{"id":528663,"date":"2021-08-16T19:48:13","date_gmt":"2021-08-16T23:48:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\/"},"modified":"2021-08-16T19:48:13","modified_gmt":"2021-08-16T23:48:13","slug":"ashford-hospitality-trust-provides-update-on-recent-operating-performance","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\/","title":{"rendered":"Ashford Hospitality Trust Provides Update On Recent Operating Performance"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">DALLAS<\/span>, <span class=\"xn-chron\">Aug. 16, 2021<\/span> \/PRNewswire\/ &#8212; Ashford Hospitality Trust, Inc. (NYSE: AHT) (&#8220;Ashford Trust&#8221; or the &#8220;Company&#8221;) announced today its preliminary operating results for the month of July.\u00a0 For the month of July, Comparable Hotel Net Income was <span class=\"xn-money\">$7.9 million<\/span>. Comparable Hotel EBITDA for the month of July was <span class=\"xn-money\">$26.4 million<\/span>, a 27% increase over June&#8217;s Comparable Hotel EBITDA of <span class=\"xn-money\">$20.8 million<\/span>.\u00a0 The Company&#8217;s current monthly run-rate for cash interest expense is approximately <span class=\"xn-money\">$11 million<\/span> and its current monthly run-rate for corporate G&amp;A and advisory expense is approximately <span class=\"xn-money\">$4 million<\/span>.<\/p>\n<p>Additionally, as of <span class=\"xn-chron\">June 30, 2021<\/span> the Company had net working capital of <span class=\"xn-money\">$531 million<\/span>, which equates to approximately <span class=\"xn-money\">$18.32<\/span> per share based on the current fully diluted share count.\u00a0 This compares to the closing price of the Company&#8217;s common stock as of <span class=\"xn-chron\">August 16, 2021<\/span> of <span class=\"xn-money\">$13.50<\/span>.<\/p>\n<p>&#8220;We are pleased to report these strong results for the month of July and are excited about the positive momentum we saw in the operating performance of our diverse portfolio, which was driven by strong leisure and transient demand,&#8221; commented <span class=\"xn-person\">Rob Hays<\/span>, Ashford Trust&#8217;s President and Chief Executive Officer. &#8220;Our Hotel EBITDA performance for July exceeded our own internal estimates. Additionally, we continue to see our stock trade at a significant discount to our cash value per share and do not believe this reflects the intrinsic value of our high-quality portfolio.&#8221; <\/p>\n<p>We use certain non-GAAP measures, in addition to the required GAAP presentations, as we believe these measures improve the understanding of our operational results and make comparisons of operating results among peer real estate investment trusts more meaningful. Non-GAAP financial measures, which should not be relied upon as a substitute for GAAP measures, used in this press release are Hotel EBITDA. Please refer to our most recently filed Annual Report on Form 10-K for a more detailed description of how these non-GAAP measures are calculated. The reconciliations of non-GAAP measures to the closest GAAP measures are provided below and provide further details of our results for the period being reported. <\/p>\n<p>The following tables are reconciliations of the Company&#8217;s Hotel EBITDA for the months of <span class=\"xn-chron\">July 2021<\/span> and <span class=\"xn-chron\">June 2021<\/span>: <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td colspan=\"8\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>ASHFORD HOSPITALITY TRUST, INC. AND SUBSIDIARIES<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>RECONCILIATION OF NET INCOME (LOSS) TO HOTEL EBITDA<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(in millions)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(unaudited)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>July 2021<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prnsbt1 prnsbr1 prnvab prnsbb1 prntac prnpl6 prnsbl1 prnpr8\">\n              \n            <\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>June 2021<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net income (loss)<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7.9<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prnsbts prnsbr1 prnvab prnsbb1 prntar prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(1.1)<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Non-property adjustments<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u2014<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.1<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Interest expense<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.5<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.6<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Amortization of loan cost<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.1<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.1<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Depreciation and amortization<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">17.6<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">18.6<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Income tax expense (benefit)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u2014<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.1<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Non-hotel EBITDA ownership expense<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.3<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2.4<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Hotel EBITDA<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">26.4<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">20.8<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p>Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.