Filing Flows › Ashford Hospitality Trust (AHT) › Q4 2024
Ashford Hospitality Trust (AHT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 21, 2025
Ashford Hospitality Trust (AHT) reported revenue of $275M for the fourth quarter 2024 (Q4 2024), -14% from a year earlier and -0.4% from the quarter before. Operating margin was -17.8%, net loss $129M (46.9% of revenue).
Ashford Hospitality Trust, Q4 2024: revenue $275M (-14% year over year), operating margin -17.8%, net loss $129M, operating cash flow $14.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $275M | -0.4% | -14% |
| Operating profit | −$49.0M | — | — |
| Net earnings | −$129M | — | — |
| Operating cash flow | $14.1M | 18× | — |
What changed
Revenue was $275.5M in Q4 2024, down 14% year over year and roughly flat from the previous quarter. Rooms was the largest line at 74% of revenue.
Operating costs exceeded revenue by $49.0M, an operating margin of -17.8%. Total costs grew 7% against a revenue fall of 14%. The fastest-growing cost line was Other operating costs (+65%). The quarter ended with a net loss of $129.1M, wider than the previous quarter's $59.1M loss. Minority interests bore $4.9M of it: to shareholders the quarter was a loss of $124.2M. Net interest and other expense of $82.5M was the main reason.
Operating cash flow was $14.1M. Non-cash charges added back $37.3M of depreciation and amortization and $566K of share-based compensation. Working capital and other items added $105.3M. Capital expenditures of $20.6M exceeded it, leaving free cash flow of −$6.5M.
Questions
What was Ashford Hospitality Trust's revenue in the fourth quarter 2024?
Ashford Hospitality Trust (AHT) reported revenue of $275M for the fourth quarter 2024 (Q4 2024), -14% from a year earlier and -0.4% from the quarter before.
Was Ashford Hospitality Trust profitable in the fourth quarter 2024?
Operating loss was $49.0M (-17.8% of revenue) and net loss $129M.