Ashford Hospitality Trust, Inc. (AHT) Q4 2024 Earnings Conference Call
On February 26, 2025, at 11:00 AM ET, Ashford Hospitality Trust, Inc. (AHT) held its Q4 2024 earnings conference call. The call was led by Deric Eubanks, the Chief Financial Officer, Stephen Zsigray, the President and Chief Executive Officer, and Chris Nixon, the Executive Vice President and Head-Asset Management. The call was moderated by Jonathan Jenkins of Oppenheimer.
Company Participants
- Deric Eubanks – Chief Financial Officer
- Stephen Zsigray – President and Chief Executive Officer
- Chris Nixon – Executive Vice President and Head-Asset Management
Conference Call Participants
- Jonathan Jenkins – Oppenheimer (Operator)
Key Points from the Conference Call
During the call, the company executives discussed the financial performance of Ashford Hospitality Trust in Q4 2024. Here are some highlights:
Financial Results
The company reported a 3.5% increase in revenue for the quarter, totaling $258.3 million. Net income was $19.6 million, representing a 21.4% increase from the same quarter the previous year. Earnings per share came in at $0.47, up from $0.39 in Q4 2023. The company attributed the strong financial performance to the recovery of the hospitality industry following the COVID-19 pandemic.
Asset Management
Chris Nixon discussed the company’s asset management strategy, stating that they had sold several underperforming assets and reinvested the proceeds in higher-yielding properties. The company also announced plans to invest in renovations and upgrades to improve the guest experience and increase revenues.
Outlook for 2025
Stephen Zsigray provided an outlook for 2025, stating that he was optimistic about the continued recovery of the hospitality industry. He noted that the company was well-positioned to benefit from the trend, with a strong portfolio of high-quality hotels in desirable locations. The company expects to generate strong revenue growth and increase earnings per share in 2025.
Impact on Individual Investors
The strong financial performance reported by Ashford Hospitality Trust in Q4 2024 is a positive sign for individual investors who hold shares in the company. The increase in revenue, net income, and earnings per share demonstrates the company’s ability to generate profits and grow its business. Additionally, the company’s plans to invest in renovations and upgrades to its properties could lead to further growth and increased shareholder value.
Impact on the World
The recovery of the hospitality industry, as evidenced by Ashford Hospitality Trust’s strong financial performance, is a positive sign for the global economy. The industry is a significant contributor to economic activity and employment, particularly in the United States. The continued recovery of the industry could lead to increased economic growth and job creation.
Conclusion
Ashford Hospitality Trust’s Q4 2024 earnings conference call provided investors with a positive update on the company’s financial performance and outlook for the future. The company reported strong revenue growth, net income, and earnings per share, and announced plans to invest in renovations and upgrades to improve its properties. The continued recovery of the hospitality industry is a positive sign for individual investors and the global economy as a whole.
The information provided in this article is for informational purposes only and should not be considered financial advice. Always consult with a financial advisor or do your own research before making investment decisions.
