Ashford Hospitality Trust, Inc. Financial Ratios — AHT Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	0.06	-1.52	-1.34	-1.15	7.01	-0.94	-1.4	-2.71	-2.42	-12.91	-6.82	-3.49	-4.84	-1.82	-6
Return on Capital (%)	5.81	- -	- -	- -	19.79	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	2.04	- -	- -	- -	4.34	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	30.46	31.13	31.72	30.8	29.05	28.54	28.15	26.75	26.77	-11.05	13.46	23.18	23.62	19.99	20.58
EBITDA Margin (%)	25.64	26.66	26.13	23.63	27.97	27.97	27.21	25.97	26.02	-16.63	11.47	22.39	22.42	17.87	18.59
Operating Margin (%)	10.02	11.82	12.51	9.67	12.24	11.63	10.09	7.92	8.13	-66.3	-15.72	6.12	8.7	4.86	5.9
Incremental Operating Margin (%)	23.46	37.67	44.69	28.1	16.01	6.4	53.86	375.32	12.35	- -	- -	46.52	33.95	31.78	-12.13
Pretax Margin (%)	1.09	-6.13	-5	-5.09	23.23	-3.84	-6.32	-10.73	-9.41	-124.85	-32.91	-10.86	-13.15	-5.46	-17.05
Profit Margin (%)	0.25	-5.85	-4.39	-3.95	20.27	-3.1	-4.66	-8.87	-7.56	-107.01	-33.15	-11.27	-13.05	-5.14	-16.28
Net Income to Common Margin (%)	-5.21	-9.52	-8.01	-8.22	17.72	-5.53	-7.77	-11.85	-10.4	-113.33	-33.18	-12.35	-14.41	-7.33	-19.47
Effective Tax Rate (%)	17.27	- -	- -	- -	1.52	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	-15.53	-37.39	-50.02	-62.37	18.65	-51.32	-36.6	-24.04	-20.36	0.46	-6.67	0.62	1.81	5.48	4.84
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	2,362	2,339	1,819	1,943	3,841	3,724	3,696	3,927	4,160	3,774	3,933	3,902	3,104	2,692	2,588
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	2,362	2,339	1,819	1,943	3,841	3,724	3,696	3,927	4,160	3,774	3,933	3,902	3,104	2,692	2,588
Total Debt/EBITDA	10.72	9.54	7.41	10.35	10.27	8.92	9.44	10.57	10.64	-44.66	42.58	14.04	10.12	12.84	12.6
Net Debt/EBITDA	9.96	8.78	6.88	9.2	9.7	8.09	8.53	9.71	9.83	-43.03	35.68	12.31	9.38	12.01	11.98
Total Debt/EBIT	27.41	21.53	15.47	25.27	23.46	21.45	25.46	34.65	34.03	-11.2	-31.06	51.37	26.1	47.26	39.69
Net Debt/EBIT	25.46	19.82	14.38	22.47	22.15	19.45	23.02	31.83	31.45	-10.79	-26.03	45.05	24.17	44.18	37.73
EBITDA to Interest Expense	1.61	1.7	1.74	1.64	1.99	1.86	1.76	1.57	1.49	-0.34	0.59	1.22	0.84	0.66	0.7
EBITDA-CapEx/Interest Expense	1.11	1.13	1.74	1.64	1.99	1.86	1.76	1.57	1.49	-0.34	0.59	1.22	0.84	0.66	0.7
EBIT to Interest Expense	0.63	0.75	0.83	0.67	0.87	0.78	0.65	0.48	0.47	-1.36	-0.81	0.33	0.32	0.18	0.22
Interest Expense	137	144	141	115	188	224	223	237	262	247	156	227	366	319	295
Common Equity/Total Assets	-16.94	-22.2	-33.43	-37.88	-15.84	-19.89	-24.68	-29.07	-33.21	-56.05	-58.14	-64.68	-78.83	-88.95	-106.87
