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Mar 31, 2025
Braemar Q1 2025 Earnings Report
Braemar Hotels & Resorts reported its financial results for the first quarter ended March 31, 2025, highlighting a solid performance with increased comparable RevPAR and Hotel EBITDA.
Key Takeaways
Braemar Hotels & Resorts Inc. reported financial results for the first quarter ended March 31, 2025, with comparable RevPAR increasing by 4.2% to $404 and comparable Hotel EBITDA increasing by 5.3% to $70.8 million. The company reported a net loss attributable to common stockholders of $(2.5) million, or $(0.04) per diluted share, and adjusted funds from operations (AFFO) of $0.40 per diluted share.
Comparable RevPAR for all hotels increased 4.2% over the prior year quarter to $404.
Net loss attributable to common stockholders for the quarter was $(2.5) million or $(0.04) per diluted share.
Adjusted funds from operations (AFFO) was $0.40 per diluted share for the quarter.
Comparable Hotel EBITDA was $70.8 million for the quarter, reflecting an increase of 5.3% over the prior year quarter.
Revenue by Geographic Location
Forward Guidance
The company's forward-looking statements indicate a focus on continued operational improvements and shareholder value creation, including potential dividend increases and strategic property management changes.
Positive Outlook
- The Board of Directors will review its dividend policy on a quarter-to-quarter basis, with a view to increasing it as financial performance continues to improve.
- Conversion of Sofitel Chicago Magnificent Mile to a franchise asset is expected to provide an immediate uplift in the value of the property.
- The company believes its portfolio is well-positioned to outperform going forward.
- Successful extension of mortgage loan secured by the 170-room Ritz-Carlton Lake Tahoe, extending its final maturity date to January 2026.
- Closed on a refinancing involving five hotels, addressing final 2025 debt maturity and reducing interest costs.
Challenges Ahead
- The adoption of a dividend policy does not commit the Board of Directors to declare future dividends or the amount thereof.
- Forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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