Ashford Hospitality Trust Q1 2024 FFO $(0.35) Misses $(0.21) Estimate, Sales $303.896M Miss $312.933M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ashford Hospitality Trust (AHT) reported Q1 2024 FFO of $(0.35) per share, missing the $(0.21) estimate, and sales of $303.896M, below the $312.933M estimate. This represents a 7.60% decrease in sales compared to the same period last year.
May 07, 2024 | 8:29 pm
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NEGATIVE IMPACT
Ashford Hospitality Trust reported a significant miss in both FFO per share and sales for Q1 2024, with a notable year-over-year decrease in sales.
Missing both the FFO per share and sales estimates significantly, especially with a notable decrease in sales compared to the previous year, is likely to negatively impact investor sentiment and potentially the stock price of AHT in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100