Long-Term Debt/Equity (%)	214.26	234.3	241.55	273.87	412.83	402.48	493.32	735.65	1,226.58	- -	19,578.49	- -	- -	- -	- -
Long-Term Debt/Capital (%)	125.41	134.69	171.67	181.31	121.01	129.1	138.93	148.38	155.65	221.46	250.01	280.32	625.09	3,081.6	-1,383.56
Long-Term Debt/Total Assets (%)	65.81	67.52	67.95	70.15	77.35	76.12	79.15	83.81	88.67	101.07	95.97	99.61	89.66	85.15	91.34
Total Debt/Equity (%)	214.26	234.3	241.55	273.87	412.83	402.48	493.32	735.65	1,226.58	-1,448.81	19,578.49	-3,077.55	-1,384.09	-1,270.93	-693.43
Total Debt/Capital (%)	125.41	134.69	171.68	181.31	121.01	129.1	138.93	148.38	155.65	221.46	250.01	280.32	625.09	3,081.6	-1,383.56
Total Debt/Total Assets (%)	65.81	67.52	67.95	70.15	77.35	76.12	79.15	83.81	88.67	101.07	95.97	99.61	89.66	85.15	91.34
Net Debt to Equity	199.06	215.68	224.44	243.56	389.72	364.97	445.97	675.86	1,133.43	-1,395.76	16,406.37	-2,698.52	-1,282.22	-1,188.17	-659.21
Net Debt/Capital (%)	127.89	138.85	181.59	201.72	122.54	133.08	144.92	155.01	159.51	225.65	335.95	350.94	867.84	-9,844.61	-971.7
EBITDA	220	245	246	188	374	417	392	372	391	-85	92	278	307	210	205
EBITDA-CapEx	153	164	246	188	373	417	391	371	391	-85	92	278	306	209	205
Operating Income (Loss)	86	109	118	77	164	174	145	113	122	-337	-127	76	119	57	65

Liquidity (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	1.62	1.95	1.71	2.66	1.35	1.92	2.01	1.79	1.69	0.44	4.29	3.07	0.85	0.34	0.21
Current Ratio	3.56	3.74	3.27	3.97	2.84	3.09	3.17	2.86	3.08	1.1	5.71	4.89	2.13	2.25	2.15
Quick Ratio	2.61	2.84	2.5	3.06	1.77	2.2	2.33	2.1	2.1	0.65	4.87	3.7	1.23	1.65	1.59
CFO/Avg Current Liab	0.57	1.24	1.45	1.13	1.54	0.98	1.04	0.95	1	-0.79	-0.82	0.29	0.09	-0.09	-0.05
Common Equity/Total Assets	-16.94	-22.2	-33.43	-37.88	-15.84	-19.89	-24.68	-29.07	-33.21	-56.05	-58.14	-64.68	-78.83	-88.95	-106.87
Long-Term Debt/Equity (%)	214.26	234.3	241.55	273.87	412.83	402.48	493.32	735.65	1,226.58	- -	19,578.49	- -	- -	- -	- -
Long-Term Debt/Capital (%)	125.41	134.69	171.67	181.31	121.01	129.1	138.93	148.38	155.65	221.46	250.01	280.32	625.09	3,081.6	-1,383.56
Long-Term Debt/Total Assets (%)	65.81	67.52	67.95	70.15	77.35	76.12	79.15	83.81	88.67	101.07	95.97	99.61	89.66	85.15	91.34
Total Debt/Equity (%)	214.26	234.3	241.55	273.87	412.83	402.48	493.32	735.65	1,226.58	-1,448.81	19,578.49	-3,077.55	-1,384.09	-1,270.93	-693.43
Total Debt/Capital (%)	125.41	134.69	171.68	181.31	121.01	129.1	138.93	148.38	155.65	221.46	250.01	280.32	625.09	3,081.6	-1,383.56
Total Debt/Total Assets (%)	65.81	67.52	67.95	70.15	77.35	76.12	79.15	83.81	88.67	101.07	95.97	99.61	89.66	85.15	91.34
