AHTAshford Hospitality Trust, Inc.

$21M

Q2 2019 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$415M+6.7% YoY

Gross Profit

$130M31.3% margin

Operating Income

$49M11.7% margin

Net Income

-$16M-3.9% margin

EPS (Diluted)

$-162.92

QoQ Revenue Growth

+15.7%

Cash Flow

Operating Cash Flow

$65M

Free Cash Flow

$65M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$4.9B

Total Liabilities

$4.4B

Stockholders' Equity

$367M

Cash & Equivalents

$236M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$415M	$389M	+6.7%
Gross Profit	$130M	$120M	+8.5%
Operating Income	$49M	$43M	+13.3%
Net Income	-$16M	-$18M	+11.1%

Revenue Segments

Hotel

$414M100%

Geographic Segments

Other Areas

$100M30%

Washington DC - MD - VA Area

$40M12%

New York / New Jersey Metro Area

$27M8%

San Francisco - Oakland, CA Metro Area

$24M7%

Los Angeles, CA Metro Area

$20M6%

Boston, MA Area

$19M6%

Atlanta, GA Area

$18M5%

Dallas / Ft. Worth Area

$16M5%

Nashville, TN Area

$15M4%

Minneapolis - St. Paul, MN-WI Area

$9M3%

Orlando, FL Area

$8M2%

Philadelphia, PA Area

$7M2%

Houston, TX Area

$7M2%

Miami, FL Metro Area

$7M2%

Tampa, FL Area

$6M2%

San Diego, CA Area

$5M1%

Orlando WorldQuest

$1M0%