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Ashford Hospitality Trust vs Braemar Hotels & Resorts

Ashford Hospitality Trust is the larger business, with $1.10bn of revenue in fiscal 2025 against $704m for Braemar Hotels & Resorts (1.6 times as much). Braemar Hotels & Resorts grew faster (-3.3% against -5.8%). Braemar Hotels & Resorts kept more of each dollar of sales as profit: a net margin of -3.2% against -16.3%.

Latest fiscal yearAshford Hospitality TrustAHT, 2025Braemar Hotels & ResortsBHR, 2025
Revenue $1.10bn $704m
Revenue growth -5.8% -3.3%
Net income −$180m −$22.3m
Operating margin — 10.3%
Net margin -16.3% -3.2%
Return on equity — -11.8%
Free cash flow −$86.8m −$37.1m
Cash $66.1m $124m
Total debt $2.56bn $1.11bn
Debt to equity — 802.6%
Dividend per share — —
Dividend yield 74.7% 42.3%
Share buybacks $44,000 $778,000
Employees 82 82
Market value $17.6m $102m
Price vs our value range — —
Moat score 28 (Weak) 21 (Weak)
Insider trades, 12 months 0 buys, 0 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.