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Mar 31, 2023
Braemar Q1 2023 Earnings Report
Braemar Hotels & Resorts' financial and performance measures were reported for the first quarter ended March 31, 2023.
Key Takeaways
Braemar Hotels & Resorts reported a solid first quarter with comparable RevPAR increasing 8.4% year-over-year to $369 and Adjusted EBITDAre growing 34% over the prior year quarter.
Comparable RevPAR for all hotels increased 8.4% over the prior year quarter to $369.
Net income attributable to common stockholders for the quarter was $3.2 million or $0.05 per diluted share.
Adjusted EBITDAre was $66.1 million for the quarter, reflecting a growth rate of 34% over the prior year quarter.
The Company ended the quarter with cash and cash equivalents of $281.5 million.
Forward Guidance
No forward guidance was provided in the transcript.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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