Company: BHR-PD
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001574085-25-000024
Chunk: 246

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 246
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. Treasury yield curve or the index to which these financial instruments are tied, and adjusted for the credit spreads. Credit spreads take into consideration general market conditions, maturity and collateral. We estimated the fair value of the total indebtedness to be approximately 98.8% of the carrying value of $1.2 billion at December 31, 2024, and approximately 96.0% of the carrying value of $1.2 billion at December 31, 2023. These fair value estimates are considered a Level 2 valuation technique.

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

12. 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):Year Ended December 31,202420232022Net income (loss) attributable to common stockholders - basic and diluted:Net income (loss) attributable to the Company$(1,693)$(27,017)$17,761 Less: dividends on preferred stock(40,295)(42,304)(21,503)Less: deemed dividends on preferred stock(8,958)(4,719)(6,954)Less: dividends on common stock(13,302)(13,164)(5,598)Less: dividends on unvested performance stock units(99)(226)(36)Add: claw back of dividends on cancelled performance stock units— — 7 Less: dividends on unvested restricted shares— (33)(38)Undistributed net income (loss) allocated to common stockholders(64,347)(87,463)(16,361)Add back: dividends on common stock13,302 13,164 5,598 Distributed and undistributed net income (loss) - basic and diluted $(51,045)$(74,299)$(10,763)Weighted average common shares outstanding:Weighted average common shares outstanding – basic and diluted66,500 65,989 69,687 Income (loss) per share - basic and diluted:Net income (loss) allocated to common stockholders per share$(0.77)$(1.13)$(0.15)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):Year Ended