Company: BHR-PD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001574085-25-000051
Chunk: 79

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 79
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 60,076 Management fees6,910 6,976 Total hotel operating expenses135,715 136,033 Property taxes, insurance and other10,465 10,685 Depreciation and amortization23,395 25,420 Advisory services fee6,611 6,700 Corporate general and administrative2,894 (2,226)Total operating expenses179,080 176,612 OPERATING INCOME (LOSS)36,740 42,467 Equity in earnings (loss) of unconsolidated entity— (49)Interest income1,888 796 Interest expense and amortization of discounts and loan costs(24,827)(26,491)Write-off of loan costs and exit fees(1,464)(721)Realized and unrealized gain (loss) on derivatives(198)932 INCOME (LOSS) BEFORE INCOME TAXES12,139 16,934 Income tax (expense) benefit(1,467)(1,452)NET INCOME (LOSS)10,672 15,482 (Income) loss attributable to noncontrolling interest in consolidated entities64 743 Net (income) loss attributable to redeemable noncontrolling interests in operating partnership262 (296)NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY10,998 15,929 Preferred dividends(9,269)(10,407)Deemed dividends on preferred stock(4,276)(1,998)NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS$(2,547)$3,524 INCOME (LOSS) PER SHARE - BASIC:Net income (loss) attributable to common stockholders$(0.04)$0.05 Weighted average common shares outstanding – basic66,744 66,455 INCOME (LOSS) PER SHARE - DILUTED:Net income (loss) attributable to common stockholders$(0.04)$0.05 Weighted average common shares outstanding – diluted66,744 268,516 

See Notes to Condensed Consolidated Financial Statements.

3

BRAEMAR HOTELS & RESORTS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(unaudited, in thousands)

Three Months Ended March 31,20252024NET INCOME (LOSS)$10,672 $15,