Braemar Hotels & Resorts Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Property, Plant & Equipment	1,713	1,814	1,963	1,964	1,526	1,506
Cash & Equivalents	116.28	135.47	85.6	261.54	216	78.61
Accounts Receivable	32.82	31.75	39.2	51.45	23.7	13.56
Other Receivables	23.13	22.87	17.74	27.56	28.87	12.9
Investment In Debt and Equity Securities	17.28	41.54	-	-	-	-
Other Intangible Assets	2.84	3.13	3.5	3.88	4.26	4.64
Loans Receivable Current	8.75	8.28	-	-	-	-
Restricted Cash	47.68	49.59	80.9	54.16	47.38	34.54
Other Current Assets	27.07	9.78	14.94	12.28	7.85	7.32
Trading Asset Securities	0.16	0.36	2.85	6.48	0.14	-
Deferred Long-Term Tax Assets	-	-	-	0.01	0.06	-
Deferred Long-Term Charges	0.08	0.08	0.08	-	-	-
Other Long-Term Assets	19.83	19.68	19.43	16.3	25.22	16.61
Total Assets	2,009	2,136	2,227	2,398	1,880	1,674
Current Portion of Long-Term Debt	129.66	293.18	389.78	-	-	-
Current Portion of Leases	-	1.22	-	-	-	-
Long-Term Debt	1,030	916.84	772.66	1,334	1,173	1,131
Long-Term Leases	20.01	18.77	60.38	60.69	60.94	60.92
Accounts Payable	150.13	84.87	100.47	87.98	96.32	61.64
Accrued Expenses	-	3.22	4.38	10.01	1.47	0.95
Current Unearned Revenue	-	58.7	49.4	46	-	-
Other Current Liabilities	13.3	12.83	8.47	10.56	4.22	5.95
Other Long-Term Liabilities	25.19	24.27	22.76	22.34	20.03	18.08
Total Liabilities	1,373	1,414	1,408	1,572	1,356	1,278
Preferred Stock, Convertible	409.12	454.86	488.1	391.7	105.5	106.97
Common Stock	0.68	0.67	0.67	0.7	0.65	0.38
Additional Paid-In Capital	727.03	718.54	718.5	734.13	707.42	541.87
Retained Earnings	-515.84	-477.8	-412.2	-324.74	-309.24	-266.01
Comprehensive Income & Other	-0	-0.68	-	-	-	-
Total Common Equity	211.87	240.71	306.97	410.09	398.83	276.24
Minority Interest	15.04	26.6	23.46	24.21	19.54	12.57
Shareholders' Equity	636.03	722.17	818.53	826	523.87	395.77
Total Liabilities & Equity	2,009	2,136	2,227	2,398	1,880	1,674
Total Debt	1,185	1,230	1,223	1,395	1,234	1,192
Net Cash (Debt)	-1,068	-1,094	-1,134	-1,127	-1,017	-1,113
Net Cash Per Share	-15.90	-16.45	-17.19	-16.17	-19.31	-32.73
Filing Date Shares Outstanding	68.22	67.05	66.35	65.6	64.39	39.92
Total Common Shares Outstanding	68.22	66.61	66.47	69.48	64.41	37.74
Book Value Per Share	3.11	3.61	4.62	5.90	6.19	7.32
Tangible Book Value	209.03	237.59	303.46	406.21	394.57	271.6
Tangible Book Value Per Share	3.06	3.57	4.57	5.85	6.13	7.20
Land	611.64	630.84	630.84	630.49	480.53	455.3
Buildings	1,321	1,443	1,548	1,525	1,229	1,190
Construction In Progress	23.15	20.42	36.95	22.89	12.04	11.42

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.