Ashford Hospitality Trust (AHT) Operating Expenses (2010 - 2026)
Ashford Hospitality Trust (AHT) posted quarterly Operating Expenses of $299.5 million for Q4 2025, down 10.56% year-over-year from $334.9 million in Q4 2024, and up 6.85% quarter-over-quarter from $280.3 million in Q3 2025.
Ashford Hospitality Trust (AHT) Operating Expenses (2010 - 2026) Analysis & Trends
Ashford Hospitality Trust's Operating Expenses history runs 16 years deep, the most recent figure standing at $299.5 million for Q4 2025.
- In Q4 2025, Operating Expenses fell 10.56% year-over-year to $299.5 million; the TTM figure through Dec 2025 stood at $1.1 billion (down 5.79% YoY), while the FY2025 annual figure was $1.1 billion, down 5.79% from the prior year.
- Operating Expenses for Q4 2025 stood at $299.5 million, up from $280.3 million in the prior quarter.
- The five-year high for Operating Expenses was $334.9 million in Q4 2024, with the low at $185.8 million in Q1 2021.
- The 5-year median for Operating Expenses is $286.3 million (2024), against an average of $281.4 million.
- The sharpest annual moves came in 2021 and 2022: Operating Expenses slumped 44.53% in 2021, then surged 40.93% in 2022.
- Ashford Hospitality Trust's Operating Expenses stood at $264.4 million in 2021, then increased by 14.26% to $302.1 million in 2022, then grew by 1.72% to $307.3 million in 2023, then gained by 8.98% to $334.9 million in 2024, then declined by 10.56% to $299.5 million in 2025.
- Business Quant data shows AHT's Operating Expenses at $299.5 million in Q4 2025, $280.3 million in Q3 2025, and $269.3 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryman Hospitality Properties | 8.09 Bn | 7.73 Bn | 364.88 Mn | 574.43 Mn |
| 2 | Apple Hospitality REIT | 3.90 Bn | 3.89 Bn | 174.97 Mn | 314.51 Mn |
| 3 | Park Hotels & Resorts | 3.16 Bn | 2.90 Bn | 232.00 Mn | 583.00 Mn |
| 4 | DiamondRock Hospitality | 2.61 Bn | 2.51 Bn | 123.23 Mn | 244.94 Mn |
| 5 | Sunstone Hotel Investors | 2.09 Bn | 1.88 Bn | 242.17 Mn | 242.91 Mn |
| 6 | Pebblebrook Hotel Trust | 2.08 Bn | 1.81 Bn | 154.61 Mn | 349.90 Mn |
| 7 | Xenia Hotels & Resorts | 1.78 Bn | 1.67 Bn | 97.24 Mn | 295.46 Mn |
| 8 | RLJ Lodging Trust | 1.71 Bn | 770.33 Mn | - | 327.47 Mn |
| 9 | Service Properties Trust | 1.04 Bn | 1.03 Bn | 156.32 Mn | 548.44 Mn |
| 10 | Ashford Hospitality Trust | 21.39 Mn | -51.12 Mn | 96.79 Mn | 233.79 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 233.79 Mn |
| Dec 31, 2025 | 299.50 Mn |
| Sep 30, 2025 | 280.30 Mn |
| Jun 30, 2025 | 269.29 Mn |
| Mar 31, 2025 | 257.74 Mn |
| Dec 31, 2024 | 334.87 Mn |
| Sep 30, 2024 | 267.55 Mn |
| Jun 30, 2024 | 280.15 Mn |
| Mar 31, 2024 | 292.27 Mn |
| Dec 31, 2023 | 307.28 Mn |
| Sep 30, 2023 | 312.19 Mn |
| Jun 30, 2023 | 324.00 Mn |
| Mar 31, 2023 | 305.11 Mn |
| Dec 31, 2022 | 302.08 Mn |
| Sep 30, 2022 | 294.85 Mn |
| Jun 30, 2022 | 306.13 Mn |
| Mar 31, 2022 | 261.85 Mn |
| Dec 31, 2021 | 264.37 Mn |
| Sep 30, 2021 | 252.44 Mn |
| Jun 30, 2021 | 229.41 Mn |