Braemar Hotels & Resorts (BHR) Reports Q4 Loss, Tops Revenue Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2025
0mins
Should l Buy BHR?
Source: NASDAQ.COM
Quarterly Performance: Braemar Hotels & Resorts reported a quarterly loss of $0.06 per share, missing the Zacks Consensus Estimate of $0.10, with revenues of $173.34 million, surpassing estimates by 6.28%, but showing a decline from the previous year's revenues.
Market Outlook: The stock has underperformed compared to the S&P 500 this year, and its future performance will depend on management's commentary and estimate revisions, currently holding a Zacks Rank #3 (Hold) indicating expected market performance.
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Analyst Views on BHR
About BHR
Braemar Hotels & Resorts Inc. is a real estate investment trust focused on investing in luxury hotels and resorts. Its business objectives are to generate attractive returns on its invested capital and long-term growth in cash flow to maximize total returns to its stockholders. The Company operates in the direct hotel investment segment of the hotel lodging industry. It owns interests in approximately 14 hotel properties in seven states, the District of Columbia, Puerto Rico and St. Thomas, U.S. Virgin Islands. The hotel properties in its portfolio are predominantly located in the United States urban and resort locations. It owns 14 of its hotel properties directly and the remaining hotel property through an investment in a majority-owned consolidated joint venture entity. All the hotel properties in its portfolio are asset-managed by Ashford LLC. The Company's hotel properties include Capital Hilton, The Notary Hotel and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Brancous Questions Governance Structure at Braemar Hotels & Resorts
- Lack of Governance Transparency: Brancous LP1 asserts that Braemar's Board lacks transparency in the termination economics with the external manager, preventing shareholders from assessing whether the agreement was negotiated fairly, potentially harming shareholder interests.
- Independence Issues Highlighted: Brancous emphasizes that the Board's independence is merely superficial when addressing economic matters related to the external manager, failing to effectively protect shareholder interests during critical conflicts of interest.
- Need for Renegotiation of Termination Framework: Brancous believes that the termination economics should be based on current and forward-looking economic conditions rather than outdated historical data to avoid overcompensating the external advisor and ensure maximum shareholder value.
- Demand for Full Disclosure: Brancous calls for Braemar's Board to publicly disclose the basis for termination fee calculations, the processes involved, and all relevant legal and advisory opinions to ensure shareholders can fully understand and evaluate this significant economic issue.
See More
Braemar Hotels & Resorts Q4 2025 Earnings Call Insights
- Asset Sale Progress: Braemar has engaged Robert W. Baird & Co as its financial adviser to initiate the sale process, although no completion deadline has been set, which may impact the company's asset restructuring and future strategic direction.
- Financial Performance Overview: The company reported a net loss of $46 million for the fourth quarter, translating to a diluted loss of $0.67 per share, despite an adjusted EBITDA of $28.8 million, indicating ongoing financial pressure amid asset sales and restructuring efforts.
- Strong Resort Performance: The resort portfolio achieved a 4.1% increase in comparable RevPAR to $536, with comparable hotel EBITDA rising 6%, demonstrating robust operational efficiency and market demand despite flat overall RevPAR.
- Future Outlook and Uncertainty: Management expressed optimism about the future, emphasizing that recent renovations and asset sales will drive performance, but the ongoing sale process has left the common equity dividend policy for 2026 undetermined, adding uncertainty for shareholders.
See More
Braemar Hotels & Resorts Reports Q4 Earnings
- Earnings Performance: Braemar Hotels & Resorts reported a Q4 GAAP EPS of -$0.67, missing expectations by $0.16, indicating challenges in profitability that may affect investor confidence.
- Revenue Insights: The company achieved Q4 revenue of $165.5 million, a 4.5% year-over-year decline, yet it surpassed market expectations by $18.3 million, suggesting some resilience in market demand despite difficulties.
- Balance Sheet Concerns: Despite the revenue beat, concerns regarding Braemar's balance sheet persist, which could impact its future financing capabilities and operational flexibility, necessitating investor attention on its financial health.
- Market Reaction: Given the earnings miss, market reactions may lead to stock price volatility for Braemar, prompting investors to carefully assess its future investment value.
See More
Braemar Hotels & Resorts Set to Release Q4 Earnings on February 26
- Earnings Announcement: Braemar Hotels & Resorts is set to announce its Q4 earnings on February 26 after market close, with a consensus EPS estimate of -$0.51, reflecting an 8.5% year-over-year decline, indicating ongoing profitability concerns for the company.
