Company: BHR-PD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001574085-25-000051
Chunk: 78

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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 December 31, 2024, respectively65,426 65,426 Series E redeemable preferred stock, $0.01 par value, 13,909,632 and 14,910,521 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively331,875 352,502 Series M redeemable preferred stock, $0.01 par value, 1,459,040 and 1,476,621 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively36,489 36,916 Redeemable noncontrolling interests in operating partnership26,430 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 March 31, 2025 and December 31, 202416 16 Common stock, $0.01 par value, 250,000,000 shares authorized, 67,046,523 and 66,607,823 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively669 665 Additional paid-in capital720,703 718,536 Accumulated other comprehensive income (loss)95 (684)Accumulated deficit(482,575)(477,804)Total stockholders’ equity of the Company238,908 240,729 Noncontrolling interest in consolidated entities(3,431)(3,367)Total equity235,477 237,362 Total liabilities and equity$2,098,029 $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 March 31,20252024REVENUERooms$136,092 $138,552 Food and beverage51,788 53,547 Other27,940 26,980 Total hotel revenue215,820 219,079 EXPENSESHotel operating expenses:Rooms28,219 28,264 Food and beverage40,210 40,717 Other expenses60,376