2023-08-02 00:34:21 ET
- Ashford Hospitality Trust press release ( NYSE: AHT ): Q2 FFO of $0.78 beats by $0.31 .
- Net income (loss) attributable to common stockholders per share of -$0.88.
- Revenue of $375.75M (+7.9% Y/Y) beats by $5.72M .
- Comparable RevPAR for all hotels increased 6.7% to $144.25 during the quarter on a 3.8% increase in Comparable ADR and a 2.8% increase in Comparable Occupancy.
- Adjusted EBITDAre was $104.0 million for the quarter, reflecting a growth rate of 8% over the prior year quarter.
- Comparable Hotel EBITDA was $117.5 million for the quarter, reflecting a growth rate of 5% over the prior year quarter.
- The Company ended the quarter with cash and cash equivalents of $254.1 million and restricted cash of $150.5 million.
- Capex invested during the quarter was $34.0 million.
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Ashford Hospitality Trust FFO of $0.78 beats by $0.31, revenue of $375.75M beats by $5.72M