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Braemar Hotels & Resorts
(NYSE:BHR)
Braemar Hotels & Resorts (BHR) vs. SPDR S&P 500 ETF (SPY)
Braemar Hotels & Resorts Business Overview & Revenue Model
Braemar Hotels & Resorts Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 728.40M | 739.34M | 669.59M | 427.54M | 226.97M | Gross Profit |
| 153.68M | 168.47M | 175.09M | 92.42M | -2.58M | EBIT |
| 128.75M | 61.67M | 68.39M | -2.01M | -79.85M | EBITDA |
| 227.91M | 160.03M | 146.88M | 73.59M | -25.20M | Net Income Common Stockholders |
| -1.69M | -27.02M | 17.76M | -32.91M | -124.68M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 135.47M | 88.45M | 261.54M | 216.00M | 78.61M | Total Assets |
| 2.14B | 2.23B | 2.40B | 1.88B | 1.67B | Total Debt |
| 1.23B | 1.22B | 1.39B | 1.23B | 1.19B | Net Debt |
| 1.09B | 1.14B | 1.13B | 1.02B | 1.11B | Total Liabilities |
| 1.87B | 1.41B | 1.57B | 1.36B | 1.28B | Stockholders Equity |
| 240.73M | 795.07M | 801.79M | 504.33M | 383.21M |
| Cash Flow | Free Cash Flow | |||
| 66.82M | 84.64M | 60.34M | 38.31M | -75.84M | Operating Cash Flow |
| 66.82M | 84.71M | 109.48M | 63.95M | -50.29M | Investing Cash Flow |
| 35.51M | -77.07M | -402.22M | -41.68M | -16.54M | Financing Cash Flow |
| -86.73M | -156.84M | 345.06M | 127.95M | 49.59M |
Braemar Hotels & Resorts Technical Analysis
Braemar Hotels & Resorts Risk Analysis
Braemar Hotels & Resorts Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $348.77M | 123.61 | 1.42% | 4.21% | 1.75% | ― | |
64 Neutral | $557.47M | 35.11 | 4.45% | 7.42% | -1.86% | ― | |
60 Neutral | $2.82B | 10.38 | 0.33% | 8508.19% | 5.98% | -17.49% | |
60 Neutral | $138.12M | ― | -0.90% | 9.71% | -2.42% | 23.64% | |
60 Neutral | $32.81M | ― | 9.72% | ― | 3.82% | 18.62% | |
44 Neutral | $29.99M | ― | -25.66% | 0.80% | 4.55% | -291.14% | |
41 Neutral | $36.10M | ― | -25.85% | ― | -14.65% | -55.62% |
Braemar Hotels & Resorts Earnings Call Summary
Braemar Hotels & Resorts Corporate Events
On May 8, 2025, Braemar Hotels & Resorts released an investor presentation detailing its financial performance and strategic positioning. The company reported a substantial increase in Gross Asset Value and EBITDA, highlighting its strong market presence in the luxury hotel sector. The presentation also discussed industry trends, including a forecasted growth in luxury RevPAR and stabilization of ADR at higher levels, indicating a positive outlook for Braemar’s continued success in the competitive lodging market.
On May 8, 2025, Braemar Hotels & Resorts held an earnings conference call to discuss its first-quarter results, highlighting a 4.2% growth in Comparable RevPAR and a 4.4% increase in Comparable Total Hotel Revenue. The company addressed its final 2025 debt maturity, resulting in a lower cost of capital and an improved maturity schedule. The urban and resort hotels showed strong performance, with the urban portfolio achieving an 11.3% RevPAR growth, partly boosted by the presidential inauguration in Washington, D.C. Braemar also restructured the Sofitel Chicago Magnificent Mile as a franchise, expecting an uplift in property value. The company continues to focus on deleveraging and improving cash flow per share.
Braemar Hotels & Resorts reported its first quarter 2025 financial results, highlighting a 4.2% increase in RevPAR and a 4.5% rise in ADR compared to the previous year. Despite a net loss of $2.5 million, the company achieved an adjusted EBITDAre of $63 million and ended the quarter with $81.7 million in cash. Key operational moves included refinancing five hotels to reduce interest costs and transitioning the Sofitel Chicago Magnificent Mile to a franchise structure, expected to enhance property value. The company also announced a quarterly dividend of $0.05 per share, reflecting a cautious but optimistic outlook on financial performance improvements.
On April 10, 2025, Braemar Hotels & Resorts announced that its Board of Directors declared various cash dividends for the second quarter of 2025. These dividends include a quarterly cash dividend of $0.05 per diluted share for common stock, and quarterly dividends for Series B and Series D Cumulative Convertible Preferred Stocks, as well as monthly dividends for Series E and Series M Redeemable Preferred Stocks. These payments are scheduled for May, June, and July 2025, impacting shareholders of record as of specific dates. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and may influence investor confidence and market positioning.
On April 1, 2025, Braemar Hotels & Resorts Inc. appointed Ms. Kellie Sirna to its Board of Directors. Ms. Sirna, an independent director under NYSE standards, is the owner of Studio 11 Design, a firm specializing in interior design for the hospitality and leisure industries. Her appointment is effective immediately and she will serve until the next annual stockholders’ meeting. Studio 11 Design has a consulting agreement with Ashford Inc., Braemar’s advisor, for $85,000 annually. The firm has previously provided services to Ashford Inc. and its affiliates, with significant revenue adjustments in recent years.
On April 3, 2025, Braemar Hotels & Resorts announced its plan to transition the Sofitel Chicago Magnificent Mile to a franchise structure, with management by Remington Hospitality. This conversion, effective in May 2025, aims to enhance property value while retaining existing employees and planning renovations over the next two years.
On March 10, 2025, Braemar Hotels & Resorts Inc. released an investor presentation detailing their financial performance and strategic positioning. The presentation highlighted significant growth in gross asset value and EBITDA since 2013, with a focus on luxury and resort properties driving 2024’s hotel EBITDA. The company has seen stabilization in key performance metrics such as ADR and RevPAR, with urban properties returning to near pre-pandemic levels and resort properties stabilizing at higher levels. This indicates a strong recovery and strategic positioning in the hospitality market, potentially benefiting stakeholders by enhancing the company’s market value and operational resilience.
On February 27, 2025, Braemar Hotels & Resorts held an earnings conference call to discuss its fourth-quarter and full-year 2024 results. The company reported a 1.9% increase in Comparable RevPAR and a 5.3% rise in Comparable Total Hotel Revenue for the fourth quarter, marking a recovery after several quarters of decline. The company is actively refinancing a $293 million loan and has redeemed approximately $80 million of non-traded preferred stock as part of its Shareholder Value Creation Plan. Despite challenges such as unseasonably mild winter weather and calendar shifts affecting festive bookings, the company’s portfolio showed resilience, with urban hotels achieving a 3.3% growth in Comparable RevPAR. Braemar also completed significant capital projects to enhance guest experiences, including renovations at The Ritz-Carlton Reserve Dorado Beach and The Ritz-Carlton St. Thomas. The company extended its mortgage loan for the Ritz-Carlton Lake Tahoe and supported local recovery efforts following the Southern California fires.