Braemar Hotels & Resorts, Inc | REIT Profile

Symbol: BHR
CIK: 1574085
Exchange: NYSE
Preferred Stock: BHR-B, BHR-D
Founded: 2014 (8 years)
HQ: Dallas, TX, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Resorts, Hotel

See BHR on Google Finance
See BHR on Yahoo Finance
See BHR on SEC.gov

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About Braemar Hotels & Resorts, Inc

Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC). Braemar's strategy is to invest primarily in full-service luxury hotels and resorts which are anticipated to generate RevPAR of at least twice the then current U.S. average RevPAR for all hotels as determined by Smith Travel Research. Braemar seeks to acquire both premium branded and independent hotels.


Braemar Hotels & Resorts, Inc Company Logo

Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$3.62 $3.66 $3.60 $3.64 $3.62 $3.61 64,277 $0.01 0.28% $258,671,991 90.50 $6.61 $3.45 -28.51%

Last update: 2022-11-25 10:00:01 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 6.6

Hightlights of Trading Day November 25, 2022


Open Price: $3.64
Closing Price: $3.62
Price Change: 0.01 (0.277%)
Lowest Price: $3.6
Highest Price: $3.66
52-Week Low: $3.45
52-Week High: $6.61
52-Week Change: -25.88%
5 Day Price Change: -0.55%
1 Month Price Change: -23.68%
3 Month Price Change: -35.39%
6 Month Price Change: -29.59%
YTD Price Change: -28.79%
1 Year Price Change: -25.88%
2 Year Price Change: -18.93%
5 Year Price Change: -59.20%

Dividend of Trading Day November 25, 2022


Dividend Yield: 1.105%*
Annualized Dividend: $0.04*
Dividend Yield (TTM): 0.829%
Annualized Dividend (TTM): $0.0299
Ex-Dividend Date: 2022-09-29
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for BHR.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q3 AFFO $--- $--- ---%
2022 Q3 FFO $--- $--- ---%
2022 Q2 FFO $--- $--- ---%
2022 Q2 AFFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day November 25, 2022


Total Cash: $358,878,000
Current Debt: $136,908,000
Revenue: $628,370,000
Gross Profit: $215,745,000
Total Revenue: $628,370,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $139,400,000
Revenue Per Share: $9
Revenue Per Employee: N/A
Employee: N/A
Debt to Equity Ratio (D/E): 3.03
Profit Margin: 0.01%
Enterprise Value (EV): $1,159,524,023
Enterprise Value to Revenue (EV/R): 1.85
Price to Sales (P/S): 0.45
Price to Book (P/B): 0.65
Price/Earnings-to-Growth (PEG) Ratio: 0.82
P/E Ratio: 90.50
P/E High: -41.46
P/E Low: -57.99
Forward P/E Ratio: 25.42
Market Capitalization: $258,671,991
Beta: 1.39
Latest Volume: 64,277
Avg. Total Volume: 534,299
Avg. 10-Day Volume: 390,884
Avg. 30-Day Volume: 534,299
TTM EPS: 0.04
Shares Outstanding: 71,456,351
Float: N/A
50-Day Moving Avg.: $4.24
200-Day Moving Avg.: $4.93

Latest REIT Community Comments on #BHR


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Occupancy Rate



REITBOT
REITBOT™ Alert
The 2022-Q3 occupancy rate for this REIT seems low, make sure to compare it to other REITs in the same industry.

Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $9.70 per share you would have been able to buy 103 shares of BHR on 2021-11-26 costing $999.10 @ $9.70 per share you would have been able to buy 51 shares of BHR on 2021-11-26 costing $494.70 @ $9.70 per share you would have been able to buy 25 shares of BHR on 2021-11-26 costing $242.50 @ $9.70 per share you would have been able to buy 10 shares of BHR on 2021-11-26 costing $97.00 @ $9.70 per share you would have been able to buy 5 shares of BHR on 2021-11-26 costing $48.50
Current worth On 2022-11-25 these 103 shares would be worth $372.86 @ $3.62 On 2022-11-25 these 51 shares would be worth $184.62 @ $3.62 On 2022-11-25 these 25 shares would be worth $90.50 @ $3.62 On 2022-11-25 these 10 shares would be worth $36.20 @ $3.62 On 2022-11-25 these 5 shares would be worth $18.10 @ $3.62
Dividends earned $3.09 in dividends would have been earned since 2021-11-26 with 103 shares. $2 in dividends would have been earned since 2021-11-26 with 51 shares. $0.75 in dividends would have been earned since 2021-11-26 with 25 shares. $0.30 in dividends would have been earned since 2021-11-26 with 10 shares. $0.15 in dividends would have been earned since 2021-11-26 with 51 shares.
Net (gain / loss)* -623.15 USD -308.55 USD -151.25 USD -60.50 USD -30.25 USD
ROI** -62.37% -62.37% -62.37% -62.37% -62.37%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by BHR. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
BHR 2022-09-29 0.010 --- 2022-09-08 2022-09-30 2022-10-17
BHR 2022-06-29 0.010 --- 2022-06-01 2022-06-30 2022-07-15
BHR 2022-03-30 0.010 -93.75% 2022-03-07 2022-03-31 2022-04-15
BHR 2019-12-30 0.160 --- 2019-12-05 2019-12-31 2020-01-15
BHR 2019-09-27 0.160 --- 2019-09-12 2019-09-30 2019-10-15
BHR 2019-06-27 0.160 --- 2019-06-14 2019-06-28 2019-07-15
BHR 2019-03-28 0.160 --- 2019-03-13 2019-03-29 2019-04-15
BHR 2018-12-28 0.160 --- 2018-12-10 2018-12-31 2019-01-15
BHR 2018-09-27 0.160 --- 2018-09-14 2018-09-28 2018-10-15
BHR 2018-06-28 0.160 --- 2018-06-05 2018-06-29 2018-07-16
BHR 2018-03-28 0.160 --- 2018-03-15 2018-03-30 2018-04-16
BHR 2017-12-28 0.160 --- 2017-12-11 2017-12-29 2018-01-16
BHR 2017-09-28 0.160 --- 2017-09-14 2017-09-30 2017-10-16
BHR 2017-06-28 0.160 --- 2017-06-14 2017-06-30 2017-07-17
BHR 2017-03-29 0.160 33.33% 2017-03-14 2017-03-31 2017-04-17
BHR 2016-12-28 0.120 --- 2016-12-12 2016-12-30 2017-01-17
BHR 2016-09-28 0.120 --- 2016-09-15 2016-09-30 2016-10-17
BHR 2016-06-28 0.120 20.00% 2016-06-14 2016-06-30 2016-07-15
BHR 2016-03-29 0.100 --- 2016-03-14 2016-03-31 2016-04-15
BHR 2015-12-29 0.100 --- 2015-12-10 2015-12-31 2016-01-15

Earnings Press Releases


Below are the Earnings Press Releases for BHR. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2021 Q4 BRAEMAR HOTELS & RESORTS ANNOUNCES PRELIMINARY FOURTH QUARTER AND YEAR END 2021 RESULTS

