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Braemar Hotels & Resorts Inc (BHR)
NYSE:BHR
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.16Last Year’s EPS
-0.04Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed solid operational momentum in 2025—notably within the resort portfolio, group and ancillary revenue growth, strategic asset repositionings and a material 2025 capex program—supported by successful asset sale and partial deleveraging actions. However, Q4 produced a net loss and a slight negative AFFO, renovation and weather disruptions constrained near-term results, and the balance sheet still carries significant floating-rate debt and strategic uncertainty due to an ongoing sale process and no declared common dividend for 2026. Overall, operational positives are meaningful but balanced by financial losses, interest-rate exposure and transactional uncertainty.Company Guidance
Comparable Revenue and EBITDA Growth
Comparable total revenue grew 1.8% in Q4 2025 and 2.8% for full year 2025; adjusted EBITDAre was $28.8M for Q4 and $147.0M for the full year, reflecting improved operating profitability.
Resort Portfolio Strength
Resort assets delivered strong results: comparable resort RevPAR was $536 (Q4) (+4.1% YoY) and comparable hotel EBITDA was $32.5M (+6.0% YoY). Excluding renovation-impacted hotels, management reported materially stronger RevPAR growth (Richard: +2.6% excl. renovations; Christopher: +4.6% excl. impacted properties) and comparable hotel EBITDA increases (Richard: +6.4% excl. renovations).
Standout Property Performances
The Ritz-Carlton, Sarasota: Q4 RevPAR +25.5% and hotel EBITDA +48% YoY; Four Seasons Resort Scottsdale: Q4 RevPAR +12.2% and hotel EBITDA +21.6% YoY (group room revenue growth +17.7%, ~600 incremental group room nights, $50 higher group ADR and $2.4M in ancillary revenue); Ritz-Carlton Reserve, Dorado Beach: Q4 RevPAR ~+$1,806 (+10.0–10.2% YoY), full-year revenue >$91M (+10.8%), occupancy >63%, and residences ADR >$12,000 (Q4).
Group and Ancillary Revenue Momentum
Full-year group room revenue rose 7.1% YoY; Q4 catering revenue and F&B saw meaningful increases at top properties (e.g., catering revenue +22.2% and total F&B +12.4% at Four Seasons Scottsdale; portfolio catering revenue +10.1% on a per group room night basis Q4). Other revenue per occupied room increased ~10.1% for the full year, driving outsized hotel EBITDA growth.
Asset Disposition and Deleveraging Actions
Sold the 410-room Clancy in San Francisco for $115.0M ($280k per key), representing a 5.2% cap rate on trailing NOI; used proceeds to pay down ~$65.0M of debt and retained ~$44.0M net proceeds. Redeemed $149.0M of non-traded preferred stock to date (≈32% of original raise) as part of deleveraging and liquidity strategy.
Capital Investments and Repositionings
Invested approximately $78.0M in capital expenditures in 2025, including the Cameo Beverly Hills conversion to LXR, guest room renovations at Park Hyatt Beaver Creek and Hotel Yountville, and product upgrades across the portfolio. CapEx guidance for 2026 is $25.0–35.0M.
Liquidity and Balance Sheet Highlights
Ended Q4 with cash and cash equivalents of $124.4M plus restricted cash of $42.5M and $17.1M due from third-party managers. Total assets ~$1.9B and portfolio of 13 hotels (3,028 rooms). Fully diluted share count ~73.3M.
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
BHR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $3.07 | $2.91 | -5.21% |
Nov 07, 2025 | $2.72 | $2.72 | 0.00% |
Aug 01, 2025 | $2.04 | $2.14 | +4.80% |
May 07, 2025 | $1.85 | $1.92 | +3.62% |
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.
FAQ
When does Braemar Hotels & Resorts Inc (BHR) report earnings?
Braemar Hotels & Resorts Inc (BHR) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Braemar Hotels & Resorts Inc (BHR) earnings time?
Braemar Hotels & Resorts Inc (BHR) earnings time is at May 06, 2026, After Close (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 2026 (Q1) is -0.16.