Business Context and Reporting Period
Company: Ashford Hospitality Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: January 13, 2025
Subject: Declaration of dividends for various series of preferred stock.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It exclusively details dividend declarations and outstanding share counts as of December 31, 2024.
| Series | Dividend Rate/Amount | Frequency | Record Date(s) | Payment Date(s) |
|---|---|---|---|---|
| Series D (8.45%) | $0.5281 per share | Quarterly | March 31, 2025 | April 15, 2025 |
| Series F (7.375%) | $0.4609 per share | Quarterly | March 31, 2025 | April 15, 2025 |
| Series G (7.375%) | $0.4609 per share | Quarterly | March 31, 2025 | April 15, 2025 |
| Series H (7.50%) | $0.46875 per share | Quarterly | March 31, 2025 | April 15, 2025 |
| Series I (7.50%) | $0.46875 per share | Quarterly | March 31, 2025 | April 15, 2025 |
| Series J (All CUSIPs) | $0.16667 per share | Monthly | Jan 31, Feb 28, Mar 31, 2025 | Feb 18, Mar 17, Apr 15, 2025 |
| Series K (CUSIPs 04410D867, 04410D792) | $0.17500 per share | Monthly | Jan 31, Feb 28, Mar 31, 2025 | Feb 18, Mar 17, Apr 15, 2025 |
| Series K (CUSIPs 04410D727, 04410D651, 04410D578, 04410D511) | $0.17292 per share | Monthly | Jan 31, Feb 28, Mar 31, 2025 | Feb 18, Mar 17, Apr 15, 2025 |
| Series K (Remaining CUSIPs) | $0.17083 per share | Monthly | Jan 31, Feb 28, Mar 31, 2025 | Feb 18, Mar 17, Apr 15, 2025 |
Outstanding Shares (as of Dec 31, 2024):
- Series J: 6,799,638 shares
- Series K: 601,175 shares
Material Changes
The filing does not provide comparative financial data or discuss material changes in operations versus prior periods. It serves solely as a notification of the Board's dividend declarations.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors has declared dividends for the first quarter ending March 31, 2025, and monthly dividends for Series J and K preferred stock.
Risks/Contingencies: The filing does not disclose new risks or contingencies. It notes that the information in Item 7.01 and the attached press release is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the specific CUSIP numbers for Series K holdings to confirm the applicable monthly dividend rate ($0.17500, $0.17292, or $0.17083).
- Confirm record dates (January 31, February 28, and March 31, 2025) to ensure eligibility for the monthly Series J and K dividends.
- Review the attached Press Release (Exhibit 99.1) for any additional context regarding the dividend declarations.
- Note that this filing does not contain updated financial performance metrics (revenue, FFO, debt levels) for the company.