Financial Statements Overview


The next Earnings Report for BHR is 2023-02-23

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Current Cash 251,032,000 185,157,000 215,998,000 195,517,000
Receivables 53,101,000 70,286,000 29,231,000 39,617,000
Inventory 4,489,000 4,321,000 3,128,000 2,718,000
Current Assets 312,882,000 267,272,000 252,709,000 242,149,000
Current Assets (Other) 4,260,000 7,508,000 4,352,000 4,297,000
Short Term Investments 4,260,000 7,508,000 4,352,000 4,297,000
Long-term Investments 1,779,717,000 1,780,869,000 1,626,813,000 1,597,844,000
Property, Plant & Equipment Net 1,625,884,000 1,634,811,000 1,445,597,000 1,452,002,000
Goodwill 0 0 0 0
Intangible Assets 4,072,000 4,167,000 4,261,000 4,356,000
Other Assets 19,959,000 18,897,000 47,428,000 14,513,000
Net Tangible Assets 444,686,000 430,133,000 394,570,000 390,928,000
Total Assets 2,092,599,000 2,048,141,000 1,879,522,000 1,839,993,000
Accounts Payable 0 0 0 0
Liabilities (Other) 21,295,000 22,459,000 21,469,000 22,037,000
Current Liabilities (Other) 119,966,000 126,106,000 100,573,000 93,862,000
Total Current Liabilities 119,966,000 126,106,000 100,573,000 93,862,000
Current Long-term Debt 0 0 0 0
Long-term Debt 1,237,504,000 1,238,148,000 1,172,678,000 1,172,787,000
Total Liabilities 1,464,952,000 1,473,457,000 1,375,195,000 1,372,796,000
Minority Interest 25,348,000 25,880,000 19,538,000 23,234,000
Common Stock 70,740,000 65,878,000 64,104,000 59,207,000
Retained Earnings -290,307,000 -303,323,000 -309,240,000 -303,836,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 627,647,000 574,684,000 504,327,000 467,197,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Total Revenue 174,894,000 161,880,000 130,407,000 116,177,000
Cost of Revenue 113,653,000 98,567,000 87,709,000 77,043,000
Gross Profit 61,241,000 63,313,000 42,698,000 39,134,000
Research and Development 0 0 0 0
Selling General and Admin 3,438,000 2,495,000 2,640,000 2,094,000
Operating Expense 148,244,000 135,428,000 123,693,000 115,127,000
Operating Income 26,650,000 26,452,000 6,714,000 1,050,000
Income Expense Net (Other) 0 0 0 0
EBIT 26,576,000 26,380,000 6,912,000 982,000
Interest Income -162,000 -25,000 30,887,000 -13,000
Pretax Income 17,757,000 18,215,000 -1,736,000 -7,659,000
Income Tax 1,077,000 2,611,000 558,000 560,000
Minority Interest 2,314,000 941,000 -517,000 -1,273,000
Net Income 10,302,000 11,360,000 -4,264,000 -9,034,000
Net Income Basic 10,302,000 11,360,000 -4,264,000 -9,034,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Net Income 10,302,000 11,360,000 -4,264,000 -9,034,000
Depreciation 19,689,000 18,560,000 18,999,000 18,402,000
Changes in Receivables 53,101,000 70,286,000 29,231,000 39,617,000
Changes in Inventories 4,489,000 4,321,000 3,128,000 2,718,000
Cash Change 251,032,000 185,157,000 215,998,000 195,517,000
Cash Flow 51,043,000 28,794,000 8,803,000 86,657,000
Capital Expenditures -9,119,000 -10,791,000 -9,795,000 -6,755,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -9,087,000 -97,749,000 -18,011,000 -13,387,000
Dividends Paid 0 0 0 0
Net Borrowings 982,212,000 1,045,483,000 952,328,000 972,973,000
Cash Flow Financing 30,855,000 31,919,000 32,312,000 14,930,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

Related Information


Material Source Description
Ashford Prime Announces Rebranding To Braemar Hotels & Resorts Yahoo Finance News Braemar Hotels & Resorts, Inc. (NYSE:BHR) ("Braemar" or "the Company"), formerly Ashford Hospitality Prime, Inc. (AHP), today announced that it will change its name from Ashford Hospitality Prime to Braemar Hotels & Resorts, trading under the New York Stock Exchange ticker symbol BHR, effective before the market opens on April 24, 2018.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.6
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 7.0
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.9
4 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.9
5 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
8 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.1
Rating Leverage Section Avg. Rating
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.6
3 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
7 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
10 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.3
10 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 8.0
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.8
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.1
Rating Properties Section Avg. Rating
2 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.7
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.8
10 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
7 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.0
6.6 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-11-26 - v3.5