CFO/Total Liabilities	3	5.3	7.56	5.4	5.05	4.53	5.29	4.37	4.07	-3.74	-3.54	0.97	0.39	-0.7	-0.49
CFO/CapEx	1.1	1.6	- -	535.19	358.41	5,990.77	921.7	551.85	373.07	- -	-1,602.09	- -	24.02	-117.96	- -
Altman's Z-Score	0.24	0.26	0.29	0.23	0.32	0.36	0.27	0.12	0.07	-0.93	-0.5	-0.34	-0.51	-0.65	-0.88

Working Capital (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	31.38	29.46	33.02	35.97	42.55	35.08	32.38	35.19	39.19	16.56	27.08	28.35	28.69	28.91	32.32
Days Sales Outstanding	11.63	12.39	11.05	10.15	8.58	10.41	11.27	10.37	9.31	22.05	13.48	12.87	12.72	12.62	11.29
Inventory Turnover	226.52	282.62	316.23	271.63	274.39	228.31	235.71	247.53	256.81	166.17	242.95	266.75	277.26	256.65	242.66
Days Inventory Outstanding	1.61	1.29	1.15	1.34	1.33	1.6	1.55	1.47	1.42	2.2	1.5	1.37	1.32	1.42	1.5
Accounts Payable Turnover	7.21	7.6	8.28	7.76	9.78	8.51	7.97	7.79	8.43	5.02	6.41	8.17	8.52	7.03	6.71
Accounts Payable Turnover Days	50.64	48.02	44.1	47.03	37.33	42.88	45.79	46.87	43.28	72.73	56.91	44.7	42.86	51.91	54.37
Cash Conversion Cycle	-37.4	-34.34	-31.89	-35.54	-27.42	-30.87	-32.97	-35.02	-32.54	-48.49	-41.93	-30.46	-28.82	-37.87	-41.57
Inventory to Cash Days	10.02	11.1	9.9	8.8	7.25	8.81	9.72	8.9	7.89	19.85	11.98	11.51	11.41	11.2	9.79
Inventories	2	2	2	2	5	5	4	4	4	2	3	4	4	4	4
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	2	2	2	2	5	5	4	4	4	2	3	4	4	4	4

Enterprise Value (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	292	418	541	846	600	723	633	384	279	41	208	153	67	34	25
- Cash & Cash Equivalents	168	186	129	215	215	347	355	319	263	93	592	417	165	113	66
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	85	172	217
+ Minority/Non Controlling Interest	129	167	135	178	119	134	117	81	70	23	23	22	37	36	36
+ Total Debt	2,362	2,339	1,819	1,943	3,841	3,724	3,696	3,927	4,160	3,774	3,933	3,902	3,104	2,692	2,588
Enterprise Value	2,616	2,715	2,337	2,689	4,345	4,180	4,064	4,052	4,232	3,745	3,571	3,662	3,128	2,820	2,801
Total Capital	1,884	1,737	1,060	1,072	3,174	2,884	2,661	2,647	2,672	1,704	1,573	1,392	497	87	-187
Total Debt/Capital (%)	125.41	134.69	171.68	181.31	121.01	129.1	138.93	148.38	155.65	221.46	250.01	280.32	625.09	3,081.6	-1,383.56
Total Debt / EV	0.9	0.86	0.78	0.72	0.88	0.89	0.91	0.97	0.98	1.01	1.1	1.07	0.99	0.95	0.92
EV/Sales	3.04	2.95	2.49	3.38	3.25	2.8	2.82	2.83	2.82	7.37	4.43	2.95	2.29	2.41	2.54
EV/EBITDA	11.87	11.07	9.52	14.31	11.62	10.02	10.38	10.91	10.82	- -	38.66	13.18	10.2	13.46	13.64
EV/EBIT	30.35	24.98	19.88	34.96	26.54	24.08	28	35.75	34.62	- -	- -	48.21	26.29	49.51	42.95
