Ashford Hospitality Trust Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

March 15, 2023

Ashford Hospitality Trust (NYSE:AHT) Full Year 2022 Results

Key Financial Results

  • Revenue: US$1.24b (up 54% from FY 2021).
  • Funds from operations (FFO): US$47.1m (up from US$53.6m loss in FY 2021).
  • FFO margin: 3.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue.
  • FFO per share: US$1.4 (up from US$2.48 loss in FY 2021).

earnings-and-revenue-growth
NYSE:AHT Earnings and Revenue Growth March 13th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ashford Hospitality Trust Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the REITs industry in the US.

Performance of the American REITs industry.

The company's shares are down 19% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Ashford Hospitality Trust (2 make us uncomfortable!) that we have uncovered.

What are the risks and opportunities for Ashford Hospitality Trust?

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.

View Full Analysis

Rewards

  • Trading at 79.1% below our estimate of its fair value

Risks

  • Earnings are forecast to decline by an average of 2.9% per year for the next 3 years

  • Negative shareholders equity

  • Shareholders have been diluted in the past year

  • Currently unprofitable and not forecast to become profitable over the next 3 years

View all Risks and Rewards

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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