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Braemar Hotels & Resorts Inc (BHR)
NYSE:BHR
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.09Last Year’s EPS
0.05Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 2.76%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook with notable RevPAR growth after prolonged decline, successful refinancing efforts, and strong performance in urban and resort hotel segments. However, the company reported a significant net loss and faced challenges due to external factors like the Southern California fires.Company Guidance
In the Braemar Hotels & Resorts Inc. fourth-quarter 2024 earnings call, the company provided several key metrics and strategic updates. Comparable RevPAR increased by 1.9% to $305, while total hotel revenue grew by 5.3%. The company's portfolio achieved a comparable hotel EBITDA of $41.1 million, a 0.7% increase from the previous year. The urban hotels saw a RevPAR growth of 3.3% in the fourth quarter. For the full year, the company reported a net loss attributable to common stockholders of $50.9 million or $0.77 per diluted share, while adjusted EBITDAre was $157.6 million. Braemar also focused on refinancing efforts, actively discussing a $193 million loan maturing in June, with only one remaining final debt maturity in 2025. Capital expenditures in 2024 amounted to approximately $70 million, with plans to invest $75 million to $95 million in 2025. Additionally, the company redeemed around $80 million of non-traded preferred stock, representing 17% of the original capital raise, as part of its shareholder value creation plan.RevPAR Growth After Six Quarters
The portfolio achieved a 1.9% comparable RevPAR growth in Q4 2024, marking the end of six straight quarters of declining RevPAR.
Total Revenue Increase
Comparable total hotel revenue increased by 5.3% over the prior year period, driven by a 7% increase in group revenue.
Successful Refinancing Efforts
Active discussions on refinancing a $193 million loan maturing in June, with no remaining final debt maturities in 2025 after completion.
Urban Hotel Strength
Urban hotels achieved a 3.3% comparable RevPAR growth in Q4 2024, with strong forward booking pace and a 9% RevPAR growth excluding Capital Hilton in January.
High-Impact Capital Projects
Completed several projects, including back-of-house space transformation at Four Seasons Resort Scottsdale and renovation of fine dining at Ritz Carlton Reserve, Dorado Beach.
Ritz Carlton Saint Thomas Performance
Ritz Carlton Saint Thomas saw a 100% growth over the prior year in group performance, with a 65% increase in group room revenue.
Ritz Carlton Reserve Dorado Beach Financial Gains
The property increased gross operating profit margins by over 1,100 basis points compared to 2019, driven by strategic pricing and operational efficiencies.
Ritz Carlton Lake Tahoe Success
Following a renovation, the property delivered a 49% increase in total hotel revenue, driven by rooms and food and beverage revenue increases.
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BHR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BHR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $2.54 | $2.55 | +0.39% |
| Nov 06, 2024 | $2.85 | $3.01 | +5.61% |
| Jul 31, 2024 | $3.38 | $3.11 | -7.99% |
| May 08, 2024 | $2.41 | $2.52 | +4.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Braemar Hotels & Resorts Inc (BHR) report earnings?
Braemar Hotels & Resorts Inc (BHR) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Braemar Hotels & Resorts Inc (BHR) earnings time?
Braemar Hotels & Resorts Inc (BHR) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BHR EPS forecast?
BHR EPS forecast for the fiscal quarter 2025 (Q1) is -0.09.
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