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Sep 30, 2022
Braemar Q3 2022 Earnings Report
Reported third quarter 2022 results with comparable RevPAR increased 19% to $288.
Key Takeaways
Braemar Hotels & Resorts reported strong third-quarter results, with a 19% increase in comparable RevPAR to $288. The company also announced an agreement to acquire the Four Seasons Resort Scottsdale.
Comparable RevPAR for all hotels increased 19% over the prior year quarter to $288.
Adjusted funds from operations (AFFO) was $0.16 per diluted share for the quarter.
Adjusted EBITDAre was $34.0 million for the quarter, reflecting a growth rate of 56% over the prior year quarter.
Comparable Hotel EBITDA was $40.7 million for the quarter, which was 47.7% higher than the prior year quarter.
Forward Guidance
The Company remains very well positioned with strong leisure demand and the continued recovery of our urban portfolio looking ahead to the remainder of 2022 and into 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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