XML 55 R42.htm IDEA: XBRL DOCUMENT v3.25.3
Related Party Transactions (Tables)
 9 Months Ended
Sep. 30, 2025
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table summarizes the advisory services fees incurred (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Advisory services fee
Base advisory fee$8,306 $8,074 $24,585 $24,022 
Reimbursable expenses (1)
2,862 3,268 9,389 12,410 
Equity-based compensation (2)
(704)218 (549)1,261 
Incentive fee(27)— — — 
Total advisory services fee$10,437 $11,560 $33,425 $37,693 
________
(1)Reimbursable expenses include overhead, internal audit, risk management advisory, asset management services and deferred cash awards.
(2)Equity-based compensation is associated with equity grants of Ashford Trust’s common stock, LTIP units and Performance LTIP units awarded to officers and employees of Ashford LLC.
The following table summarizes the advisory services fees incurred prior to September 2, 2025 (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Advisory services fee
Base advisory fee$108 $123 $363 $353 
Reimbursable expenses (1)
19 62 111 152 
Performance participation fee
(14)111 213 333 
Total advisory services fee$113 $296 $687 $838 
________
(1)Reimbursable expenses include overhead, internal audit, risk management advisory and asset management services
The table below summarizes the amount Ashford Trust has expensed related to reimbursed operating expenses of Ashford Securities (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
Line Item2025202420252024
Corporate, general and administrative$1,972 $1,935 $5,711 $8,391