Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 188

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 188
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,761 3.3 Operating income (loss)54,634 54,642 (8)— Equity in earnings (loss) of unconsolidated entity— (134)134 100.0 Interest income3,407 1,868 1,539 82.4 Other income (expense)(1,250)— (1,250)(100.0)Interest expense and amortization of discounts and loan costs(50,188)(53,776)3,588 6.7 Write-off of loan costs and exit fees(1,467)(803)(664)(82.7)Gain (loss) on extinguishment of debt— (22)22 100.0 Realized and unrealized gain (loss) on derivatives(183)1,258 (1,441)(114.5)Income (loss) before income taxes4,953 3,033 1,920 63.3 Income tax (expense) benefit(1,122)(1,338)216 (16.1)Net income (loss)3,831 1,695 2,136 126.0 (Income) loss attributable to noncontrolling interest in consolidated entities(51)1,046 1,097 104.9 Net (income) loss attributable to redeemable noncontrolling interests in operating partnership1,751 1,623 (128)7.9 Net income (loss) attributable to the Company$5,531 $4,364 $1,167 (26.7)%

All hotel properties owned for the six months ended June 30, 2025 and 2024 have been included in our results of operations during the respective periods in which they were owned. Based on when a hotel property was acquired or disposed of, operating results for certain hotel properties are not comparable for the six months ended June 30, 2025 and 2024. The hotel properties listed below are not comparable hotel properties for the periods indicated and all other hotel properties are considered comparable hotel properties. The following disposition affects reporting comparability related to our condensed consolidated financial statements:

Hotel PropertyLocationTypeDateHilton La Jolla Torrey PinesLa Jolla, CaliforniaDispositionJuly 17, 2024

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The following table illustrates the key performance indicators of all hotel properties that were included in our results of operations during the six months ended June 30, 202