Braemar Hotels & Resorts Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	601.79	608.53	633.61	650.23	590.76	370.87
Service and Other Revenue	95.39	95.49	94.79	89.11	78.83	56.68
Revenue	697.18	704.02	728.4	739.34	669.59	427.54
Revenue Growth (YoY)	-3.86%	-3.35%	-1.48%	10.42%	56.61%	88.37%
Property Expenses	486.33	492.19	501.73	501.16	445.49	287.03
Total Property Expenses	486.33	492.19	501.73	501.16	445.49	287.03
Property Taxes	28.44	34.25	42.51	38.63	30.77	35
Gross Profit	182.41	177.58	184.17	199.56	193.33	105.52
Selling, General & Admin	43.71	40.94	44.85	44.61	46.93	31.36
Depreciation & Amortization Expenses	91.76	92.58	98.73	93.27	78.12	73.76
Other Operating Expenses	-	54.49	-	-	0.11	1.48
Operating Income	75.25	72.36	128.75	61.67	68.39	1.45
Net Gains on Disposal of Properties	82.8	82.8	88.17	-	-	0.7
Interest Income	5.26	6.3	8.74	6.65	3.01	0.3
Interest Expense	-95.28	-100.37	-114.24	-97.71	-52.31	-32.86
Other Non-Operating Income (Expense)	2.92	4.61	-0.56	-1.95	-4.96	-0.03
Total Non-Operating Income (Expense)	-4.31	-6.66	-17.89	-93	-54.27	-31.9
Pretax Income	-19.12	-26.43	20.61	-27.94	23.39	-31.59
Provision for Income Taxes	1.93	1.98	0.84	2.69	4.04	1.32
Net Income	-65.26	-72.7	-50.95	-74.04	-10.7	-40
Minority Interest in Earnings	-5.44	-6.09	21.46	-3.61	1.59	-6.25
Net Income Attributable to Preferred Dividends	49.64	50.39	49.25	47.02	28.46	13.34
Net Income to Common	-65.26	-72.7	-50.95	-74.04	-10.7	-40
Shares Outstanding (Basic)	68	68	67	66	70	53
Shares Outstanding (Diluted)	77	68	67	66	70	53
Shares Change (YoY)	16.06%	1.69%	0.77%	-5.31%	32.27%	54.96%
EPS (Basic)	-0.96	-1.07	-0.77	-1.13	-0.15	-0.76
EPS (Diluted)	-0.96	-1.07	-0.77	-1.13	-0.15	-0.76
Shares Outstanding	68.68	68.22	66.61	66.64	69.92	65.37
Free Cash Flow	-29.84	-42.64	-3.78	7.6	60.34	38.31
Free Cash Flow Growth	-	-	-	-87.41%	57.51%	-
Free Cash Flow Per Share	-0.39	-0.63	-0.06	0.12	0.87	0.73
Dividends Per Share	0.150	0.200	0.200	0.200	0.080	-
Dividend Growth	-25.00%	-	-	150.00%	-	-
Gross Margin	26.16%	25.22%	25.28%	26.99%	28.87%	24.68%
Operating Margin	10.79%	10.28%	17.68%	8.34%	10.21%	0.34%
Profit Margin	-3.02%	-4.04%	2.71%	-4.14%	2.89%	-7.70%
FCF Margin	-4.28%	-6.06%	-0.52%	1.03%	9.01%	8.96%
EBITDA	167.01	164.94	227.48	154.95	146.52	75.21
EBITDA Margin	23.96%	23.43%	31.23%	20.96%	21.88%	17.59%
EBIT	75.25	72.36	128.75	61.67	68.39	1.45
EBIT Margin	10.79%	10.28%	17.68%	8.34%	10.21%	0.34%
Effective Tax Rate	-10.09%	-7.49%	4.09%	-9.62%	17.28%	-4.19%

Updated May 7, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q