NYSE$BHR

Braemar Hotels & Resorts Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results and performance measures, demonstrating growth in RevPAR, ADR, and occupancy compared to the prior year quarter.

Braemar Hotels & Resorts reported a solid fourth quarter in 2022, marked by an 8.3% increase in comparable RevPAR and a 33% growth in Adjusted EBITDAre compared to the prior year quarter. The company also completed the acquisition of the Four Seasons Resort Scottsdale and increased its quarterly common stock dividend.

  • Comparable RevPAR increased 8.3% year-over-year to $301.
  • Adjusted EBITDAre grew by 33% year-over-year to $39.2 million.
  • Completed the acquisition of the Four Seasons Resort Scottsdale.
  • Increased quarterly common stock dividend to $0.05 per share.

Headline financials

Total Revenue

$172M

Previous: $130M+31.6%
EPS (adj)

$0.16

Previous: $0.23-30.4%
Net Income

-$4.55M

Previous: -$2.29M-98.5%
Operating Income

$12.1M

Previous: $6.89M+75.1%
Gross Profit

$39M

Previous: $31.4M+24.3%
Cash & Equivalents

$262M

Previous: $216M+21.1%
Total Assets

$2.4B

Previous: $1.88B+27.6%
Stock-Based Comp

$2.34M

Previous: $2.92M-19.7%

Revenue & EPS history

Braemar · Revenue · Quarterly

$172M

Q4 2022+31.6%vs Q4 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

Braemar anticipates strong leisure demand and continued recovery of its urban portfolio in 2023.

Tailwinds

  • Expectations for strong leisure demand
  • Continued recovery of urban portfolio
  • Well positioned to capitalize on market trends
  • Focus on creating long-term shareholder value
  • Expects to pay a quarterly cash dividend of $0.05 per share for 2023

Headwinds

  • General volatility of the capital markets
  • Changes in the markets in which we operate
  • Changes in interest rates or the general economy
  • Degree and nature of competition
  • Ability to repay, refinance or restructure our debt

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 Q4 2022

Historical avgQ4 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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro