Company: BHR-PD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001574085-25-000130
Chunk: 1

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 issued and outstanding at September 30, 2025 and December 31, 2024, respectively65,426 65,426 Series E redeemable preferred stock, $0.01 par value, 12,697,673 and 14,910,521 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively308,547 352,502 Series M redeemable preferred stock, $0.01 par value, 1,404,544 and 1,476,621 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively35,127 36,916 Redeemable noncontrolling interests in operating partnership18,942 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 September 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 September 30, 2025 and December 31, 2024, respectively682 665 Additional paid-in capital727,027 718,536 Accumulated other comprehensive income (loss)(2)(684)Accumulated deficit(515,837)(477,804)Total stockholders’ equity of the Company211,886 240,729 Noncontrolling interest in consolidated entities(3,901)(3,367)Total equity207,985 237,362 Total liabilities and equity$2,009,316 $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 September 30,Nine Months Ended September 30,2025202420252024REVENUERooms$85,701 $92,427 $331,617 $347,206 Food and beverage36,637 34,781 133,996 135,891 Other21,218 21,190 72,840