Ashford Hospitality Trust Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags
Ashford Hospitality Trust (NYSE:AHT) Full Year 2022 Results
Key Financial Results
Revenue: US$1.24b (up 54% from FY 2021).
Funds from operations (FFO): US$47.1m (up from US$53.6m loss in FY 2021).
FFO margin: 3.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue.
FFO per share: US$1.4 (up from US$2.48 loss in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ashford Hospitality Trust Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the REITs industry in the US.
Performance of the American REITs industry.
The company's shares are down 19% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 4 warning signs for Ashford Hospitality Trust (2 can't be ignored!) that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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