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Companies / Real Estate / Ashford Hospitality Trust, Inc.
AHT

Ashford Hospitality Trust, Inc.

Ticker AHTDALLAS, TXFiscal year ends DecemberBook value per share $-6.80Diluted shares 83.9M

Ashford Hospitality Trust, Inc. (NYSE: AHT) is a real estate investment trust that owns lodging properties, primarily upscale and upper-upscale full-service hotels in the United States. Its portfolio includes hotels operating under Hilton, Hyatt, Marriott and Intercontinental Hotel Group brands, and it targets… From the company’s description.

Over the twelve months to Jun 30, 2026, Ashford Hospitality Trust, Inc. reported revenue of $1.07B, down 5.8% from a year earlier, and a net loss of $69.60M. Its operating margin was 20.2%, and operations generated $15.10M in cash. In fiscal 2025, it reported revenue of $1.10B, down 5.8% from fiscal 2024, and a net loss of $188.16M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.10BFY2025
−5.8% year over year
Last 12 mo $1.07B
10.54%FY2025
−11.6 percentage points
Last 12 mo 20.18%
$-188.16MFY2025
−189.4% year over year
Last 12 mo $-69.60M
17.91%FY2025
+17.7 percentage points
Last 12 mo -19.90%
Cash & financing
$-15.67MFY2025
+33.6% year over year
Last 12 mo $15.10M
$-86.82MFY2025
+34.0% year over year
Last 12 mo $-53.92M
-4.06FY2025
Was -6.38× a year earlier
Last 12 mo -3.37
6.0MFY2025
+26.9% year over year
Last 12 mo 83.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Ashford Hospitality Trust, Inc. does

In the company’s own words

Ashford Hospitality Trust, Inc. (NYSE: AHT) is a real estate investment trust that owns lodging properties, primarily upscale and upper-upscale full-service hotels in the United States. Its portfolio includes hotels operating under Hilton, Hyatt, Marriott and Intercontinental Hotel Group brands, and it targets properties with revenue per available room generally below twice the U.S. national average. The company owns its hotel investments through Ashford Hospitality Limited Partnership and engages hotel management companies to operate them; Remington Hospitality manages 50 of its 68 properties, with third parties managing the remainder. Ashford Trust operates in one reportable business segment: direct hotel investments. It may also invest in lodging-related debt, including first mortgage and mezzanine financing, and sale-leaseback transactions. As of December 31, 2025, it held interests in 68 consolidated operating hotels with 16,445 rooms, plus a 29.3% investment in another consolidated hotel with 188 rooms and an investment in an entity owning two Napa resort properties. The company has no employees and receives advisory and asset-management services from Ashford LLC. Its website is www.ahtreit.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
DALLAS, TX
Fiscal year end
December
CIK
1232582
SIC
6798

Financial performance, year by year

Fiscal 2011–2025 · USD
$-846.82M$-206.03M$434.77M$1.08B$1.72B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Ashford Hospitality Trust, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

9
funds hold it
0 of 35
superinvestors hold it
$1.04M
held by funds, at market
5.0%
of shares held by funds

Largest fund holders · Ashford Hospitality Trust, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
VANGUARD INSTITUTIONAL TOTAL STOCK MARKET INDEX FUND
VITNX · VANGUARD INSTITUTIONAL INDEX FUNDS
0.00%of fund net assets
DFA REAL ESTATE SECURITIES PORTFOLIO
DFREX · DFA INVESTMENT DIMENSIONS GROUP INC
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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