<\/p>\n<p>Follow CEO <span class=\"xn-person\">Rob Hays<\/span> on Twitter at <a href=\"https:\/\/twitter.com\/aht_rob\" rel=\"nofollow\">https:\/\/twitter.com\/aht_rob<\/a> or @aht_rob.<\/p>\n<p>The preliminary estimated results for the month ended <span class=\"xn-chron\">July 31, 2021<\/span> included in this release, which are the responsibility of management, were prepared by the Company&#8217;s management in connection with the preparation of the Company&#8217;s financial statements and are based upon preliminary hotel operating results and a number of subjective judgements and assumptions. Additional items that may require adjustments to the Company&#8217;s preliminary estimated financial information may be identified and could result in material changes to the Company&#8217;s preliminary estimated results. The Company&#8217;s closing procedures for the month ended <span class=\"xn-chron\">July 31, 2021<\/span> are not yet complete and, as a result, the Company&#8217;s final results upon completion of the closing procedures may vary from the preliminary estimates set forth above. The Company&#8217;s independent registered public accounting firm, BDO <span class=\"xn-location\">USA<\/span>, LLP, has not audited, reviewed, compiled or performed any procedures with respect to the preliminary estimated financial information, nor have they expressed any opinion or any other form of assurance on such information or its achievability, and assume no responsibility for, and disclaim any association with, such preliminary estimated financial information. Further, these preliminary estimated results are not a comprehensive statement or estimate of the Company&#8217;s financial condition or operating results for the month ended <span class=\"xn-chron\">July 31, 2021<\/span>. These preliminary estimated results should not be viewed as a substitute for complete quarterly financial statements prepared in accordance with generally accepted accounting principles (&#8220;GAAP&#8221;) or as a measure of the Company&#8217;s performance. In addition, the preliminary estimated financial information is not necessarily indicative of the results to be achieved for any future period. Accordingly, investors are cautioned not to place undue reliance on this preliminary estimated financial information. See the information below under the heading &#8220;Forward-Looking Statements&#8221; and &#8220;Risk Factors&#8221; and &#8220;Management&#8217;s Discussion of Financial Condition and Results of Operations&#8221; in the Company&#8217;s Annual Report on Form 10-K for the year ended <span class=\"xn-chron\">December 31, 2020<\/span>.<\/p>\n<p>\n        <b><br \/>\n          <i>Forward-Looking Statements<\/i><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <i>Certain statements and assumptions in this press release contain or are based upon &#8220;forward-looking&#8221; information and are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include, among others, statements about the Company&#8217;s strategy and future plans. These forward-looking statements are subject to risks and uncertainties. When we use the words &#8220;will likely result,&#8221; &#8220;may,&#8221; &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;believe,&#8221; &#8220;intend,&#8221; or similar expressions, we intend to identify forward-looking statements. Such statements are subject to numerous assumptions and uncertainties, many of which are outside Ashford Trust&#8217;s control.<\/i>\n      <\/p>\n<p>\n        <i>These forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated, including, without limitation: the impact of COVID-19, and the rate of adoption and efficacy of vaccines to prevent COVID-19, on our business and investment strategy; the timing and outcome of the Securities and Exchange Commission&#8217;s investigation; our ability to regain S-3 eligibility; our ability to repay, refinance, or restructure our debt and the debt of certain of our subsidiaries; anticipated or expected purchases or sales of assets; our projected operating results; completion of any pending transactions; our understanding of our competition; market trends; projected capital expenditures; the impact of technology on our operations and business; general volatility of the capital markets and the market price of our common stock and preferred stock; availability, terms and deployment of capital; availability of qualified personnel; changes in our industry and the markets in which we operate, interest rates or the general economy; and the degree and nature of our competition. These and other risk factors are more fully discussed in Ashford Trust&#8217;s filings with the Securities and Exchange Commission.<\/i>\n      <\/p>\n<p>\n        <i>The forward-looking statements included in this press release are only made as of the date of this press release. Such forward-looking statements are based on our beliefs, assumptions, and expectations of our future performance taking into account all information currently known to us. These beliefs, assumptions, and expectations can change as a result of many potential events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations, plans, and other objectives may vary materially from those expressed in our forward-looking statements. You should carefully consider these risks when you make an investment decision concerning our securities. Investors should not place undue reliance on these forward-looking statements. The Company can give no assurance that these forward-looking statements will be attained or that any deviation will not occur. We are not obligated to publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations, or otherwise, except to the extent required by law.