Company: BHR-PD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001574085-25-000130
Chunk: 93

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 93
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40,988)(61,970)(40,988)(61,970)Company’s portion of FFO of OpenKey— (91)— (253)FFO available to common stockholders and OP unitholders(27,273)(39,262)(2,223)(11,433)Deemed dividends on preferred stock5,251 4,151 11,086 6,175 Transaction and conversion costs (2)1,608 50 2,774 (5,524)Write-off of premiums, loan costs and exit fees366 5,292 1,833 6,095 Unrealized (gain) loss on derivatives299 1,746 850 3,698 Stock/unit-based compensation75 427 (20)2,689 Legal, advisory and settlement costs (3)618 6,539 (3,864)11,356 Interest expense accretion on refundable membership club deposits135 151 421 466 Amortization of loan costs (1)2,690 1,741 7,438 4,268 Advisory services incentive fee476 1,464 746 2,112 (Gain) loss on extinguishment of debt1,553 — 1,553 22 Other (income) expense— — 1,250 — Severance— 102 — 102 Company’s portion of adjustments to FFO of OpenKey— — — 3 Adjusted FFO available to common stockholders and OP unitholders$(14,202)$(17,599)$21,844 $20,029 

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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:

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Depreciation and amortization on real estate$(666)$(823)$(2,055)$(3,061)Amortization of loan costs(36)(38)(107)(273)Gain (loss) on disposition of assets and hotel property(18)26,240 (18)26,240 

(2) Includes amounts associated with funding certain expenses of Ashford Securities LLC, which in the 2024 period included a true up of these expenses based on capital raised. 

(