%	4.14%	-12.6%	-0.4%	0.68%	8.88%	-11.9%	-2.67%	3.38%	9.36%	-10.21%	1.03%
EBITDA ¹	31.35	46.85	40.69	40.22	96.37	82.06	69.06	75.62	104	82.47	62.47	59.48	78.66	52.41	45.17	61.66	73.83	45.38	40.39	51.66	74	48.1	32.2
Change	-	49.43%	-13.15%	-1.15%	139.61%	-14.85%	-15.84%	9.5%	37.48%	-20.66%	-24.25%	-4.79%	32.24%	-33.37%	-13.82%	36.52%	19.73%	-38.53%	-11.01%	27.92%	43.24%	-35%	-33.06%
EBIT ¹	-35.64	-4.905	-14.58	-14.61	42.15	33.29	15.42	23.75	51.75	37.21	16.65	11.63	36.34	20.17	-48.96	19.62	32.71	-14.24	-40.53	13.25	25.9	-	-15.7
Change	-	86.24%	-197.29%	-0.16%	388.57%	-21.01%	-53.68%	54.03%	117.85%	-28.09%	-55.25%	-30.17%	212.49%	-44.48%	-342.71%	140.07%	66.73%	-143.53%	-184.65%	132.69%	95.5%	-	-
Charge d'intérêts ¹	-32.87	-40.8	-41.48	-41.16	-45.99	-58.51	-71.66	-45.99	-85.98	-96.13	-105.3	-85.98	-74.9	-74.37	-70.12	-71.65	-72.85	-66.57	-58.63	-66.57	-56.9	-56.9	-56.9
Earnings before Tax (EBT) ¹	-64.69	-41.43	-53.32	-55.68	-0.683	-17.67	-60.69	-61.3	-23.97	-64.32	-31.31	72.71	54.27	-59.57	-131.4	-21.88	-32.32	-62.47	-71.64	-64.7	-32	-58.6	-75.1
Change	-	35.95%	-28.68%	-4.44%	98.77%	-2,486.53%	-243.55%	-1.01%	60.89%	-168.33%	51.32%	332.19%	-25.36%	-209.78%	-120.59%	83.35%	-47.71%	-93.27%	-14.68%	9.67%	50.54%	-83.12%	-28.16%
Net income ¹	-69.47	-47.52	-59.29	-58.53	-9.247	-25.2	-60.2	-64.57	-30.26	-68.62	-31.32	67.44	44.33	-63.15	-131.1	-27.76	-39.94	-69	-78.3	-71.09	-40.3	-65.9	-79.9
Change	-	31.6%	-24.77%	1.28%	84.2%	-172.48%	-138.93%	-7.26%	53.13%	-126.74%	54.36%	315.34%	-34.27%	-242.46%	-107.66%	78.83%	-43.9%	-72.75%	-13.48%	9.22%	43.31%	-63.52%	-21.24%
Announcement Date	7/28/21	10/26/21	2/23/22	5/3/22	8/2/22	11/1/22	2/21/23	5/1/23	8/2/23	11/7/23	2/28/24	5/7/24	7/30/24	11/5/24	2/25/25	5/6/25	7/31/25	11/4/25	2/25/26	5/11/26	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Ashford Hospitality Trust, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt	3,296	3,440	3,249	-	-	-
Change	-	4.37%	-5.55%	-	-	-
Announcement Date	2/23/22	2/21/23	2/28/24	2/25/25	2/25/26	-

Estimates

Cash Flow Forecast: Ashford Hospitality Trust, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025
CAPEX ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Free Cash Flow (FCF) ¹	47.33	-77.77	71.08	147	-250.1	31.61
Change	-	-264.31%	191.4%	106.86%	-270.08%	112.64%
Announcement Date	3/16/21	2/28/22	3/10/23	3/14/24	3/21/25	3/23/26

¹USD in Million

Estimates

Forecast Financial Ratios: Ashford Hospitality Trust, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	14.11%	23.16%	23.73%	20.12%	20.04%	19.88%
EBIT Margin (%)	-	-15.54%	6.15%	9.54%	22.11%	-0.22%	2.38%
EBT Margin (%)	-	-32.91%	-10.86%	-13.15%	-5.46%	-17.05%	-19.23%
Net margin (%)	-	-33.26%	-12.35%	-14.16%	-7.04%	-19.47%	-21.83%
FCF margin (%)	-	-22.46%	-	-	-	-	-
FCF / Net Income (%)	-	67.55%	-	-	-	-	-
Profitability
ROA	-5.01%	-2.03%	1.17%	2%	1.03%	1.35%	-
ROE	-1,610.6%	225.48%	264.39%	102.96%	29.82%	64.32%	-
Financial Health
Leverage (Debt/EBITDA)	-	29x	11.97x	10.01x	-	-	-
Debt / Free cash flow	-	-18.22x	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	4.56%	8.36%	10.05%	-	-	-
CAPEX / EBITDA (%)	-	32.33%	36.11%	42.35%	-	-	-
CAPEX / FCF (%)	-	-20.31%	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-66.01	11.42	4.168	-	-	-
Change	-	-	117.31%	-63.51%	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-0.769	-43.6	-92.43	-	-	-
Change	-	-	-5,569.31%	-112.01%	-	-	-
EPS ¹	-	-123.7	-44.6	-56.1	-17.54	-35.99	-39.41
Change	-	-	63.95%	-25.78%	68.73%	-105.19%	-9.5%
Nbr of stocks (in thousands)	-	3,386	3,450	3,662	5,521	6,412	6,476
Announcement Date	-	2/23/22	2/21/23	2/28/24	2/25/25	2/25/26	-