Braemar Hotels & Resorts reports Q4 earnings

Braemar Hotels & Resorts Inc. (NYSE:BHR) disclosed its fourth-quarter earnings for the period ending December 31, 2024, in a conference call held today. The company, which operates within the real estate investment trusts industry, had previously filed the actual earnings release text and supplemental tables on February 26, 2025.

During the earnings call, Braemar Hotels & Resorts reviewed its financial performance, providing insights into its earnings results. The company’s earnings transcript, which offers detailed information on the quarter’s financial outcomes, has been filed with the SEC and is attached as Exhibit 99.1 to the Form 8-K.

The information in the Form 8-K, including the attached exhibits, is not considered "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it incorporated by reference in any filing under the Securities Act of 1933, except as explicitly referenced in such filings.

Braemar Hotels & Resorts, headquartered in Dallas, Texas, is listed on the New York Stock Exchange under the ticker BHR. The company also has preferred stock listed on the NYSE under the symbols BHR-PB and BHR-PD.

The SEC filing provides a snapshot of the company’s financial status as of the end of the fourth quarter of 2024, and it is an essential document for investors seeking the latest financial data on Braemar Hotels & Resorts. This press release statement is the source for the facts reported in this article.

In other recent news, Braemar Hotel & Resorts Inc. reported a net loss of $31.1 million for the fourth quarter of 2024, with earnings per share (EPS) of -$0.47, which was below the forecasted -$0.33. However, the company’s revenue exceeded expectations, reaching $173.34 million compared to the forecast of $165.31 million. Despite the positive revenue figures, the earnings miss has raised concerns among investors. The company has completed several renovations and reported a strong group booking pace, which may bode well for future performance. Analysts have noted the high net debt to gross assets ratio as a potential concern for Braemar’s financial stability. The company is actively discussing refinancing options for a significant loan maturing in June 2025, with no further debt maturities expected in 2025 after this refinancing. Braemar remains optimistic about growth in resort markets and continues to focus on revenue optimization and expense management. The company has also been involved in community support efforts, providing accommodations for those affected by recent fires in Southern California.

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