---
schema_version: "secwatch.filing_event.v1"
accession: "0001232582-26-000070"
form_type: "8-K"
ticker: "AHT"
cik: "0001232582"
company_name: "ASHFORD HOSPITALITY TRUST INC"
filed_at: "2026-03-26T23:59:59+00:00"
generated_at: "2026-05-15T08:47:15.327121+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Ashford Hospitality Trust non-traded preferred stock liquidation value reaffirmed at $25.00/share as of Dec 31, 2025

## Summary
- Stanger opinion: liquidation value of Series J, K, L, M preferred = $25.00/share, equal to per share liquidation preference.
- Valuation used market cap, direct capitalization, and third-party appraisals; analyst target prices unavailable.
- Under all methods, equity value exceeded total liquidation preference of all outstanding preferred securities.
- Valuation is unaudited, not GAAP fair value, and subject to assumptions; no adjustment for post-Dec 31, 2025 events.

## SEC filing metadata
- accession: 0001232582-26-000070
- form_type: 8-K
- ticker: AHT
- cik: 0001232582
- company_name: ASHFORD HOSPITALITY TRUST INC
- filed_at: 2026-03-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1232582/000123258226000070/0001232582-26-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1232582/000123258226000070/aht-20260326.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001232582-26-000070
- JSON: https://secwatch.observer/filing/0001232582-26-000070.json
- Plain text: https://secwatch.observer/filing/0001232582-26-000070.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.