Braemar Hotels & Resorts Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	608.53	633.61	650.23	590.76	370.87
Service and Other Revenue	95.49	94.79	89.11	78.83	56.68
Revenue	704.02	728.4	739.34	669.59	427.54
Revenue Growth (YoY)	-3.35%	-1.48%	10.42%	56.61%	88.37%
Property Expenses	492.19	501.73	501.16	445.49	287.03
Total Property Expenses	492.19	501.73	501.16	445.49	287.03
Property Taxes	34.25	42.51	38.63	30.77	35
Gross Profit	177.58	184.17	199.56	193.33	105.52
Selling, General & Admin	40.94	44.85	44.61	46.93	31.36
Depreciation & Amortization Expenses	92.58	98.73	93.27	78.12	73.76
Other Operating Expenses	54.49	-	-	0.11	1.48
Operating Income	72.36	128.75	61.67	68.39	1.45
Net Gains on Disposal of Properties	82.8	88.17	-	-	0.7
Interest Income	6.3	8.74	6.65	3.01	0.3
Interest Expense	-100.37	-114.24	-97.71	-52.31	-32.86
Other Non-Operating Income (Expense)	4.61	-0.56	-1.95	-4.96	-0.03
Total Non-Operating Income (Expense)	-6.66	-17.89	-93	-54.27	-31.9
Pretax Income	-26.43	20.61	-27.94	23.39	-31.59
Provision for Income Taxes	1.98	0.84	2.69	4.04	1.32
Net Income	-72.7	-50.95	-74.04	-10.7	-40
Minority Interest in Earnings	-6.09	21.46	-3.61	1.59	-6.25
Net Income Attributable to Preferred Dividends	50.39	49.25	47.02	28.46	13.34
Net Income to Common	-72.7	-50.95	-74.04	-10.7	-40
Shares Outstanding (Basic)	68	67	66	70	53
Shares Outstanding (Diluted)	68	67	66	70	53
Shares Change (YoY)	1.69%	0.77%	-5.31%	32.27%	54.96%
EPS (Basic)	-1.07	-0.77	-1.13	-0.15	-0.76
EPS (Diluted)	-1.07	-0.77	-1.13	-0.15	-0.76
Free Cash Flow	-42.64	-3.78	7.6	60.34	38.31
Free Cash Flow Growth	-	-	-87.41%	57.51%	-
Free Cash Flow Per Share	-0.63	-0.06	0.12	0.87	0.73
Dividends Per Share	0.200	0.200	0.200	0.080	-
Dividend Growth	-	-	150.00%	-	-
Gross Margin	25.22%	25.28%	26.99%	28.87%	24.68%
Operating Margin	10.28%	17.68%	8.34%	10.21%	0.34%
Profit Margin	-4.04%	2.71%	-4.14%	2.89%	-7.70%
FCF Margin	-6.06%	-0.52%	1.03%	9.01%	8.96%
EBITDA	164.94	227.48	154.95	146.52	75.21
EBITDA Margin	23.43%	31.23%	20.96%	21.88%	17.59%
EBIT	72.36	128.75	61.67	68.39	1.45
EBIT Margin	10.28%	17.68%	8.34%	10.21%	0.34%
Effective Tax Rate	-7.49%	4.09%	-9.62%	17.28%	-4.19%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q