Company: BHR-PD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001574085-25-000051
Chunk: 100

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 100
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, and approximately 98.8% of the carrying value of $1.2 billion as of December 31, 2024. These fair value estimates are considered a Level 2 valuation technique.

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

10. Income (Loss) Per Share

The following table reconciles the amounts used in calculating basic and diluted income (loss) per share (in thousands, except per share amounts):Three Months Ended March 31,20252024Net income (loss) attributable to common stockholders - basic and diluted:Net income (loss) attributable to the Company$10,998 $15,929 Less: dividends on preferred stock(9,269)(10,407)Less: deemed dividends on preferred stock(4,276)(1,998)Less: dividends on common stock(3,353)(3,324)Less: dividends on unvested performance stock units(19)(21)Less: dividends on unvested restricted shares— (2)Undistributed net income (loss) allocated to common stockholders(5,919)177 Add back: dividends on common stock3,353 3,324 Distributed and undistributed net income (loss) - basic and diluted $(2,566)$3,501 Dividends on preferred stock - Series E (inclusive of deemed dividends)— 9,401 Distributed and undistributed net income (loss) - diluted$(2,566)$12,902 Weighted average common shares outstanding:Weighted average common shares outstanding – basic and diluted66,744 66,455 Effect of assumed conversion of preferred stock - Series E— 202,061 Weighted average common shares outstanding – diluted66,744 268,516 Income (loss) per share - basic and diluted:Net income (loss) allocated to common stockholders per share$(0.04)$0.05 Income (loss) per share - diluted:Net income (loss) allocated to common stockholders per share$(0.04)$0.05 Due to their anti-dilutive effect, the computation of diluted income (loss) per share does not reflect the adjustments for the following items (in thousands):Three Months Ended March 31,20252024Net income (loss) allocated to common stockholders is not adjusted for