NYSE$BHR

Braemar Hotels & Resorts Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported financial results and performance measures.

Braemar Hotels & Resorts Inc. reported a decrease in comparable RevPAR for all hotels by 4% to $288, with a net loss attributable to common stockholders of $(31.1) million or $(0.47) per diluted share for the quarter.

  • Comparable RevPAR for all hotels decreased 4% over the prior year quarter to $288.
  • Net loss attributable to common stockholders for the quarter was $(31.1) million or $(0.47) per diluted share.
  • Adjusted EBITDAre was $37.4 million for the quarter.
  • The Company ended the quarter with cash and cash equivalents of $85.6 million.

Headline financials

Total Revenue

$178M

Previous: $172M+3.4%
EPS (adj)

$0.04

Previous: $0.16-75.0%
Comparable RevPAR

$299.17

No prior period
Adjusted EBITDAre

$37.4M

No prior period
Resort Hotel EBITDA

$40.8M

No prior period
ADR Growth

478.0%

No prior period
Net Income

-$31.1M

Previous: -$4.55M-583.5%
Operating Income

$5.84M

Previous: $12.1M-51.6%
Gross Profit

$18M

Previous: $39M-53.7%
Stock-Based Comp

$2.39M

Previous: $2.34M+2.0%

Revenue & EPS history

Braemar · Revenue · Quarterly

$178M

Q4 2023+3.4%vs Q4 2022
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

The Company expects a more favorable refinancing environment going forward, which will continue to reduce the Company’s interest expense on these and other future financings.

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 2023

Historical avgQ4 2023

-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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