Ashford Hospitality Trust, Inc. (NYSE:AHT) Q2 2020 Earnings Conference Call July 30, 2020 11:00 AM ET Company Participants Jordan Jennings - Manager of Investor Relations Robison Hays - President and Chief Executive Officer Deric Eubanks - Chief Financial Officer Jeremy Welter - Chief Operating Officer Conference Call Participants Tyler Batory - Janney Montgomery Scott, LLC Michael Bellisario - Robert W. Baird & Co. Bryan Maher - B. Riley FBR, Inc. Chris Woronka - Deutsche Bank Robin Farley - UBS Operator G ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 001-31775 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) | --- | --- ...

Ashford Hospitality Trust, Inc. (NYSE:AHT) Q1 2020 Earnings Conference Call May 21, 2020 11:00 AM ET Company Participants Jordan Jennings - Manager of Investor Relations Robison Hays - President and Chief Executive Officer Deric Eubanks - Chief Financial Officer Jeremy Welter - Chief Operating Officer Conference Call Participants Tyler Batory - Janney Montgomery Scott, LLC Chris Woronka - Deutsche Bank Securities, Inc. Bryan Maher - B. Riley FBR, Inc. Michael Bellisario - Robert W. Baird & Co. Robin Farley ...

Table of Contents 14185 Dallas Parkway Suite 1100 Dallas UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-31775 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its ch ...

Ashford Hospitality Trust, Inc. (NYSE:AHT) Q4 2019 Earnings Conference Call February 26, 2020 11:00 AM ET Company Participants Jordan Jennings - Manager, IR Douglas Kessler - CEO Deric Eubanks - CFO & Treasurer Jeremy Welter - COO Conference Call Participants Tyler Batory - Janney Montgomery Scott Chris Woronka - Deutsche Bank Matthew Boone - B. Riley FBR, Inc. Arpine Kocharyan - UBS Investment Bank Michael Bellisario - Robert W. Baird & Co. Operator Greetings, and welcome to the Ashford Hospitality Trust, ...

业绩总结 - 资产组合包括118家酒店，提供25,044个酒店房间，覆盖30个州，总资产达61亿美元[25] - 酒店的RevPAR（每房收入）为128美元，酒店EBITDA占总收入的72%[25][27] - 2019年迄今EBITDA增长为1.3%，与同行相比，过去6年中几乎有5年超出同行表现[41] - TTM RevPAR为155美元，较AHT RevPAR高出30美元[39] 用户数据 - 主要市场包括华盛顿特区（10.1%）、旧金山/奥克兰（8.6%）和纽约/新泽西（8.1%），这些地区的酒店EBITDA分别为48,041千美元、41,057千美元和38,523千美元[26] - 72%的EBITDA来自全服务酒店，28%来自选择服务酒店，显示出全服务酒店的收入生成能力更强[27] 未来展望 - 预计上档高档酒店的资本化率在6.5%至8.5%之间[32] - 预计新收购的内部收益率（IRR）将超过20%[33] - FTM NOI资本化率为7.3%，杠杆内部收益率为28.1%[39] 新产品和新技术研发 - 通过增强回报融资计划（ERFP），公司已购买406百万美元的资产，承诺提供5000万美元的ERFP资金[33] - 2019年9月30日，已资助的ERFP金额为2920万美元[33] 市场扩张和并购 - 收购价格为5000万美元，预计投资承诺为500万美元[39] - 自2016年以来，收购资产的总额为4.06亿美元，TTM RevPAR为178美元，资本化率为7.9%[40] 负面信息 - 自2016年以来，出售资产的销售收入为4.384亿美元，TTM RevPAR为83美元，资本化率为6.6%[40] 其他新策略和有价值的信息 - 资本支出约为10亿美元，覆盖约75%的投资组合[43] - 过去两年内，已重融资86家酒店，占总数的73%[74] - 过去两年内，已重融资82%的债务，降低了利差并增加了灵活性[76] - 内部持股总价值为6000万美元，超过同行业平均水平[11] - 公司的管理团队拥有丰富的行业经验，团队成员在酒店和房地产领域的平均经验超过14年[9]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 001-31775 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) | --- | ...

Ashford Hospitality Trust Inc (NYSE:AHT) Q3 2019 Results Earnings Conference Call October 30, 2019 11:00 AM ET Company Participants Jordan Jennings - Manager of Investor Relations Douglas Kessler - President and Chief Executive Officer Deric Eubanks - Chief Financial Officer Jeremy Welter - Chief Operating Officer Conference Call Participants Tyler Batory - Janney Capital Markets Michael Bellisario - Rober W. Baird Bryan Maher - B. Riley Robin Farley - UBS Chris Woronka - Deutsche Bank Operator Greetings ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 001-31775 ASHFORD HOSPITALITY TRUST, INC. (Exact name of registrant as specified in its charter) | --- | --- ...

Ashford Hospitality Trust, Inc. (NYSE:AHT) Q2 2019 Earnings Conference Call August 2, 2019 11:00 AM ET Corporate Participants Jordan Jennings - Investor Relations Douglas Kessler - President and Chief Executive Officer Deric Eubanks - Chief Financial Officer Jeremy Welter - Chief Operating Officer Conference Call Participants Tyler Batory - Janney Capital Markets Bryan Maher - B. Riley FBR Michael Bellisario - Baird Chris Woronka - Deutsche Bank Robin Farley - UBS Brian Dobson - Nomura Instinet Operator Goo ...