Company: BHR-PD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001574085-25-000130
Chunk: 31

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 complete description of the methodology and assumptions utilized in determining fair values.Note receivable. The carrying amount of note receivable approximates its fair value. This is considered a Level 2 valuation technique.Derivative assets. See note 8 for a complete description of the methodology and assumptions utilized in determining fair values.Indebtedness, net. Fair value of indebtedness is determined using the loan terms, collateral value and financial data such as loan-to-value ratios, debt service coverage ratios, and interest rates for comparable loans. We estimated the fair value of the total indebtedness to be approximately 100.0% of the carrying value of $1.2 billion as of September 30, 2025, and approximately 98.8% of the carrying value of $1.2 billion as of December 31, 2024. These fair value estimates are considered a Level 2 valuation technique.

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BRAEMAR HOTELS & RESORTS INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)(unaudited)

10. Income (Loss) Per Share

The following table reconciles the amounts used in calculating basic and diluted income (loss) per share (in thousands, except per share amounts):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Net income (loss) attributable to common stockholders - basic and diluted:Net income (loss) attributable to the Company$5,742 $12,596 $11,273 $16,960 Less: dividends on preferred stock(8,667)(9,857)(26,928)(30,593)Less: deemed dividends on preferred stock(5,251)(4,151)(11,086)(6,175)Less: dividends on common stock(3,410)(3,326)(10,174)(9,977)Less: dividends on unvested performance stock units(20)(22)(58)(63)Undistributed net income (loss) allocated to common stockholders(11,606)(4,760)(36,973)(29,848)Add back: dividends on common stock3,410 3,326 10,174 9,977 Distributed and undistributed net income (loss) - basic and diluted $(8,196)$(1,434)$(26,799)$(19,871)Weighted average common shares outstanding:Weighted average common