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^ ASHFORD HOSPITALITY TRUST NEWS RELEASE Contact : Deric Eubanks Jordan Jennings Joe Calabrese Chief Financial Officer ( 972 ) 490-9600 Investor Relations ( 972 ) 778-9487 Financial Relations Board ( 212 ) 827-3772 ASHFORD TRUST REPORTS SECOND QUARTER 2021 RESULTS Second Quarter Net Loss Attributable to Common Stockholders was $ 69.5 Million Second Quarter Comparable Hotel EBITDA was $ 45.6 Million Second Quarter Adjusted EBITDAre was $ 31.4 Million Second Quarter AFFO Per Diluted Share was $ 0.04 DALLAS July 28 , 2021 Ashford Hospitality Trust , Inc. ( NYSE : AHT ) ( “ Ashford Trust ” or the " Company " ) today reported financial results and performance measures for the second quarter ended June 30 , 2021. The comparable performance measurements for Occupancy , Average Daily Rate ( ADR ) , Revenue Per Available Room ( RevPAR ) , and Hotel EBITDA assume each of the hotel properties in the Company's hotel portfolio as of June 30 , 2021 was owned as of the beginning of each of the periods presented . Unless otherwise stated , all reported results compare the second quarter ended June 30 , 2021 with the second quarter ended June 30 , 2020 ( see discussion below ) . All data presented in this press release gives effect to the 1 - for - 10 reverse stock split completed on July 16 , 2021 with regard to share counts and per share data . The reconciliation of non - GAAP financial measures is included in the financial tables accompanying this press release . FINANCIAL AND OPERATING HIGHLIGHTS • • • • Comparable RevPAR for all hotels increased 372 % to $ 78.13 during the quarter on a 21.8 % increase in ADR and a 287.5 % increase in occupancy . Net loss attributable to common stockholders was $ ( 69.5 ) million or $ ( 4.35 ) per diluted share for the quarter . Adjusted EBITDAre was $ 31.4 million for the quarter . Adjusted funds from operations ( AFFO ) was $ 0.04 per diluted share for the quarter . The Company ended the quarter with cash and cash equivalents of $ 520.4 million and restricted cash of $ 70.1 million . The vast majority of the restricted cash is comprised of lender and manager held reserves . At the end of the quarter , there was also $ 15.9 million in due from third- party hotel managers , which is primarily the Company's cash held by one of its property managers and is also available to fund hotel operating costs . During the quarter , the Company announced that it signed a modification agreement improving the loan extension terms on its $ 240 million Renaissance Nashville / Westin Princeton Pool representing 2 hotels . • Capex invested during the quarter was $ 4.5 million .