Braemar Hotels & Resorts Inc. (BHR)

Braemar Hotels & Resorts Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	443.5	452.36	464.9	431.52	280.57	136.27
Other Revenue	271.66	274.44	274.19	237.74	146.72	86.49
Total Revenue	715.16	726.8	739.09	669.26	427.29	222.76
Revenue Growth (YoY	-3.84%	-1.66%	10.43%	56.63%	91.82%	-52.41%
Property Expenses	531.7	537.74	533.39	469.75	318.02	216.36
Selling, General & Administrative	48.99	51.35	51.01	53.43	35.36	27.24
Depreciation & Amortization	95.37	98.73	93.27	78.12	73.76	73.37
Total Operating Expenses	676.06	687.82	677.67	601.31	427.14	316.97
Operating Income	39.1	38.98	61.42	67.95	0.15	-94.22
Interest Expense	-111.31	-114.24	-97.71	-52.31	-32.86	-49.02
Interest & Investment Income	8.67	7.14	6.4	2.68	0.05	0.18
Other Non-Operating Income	-2.11	0.59	-0.37	4.96	0.73	-0.17
EBT Excluding Unusual Items	-65.64	-67.54	-30.26	23.28	-31.94	-143.23
Merger & Restructuring Charges	-	-	-	-	-0.56	-
Gain (Loss) on Sale of Assets	88.17	88.17	-	-	-	-
Total Insurance Settlements	-	-	-	-	-	14.15
Total Legal Settlements	-	-	-	0.11	0.92	-
Other Unusual Items	-	-0.02	2.32	-	-	-
Pretax Income	22.53	20.61	-27.94	23.39	-31.59	-129.08
Income Tax Expense	0.63	0.84	2.69	4.04	1.32	-4.41
Earnings From Continuing Operations	21.9	19.76	-30.63	19.35	-32.91	-124.68
Minority Interest in Earnings	-22.43	-21.46	3.61	-1.59	6.25	19.42
Net Income	-0.53	-1.69	-27.02	17.76	-26.66	-105.26
Preferred Dividends & Other Adjustments	50.68	49.35	47.28	28.52	13.2	10.02
Net Income to Common	-51.21	-51.05	-74.3	-10.76	-39.86	-115.28
Basic Shares Outstanding	67	67	66	70	53	34
Diluted Shares Outstanding	67	67	66	70	53	34
Shares Change (YoY)	2.66%	0.77%	-5.31%	32.27%	54.96%	5.29%
EPS (Basic)	-0.77	-0.77	-1.13	-0.15	-0.76	-3.39
EPS (Diluted)	-0.77	-0.77	-1.13	-0.15	-0.76	-3.39
Dividend Per Share	0.200	0.200	0.200	0.080	-	-
Dividend Growth	-	-	150.00%	-	-	-
Operating Margin	5.47%	5.36%	8.31%	10.15%	0.03%	-42.30%
Profit Margin	-7.16%	-7.02%	-10.05%	-1.61%	-9.33%	-51.75%
EBITDA	134.46	137.71	154.69	146.07	73.91	-20.85
EBITDA Margin	18.80%	18.95%	20.93%	21.83%	17.30%	-9.36%
D&A For Ebitda	95.35	98.74	93.27	78.12	73.76	73.37
EBIT	39.1	38.98	61.42	67.95	0.15	-94.22
EBIT Margin	5.47%	5.36%	8.31%	10.15%	0.03%	-42.30%
Funds From Operations (FFO)	-23.89	-21.11	10.72	64.33	26.78	-68.18
FFO Per Share	-0.33	-0.29	0.15	-	-	-
Adjusted Funds From Operations (AFFO)	-	15.68	43.89	93.14	48.84	-48.65
AFFO Per Share	-	0.21	0.61	-	-	-
Effective Tax Rate	2.78%	4.09%	-	17.28%	-	-
Revenue as Reported	716.64	728.4	739.34	669.59	427.54	226.97

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q