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Redeemable Noncontrolling Interests in Operating Partnership (Tables)

12 Months Ended

Dec. 31, 2024

Noncontrolling Interest [Abstract]

Schedule of Compensation Expense

We recorded compensation expense for Performance LTIP units and LTIP units as presented in the table below (in thousands):

												Year Ended December 31,
Type						Line Item						2024						2023						2022
Performance LTIP units						Advisory services fee						$	926					$	783					$	1,158
LTIP units						Advisory services fee						86						435						569
LTIP units						Corporate, general and administrative						4						15						32
LTIP units - independent directors						Corporate, general and administrative						135						475						413
												$	1,151					$	1,708					$	2,172

The following table summarizes the stock-based compensation expense (in thousands):

						Year Ended December 31,
Line Item						2024						2023						2022
Advisory services fee						$	266					$	1,446					$	2,509
Management fees						—						10						56
Corporate, general and administrative						11						89						163
Corporate, general and administrative - independent directors						54						170						90
Corporate, general and administrative - Stirling OP						92						—						—
						$	423					$	1,715					$	2,818

The following table summarizes the compensation expense (in thousands):

						Year Ended December 31,
Line Item						2024						2023						2022
Advisory services fee						$	523					$	604					$	1,008

Schedules of Redeemable Noncontrolling Interest

The following table presents the redeemable noncontrolling interests in Ashford Trust OP and the corresponding approximate ownership percentage:

			December 31, 2024						December 31, 2023
Redeemable noncontrolling interests in Ashford Trust OP (in thousands)			$	22,509					$	22,007
Cumulative adjustments to redeemable noncontrolling interests (1) (in thousands)			$	186,235					$	186,201
Ownership percentage of operating partnership			1.02		%				1.27		%

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(1)    Reflects the excess of the redemption value over the accumulated historical costs.

We allocated net (income) loss to the redeemable noncontrolling interests as presented in the table below (in thousands):

									Year Ended December 31,
															2024						2023						2022
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership															$	683					$	2,239					$	1,233

A summary of the activity of the units in our operating partnership is as follow (in thousands):

			Year Ended December 31,
			2024						2023						2022
Outstanding at beginning of year			198						167						40
LTIP units issued			10						11						8
Performance LTIP units issued			—						28						119
Performance LTIP units canceled			(87)						(8)						—
Outstanding at end of year			121						198						167
Common units convertible/redeemable at end of year			38						36						31

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- References

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- Definition

Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.

+ References

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- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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