Company: BHR-PD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001574085-25-000130
Chunk: 12

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 275 Realized (gain) loss on sale of securities1,250 — (Gain) loss on disposition of assets and hotel property(40,970)(88,210)Realized and unrealized (gain) loss on derivatives301 (523)Non-cash interest income(464)(67)Equity in (earnings) loss of unconsolidated entity— 214 Deferred income tax expense (benefit)(56)8 Changes in operating assets and liabilities, exclusive of disposition of assets and hotel properties: Accounts receivable and inventories(5,996)6,620 Prepaid expenses and other assets(577)978 Deposit paid to Ashford Inc. (17,000)— Accounts payable and accrued expenses6,160 6,828 Operating lease right-of-use assets172 359 Due to/from related parties, net(724)(587)Due to/from third-party hotel managers(1,273)(2,215)Due to/from Ashford Inc.(1,757)4,995 Operating lease liabilities23 (161)Other liabilities5,047 2,147 Net cash provided by (used in) operating activities32,435 60,165 CASH FLOWS FROM INVESTING ACTIVITIESProceeds from property insurance3,486 13 Issuance of note receivable— (5,788)Proceeds from sale of investment in securities23,750 — Acquisition of land(5,509)— Net proceeds from sale of hotel properties139,326 155,629 Purchase of securities— (42,279)Investment in unconsolidated entity— (79)Improvements and additions to hotel properties(54,552)(54,825)Net cash provided by (used in) investing activities106,501 52,671 CASH FLOWS FROM FINANCING ACTIVITIESBorrowings on indebtedness403,000 234,000 Repayments of indebtedness(453,550)(184,100)Payments of loan costs and exit fees(11,501)(15,356)Payments for derivatives(658)(1,344)Proceeds from derivatives611 4,386 Purchase of common stock(778)(369)Payments for dividends and distributions(35,917)(39,037)Contributions from noncontrolling interest in consolidated entities306 2,961 

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Nine Months Ended September 30,202520