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Dec 31, 2022
Braemar Q4 2022 Earnings Report
Reported financial results and performance measures, demonstrating growth in RevPAR, ADR, and occupancy compared to the prior year quarter.
Key Takeaways
Braemar Hotels & Resorts reported a solid fourth quarter in 2022, marked by an 8.3% increase in comparable RevPAR and a 33% growth in Adjusted EBITDAre compared to the prior year quarter. The company also completed the acquisition of the Four Seasons Resort Scottsdale and increased its quarterly common stock dividend.
Comparable RevPAR increased 8.3% year-over-year to $301.
Adjusted EBITDAre grew by 33% year-over-year to $39.2 million.
Completed the acquisition of the Four Seasons Resort Scottsdale.
Increased quarterly common stock dividend to $0.05 per share.
Forward Guidance
Braemar anticipates strong leisure demand and continued recovery of its urban portfolio in 2023.
Positive Outlook
- Expectations for strong leisure demand
- Continued recovery of urban portfolio
- Well positioned to capitalize on market trends
- Focus on creating long-term shareholder value
- Expects to pay a quarterly cash dividend of $0.05 per share for 2023
Challenges Ahead
- General volatility of the capital markets
- Changes in the markets in which we operate
- Changes in interest rates or the general economy
- Degree and nature of competition
- Ability to repay, refinance or restructure our debt
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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