EV/Cash Flow to Firm	13.91	9.66	8.03	11.72	11.19	10.2	9.57	9.59	9.59	38.48	231.39	13.23	8.18	9.39	10.02
EV/Free Cash Flow to Firm	10.22	7.49	8.03	11.71	11.17	10.2	9.57	9.58	9.58	38.48	230.05	13.23	8.17	9.38	10.02
Diluted Market Cap	292	418	541	846	716	723	633	384	279	41	210	153	67	34	25
Diluted Enterprise Value	2,616	2,739	2,367	2,752	4,461	4,234	4,091	4,074	4,246	3,745	3,573	3,662	3,128	2,820	2,801
EV per Share	42,230.54	40,201.26	31,095.65	30,683.79	45,121.32	44,271.7	42,687.07	41,651.84	42,386.15	23,771.21	1,651.43	1,066.47	905.95	599.25	468.81
TTM Sales	860	920	940	795	1,337	1,492	1,439	1,431	1,503	508	805	1,241	1,368	1,172	1,104
TTM EBITDA	220	245	246	188	374	417	392	372	391	-85	92	278	307	210	205
TTM Operating Income	86	109	118	77	164	174	145	113	122	-337	-127	76	119	57	65
TTM Cash Flow to Firm	188	281	291	229	388	410	425	423	441	97	15	277	382	300	279
TTM Free Cash Flow to Firm	256	362	291	230	389	410	425	423	442	97	16	277	383	301	279

Multiples (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	2.05	1.97	3.72	7.58	3.51	4.02	3.05	2.11	1.57	-0.27	-1.46	3.91	4.47	-1.45	-1.62
EV/EBIT	30.35	24.98	19.88	34.96	26.54	24.08	28	35.75	34.62	- -	- -	48.21	26.29	49.51	42.95
Enterprise Value	2,616	2,715	2,337	2,689	4,345	4,180	4,064	4,052	4,232	3,745	3,571	3,662	3,128	2,820	2,801
Low Price	3,495.32	4,320.53	6,082.93	7,067.76	5,775.15	4,096.9	5,607.32	3,800.74	2,300.19	127	92.73	40.9	18	5.2	2.9
EV/Sales	3.04	2.95	2.49	3.38	3.25	2.8	2.82	2.83	2.82	7.37	4.43	2.95	2.29	2.41	2.54
EV/EBITDA	11.87	11.07	9.52	14.31	11.62	10.02	10.38	10.91	10.82	- -	38.66	13.18	10.2	13.46	13.64
Price/Earnings	- -	- -	- -	- -	2.53	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	-8.08	-3.92	-7.2	-12.48	3.27	-6.71	-5.54	-3.61	-2.4	-0.24	-1.94	-1.74	-0.62	-0.61	-0.17
Price/Earnings High	-11.68	-4.87	-8.4	-14.02	4.14	-8.93	-6.92	-4.91	-3.72	-0.78	-6.3	-2.71	-1.32	-1.14	-0.29
Price/Earnings Low	-4.84	-3.33	-6.08	-9.47	2.35	-4.69	-4.78	-2.18	-1.47	-0.03	-0.75	-0.92	-0.32	-0.28	-0.08
Price/Book Value	-0.48	-0.54	-0.6	-0.81	-0.76	-0.74	-0.55	-0.28	-0.18	-0.02	-0.09	-0.06	-0.02	-0.01	-0.01
Price/Book Value Average	-0.59	-0.45	-0.61	-0.78	-0.98	-0.57	-0.54	-0.45	-0.24	-0.06	-0.22	-0.11	-0.04	-0.02	-0.01
Price/Book Value High	-0.86	-0.55	-0.71	-0.87	-1.25	-0.76	-0.67	-0.61	-0.37	-0.21	-0.71	-0.16	-0.1	-0.03	-0.02
Price/Book Value Low	-0.36	-0.38	-0.51	-0.59	-0.71	-0.4	-0.46	-0.27	-0.15	-0.01	-0.08	-0.06	-0.02	-0.01	-0.01
Price/Tangible Book Value	0.27	0.42	0.72	1.19	0.65	0.79	0.86	0.73	0.82	-0.16	10.8	-1.18	-0.22	-0.09	-0.04
