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In a year marked by economic uncertainties, Braemar Hotels & Resorts Inc. (BHR) stock has experienced a notable downturn, reaching a 52-week low of $1.99. This latest price level reflects a challenging period for the hospitality sector, as companies continue to navigate the post-pandemic recovery landscape. Despite the dip to this year's low, BHR has seen a modest 1-year change with an increase of 2.62%, indicating some resilience in investor sentiment. The stock's performance, while currently subdued, suggests that market watchers are keeping a close eye on the industry's potential for a rebound as travel and tourism gradually pick up. InvestingPro subscribers have access to 10 additional key insights and a comprehensive Pro Research Report that could help navigate this volatile stock's future trajectory.
In other recent news, Braemar Hotels & Resorts Inc. reported its fourth-quarter earnings for 2024, revealing a net loss of $31.1 million, equating to an earnings per share (EPS) of -$0.47, which missed the forecasted -$0.33. Despite this earnings miss, the company's revenue exceeded expectations, reaching $173.34 million compared to the forecast of $165.31 million. The company's adjusted EBITDAre for the quarter was $30.2 million, contributing to the full-year adjusted EBITDAre of $157.6 million. Total (EPA:TTEF) assets were reported at $2.1 billion, with $1.2 billion in loans carrying an average interest rate of 7.2%. Braemar is actively engaged in discussions to refinance its remaining 2025 debt maturity, with expectations of improved terms due to a more favorable debt market. Additionally, the company has redeemed approximately $80 million of its non-traded preferred stock, which is part of its strategy to deleverage and improve cash flow. Looking ahead, Braemar sees strong momentum in its resort markets and is optimistic about its group booking pace, supported by recent renovations and strategic pricing initiatives.
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