Company: BHR-PD
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001574085-25-000024
Chunk: 206

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 206
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 parties, net1,055 603 Due to third-party hotel managers1,476 1,608 Operating lease liabilities19,984 60,379 Other liabilities24,268 22,756 Derivative liabilities— 12 Total liabilities1,413,889 1,408,298 Commitments and contingencies (note 18)5.50% Series B cumulative convertible preferred stock, $0.01 par value, 3,078,017 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively65,426 65,426 Series E redeemable preferred stock, $0.01 par value, 14,910,521 and 16,316,315 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively352,502 377,035 Series M redeemable preferred stock, $0.01 par value, 1,476,621 and 1,832,805 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively36,916 45,623 Redeemable noncontrolling interests in operating partnership29,964 32,395 Equity:Preferred stock, $0.01 par value, 80,000,000 shares authorized:8.25% Series D cumulative preferred stock, 1,600,000 shares issued and outstanding at December 31, 2024 and December 31, 202316 16 Common stock, $0.01 par value, 250,000,000 shares authorized, 66,607,823 and 66,636,353 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively665 666 Additional paid-in capital718,536 718,498 Accumulated other comprehensive income (loss)(684)— Accumulated deficit(477,804)(412,199)Total stockholders’ equity of the Company240,729 306,981 Noncontrolling interest in consolidated entities(3,367)(8,934)Total equity237,362 298,047 Total liabilities and equity$2,136,059 $2,226,824 

See Notes to Consolidated Financial Statements.

108

BRAEMAR HOTELS & RESORTS INC. AND SUBSIDIARIES

CONSOLIDATED STATE