ASHFORD HOSPITALITY TRUST INC
For the period ended Dec 31, 2023. Filed Mar 14, 2024.
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FY2023 · Filed Mar 14, 2024
AHT$2.22-6.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets — December 31, 2023 and 2022
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| Investments in hotel properties, net ($122,938 and $0 attributable to VIEs). | $2,951,932 | $3,118,331 |
| Cash and cash equivalents ($2,363 and $0 attributable to VIEs) | 165,231 | 417,064 |
| Restricted cash ($17,346 and $0 attributable to VIEs) | 146,079 | 141,962 |
| Accounts receivable ($271 and $0 attributable to VIEs), net of allowance of $1,214 and $501, respectively | 45,521 | 49,809 |
| Inventories ($5 and $0 attributable to VIEs) | 3,679 | 3,856 |
| Notes receivable, net | 7,369 | 5,062 |
| Investments in unconsolidated entities | 9,960 | 19,576 |
| Deferred costs, net ($218 and $0 attributable to VIEs) | 1,808 | 2,665 |
| Prepaid expenses ($651 and $0 attributable to VIEs) | 12,806 | 15,981 |
| Derivative assets | 13,696 | 47,182 |
| Operating lease right-of-use assets | 44,047 | 43,921 |
| Other assets ($1,433 and $0 attributable to VIEs) | 25,309 | 21,653 |
| Intangible assets | 797 | 797 |
| Due from Ashford Inc., net | — | 486 |
| Due from related parties, net | — | 6,570 |
| Due from third-party hotel managers | 21,664 | 22,462 |
| Assets held for sale | 12,383 | — |
| Total assets | $3,462,281 | $3,917,377 |
| LIABILITIES AND EQUITY/DEFICIT | ||
| Liabilities: | ||
| Indebtedness, net ($70,073 and $0 attributable to VIEs) | $3,396,071 | $3,838,543 |
| Finance lease liability | 18,469 | 18,847 |
| Other finance liability ($26,858 and $0 attributable to VIEs) | 26,858 | — |
| Accounts payable and accrued expenses ($14,405 and $0 attributable to VIEs) | 129,323 | 115,970 |
| Accrued interest payable ($241 and $0 attributable to VIEs) | 27,009 | 15,287 |
| Dividends and distributions payable ($147 and $0 attributable to VIEs) | 3,566 | 3,118 |
| Due to Ashford Inc., net ($1,396 and $0 attributable to VIEs) | 13,261 | — |
| Due to related parties, net ($123 and $0 attributable to VIEs) | 5,874 | — |
| Due to third-party hotel managers ($110 and $0 attributable to VIEs) | 1,193 | 1,319 |
| Intangible liabilities, net | 2,017 | 2,097 |
| Operating lease liabilities | 44,765 | 44,661 |
| Other liabilities | 3,499 | 4,326 |
| Liabilities related to assets held for sale | 14,653 | — |
| Total liabilities | 3,686,558 | 4,044,168 |
| Commitments and contingencies (note 18) | ||
| Redeemable noncontrolling interests in operating partnership | 22,007 | 21,550 |
| Series J Redeemable Preferred Stock, $0.01 par value, 3,475,318 and 87,115 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | 79,975 | 2,004 |
| Series K Redeemable Preferred Stock, $0.01 par value, 194,193 and 1,800 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | 4,783 | 44 |
| Equity (deficit): | ||
| Preferred stock, $0.01 par value, 50,000,000 shares authorized: | ||
| Series D Cumulative Preferred Stock, 1,159,927 and 1,174,427 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | 12 | 12 |
| Series F Cumulative Preferred Stock, 1,175,344 and 1,251,044 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | 11 | 12 |
| Series G Cumulative Preferred Stock, 1,531,996 and 1,531,996 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | 15 | 15 |
| Series H Cumulative Preferred Stock, 1,170,325 and 1,308,415 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | 12 | 13 |
| Series I Cumulative Preferred Stock, 1,160,923 and 1,252,923 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | 12 | 13 |
| Common stock, $0.01 par value, 400,000,000 shares authorized, 37,422,056 and 34,495,185 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | 374 | 345 |
| Additional paid-in capital | 2,382,975 | 2,383,244 |
| Accumulated deficit | (2,729,312) | (2,534,043) |
| Total stockholders’ equity (deficit) of the Company | (345,901) | (150,389) |
| Noncontrolling interest in consolidated entities | 14,859 | — |
| Total equity (deficit) | (331,042) | (150,389) |
| Total liabilities and equity/deficit | $3,462,281 | $3,917,377 |
(in thousands, except per share amounts)
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