NYSE$BHR
Braemar Hotels & Resorts Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported financial results and performance measures for the second quarter ended June 30, 2024.
Braemar Hotels & Resorts reported a net loss attributable to common stockholders of $(21.9) million or $(0.33) per diluted share for the quarter. Comparable RevPAR for all hotels decreased 1.5% over the prior year quarter to $305. The Company ended the quarter with cash and cash equivalents of $120.3 million.
- Comparable RevPAR for all hotels decreased 1.5% over the prior year quarter to $305.
- Net loss attributable to common stockholders for the quarter was $(21.9) million or $(0.33) per diluted share.
- Adjusted EBITDAre was $42.7 million for the quarter.
- The Company ended the quarter with cash and cash equivalents of $120.3 million.
Headline financials
Revenue & EPS history
Braemar · Revenue · Quarterly
$188M
Forward guidance
Braemar Hotels & Resorts announced a shareholder value creation plan that includes the sale of the Hilton La Jolla Torrey Pines as well as the potential sale of one or two additional hotels, the payoff of its remaining 2024 debt maturities, a $50 million preferred share redemption program, and a new $50 million share buyback authorization.
Tailwinds
- Sale of the Hilton La Jolla Torrey Pines
- Potential sale of one or two additional hotels
- Payoff of its remaining 2024 debt maturities
- A $50 million preferred share redemption program
- A new $50 million share buyback authorization
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 2024
-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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