Loading...
•
Jun 30, 2020
Braemar Q2 2020 Earnings Report
Reported financial results and performance measures for the second quarter ended June 30, 2020.
Key Takeaways
Braemar Hotels & Resorts reported a challenging second quarter due to the COVID-19 pandemic, with a net loss attributable to common stockholders of $46.3 million, and a significant decrease in comparable RevPAR. The company has taken steps to ensure financial flexibility, including amending its credit facility and signing forbearance agreements on several loans.
Net loss attributable to common stockholders was $46.3 million or $1.41 per diluted share.
Comparable RevPAR for all hotels decreased 91.8% to $19.22 during the quarter.
Adjusted funds from operations (AFFO) was negative $0.58 per diluted share for the quarter.
Adjusted EBITDAre was negative $18.5 million for the quarter.
Forward Guidance
The negative impact of the COVID-19 crisis on economic activity and the hospitality industry continues to evolve and is expected to continue to impact the Company’s financial results during the third quarter of 2020 and beyond.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...