NYSE$BHR

Braemar Hotels & Resorts Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Braemar Hotels & Resorts reported Q1 2025, revenue of $136.1M, net income of $10.7M.

For Q1 2025, Braemar Hotels & Resorts reported revenue of $136.1M, net income of $10.7M. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Q1 2025 revenue $136.1M.
  • Net income $10.7M.
  • Braemar Hotels & Resorts highlights liquidity, execution, and sector-specific risks in MD&A.

Headline financials

Total Revenue

$216M

Previous: $219M-1.5%
EPS (adj)

$0.40

Previous: $0.05+700.0%
Comparable RevPAR

$404.00

Previous: $387.90+4.2%
Adjusted EBITDAre

$63M

Previous: $66.2M-4.8%
Resort Hotel EBITDA

$70.8M

Previous: $67.2M+5.3%
Net Debt to Gross Assets

42.3%

No prior period
FY2025 Capex

$15.3M

No prior period
ADR Growth

626.0%

Previous: 598.6%+4.6%
Capital Expenditures

-$15.3M

Previous: -$23.3M+34.4%
Net Income

$11M

Previous: $15.9M-31.0%
Operating Income

$36.7M

Previous: $42.5M-13.5%

Revenue & EPS history

Braemar · Revenue · Quarterly

$216M

Q1 2025-1.5%vs Q1 2024
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

REIT filers discuss occupancy, AFFO, and dividend coverage rather than GAAP EPS guidance.

Tailwinds

  • Lease escalators and renewal spreads when travel demand holds.
  • Balance sheet refinancing at improved terms.
  • Selective acquisitions accretive to AFFO.

Headwinds

  • Interest expense on floating-rate debt.
  • Lodging demand cyclicality.
  • Capital markets access for refinancing.

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 2025

Historical avgQ1 2025

-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

Earnings price reactions
QuarterReport dateReaction (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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