<\/i>\n      <\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL77150&amp;sd=2021-08-16\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/ashford-hospitality-trust-provides-update-on-recent-operating-performance-301356300.html\">https:\/\/www.prnewswire.com\/news-releases\/ashford-hospitality-trust-provides-update-on-recent-operating-performance-301356300.html<\/a><\/p>\n<p>SOURCE  Ashford Hospitality Trust, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CL77150&amp;Transmission_Id=202108161945PR_NEWS_USPR_____CL77150&amp;DateId=20210816\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire DALLAS, Aug. 16, 2021 \/PRNewswire\/ &#8212; Ashford Hospitality Trust, Inc. (NYSE: AHT) (&#8220;Ashford Trust&#8221; or the &#8220;Company&#8221;) announced today its preliminary operating results for the month of July.\u00a0 For the month of July, Comparable Hotel Net Income was $7.9 million. Comparable Hotel EBITDA for the month of July was $26.4 million, a 27% increase over June&#8217;s Comparable Hotel EBITDA of $20.8 million.\u00a0 The Company&#8217;s current monthly run-rate for cash interest expense is approximately $11 million and its current monthly run-rate for corporate G&amp;A and advisory expense is approximately $4 million. Additionally, as of June 30, 2021 the Company had net working capital of $531 million, which equates to approximately $18.32 per share based on the current fully diluted &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ashford Hospitality Trust Provides Update On Recent Operating Performance&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-528663","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ashford Hospitality Trust Provides Update On Recent Operating Performance - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ashford Hospitality Trust Provides Update On Recent Operating Performance - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire DALLAS, Aug. 16, 2021 \/PRNewswire\/ &#8212; Ashford Hospitality Trust, Inc. (NYSE: AHT) (&#8220;Ashford Trust&#8221; or the &#8220;Company&#8221;) announced today its preliminary operating results for the month of July.\u00a0 For the month of July, Comparable Hotel Net Income was $7.9 million. Comparable Hotel EBITDA for the month of July was $26.4 million, a 27% increase over June&#8217;s Comparable Hotel EBITDA of $20.8 million.\u00a0 The Company&#8217;s current monthly run-rate for cash interest expense is approximately $11 million and its current monthly run-rate for corporate G&amp;A and advisory expense is approximately $4 million. Additionally, as of June 30, 2021 the Company had net working capital of $531 million, which equates to approximately $18.32 per share based on the current fully diluted &hellip; Continue reading &quot;Ashford Hospitality Trust Provides Update On Recent Operating Performance&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-16T23:48:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL77150&amp;sd=2021-08-16\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ashford Hospitality Trust Provides Update On Recent Operating Performance\",\"datePublished\":\"2021-08-16T23:48:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\\\/\"},\"wordCount\":1214,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CL77150&amp;sd=2021-08-16\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\\\/\",\"name\":\"Ashford Hospitality Trust Provides Update On Recent Operating Performance - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\/","og_locale":"en_US","og_type":"article","og_title":"Ashford Hospitality Trust Provides Update On Recent Operating Performance - Market Newsdesk","og_description":"PR Newswire DALLAS, Aug. 16, 2021 \/PRNewswire\/ &#8212; Ashford Hospitality Trust, Inc. (NYSE: AHT) (&#8220;Ashford Trust&#8221; or the &#8220;Company&#8221;) announced today its preliminary operating results for the month of July.\u00a0 For the month of July, Comparable Hotel Net Income was $7.9 million. Comparable Hotel EBITDA for the month of July was $26.4 million, a 27% increase over June&#8217;s Comparable Hotel EBITDA of $20.8 million.\u00a0 The Company&#8217;s current monthly run-rate for cash interest expense is approximately $11 million and its current monthly run-rate for corporate G&amp;A and advisory expense is approximately $4 million. Additionally, as of June 30, 2021 the Company had net working capital of $531 million, which equates to approximately $18.32 per share based on the current fully diluted &hellip; Continue reading \"Ashford Hospitality Trust Provides Update On Recent Operating Performance\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\/","og_site_name":"Market Newsdesk","article_published_time":"2021-08-16T23:48:13+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL77150&amp;sd=2021-08-16","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Ashford Hospitality Trust Provides Update On Recent Operating Performance","datePublished":"2021-08-16T23:48:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\/"},"wordCount":1214,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL77150&amp;sd=2021-08-16","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ashford-hospitality-trust-provides-update-on-recent-operating-performance\/","name":"Ashford Hospitality Trust Provides Update On Recent Operating Performance - 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