Company: BHR-PD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001574085-25-000051
Chunk: 174

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 174
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Income) loss attributable to redeemable noncontrolling interests in operating partnership262 (296)Preferred dividends(9,269)(10,407)Deemed dividends on preferred stock(4,276)(1,998)Net income (loss) attributable to common stockholders(2,547)3,524 Depreciation and amortization on real estate (1)22,676 24,180 Net income (loss) attributable to redeemable noncontrolling interests in operating partnership(262)296 Equity in (earnings) loss of unconsolidated entity— 49 Company’s portion of FFO of OpenKey— (67)FFO available to common stockholders and OP unitholders19,867 27,982 Deemed dividends on preferred stock4,276 1,998 Transaction and conversion costs (2)695 (5,627)Write-off of premiums, loan costs and exit fees1,464 721 Unrealized (gain) loss on derivatives386 739 Stock/unit-based compensation(48)1,127 Legal, advisory and settlement costs144 1,947 Interest expense accretion on refundable membership club deposits151 165 Amortization of loan costs (1)2,097 1,208 Advisory services incentive fee82 — Adjusted FFO available to common stockholders and OP unitholders$29,114 $30,260 

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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 March 31,20252024Depreciation and amortization on real estate$(719)$(1,240)Amortization of loan costs(35)(103)

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

43

The following table presents certain information related to our hotel properties as of March 31, 2025:

Hotel PropertyLocationTotal Rooms% OwnedOwned RoomsFee Simple PropertiesCapital HiltonWashington, D.C.559 75 %419 Marriott Seattle Waterfront Seattle, WA369 100 %369 The Notary HotelPhiladelphia, PA499 100 %499 The ClancySan Francisco, CA410 100 %410 Sofitel Chicago Magnificent MileChicago