v3.26.1
Redeemable Noncontrolling Interests in Operating Partnership (Tables)
 12 Months Ended
Dec. 31, 2025
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,
TypeLine Item202520242023
Performance LTIP unitsAdvisory services fee$(348)$926 $783 
LTIP unitsAdvisory services fee— 86 435 
LTIP unitsCorporate, general and administrative— 4 15 
LTIP units - independent directorsCorporate, general and administrative— 135 475 
$(348)$1,151 $1,708 
The following table summarizes the stock-based compensation expense (in thousands):
Year Ended December 31,
Line Item202520242023
Advisory services fee$113 $266 $1,446 
Management fees— — 10 
Corporate, general and administrative— 11 89 
Corporate, general and administrative - independent directors— 54 170 
Corporate, general and administrative - Stirling OP
13 92 — 
$126 $423 $1,715 
The following table summarizes the compensation expense (in thousands):
Year Ended December 31,
Line Item202520242023
Advisory services fee$(539)$523 $604 
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, 2025December 31, 2024
Redeemable noncontrolling interests in Ashford Trust OP (in thousands)$20,516 $22,509 
Cumulative adjustments to redeemable noncontrolling interests (1) (in thousands)
$187,846 $186,235 
Ownership percentage of operating partnership1.43 %1.02 %
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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,
202520242023
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership$3,262 $683 $2,239 
A summary of the activity of the units in our operating partnership is as follow (in thousands):
Year Ended December 31,
202520242023
Outstanding at beginning of year121 198 167 
LTIP units issued— 10 11 
Performance LTIP units issued— — 28 
Performance LTIP units canceled(26)(87)(8)
Outstanding at end of year95 121 198 
Common units convertible/redeemable at end of year37 38 36