Price/Tangible Book Value Average	0.33	0.35	0.72	1.15	0.84	0.61	0.84	1.17	1.11	-0.52	26.92	-2.05	-0.39	-0.14	-0.06
Price/Tangible Book Value High	0.48	0.43	0.84	1.29	1.07	0.81	1.05	1.59	1.72	-1.71	87.62	-3.2	-0.84	-0.25	-0.1
Price/Tangible Book Value Low	0.2	0.29	0.61	0.87	0.61	0.42	0.72	0.71	0.68	-0.08	10.43	-1.08	-0.2	-0.06	-0.03
Price/Sales	0.34	0.45	0.58	1.06	0.45	0.48	0.44	0.27	0.19	0.08	0.26	0.12	0.05	0.03	0.02
Price/Sales Average	0.42	0.37	0.58	1.03	0.58	0.37	0.43	0.43	0.25	0.27	0.64	0.21	0.09	0.04	0.03
Price/Sales High	0.61	0.46	0.67	1.15	0.73	0.49	0.54	0.58	0.39	0.88	2.09	0.33	0.19	0.08	0.06
Price/Sales Low	0.25	0.32	0.49	0.78	0.42	0.26	0.37	0.26	0.15	0.04	0.25	0.11	0.05	0.02	0.02
Price/Cash Flow	3.92	3.2	3.72	7.6	2.95	4.02	3.05	2.12	1.57	-0.27	-1.44	3.91	4.65	-1.43	-1.62
Price/Cash Flow Average	4.85	2.63	3.73	7.33	3.8	3.08	2.99	3.37	2.12	-0.91	-3.59	6.78	8.46	-2.2	-2.35
Price/Cash Flow High	7.01	3.27	4.34	8.23	4.81	4.1	3.73	4.58	3.28	-2.99	-11.68	10.58	18.04	-4.15	-3.95
Price/Cash Flow Low	2.9	2.23	3.14	5.56	2.73	2.15	2.57	2.04	1.3	-0.13	-1.39	3.58	4.32	-1.04	-1.11
Price/Free Cash Flow Average	2.54	1.62	3.73	7.31	4.52	3.08	2.98	3.37	2.11	-0.91	-3.63	6.78	8.13	-2.22	-2.35
Price/Free Cash Flow High	3.67	2.01	4.34	8.22	5.73	4.1	3.73	4.57	3.27	-2.99	-11.81	10.58	17.32	-4.18	-3.95
Price/Free Cash Flow Low	1.52	1.38	3.14	5.55	3.25	2.15	2.57	2.03	1.29	-0.13	-1.41	3.58	4.15	-1.05	-1.11
EV/Sales Average	3.12	2.9	2.52	3.42	3.38	2.72	2.83	3.01	2.89	7.56	4.82	3.04	2.33	2.42	2.55
EV/Sales High	3.31	2.99	2.62	3.55	3.53	2.85	2.94	3.16	3.03	8.17	6.27	3.16	2.43	2.46	2.57
EV/Sales Low	2.95	2.84	2.43	3.18	3.22	2.61	2.77	2.84	2.79	7.33	4.43	2.94	2.28	2.4	2.53
EV/EBITDA Average	12.18	10.86	9.64	14.49	12.09	9.74	10.41	11.58	11.11	-45.44	42.02	13.59	10.38	13.54	13.69
EV/EBITDA High	12.91	11.2	10.01	15.03	12.64	10.18	10.81	12.17	11.63	-49.13	54.65	14.12	10.83	13.76	13.82
EV/EBITDA Low	11.52	10.65	9.3	13.45	11.5	9.34	10.19	10.93	10.74	-44.07	38.59	13.13	10.18	13.41	13.6
EV/EBIT Average	31.16	24.51	20.14	35.39	27.61	23.41	28.09	37.96	35.53	-11.4	-30.65	49.7	26.75	49.83	43.12
EV/EBIT High	33.03	25.28	20.9	36.7	28.87	24.47	29.15	39.89	37.21	-12.32	-39.87	51.66	27.91	50.64	43.51
EV/EBIT Low	29.48	24.03	19.42	32.84	26.28	22.45	27.5	35.82	34.34	-11.05	-28.15	48.04	26.25	49.35	42.82
Last Price	4,715.45	6,194.92	7,198.16	9,651.69	6,229.26	7,660.71	6,643.89	3,948.82	2,790	259	96	44.7	19.4	7.19	4.26
High Price	8,440.65	6,318.7	8,405.28	10,458.19	10,176.64	7,808.79	8,124.7	8,549.2	5,814.64	2,840	779	120.9	75.2	20.79	10.35
