NYSE$BHR
Braemar Hotels & Resorts Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Braemar reported financial results and performance measures
Braemar Hotels & Resorts reported a net loss attributable to common stockholders of $15.5 million, or $0.48 per diluted share, for the first quarter ended March 31, 2020. Comparable RevPAR for all hotels decreased 14.8% to $206.90 during the quarter. Adjusted EBITDAre was $18.5 million for the quarter.
- Temporarily suspended operations at 11 properties, with the remaining 2 operating at reduced levels.
- Proactively cut operating costs, resulting in an approximate 90% reduction in property-level staffing.
- Significantly reduced planned capital expenditures for the year from a range of $45-$65 million to a range of $15-$25 million.
- Suspended its common dividend, conserving approximately $6 million per calendar quarter.
Headline financials
Revenue & EPS history
Braemar · Revenue · Quarterly
$118M
Forward guidance
Braemar's strategic actions in response to the crisis have been focused on ensuring the safety of associates and guests, protecting hotels and maintaining adequate levels of liquidity. The company expects to begin to ramp up in the second half of this year and looks forward to continuing to deleverage as positive operating cash flows resume and hotels return to profitability.
Tailwinds
- Ensuring the safety of associates and guests
- Protecting hotels
- Maintaining adequate levels of liquidity
- Well positioned portfolio
- Recent renovations
Headwinds
- Uncertainty and global concern as a result of the devastating COVID-19 pandemic
- Significant challenges to the hospitality industry
- Suspended operations at 11 properties
- Reduced levels of operation at remaining 2 properties
- Economic uncertainty arising from the COVID-19 pandemic
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2020
-0.9%
Avg return
Earnings day
-1.1%
Avg return
5 days after
-2.7%
Avg return
30 days after
53%
28 / 53 earnings
Positive
+10.6%
Q3 2024
Best reaction
-20.9%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +7.4% | -2.0% | — | |
| Q4 2025 | -5.2% | -6.2% | -27.0% | |
| Q3 2025 | +3.2% | +8.8% | +6.0% | |
| Q1 2025 | +3.6% | +10.4% | +25.5% | |
| Q4 2024 | +0.4% | +16.6% | +1.5% | |
| Q3 2024 | +10.6% | +22.0% | +25.2% | |
| Q2 2024 | -13.3% | -22.3% | -17.5% | |
| Q1 2024 | +1.1% | +5.2% | +6.0% | |
| Q4 2023 | -4.0% | -9.0% | -10.3% | |
| Q3 2023 | -20.4% | -24.6% | -11.9% | |
| Q2 2023 | -8.4% | -11.4% | -26.5% | |
| Q1 2023 | +0.3% | +1.8% | +3.6% | |
| Q4 2022 | +6.5% | +2.5% | -18.6% | |
| Q3 2022 | -20.9% | -24.2% | -24.2% | |
| Q2 2022 | +3.7% | +1.5% | -1.5% | |
| Q1 2022 | +0.7% | -6.7% | +0.8% | |
| Q4 2021 | +5.8% | -2.0% | +2.7% | |
| Q3 2021 | +2.9% | +11.3% | -2.3% | |
| Q2 2021 | -2.5% | -0.4% | -1.5% | |
| Q1 2021 | +0.4% | +1.0% | -12.6% | |
| Q4 2020 | -4.1% | -10.7% | -12.0% | |
| Q3 2020 | +0.9% | +3.4% | +97.4% | |
| Q2 2020 | -4.3% | -3.1% | -1.2% | |
| Q1 2020 | -1.1% | +13.9% | +24.0% | |
| Q4 2019 | -2.4% | -4.7% | -75.6% | |
| Q3 2019 | +0.1% | +4.7% | +6.4% | |
| Q2 2019 | -5.8% | -12.2% | -1.2% | |
| Q1 2019 | -5.8% | -2.2% | -24.9% | |
| Q4 2018 | +3.8% | +4.0% | -2.6% | |
| Q3 2018 | +0.9% | -4.9% | -12.4% | |
| Q2 2018 | +2.8% | -1.8% | +1.0% | |
| Q1 2018 | -3.1% | -0.2% | +4.3% | |
| Q4 2017 | +5.4% | +8.3% | +13.0% | |
| Q3 2017 | +2.6% | -6.4% | -4.8% | |
| Q2 2017 | -7.3% | -3.7% | -6.9% | |
| Q1 2017 | -3.4% | -4.3% | -9.3% | |
| Q4 2016 | +0.3% | -3.1% | -24.2% | |
| Q3 2016 | -1.2% | -0.4% | +5.2% | |
| Q2 2016 | +7.8% | +6.7% | +4.9% | |
| Q1 2016 | +4.3% | — | — | |
| Q4 2015 | -3.4% | — | — | |
| Q3 2015 | -0.8% | — | — | |
| Q2 2015 | -7.0% | — | — | |
| Q1 2015 | +0.8% | — | — | |
| Q4 2012 | +0.1% | — | — | |
| Q4 2014 | +0.2% | — | — | |
| Q3 2013 | +0.6% | — | — | |
| Q3 2014 | +2.4% | — | — | |
| Q2 2013 | -0.9% | — | — | |
| Q2 2014 | -0.3% | — | — | |
| Q1 2013 | -0.5% | — | — | |
| Q1 2014 | -0.2% | — | — | |
| Q4 2013 | -1.0% | — | — | |
| Q3 2012 | — | — | — |
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