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Jun 30, 2022
Braemar Q2 2022 Earnings Report
Reported second quarter 2022 results with comparable RevPAR increased by 43% to $314.
Key Takeaways
Braemar Hotels & Resorts Inc. reported strong second quarter 2022 results, with significant increases in comparable RevPAR, Adjusted EBITDAre, and Comparable Hotel EBITDA compared to the prior year quarter. The company's urban portfolio has recovered, contributing significantly to the overall performance.
Comparable RevPAR increased 43% year-over-year to $313.96.
Net income attributable to common stockholders was $10.3 million, or $0.12 per diluted share.
Adjusted funds from operations (AFFO) was $0.37 per diluted share, an 85% increase year-over-year.
Adjusted EBITDAre was $50.1 million, reflecting a 155% increase over the prior year quarter.
Forward Guidance
The company expects strong leisure demand balanced by its soon to be fully recovered urban portfolio.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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