Enterprise Value Average	2,686	2,664	2,367	2,722	4,519	4,065	4,078	4,302	4,343	3,840	3,881	3,775	3,182	2,838	2,812
Enterprise Value High	2,847	2,747	2,457	2,822	4,725	4,248	4,232	4,521	4,548	4,152	5,048	3,924	3,320	2,884	2,837
Enterprise Value Low	2,541	2,612	2,283	2,525	4,301	3,897	3,992	4,059	4,197	3,725	3,564	3,649	3,123	2,811	2,793

Shares Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	3	3	4	6	6
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	3	3	5	6
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	3	3	5	6
Revenue per Share	13,880.91	13,617.89	12,501.19	9,071.34	13,884.79	15,801.19	15,117.27	14,707.64	15,052.12	3,225.68	372.44	361.36	396.12	249.14	184.87
EBITDA per Share	3,558.59	3,630.85	3,267.18	2,143.62	3,883.28	4,419.38	4,113.83	3,819.43	3,916.15	-536.35	42.71	80.91	88.83	44.53	34.38
Operating Income per Share	1,391.27	1,609.21	1,564.17	877.6	1,699.84	1,838.44	1,524.8	1,165.08	1,224.31	-2,138.65	-58.55	22.12	34.46	12.1	10.92
Basic EPS, GAAP	-722.58	-1,296.88	-1,001.2	-745.97	2,461.08	-874.3	-1,173.96	-1,742.8	-1,564.67	-3,655.71	-123.59	-44.62	-57.09	-18.25	-35.99
Basic EPS from Cont Ops	125.3	-870.09	-644.8	-476.26	3,175.96	-622.52	-932.28	-1,606.76	-1,429.12	-4,018.93	-125.34	-41.08	-52.35	-13.81	-31.5
Diluted EPS, GAAP	-722.58	-1,296.88	-1,001.2	-745.97	2,062.8	-874.3	-1,173.96	-1,742.8	-1,564.67	-3,655.71	-122.35	-44.62	-57.09	-18.25	-35.99
Diluted EPS from Cont Ops	125.3	-870.09	-644.8	-476.26	2,662	-622.52	-932.28	-1,606.76	-1,429.12	-4,018.93	-124.08	-41.08	-52.35	-13.81	-31.5
Dividend per Share	860.24	1,059.69	1,048.89	974.84	947.99	968.64	1,067.06	1,001.68	863.51	181.64	8.61	3.62	4.33	4.33	4.01
Cash Flow per Share	1,204.01	1,934.39	1,935.43	1,270.45	2,114.21	1,903.32	2,178.22	1,866.33	1,774.98	-949.04	-66.68	11.42	4.17	-5.01	-2.62
Free Cash Flow per Basic Share	109.69	729.01	1,935.43	1,268.07	2,108.31	1,903	2,175.86	1,862.94	1,770.23	-949.04	-66.72	11.42	3.99	-5.06	-2.62
Cash & Equivalents per Share	2,705.38	3,103	2,107.39	3,175.91	2,233.65	4,239.04	4,009.48	3,505.54	2,776.8	589.65	273.81	121.45	47.86	23.99	11.07
Book Value per Share	-9,814.1	-11,390.25	-11,906.87	-11,976.78	-8,165.6	-10,304.91	-12,107.54	-14,000.64	-15,604.8	-13,285.28	-1,101.79	-737.85	-790.57	-597.5	-506.93
Tangible Book Value per Share	17,749.56	14,742.42	10,017.76	8,095.44	9,542.05	9,688.67	7,763.07	5,384.33	3,386.65	-1,659.39	8.89	-37.77	-89.76	-81.64	-98.83

Ashford Hospitality Trust, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)