Ashford Hospitality Trust, Inc., together with its subsidiaries, is a real estate investment trust. While our portfolio currently consists of upscale hotels and upper upscale full-service hotels, our investment strategy is predominantly focused on investing in upper upscale full-service hotels in the United States that have revenue per available room generally less than twice the U.S. national average, and in …
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Competitive advantage assessment
Key strengths
Strong NOI MarginsNOI margins are strong (score 0.76), demonstrating rent pricing power.
Efficient Property ManagementProperty management is efficient (score 0.76).
Ashford Hospitality Trust Inc ranks #18 of 19
scored companies in REIT - Hotel & Motel by moat score — the top 95%.
The widest moat in the group is Apple Hospitality REIT, Inc. (APLE)
at 94/100.
Moat scores for companies ranked near AHT in REIT - Hotel & Motel
For a REIT, pricing power is the ability to raise rents at renewal and still keep the space occupied.
AFFO Strength
Score 17
· 18% of the moat score
AFFO — adjusted funds from operations — is the cash a REIT can actually distribute after the recurring capital spending buildings need in order to stay leasable.
Balance Sheet & Cost of Capital
Score 26
· 20% of the moat score
Real estate is bought with borrowed money, so a REIT's cost of capital is its competitive advantage.
Capital Recycling & Growth
Score 61
· 16% of the moat score
REITs grow by issuing shares and debt to buy more property, which creates value only when the yield on the asset exceeds the cost of the capital raised.
Operational Efficiency
Score 47
· 14% of the moat score
Running property — leasing, maintenance, taxes, management — is the part of the business a REIT genuinely controls.
Portfolio Quality & Diversification
Score 36
· 12% of the moat score
Portfolio quality is really a question about what happens when a tenant fails.
What is Ashford Hospitality Trust Inc's moat score?
Ashford Hospitality Trust Inc (AHT) scores 40 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #18 of 19 scored companies in REIT - Hotel & Motel, the top 95%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 29 companies in REIT - Hotel & Motel. Its strongest defense is Capital Recycling & Growth (61/100) and its weakest is AFFO Strength (17/100).
How does Ashford Hospitality Trust Inc compare with other REIT - Hotel & Motel companies?
Ashford Hospitality Trust Inc ranks #18 of 19 scored companies in REIT - Hotel & Motel by moat score. The widest moat in REIT - Hotel & Motel is Apple Hospitality REIT, Inc. (APLE) at 94/100. The companies ranked closest are InnSuites Hospitality Trust Sha (IHT) at 45 just above it and Park Hotels & Resorts Inc. (PK) at 26 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — REIT Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 29 companies in REIT - Hotel & Motel. The defenses are then weighted to produce the overall score out of 100.
Why is Ashford Hospitality Trust Inc scored with the REIT Specialized template?
A REIT is a portfolio of buildings financed with debt and required to distribute most of its taxable income. Reported earnings are dominated by depreciation on assets that often appreciate, so net income says very little; the real question is how much cash the properties distribute, and how securely. The REIT template scores what determines that: rent pricing, distributable cash, cost of capital, and the discipline behind growth.
Which competitive defenses are measured for Ashford Hospitality Trust Inc?
The REIT Specialized template measures 6 defenses, and AHT scores: Rent Pricing Power (53), AFFO Strength (17), Balance Sheet & Cost of Capital (26), Capital Recycling & Growth (61), Operational Efficiency (47), Portfolio Quality & Diversification (36). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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