Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 127

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 127
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1,919)(1,751)(1,623)Equity in (earnings) loss of unconsolidated entity— 85 — 134 Company’s portion of FFO of OpenKey— (95)— (162)FFO available to common stockholders and OP unitholders5,183 (153)25,050 27,829 Deemed dividends on preferred stock1,559 26 5,835 2,024 Transaction and conversion costs (2)471 53 1,166 (5,574)Write-off of premiums, loan costs and exit fees3 82 1,467 803 Unrealized (gain) loss on derivatives165 1,213 551 1,952 Stock/unit-based compensation(47)1,135 (95)2,262 Legal, advisory and settlement costs (3)(4,626)2,870 (4,482)4,817 Interest expense accretion on refundable membership club deposits135 150 286 315 Amortization of loan costs (1)2,651 1,319 4,748 2,527 Advisory services incentive fee188 648 270 648 (Gain) loss on extinguishment of debt— 22 — 22 Other (income) expense1,250 — 1,250 — Company’s portion of adjustments to FFO of OpenKey— 3 — 3 Adjusted FFO available to common stockholders and OP unitholders$6,932 $7,368 $36,046 $37,628 

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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 June 30,Six Months Ended June 30,2025202420252024Depreciation and amortization on real estate$(670)$(998)$(1,389)$(2,238)Amortization of loan costs(36)(132)(71)(235)

(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. 

(3) Includes amounts related to a $5.0 million expense reduction in 2025 from an insurance recovery for prior legal expenses.

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The following