v3.26.1
Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table summarizes the advisory services fees incurred (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Advisory services fee
Base advisory fee$8,507 $8,210 $16,815 $16,279 
Reimbursable expenses (1)
5,664 3,345 17,351 6,527 
Equity-based compensation (2)
28 222 56 155 
Incentive fee— (66)— 27 
Total advisory services fee$14,199 $11,711 $34,222 $22,988 
________
(1)Reimbursable expenses include overhead, internal audit, risk management advisory, asset management services, deferred cash awards and certain tax obligations.
(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 by Stirling OP prior to the termination of the Stirling OP advisory agreement (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
20252025
Advisory services fee
Base advisory fee$129 $255 
Reimbursable expenses (1)
66 92 
Performance participation fee
111 227 
Total advisory services fee$306 $574 
________
(1)Reimbursable expenses include overhead, internal audit, risk management advisory and asset management services
The table below summarizes the amount Ashford Trust has expensed related to reimbursed operating expenses of Ashford Securities (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
Line Item2026202520262025
Corporate, general and administrative$(368)$2,158 $(68)$3,738