- Revenue Decline: The expected revenue for Q4 is $147.2 million, representing a 15.1% year-over-year decrease, which highlights the challenges the company faces in the current economic environment and may impact its future investment appeal.
- Earnings Forecast Changes: Over the past three months, there have been no upward revisions and one downward revision in EPS estimates, suggesting analysts' cautious outlook on the company's profitability prospects, which could lead to diminished investor confidence.
- Stable Revenue Projections: Despite no changes in revenue estimates, the persistent negative outlook may exert pressure on Braemar's stock price, prompting investors to closely monitor the upcoming earnings report to assess the company's financial health.
See More
Braemar Hotels Announces February 2026 Preferred Dividends
- Preferred Dividend Declaration: Braemar Hotels' Board announced February 2026 preferred dividends, with a cash dividend of $0.1146 per share for the 5.5% Series B Cumulative Convertible Preferred Stock, payable on April 15, 2026, demonstrating the company's commitment to shareholder returns.
- Diverse Preferred Payments: The 8.25% Series D Preferred Stock will receive a cash dividend of $0.17187 per share, also payable on April 15, 2026, indicating the company's efforts to maintain cash flow and attract investors.
- Series E and M Dividend Details: The Series E Redeemable Preferred Stock will pay a cash dividend of $0.15625 per share, while different CUSIPs of Series M will pay $0.17917 and $0.17708 per share, respectively, on March 16, 2026, showcasing the company's strategic approach to diversifying its financing channels.
- Equity Status Update: As of January 31, 2026, Braemar had 11,778,269 shares of Series E and 1,388,674 shares of Series M Redeemable Preferred Stock outstanding, reflecting the company's stable capital structure and positioning in the high-growth luxury hotel sector.
See More
Braemar Hotels Announces February 2026 Preferred Dividends
- Dividend Announcement: Braemar Hotels & Resorts has declared preferred dividends for February 2026, with a cash dividend of $0.1146 per share for the 5.5% Series B Cumulative Convertible Preferred Stock, to be paid on April 15, 2026, demonstrating the company's commitment to shareholder returns.
- Multiple Preferred Dividends: The company also announced a cash dividend of $0.17187 per share for the 8.25% Series D Preferred Stock, which will be paid on April 15, 2026, reflecting stable cash flow in the high-growth luxury hotel market.
- Series E and M Preferred Stocks: For the Series E Redeemable Preferred Stock, a cash dividend of $0.15625 per share will be paid on March 16, 2026, while the Series M Preferred Stock will see dividends of $0.17917 and $0.17708 per share, showcasing the company's flexibility in its diversified financing structure.
- Equity Status: As of January 31, 2026, Braemar had 11,778,269 shares of Series E Redeemable Preferred Stock and 1,388,674 shares of Series M Redeemable Preferred Stock issued and outstanding, indicating the company's active presence in the preferred stock market and the robustness of its capital structure.
See More
Brancous Questions Governance Structure at Braemar Hotels & Resorts
- Lack of Governance Transparency: Brancous LP1 asserts that Braemar's Board lacks transparency in the termination economics with the external manager, preventing shareholders from assessing whether the agreement was negotiated fairly, potentially harming shareholder interests.
- Independence Issues Highlighted: Brancous emphasizes that the Board's independence is merely superficial when addressing economic matters related to the external manager, failing to effectively protect shareholder interests during critical conflicts of interest.
- Need for Renegotiation of Termination Framework: Brancous believes that the termination economics should be based on current and forward-looking economic conditions rather than outdated historical data to avoid overcompensating the external advisor and ensure maximum shareholder value.
- Demand for Full Disclosure: Brancous calls for Braemar's Board to publicly disclose the basis for termination fee calculations, the processes involved, and all relevant legal and advisory opinions to ensure shareholders can fully understand and evaluate this significant economic issue.
See More
Braemar Hotels & Resorts Q4 2025 Earnings Call Insights
- Asset Sale Progress: Braemar has engaged Robert W. Baird & Co as its financial adviser to initiate the sale process, although no completion deadline has been set, which may impact the company's asset restructuring and future strategic direction.
- Financial Performance Overview: The company reported a net loss of $46 million for the fourth quarter, translating to a diluted loss of $0.67 per share, despite an adjusted EBITDA of $28.8 million, indicating ongoing financial pressure amid asset sales and restructuring efforts.
