Ashford Hospitality Trust Preliminary Q4 EPS $(0.93)-$(0.87); FY23 EPS $(5.64)-$(5.58); January Comparable RevPAR Increased 1.5% YoY
Portfolio Pulse from Benzinga Newsdesk
Ashford Hospitality Trust, Inc. (AHT) announced preliminary Q4 and FY23 financial results, including a net loss range of $(32.3) million to $(30.3) million for Q4 and $(194.7) million to $(192.7) million for FY23. The company also reported a slight increase in January Comparable RevPAR by 1.5% YoY. Adjusted EBITDAre and Adjusted FFO figures were also provided, with final Q4 results to be released on February 28, 2024.
February 15, 2024 | 1:34 pm
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NEGATIVE IMPACT
Ashford Hospitality Trust reported preliminary Q4 and FY23 losses, with a slight increase in January Comparable RevPAR by 1.5% YoY.
The reported preliminary losses for both Q4 and FY23 are likely to negatively impact investor sentiment in the short term. However, the slight increase in January Comparable RevPAR indicates some positive momentum in revenue, which might mitigate the negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100