Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

ASHFORD HOSPITALITY TRUST, INC.

(AHT)
  Report
Real-time Estimate Cboe BZX  -  02:32 2022-12-09 pm EST
5.925 USD   +4.13%
11/15Deutsche Bank Adjusts Ashford Hospitality Trust Price Target to $26 From $28, Maintains Buy Rating
MT
11/14B. Riley Lowers Ashford Hospitality Trust's Price Target to $9 From $12 After Mixed Q3 Results, Keeps Neutral Rating
MT
11/08Ashford Hospitality Trust Inc : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Ashford Hospitality Trust : Company Presentation – September 2022

09/20/2022 | 06:20pm EST

September 2022

F o r w a r d L o o k i n g S t a t e m e n t s a n d N o n - G A A P M e a s u r e s

In keeping with the SEC's "Safe Harbor" guidelines, certain statements made during this presentation could be considered forward-looking and subject to certain risks and uncertainties that could cause results to differ materially from those projected. When we use the words "will likely result," "may," "anticipate," "estimate," "should," "expect," "believe," "intend," or similar expressions, we intend to identify forward-looking statements. Such forward-looking statements include, but are not limited to, our business and investment strategy, our understanding of our competition, current market trends and opportunities, projected operating results, and projected capital expenditures.

Certain statements and assumptions in this press release contain or are based upon "forward-looking" 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's strategy and future plans. These forward- looking statements are subject to risks and uncertainties. When we use the words "will likely result," "may," "anticipate," "estimate," "should," "expect," "believe," "intend," 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's control.

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; our ability to meet the NYSE continued listing standards; our ability to maintain 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's filings with the Securities and Exchange Commission.

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 this risk 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.

EBITDA is defined as net income before interest, taxes, depreciation and amortization. EBITDA yield is defined as trailing twelve month EBITDA divided by the purchase price or debt amount. A capitalization rate is determined by dividing the property's net operating income by the purchase price. Net operating income is the property's funds from operations minus a capital expense reserve of either 4% or 5% of gross revenues. Hotel EBITDA flow-through is the change in Hotel EBITDA divided by the change in total revenues. EBITDA, FFO, AFFO, CAD and other terms are non-GAAP measures, reconciliations of which have been provided in prior earnings releases and filings with the SEC or in the appendix to this presentation.

The calculation of implied equity value is derived from an estimated blended capitalization rate ("Cap Rate") for the entire portfolio using the capitalization rate method. The estimated Cap Rate is based on recent Cap Rates of publically traded peers involving a similar blend of asset types found in the portfolio, which is then applied to Net Operating Income ("NOI") of the company's assets to calculate a Total Enterprise Value ("TEV") of the company. From the TEV, we deduct debt and preferred equity and then add back working capital to derive an equity value. The capitalization rate method is one of several valuation methods for estimating asset value and implied equity value. Among the limitations of using the capitalization rate method for determining an implied equity value are that it does not take into account the potential change or variability in future cash flows, potential significant future capital expenditures, the intended hold period of the asset, or a change in the future risk profile of an asset.

This overview is for informational purposes only and is not an offer to sell, or a solicitation of an offer to buy or sell, any securities of Ashford Hospitality Trust, Inc. or any of its respective affiliates, and may not be relied upon in connection with the purchase or sale of any such security.

Our business has been and will continue to be materially adversely affected by the impact of COVID-19.

Prior to investing in Ashford Hospitality Trust, Inc. potential investors should carefully review Ashford Hospitality Trust, Inc.'s periodic filings made with the Securities and Exchange Commission, including but not limited to Ashford Hospitality Trust, Inc.'s most current Form 10-K, Form 10-Q and Form 8-K's, including the risk factors therein.

