Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 27

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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observable Inputs (Level 3)TotalJune 30, 2025AssetsCMBS$— $17,134 $— $17,134 (1)Derivative assets:Interest rate derivatives - caps— 313 — 313 (2)Total$— $17,447 $— $17,447 Quoted Market Prices (Level 1)Significant OtherObservable Inputs (Level 2)Significant Unobservable Inputs (Level 3)TotalDecember 31, 2024AssetsCMBS$— $41,535 $— $41,535 (1)Derivative assets:Interest rate derivatives - caps— 356 — 356 (2)Total$— $41,891 $— $41,891 __________________(1)Reported as “investment in securities” in our condensed consolidated balance sheet.(2)Reported as “derivative assets” in our condensed consolidated balance sheets.

16

BRAEMAR HOTELS & RESORTS INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)(unaudited)

Effect of Fair Value Measured Assets and Liabilities on Condensed Consolidated Statements of OperationsThe following table summarizes the effect of fair value measured assets and liabilities on our condensed consolidated statements of operations (in thousands):Gain (Loss) Recognized in IncomeThree Months Ended June 30,Six Months Ended June 30,2025202420252024AssetsDerivative assets:Interest rate derivatives - caps$15 $326 $(183)$1,246 Total derivative assets$15 $326 $(183)$1,246 Non-derivative assets:Investment in securities$(1,250)$— $(1,250)$— Total$(1,235)$326 $(1,433)$1,246 LiabilitiesDerivative liabilities:Warrants$— $— $— $12 Net$(1,235)$326 $(1,433)$1,258 Total combinedInterest rate derivatives - caps$(165)$(1,213)$(551)$(1,964)Warrants— — — 12 Unrealized gain (loss) on derivatives$(165)(1)$(1,213)(1)$(551)(1)$(1,952)(1)Realized gain (loss) on