NYSE$BHR

Braemar Hotels & Resorts Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported second quarter 2022 results with comparable RevPAR increased by 43% to $314.

Braemar Hotels & Resorts Inc. reported strong second quarter 2022 results, with significant increases in comparable RevPAR, Adjusted EBITDAre, and Comparable Hotel EBITDA compared to the prior year quarter. The company's urban portfolio has recovered, contributing significantly to the overall performance.

  • Comparable RevPAR increased 43% year-over-year to $313.96.
  • Net income attributable to common stockholders was $10.3 million, or $0.12 per diluted share.
  • Adjusted funds from operations (AFFO) was $0.37 per diluted share, an 85% increase year-over-year.
  • Adjusted EBITDAre was $50.1 million, reflecting a 155% increase over the prior year quarter.

Headline financials

Total Revenue

$175M

Previous: $97.1M+80.1%
EPS (adj)

$0.37

Previous: $0.01+3600.0%
Capital Expenditures

-$19.9M

Previous: -$9.09M-118.9%
Free Cash Flow

-$5.54M

Previous: -$18.3M+69.7%
Net Income

$14.4M

Previous: -$9.23M+255.6%
Operating Income

$26.8M

Previous: -$2.79M+1060.0%
Gross Profit

-$114M

Previous: -$66.2M-71.6%
Cash & Equivalents

$251M

Previous: $158M+59.2%
Total Assets

$2.09B

Previous: $1.76B+18.9%
Stock-Based Comp

$3.3M

Previous: $2.81M+17.5%

Revenue & EPS history

Braemar · Revenue · Quarterly

$175M

Q2 2022+80.1%vs Q2 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

The company expects strong leisure demand balanced by its soon to be fully recovered urban portfolio.

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 Q2 2022

Historical avgQ2 2022

-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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