Company: BHR-PD
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001574085-25-000092
Chunk: 1

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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31, 2024, respectively65,426 65,426 Series E redeemable preferred stock, $0.01 par value, 13,391,250 and 14,910,521 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively320,585 352,502 Series M redeemable preferred stock, $0.01 par value, 1,420,421 and 1,476,621 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively35,524 36,916 Redeemable noncontrolling interests in operating partnership17,994 29,964 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 June 30, 2025 and December 31, 202416 16 Common stock, $0.01 par value, 250,000,000 shares authorized, 68,219,432 and 66,607,823 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively682 665 Additional paid-in capital727,002 718,536 Accumulated other comprehensive income (loss)(135)(684)Accumulated deficit(502,437)(477,804)Total stockholders’ equity of the Company225,128 240,729 Noncontrolling interest in consolidated entities(3,321)(3,367)Total equity221,807 237,362 Total liabilities and equity$2,064,246 $2,136,059 

See Notes to Condensed Consolidated Financial Statements.

2

BRAEMAR HOTELS & RESORTS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited, in thousands, except per share amounts)

Three Months Ended June 30,Six Months Ended June 30,2025202420252024REVENUERooms$109,824 $116,227 $245,916 $254,779 Food and beverage45,571 47,563 97,359 101,110 Other23,682 23,797 51,622 50,777 Total hotel revenue179,077 187,587