Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 31

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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.28)Due to their anti-dilutive effect, the computation of diluted income (loss) per share does not reflect the adjustments for the following items (in thousands):Three Months Ended June 30,Six Months Ended June 30,2025202420252024Net income (loss) allocated to common stockholders is not adjusted for:Income (loss) allocated to unvested performance stock units19 21 $38 $42 Income (loss) attributable to redeemable noncontrolling interests in operating partnership(1,489)(1,919)(1,751)(1,623)Dividends on preferred stock - Series B1,058 1,058 2,116 2,116 Interest expense on Convertible Senior Notes1,133 1,124 2,264 2,247 Dividends on preferred stock - Series E (inclusive of deemed dividends)7,913 7,596 18,805 16,997 Dividends on preferred stock - Series M (inclusive of deemed dividends)755 876 1,525 1,997 Total$9,389 $8,756 $22,997 $21,776 Weighted average diluted shares are not adjusted for:Effect of unvested performance stock units37 39 40 26 Effect of assumed conversion of operating partnership units6,255 6,364 6,521 6,133 Effect of assumed conversion of preferred stock - Series B4,116 4,116 4,116 4,116 Effect of assumed conversion of Convertible Senior Notes16,586 15,464 16,427 14,537 Effect of assumed conversion of preferred stock - Series E130,997 162,180 133,333 182,121 Effect of assumed conversion of preferred stock - Series M13,858 17,098 13,909 19,719 Total171,849 205,261 174,346 226,652 

11. 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