NYSE$BHR

Braemar Hotels & Resorts Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported financial results and performance measures for the third quarter ended September 30, 2020.

Braemar Hotels & Resorts reported a net loss attributable to common stockholders of $18.7 million, with a comparable RevPAR decrease of 65.6% to $80.84. The company achieved positive Hotel EBITDA across its portfolio, driven by strong occupancy at leisure properties, and signed several forbearance agreements, resulting in no loan defaults.

  • Net loss attributable to common stockholders for the quarter was $18.7 million or $0.55 per diluted share.
  • Comparable RevPAR for all hotels decreased 65.6% to $80.84 during the quarter.
  • Adjusted EBITDAre was negative $3.1 million for the quarter.
  • Comparable Hotel EBITDA was $0.4 million for the quarter.

Headline financials

Total Revenue

$44.8M

Previous: $119M-62.4%
EPS (adj)

-$0.15

Previous: $0.29-151.7%
Capital Expenditures

-$21.5M

Previous: -$108M+80.2%
Free Cash Flow

-$40.1M

Previous: -$118M+65.9%
Net Income

-$18.7M

Previous: -$9.39M-98.9%
Operating Income

-$14.3M

Previous: $7.32M-295.6%
Gross Profit

$6.95M

Previous: $39.7M-82.5%
Cash & Equivalents

$88.2M

Previous: $82.6M+6.8%
Total Assets

$1.7B

Previous: $1.77B-3.6%
Stock-Based Comp

$2.01M

Previous: $2.36M-15.0%

Revenue & EPS history

Braemar · Revenue · Quarterly

$44.8M

Q3 2020-62.4%vs Q3 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Braemar will continue to focus on ways to maximize value for its shareholders as they navigate these uncertain times.

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 Q3 2020

Historical avgQ3 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

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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