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Sep 30, 2024
Braemar Q3 2024 Earnings Report
Reported financial results and performance measures, with comparable RevPAR decreasing by 1.6% to $261.
Key Takeaways
Braemar Hotels & Resorts reported a net loss attributable to common stockholders of $(1.4) million, or $(0.02) per diluted share, for the third quarter ended September 30, 2024. Comparable RevPAR decreased 1.6% over the prior year quarter to $261. The company closed on the sale of the Hilton La Jolla Torrey Pines for $165 million and a refinancing involving five hotels for $407 million.
Comparable RevPAR decreased 1.6% year-over-year to $261.
Net loss attributable to common stockholders was $(1.4) million, or $(0.02) per diluted share.
Adjusted EBITDAre was $18.5 million.
Closed on the sale of Hilton La Jolla Torrey Pines for $165 million and a refinancing involving five hotels for $407 million.
Forward Guidance
The company believes its portfolio is well-positioned to outperform in both the near-term and long-term.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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