Ashford Hospitality Trust Reports Preliminary Estimated Range Of Net Income ~$66.4M-$68.4M Or $0.59-$0.61 Per Share; EBITDAre Of $58.5M-$60.5M; Adj FFO $(14.7M)-$(12.7M) For Q1 Ended March 31, 2024. Final Results For Q1 Will Be Released On May 7, 2024
Portfolio Pulse from Benzinga Newsdesk
Ashford Hospitality Trust, Inc. (AHT) announced preliminary Q1 2024 financial results, expecting net income of $66.4M-$68.4M, or $0.59-$0.61 per share, and Adjusted EBITDAre of $58.5M-$60.5M. However, Adjusted FFO is projected to be negative, ranging from $(14.7)M to $(12.7)M. Final Q1 results will be released on May 7, 2024. The company emphasizes the use of non-GAAP measures alongside GAAP presentations for a better understanding of operational results.
April 30, 2024 | 10:48 pm
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NEUTRAL IMPACT
Ashford Hospitality Trust expects Q1 2024 net income of $66.4M-$68.4M and Adjusted EBITDAre of $58.5M-$60.5M, but faces a negative Adjusted FFO of $(14.7)M-$(12.7)M.
The positive net income and Adjusted EBITDAre figures suggest operational strength, which could be favorable for investor sentiment. However, the negative Adjusted FFO indicates potential challenges in financial flexibility or cash flow, which could temper investor enthusiasm. The mixed nature of these preliminary results suggests a neutral short-term impact on AHT's stock price, as positive and negative factors may balance each other out.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100