Published on 6 Oct 2024 on GuruFocus.com · via Yahoo Finance
Ashford Hospitality Trust Inc (AHT) Q2 2024 Earnings Call Highlights: Strategic...
Net Income: $44.3 million or $0.25 per diluted share for the second quarter.AFFO per Diluted Share: $0.27 for the quarter.Adjusted EBITDA RE: $78.7 million for the quarter.Total Debt: $2.7 billion with a blended average interest rate of 8.1%.Cash and Cash Equivalents: $121.8 million at the end of the quarter.Restricted Cash: $124.5 million at the end of the quarter.Net Working Capital: Approximately $187.4 million.Consolidated Portfolio: 69 hotels with 17,087 rooms as of June 30, 2024.Comparable Hotel RevPAR: Increased 1.6% over the prior year quarter.Ancillary Revenue: Up 10% per occupied room compared to the prior year quarter.Corporate Revenue Gains: 15% increase in the second quarter over the prior year quarter.Urban Hotels Total Revenue: Increased 3% compared to the prior year quarter.Hotel EBITDA Margin: Increased 160 basis points for urban hotels compared to the prior year quarter.Group Room Revenue Pace: Pacing ahead of last year by 5% for the full year.Property Tax Savings: Approximately $1.5 million realized during the second quarter.Capital Expenditures: Anticipated spending between $85 million and $105 million in 2024.
Warning! GuruFocus has detected 6 Warning Signs with AHT.