Braemar Hotels & Resorts (BHR) Tops Q3 EPS by 7c

Braemar Hotels & Resorts (NYSE: BHR) reported Q3 EPS of ($0.12), $0.07 better than the analyst estimate of ($0.19).

• Net loss attributable to common stockholders for the quarter was $3.6 million or $0.12 per diluted share
• Actual RevPAR for all hotels increased 9.9% to $234.17 during the quarter
• Actual RevPAR for all hotels not under renovation increased 15.1% to $240.23 during the quarter
• Comparable RevPAR for all hotels not under renovation increased 3.3% to $240.05 during the quarter
• Comparable Hotel EBITDA increased 10.3%
• Adjusted funds from operations (AFFO) was $0.34 per diluted share for the quarter
• Adjusted EBITDAre was $29.5 million for the quarter, compared with $28.4 million for the prior year quarter, reflecting 4% growth
• Hotel EBITDA margin for all hotels not under renovation was 30.4%
• Capex invested during the quarter was $19.2 million

For earnings history and earnings-related data on Braemar Hotels & Resorts (BHR) click here.

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