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DALLAS, TX - Braemar Hotels & Resorts Inc. disclosed in a recent 8-K filing with the Securities and Exchange Commission (SEC) that the company held its first-quarter earnings conference call on Thursday. The call discussed the company’s financial results for the quarter ending March 31, 2025.
The 8-K filing, dated May 8, 2025, included a transcript of the earnings call as Exhibit 99.1. This follows the company’s previous filing on May 7, 2025, which contained the actual earnings release text and supplemental tables.
Braemar Hotels & Resorts, operating under the Real Estate Investment Trusts industry and headquartered in Dallas, Texas, emphasized that the information provided in the call and the exhibits attached to the filing should not be considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934. Furthermore, the information should not be deemed incorporated by reference in any filing under the Securities Act of 1933, unless explicitly stated in such a filing.
The company’s common stock (NYSE:BHR), preferred stock, Series B (NYSE:BHR-PB), and preferred stock, Series D (NYSE:BHR-PD) are listed and traded on the New York Stock Exchange. The filing also confirmed that Braemar Hotels & Resorts Inc. is not an emerging growth company as defined in applicable SEC rules.
This 8-K filing provides investors with the latest financial information from the company and includes details about the earnings call, which is an essential event for shareholders and potential investors to understand the company’s performance and future outlook. InvestingPro subscribers can access comprehensive analysis showing the company’s current financial health score of 2.33 (Fair), with particular concerns about short-term obligations exceeding liquid assets. The full transcript of the earnings call can be found in the exhibit attached to the 8-K filing.
The document was officially signed by Deric S. Eubanks, the Chief Financial Officer of Braemar Hotels & Resorts Inc., ensuring the accuracy and authorization of the report. The company’s SEC filing is a routine disclosure that public companies are required to submit to provide transparency to the market and their investors.
The information reported is based on the 8-K filing by Braemar Hotels & Resorts Inc. with the SEC.
In other recent news, Braemar Hotels and Resorts Inc. reported its Q1 2025 earnings, revealing a net loss of $2.5 million, or $0.04 per diluted share, which exceeded analysts’ expectations of a $0.15 loss per share. The company’s revenue was $218.41 million, slightly under the forecast of $221.68 million. Despite the revenue shortfall, Braemar’s operational improvements and cost efficiencies were noted, contributing to investor optimism. Additionally, the company achieved a 4.2% growth in comparable RevPAR, with urban hotels experiencing an 11.3% increase.
Analysts have recognized Braemar’s strategic efforts, with the company considering potential asset sales of 1-2 upper upscale properties, potentially for preferred equity redemptions or debt retirement. The company’s recent refinancing activities, including a $363 million loan, have improved its maturity schedule and reduced capital costs. Furthermore, Braemar has been proactive in budgeting and cost management, with CFO Derek Eubanks noting aggressive cost containment measures. The company remains cautiously optimistic about its future performance, focusing on portfolio enhancements and operational efficiencies.
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