AHTAshford Hospitality Trust, Inc.

$21M

Q4 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$320M+0.8% YoY

Gross Profit

$64M20.1% margin

Operating Income

$17M5.2% margin

Net Income

-$29M-9.2% margin

EPS (Diluted)

$-8.44

QoQ Revenue Growth

-6.7%

Cash Flow

Operating Cash Flow

-$22M

Free Cash Flow

-$60M

Stock-Based Comp.

-$347,000

Balance Sheet

Total Assets

$3.5B

Total Liabilities

$3.7B

Stockholders' Equity

-$261M

Cash & Equivalents

$165M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$320M	$317M	+0.8%
Gross Profit	$64M	$68M	-5.4%
Operating Income	$17M	$15M	+8.0%
Net Income	-$29M	-$56M	+47.6%

Revenue Segments

Occupancy

$789M59%

Hotel

$319M24%

Food and Beverage

$181M13%

Hotel, Other

$53M4%

Product and Service, Other

$2M0%

Geographic Segments

Other Areas

$109M27%

Washington DC - MD - VA Area

$56M14%

Nashville, TN Area

$38M9%

Los Angeles, CA Metro Area

$37M9%

Dallas / Ft. Worth Area

$30M8%

Boston, MA Area

$24M6%

Atlanta, GA Area

$19M5%

Houston, TX Area

$15M4%

Miami, FL Metro Area

$14M4%

Tampa, FL Area

$14M3%

New York / New Jersey Metro Area

$12M3%

Orlando, FL Area

$8M2%

San Francisco - Oakland, CA Metro Area

$8M2%

Minneapolis - St. Paul, MN-WI Area

$7M2%

San Diego, CA Area

$7M2%

Corporate Area

$2M1%