Company: BHR-PD
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001574085-25-000024
Chunk: 247

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 247
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 December 31,202420232022Net income (loss) allocated to common stockholders is not adjusted for:Income (loss) allocated to unvested restricted shares$— $33 $38 Income (loss) allocated to unvested performance stock units99 226 30 Income (loss) attributable to redeemable noncontrolling interests in operating partnership(4,472)(5,230)(476)Dividends on preferred stock - Series B4,233 4,233 4,233 Interest expense on Convertible Senior Notes4,503 4,470 4,435 Dividends on preferred stock - Series E (inclusive of deemed dividends)38,089 34,817 18,969 Dividends on preferred stock - Series M (inclusive of deemed dividends)3,631 4,673 1,955 Total$46,083 $43,222 $29,184 Weighted average diluted shares are not adjusted for:Effect of unvested restricted shares— 3 39 Effect of unvested performance stock units25 273 — Effect of assumed conversion of operating partnership units6,421 5,487 5,907 Effect of assumed conversion of preferred stock - Series B4,116 4,116 4,116 Effect of contingently issuable shares— — 1 Effect of assumed conversion of Convertible Senior Notes15,184 13,609 13,609 Effect of assumed conversion of preferred stock - Series E150,154 126,832 34,730 Effect of assumed conversion of preferred stock - Series M15,961 14,740 3,366 Total191,861 165,060 61,768 

13. Redeemable Noncontrolling Interests in Operating Partnership

Redeemable noncontrolling interests in the operating partnership represent the limited partners’ proportionate share of equity and their allocable share of equity in earnings/losses of Braemar OP, which is an allocation of net income/loss attributable to the common unitholders based on the weighted average ownership percentage of these limited partners’ common units of limited partnership interest in the operating partnership (the “common units”) and units issued under our Long-Term Incentive Plan (the “LTIP units”) that are vested. Each common unit may be redeemed, by the holder, for either cash or, at our 

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