- Strong Resort Performance: The resort portfolio achieved a 4.1% increase in comparable RevPAR to $536, with comparable hotel EBITDA rising 6%, demonstrating robust operational efficiency and market demand despite flat overall RevPAR.
- Future Outlook and Uncertainty: Management expressed optimism about the future, emphasizing that recent renovations and asset sales will drive performance, but the ongoing sale process has left the common equity dividend policy for 2026 undetermined, adding uncertainty for shareholders.
See More
Braemar Hotels & Resorts Reports Q4 Earnings
- Earnings Performance: Braemar Hotels & Resorts reported a Q4 GAAP EPS of -$0.67, missing expectations by $0.16, indicating challenges in profitability that may affect investor confidence.
- Revenue Insights: The company achieved Q4 revenue of $165.5 million, a 4.5% year-over-year decline, yet it surpassed market expectations by $18.3 million, suggesting some resilience in market demand despite difficulties.
- Balance Sheet Concerns: Despite the revenue beat, concerns regarding Braemar's balance sheet persist, which could impact its future financing capabilities and operational flexibility, necessitating investor attention on its financial health.
- Market Reaction: Given the earnings miss, market reactions may lead to stock price volatility for Braemar, prompting investors to carefully assess its future investment value.
See More
Braemar Hotels & Resorts Set to Release Q4 Earnings on February 26
- Earnings Announcement: Braemar Hotels & Resorts is set to announce its Q4 earnings on February 26 after market close, with a consensus EPS estimate of -$0.51, reflecting an 8.5% year-over-year decline, indicating ongoing profitability concerns for the company.
- Revenue Decline: The expected revenue for Q4 is $147.2 million, representing a 15.1% year-over-year decrease, which highlights the challenges the company faces in the current economic environment and may impact its future investment appeal.
- Earnings Forecast Changes: Over the past three months, there have been no upward revisions and one downward revision in EPS estimates, suggesting analysts' cautious outlook on the company's profitability prospects, which could lead to diminished investor confidence.
- Stable Revenue Projections: Despite no changes in revenue estimates, the persistent negative outlook may exert pressure on Braemar's stock price, prompting investors to closely monitor the upcoming earnings report to assess the company's financial health.
See More
Braemar Hotels Announces February 2026 Preferred Dividends
- Preferred Dividend Declaration: Braemar Hotels' Board announced February 2026 preferred dividends, with a cash dividend of $0.1146 per share for the 5.5% Series B Cumulative Convertible Preferred Stock, payable on April 15, 2026, demonstrating the company's commitment to shareholder returns.
- Diverse Preferred Payments: The 8.25% Series D Preferred Stock will receive a cash dividend of $0.17187 per share, also payable on April 15, 2026, indicating the company's efforts to maintain cash flow and attract investors.
- Series E and M Dividend Details: The Series E Redeemable Preferred Stock will pay a cash dividend of $0.15625 per share, while different CUSIPs of Series M will pay $0.17917 and $0.17708 per share, respectively, on March 16, 2026, showcasing the company's strategic approach to diversifying its financing channels.
- Equity Status Update: As of January 31, 2026, Braemar had 11,778,269 shares of Series E and 1,388,674 shares of Series M Redeemable Preferred Stock outstanding, reflecting the company's stable capital structure and positioning in the high-growth luxury hotel sector.
See More
Braemar Hotels Announces February 2026 Preferred Dividends
- Dividend Announcement: Braemar Hotels & Resorts has declared preferred dividends for February 2026, with a cash dividend of $0.1146 per share for the 5.5% Series B Cumulative Convertible Preferred Stock, to be paid on April 15, 2026, demonstrating the company's commitment to shareholder returns.
- Multiple Preferred Dividends: The company also announced a cash dividend of $0.17187 per share for the 8.25% Series D Preferred Stock, which will be paid on April 15, 2026, reflecting stable cash flow in the high-growth luxury hotel market.
- Series E and M Preferred Stocks: For the Series E Redeemable Preferred Stock, a cash dividend of $0.15625 per share will be paid on March 16, 2026, while the Series M Preferred Stock will see dividends of $0.17917 and $0.17708 per share, showcasing the company's flexibility in its diversified financing structure.
- Equity Status: As of January 31, 2026, Braemar had 11,778,269 shares of Series E Redeemable Preferred Stock and 1,388,674 shares of Series M Redeemable Preferred Stock issued and outstanding, indicating the company's active presence in the preferred stock market and the robustness of its capital structure.
See More
