Company: BHR-PD
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001574085-25-000024
Chunk: 200

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 200
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Deemed dividends on preferred stock(8,958)(4,719)(6,954)Net income (loss) attributable to common stockholders(50,946)(74,040)(10,696)Depreciation and amortization on real estate (1)94,944 90,031 75,508 Net income (loss) attributable to redeemable noncontrolling interests in operating partnership(4,472)(5,230)(476)Equity in (earnings) loss of unconsolidated entity1,608 253 328 (Gain) loss on disposition of assets and hotel property (1)(61,925)— — Company’s portion of FFO of OpenKey(322)(296)(333)FFO available to common stockholders and OP unitholders(21,113)10,718 64,331 Deemed dividends on preferred stock8,958 4,719 6,954 Transaction and conversion costs (2)(4,447)4,561 9,679 Write-off of premiums, loan costs and exit fees6,111 3,489 146 Unrealized (gain) loss on derivatives4,071 8,413 (4,464)Stock/unit-based compensation2,611 9,244 11,285 Legal, advisory and settlement costs12,676 1,397 2,170 Interest expense accretion on refundable membership club deposits616 671 723 Amortization of loan costs (1)6,080 3,289 2,365 (Gain) loss on extinguishment of debt22 (2,318)— Other (income) expense— (293)— (Gain) loss on insurance settlements(8)— (55)Severance102 — — Company’s portion of adjustments to FFO of OpenKey3 — 8 Adjusted FFO available to common stockholders and OP unitholders$15,682 $43,890 $93,142 

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(1)Net of adjustment for noncontrolling interest in consolidated entities. The following table presents the amounts of the adjustments for noncontrolling interests for each line item:

Year Ended December 31,202420232022Depreciation and amortization on real estate$(3,789)$(3,241)$(2,614)Amortization of loan costs(307)(94)(91)Gain (loss