Ashford Hospitality Trust Inc Common Stock (AHT)

FairStock Score: 32/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach this as a hotel REIT where reported earnings are distorted by depreciation, so FFO and AFFO matter most; unfortunately, those are not in the data. The filed record is not encouraging. In fiscal 2023, the year ended 2023-12-31, revenue was $1.4B and net income was -$178.5M. In fiscal 2024, revenue was $1.2B and net income was -$60.3M. In fiscal 2025, revenue was $1.1B and net income was -$179.8M. The top line is shrinking. Fiscal Q2 2026, the quarter ended 2026-06-30, did show revenue of $273.2M and net income of $128.0M, but fiscal Q1 2026, ended 2026-03-31, had a -$63.8M net loss, so one good quarter does not prove a trend. FairStock's calculations as of the 2026-10-13 close show a negative P/E of -0.08, an EV/EBITDA of 5.51, an FCF yield of 122.2%, a Piotroski F-Score of 7/9, and an Altman Z-Score of -1.43. The FCF yield looks striking, but the Altman score signals distress, and P/B and D/E are not available. The 0% dividend yield is another red flag for a REIT. Hotels are commodity-like and capital-intensive; scale may help, but I see no durable moat. The Lynch category is none because of four straight loss years. At $1.91, the price may be discounting real trouble rather than offering a safe bargain. I would want FFO/AFFO, leverage, and debt maturities before calling this a bargain.

In plain English: Ashford Hospitality Trust owns upscale and full-service hotels in the United States. The company has mostly lost money in recent years, revenue has been shrinking, and one recent quarter did show a profit, but the overall business still looks weak. At $1.91, the price looks very cheap compared with the cash it produces, but the losses and small market value make it hard to call it a safe bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer