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Ashford Hospitality Trust, Inc. (AHT)

NYSE: AHT · Real Estate Investment Trusts · Dallas, TX · filing with the SEC since 2003
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Grade1.7
◀ Past 0.6● Present 1.6▶ Future 2.8
1 est.
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The grade of Ashford Hospitality Trust, Inc.

Nine metrics read from its own filings, by tense
Headline grade
1.7/10
◀ Past0.625% of the headline
● Present1.645% of the headline
▶ Future2.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

0.6/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
0.2/10

Has it survived what it has been through?

8 warning events since 2017; the latest 2026-02-18.

weight 45% of this tense · 2nd percentile among 174 sector filers · read for itself

From the record

Ashford Hospitality Trust, Inc.'s filings since 2017 show 8 warning events of 2 kinds: a debt default or acceleration notice (8-K item 2.04, 5 times, the latest 2026-02-18); a notice about its exchange listing (8-K item 3.01, 3 times, the latest 2024-09-26) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.0/10

What has it actually done, year after year?

-3.3% a year over 9 filed years; profitable in 0 of 9.

weight 33% of this tense · 10th percentile among 156 sector filers · read for its customers

From the record

Ashford Hospitality Trust, Inc.'s 9 filed years say what it did: revenue went from $1.4 billion in fiscal 2017 to $1.1 billion in fiscal 2025, down 3.3% a year; it rose in 4 of 8 years; the deepest fall was 66% from fiscal 2019 to fiscal 2020; net income was positive in 0 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-3.3%bottom 10% of its family
  • the share of years revenue rosebottom 13% of its family
  • the share of filed years with a profitbottom 2% of its family
  • the deepest fall from a revenue peak66.2%bottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
0.9/10

How has it treated the people who own it?

SI estimate 0.9/10, confidence 35 of 100 (one part).

weight 22% of this tense · 9th percentile among 169 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 9% of 169 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 169 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Ashford Hospitality Trust, Inc.'s shareholder treatment is put at 0.9 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 9% of 169 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

1.6/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
0.4/10

Is it financially healthy right now?

Leverage 122%: owes 122¢ per asset dollar.

weight 45% of this tense · 4th percentile among 171 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Ashford Hospitality Trust, Inc.'s shareholders' equity was below zero, so the profit on it is not read. Leverage: it owed about 122 cents per dollar of assets, and net share issuance: its share count grew 26.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 1% of its family
  • the share count against the year beforebottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.1/10

How strong is its position in its industry?

bottom 31% of 157 in its family; net margin -16.3%.

weight 33% of this tense · 31st percentile among 157 sector filers · read for its customers

From the record

Ashford Hospitality Trust, Inc.'s standing among 157 graded names in its industry family: revenue of $1.1 billion in fiscal 2025 ranks in the top 36% by size; a net margin of -16.3% ranks in the bottom 16%; revenue growth of -3.8% a year over the last 3 filed years ranks in the bottom 12% (its annual reports).

What it rests on

  • revenue against the family$1.10Btop 36% of its family
  • net margin-16.3%bottom 16% of its family
  • three-year revenue growth-3.8%bottom 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.0/10

What are the people in charge doing?

bottom 20% of 160 in its family for leadership; chief executive since 2024.

weight 22% of this tense · 20th percentile among 160 sector filers · read for its shareholders

From the record

Ashford Hospitality Trust, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Zsigray, Stephen (President & CEO, as filed), filing under that title since 2024-07-01, 2.4 years (bottom 15% of its family); the 4 officers and directors filing in the last fifteen months have been on the record a median of 7.4 years (bottom 44%); 14 officer or director changes were reported on Form 8-K since 2023-11-13, against the 4 people in charge now (bottom 1%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge14 in three years among 4 peoplebottom 1% of its family
  • the median years the people in charge have filed7.4 yearsbottom 44% of its family
  • the chief executive's years on the record2.4 yearsbottom 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

2.8/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
0.5/10

How much room does it have to grow?

bottom 5% of 146 in its family for room to expand.

weight 22% of this tense · 5th percentile among 146 sector filers · read for itself

From the record

Ashford Hospitality Trust, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $66 million against debt of $2.5 billion leaves -86.8% of its assets as net cash, bottom 1% of its family; cash from operations less capital spending is -1.4% of revenue (bottom 10%) (its annual report).

What it rests on

  • cash less debt against assets-86.8%bottom 1% of its family
  • cash from operations less capital spending against revenue-1.4%bottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.7/10

What could actually drive growth from here?

bottom 37% of 153 in its family for growth drivers.

weight 33% of this tense · 37th percentile among 153 sector filers · read for its customers

From the record

Ashford Hospitality Trust, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -3.8% a year over the last three filed years against -3.3% over all 9, slowing (top 45% of its family); the newest year grew -5.8% (bottom 19%) (its annual reports). Ashford Hospitality Trust, Inc. reported 4 product lines in fiscal 2025: Occupancy at $826 million (75%), Food and Beverage at $208 million (19%), Hotel Other at $70 million (6%), and 1 more; 1 of 4 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-0.6 points a yeartop 45% of its family
  • the newest year's revenue growth-5.8%bottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.2/10

Did its newest year beat what its own record pointed to?

bottom 32% of 150 in its family for expectations against reality.

weight 45% of this tense · 32nd percentile among 150 sector filers · read for its shareholders

From the record

Ashford Hospitality Trust, Inc.'s newest year against its own record: revenue of $1.1 billion in fiscal 2025 came in 3.1% below the $1.1 billion its prior three years' pace pointed to (bottom 44% of its family); net income of $180 million against a prior three-year average of $126 million (bottom 25%); a net margin of -16.3% against -9.8% before (bottom 26%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-3.1%bottom 44% of its family
  • net income against the prior three years' average-43%bottom 25% of its family
  • net margin against its prior average-6.5 pointsbottom 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton AHT · research, not advice