2

Capitalizing on the Recovery

O w n e r o f I n s t i t u t i o n a l Q u a l i t y , G e o g r a p h i c a l l y D i v e r s e L o d g i n g A s s e t s w i t h E x p o s u r e t o R e c o v e r y S e g m e n t s

W Atlanta Downtown

Marriott Beverly Hills

La Concha

Hilton Back Bay

Atlanta, GA

Beverly Hills, CA

Key West, FL

Boston, MA

One Ocean

La Posada

Renaissance Palm Springs

Marriott Crystal Gateway

Jacksonville, FL

Santa Fe, NM

Palm Springs, CA

Arlington, VA

Hyatt Coral Gables

The Churchill

Lakeway Resort and Spa

Hyatt Savannah

Coral Gables, FL

Washington, D.C.

Austin, TX

Savannah, GA

3

Overview

Significant Balance Sheet & Liquidity Enhancements

Portfolio Positioned for the Recovery

Clear Path Forward to Capitalize on the Recovery

4

Executive Management Team

P r o v e n E x p e r i e n c e

J . R o b i s o n H a y s

C h i e f E x e c u t i v e

O f f i c e r & P r e s i d e n t

D e r i c E u b a n k s

C h r i s t o p h e r N i x o n

C h i e f F i n a n c i a l

S V P & H e a d o f A s s e t

O f f i c e r

M a n a g e m e n t

  • 17 years of hospitality experience
  • 17 years with Ashford
  • 3 years of M&A experience at Dresser Inc. & Merrill Lynch
  • Princeton University, AB
  • 21 years of hospitality experience
  • 18 years with Ashford
  • 3 years with ClubCorp
  • CFA Charterholder
  • Southern Methodist University, BBA
  • 12 years of hospitality experience
  • 7 years with Ashford
  • Prior experience with the CIA and Northrop Grumman
  • University of Texas, BA
  • University of Maryland, MBA

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Ashford Hospitality Trust Inc. published this content on 20 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2022 22:19:07 UTC.


ę Publicnow 2022
All news about ASHFORD HOSPITALITY TRUST, INC.
11/15Deutsche Bank Adjusts Ashford Hospitality Trust Price Target to $26 From $28, Maintains..
MT
11/14B. Riley Lowers Ashford Hospitality Trust's Price Target to $9 From $12 After Mixed Q3 ..
MT
11/08Ashford Hospitality Trust Inc : Regulation FD Disclosure, Financial Statements and Exhibit..
AQ
11/07ASHFORD HOSPITALITY TRUST INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDIT..
AQ
11/07Oppenheimer Trims Ashford Hospitality Trust Price Target to $8 From $9, Maintains Perfo..
MT
11/02Ashford Hospitality Trust : Third Quarter 2022 Conference Call November 2, 2022 10 a.m. CT..
PU
11/02Ashford Hospitality Trust Inc : Regulation FD Disclosure, Financial Statements and Exhibit..
AQ
11/02Ashford trust reports third quarter 2022 results
AQ
11/02Transcript : Ashford Hospitality Trust, Inc., Q3 2022 Earnings Call, Nov 02, ..
CI
11/01Ashford Hospitality Trust : Q3 Earnings Snapshot
AQ
More news
Analyst Recommendations on ASHFORD HOSPITALITY TRUST, INC.
More recommendations
Financials (USD)
Sales 2022 1 227 M - -
Net income 2022 -124 M - -
Net Debt 2022 3 344 M - -
P/E ratio 2022 -1,71x
Yield 2022 -
Capitalization 196 M 196 M -
EV / Sales 2022 2,89x
EV / Sales 2023 2,73x
Nbr of Employees 108
Free-Float 92,0%
Chart ASHFORD HOSPITALITY TRUST, INC.
Duration : Period :
Ashford Hospitality Trust, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ASHFORD HOSPITALITY TRUST, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 5,69 $
Average target price 12,75 $
Spread / Average Target 124%
EPS Revisions
Managers and Directors
James Robison Hays President, Chief Executive Officer & Director
Deric S. Eubanks Vice President-Investments
Montgomery Jack Bennett Chairman
Benjamin J. Ansell Independent Director
Kamal Jafarnia Independent Director