AHTAshford Hospitality Trust, Inc.

$21M

Q1 2019 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$359M+4.8% YoY

Gross Profit

$98M27.3% margin

Operating Income

$24M6.7% margin

Net Income

-$38M-10.6% margin

EPS (Diluted)

$-382.44

QoQ Revenue Growth

+4.4%

Cash Flow

Operating Cash Flow

$27M

Free Cash Flow

$27M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$4.9B

Total Liabilities

$4.4B

Stockholders' Equity

$372M

Cash & Equivalents

$243M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$359M	$342M	+4.8%
Gross Profit	$98M	$97M	+1.0%
Operating Income	$24M	$23M	+3.1%
Net Income	-$38M	-$26M	-44.7%

Revenue Segments

Hotel

$358M100%

Geographic Segments

Other Areas

$87M31%

Washington DC - MD - VA Area

$26M9%

San Francisco - Oakland, CA Metro Area

$22M8%

Los Angeles, CA Metro Area

$21M7%

Atlanta, GA Area

$20M7%

New York / New Jersey Metro Area

$19M7%

Dallas / Ft. Worth Area

$16M6%

Nashville, TN Area

$12M4%

Boston, MA Area

$9M3%

Orlando, FL Area

$9M3%

Miami, FL Metro Area

$9M3%

Tampa, FL Area

$8M3%

Houston, TX Area

$7M2%

Minneapolis - St. Paul, MN-WI Area

$6M2%

Philadelphia, PA Area

$5M2%

San Diego, CA Area

$4M2%

Orlando WorldQuest

$1M0%