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Dec 31, 2019
Braemar Q4 2019 Earnings Report
Braemar's financial performance for the fourth quarter and year-end 2019 was reported.
Key Takeaways
Braemar Hotels & Resorts reported a net income attributable to common stockholders of $12.7 million for the fourth quarter of 2019, with adjusted funds from operations per share increasing by 93% and adjusted EBITDAre increasing by 25%. The company also completed the reopening of The Ritz-Carlton St. Thomas and the opening of The Maple Grove Presidential Villa at the Bardessono Hotel & Spa.
Comparable RevPAR for all hotels increased 6.2% in the fourth quarter.
Net income attributable to common stockholders was $12.7 million in the fourth quarter.
Adjusted Funds From Operations per Share Increased 93% in the Fourth Quarter
The Ritz-Carlton St. Thomas Reopened in November 2019
Forward Guidance
Braemar Hotels & Resorts believes its portfolio is well-positioned and has unique aspects that are expected to result in opportunities for RevPAR outperformance heading into 2020.
Positive Outlook
- Focusing on the luxury hotel segment
- Portfolio repositioning
- Capital investment
- Asset management
- Recent refinancing activity
Historical Earnings Impact
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Avg. Return Before/After Earnings
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