Core Viewpoint - Braemar Hotels & Resorts Inc. has announced the tax reporting information for its 2024 distributions on common and preferred shares, detailing the income tax treatment applicable to each distribution [1][2]. Distribution Summary - The common stock distribution for 2024 is $0.20 per share, with 100% classified as a return of capital [3]. - The Series B Cumulative Convertible Preferred Stock distribution is $1.3752 per share, with 75.51% as capital gain and 24.49% as return of capital [4]. - The Series D Cumulative Preferred Stock distribution is $2.0624 per share, with 75.51% as capital gain and 24.49% as return of capital [5]. - The Series E Redeemable Preferred Stock distribution is $1.8750 per share, with 75.51% as capital gain and 24.49% as return of capital [6]. - The Series M Redeemable Preferred Stock distributions vary, with amounts ranging from $2.1104 to $2.07295 per share, all showing 75.51% as capital gain and 24.49% as return of capital [8][9][10][11][12][13][14]. Company Overview - Braemar Hotels & Resorts is identified as a real estate investment trust (REIT) focused on investing in luxury hotels and resorts [16].

Core Insights - Braemar Hotels & Resorts Inc. has successfully extended its mortgage loan secured by the Ritz-Carlton Lake Tahoe, with a paydown of $10 million and a new spread of SOFR + 3.25% [1][2] - The company is in discussions regarding a $293.2 million loan maturing in June 2025, indicating optimism about improving financing conditions in the hotel lending market [2] Company Overview - Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts [2]

Core Points - Braemar Hotels & Resorts Inc. declared a quarterly cash dividend of $0.05 per diluted share for its common stock for Q1 2025, equating to an annual rate of $0.20 per share, payable on April 15, 2025 [1] - The Board also declared a quarterly cash dividend of $0.3438 per diluted share for the 5.5% Series B Cumulative Convertible Preferred Stock, payable on April 15, 2025 [2] - A quarterly cash dividend of $0.5156 per diluted share was declared for the 8.25% Series D Cumulative Preferred Stock, also payable on April 15, 2025 [3] - Monthly cash dividends for Series E Redeemable Preferred Stock were declared at $0.15625 per share, with payments scheduled for February 18, March 17, and April 15, 2025 [4] - Monthly cash dividends for Series M Redeemable Preferred Stock were declared at $0.17708 and $0.17500 per share, with similar payment schedules [5][6] - As of December 31, 2024, there were 14,910,521 shares of Series E Redeemable Preferred Stock and 1,476,621 shares of Series M Redeemable Preferred Stock issued and outstanding [7] Company Overview - Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts [7]

Core Points - Braemar Hotels & Resorts Inc. will release its fourth quarter results for the period ending December 31, 2024, after market close on February 26, 2025 [1][2] - A conference call to discuss the earnings will take place on February 27, 2025, at 11:00 a.m. ET, with a call-in number provided for participants [2] - The live broadcast of the conference call will be available on the company's website, and a replay will be accessible for approximately one year [3] Company Overview - Braemar Hotels & Resorts is identified as a real estate investment trust (REIT) that focuses on investing in luxury hotels and resorts [3]

Group 1 - The market for REITs and fixed income is experiencing a significant downturn due to a material spike in interest rates, prompting investment in Braemar Hotels & Resorts' preferred shares [1] - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [2]

Financial Data and Key Metrics Changes - The company reported a net loss attributable to common stockholders of $1.4 million, or $0.02 per diluted share, and an AFFO per diluted share of negative $0.24 [16] - Adjusted EBITDAre for the quarter was $18.5 million, with total assets of $2.2 billion and $1.2 billion in loans at a blended average interest rate of 7.6% [16][17] - Comparable RevPAR for the portfolio was $261, with a 1.6% decrease year-over-year, while Comparable Hotel EBITDA was $24.7 million [9][23] Business Line Data and Key Metrics Changes - Urban hotels achieved Comparable RevPAR of $213 and Comparable Hotel EBITDA of $16.4 million, with a 6% growth in RevPAR over the prior year quarter [10][9] - Resort hotels saw a 16.2% increase in RevPAR compared to the same period in 2019, but a slight decline in leisure demand year-over-year [24] - Group revenue increased by 14% year-over-year, with urban assets showing an 8% growth in total hotel revenue and a 4% increase in occupancy [24] Market Data and Key Metrics Changes - The company noted strong demand in corporate revenue, which was up 12% year-on-year, except for San Francisco, which faced challenges [41] - Group rooms revenue for the third quarter was 14% higher than the prior year, with a 40% increase in group pace for the first quarter of 2025 [26][14] - The company reported a 7.5% increase in Comparable RevPAR for October, setting a positive tone for fourth-quarter performance [14] Company Strategy and Development Direction - The company is focused on a Shareholder Value Creation Plan, which includes non-core asset sales, debt repayment, preferred share redemption, and common share buybacks [11] - The recent sale of Hilton La Jolla Torrey Pines for $165 million was part of this strategy, with plans to evaluate additional hotel property sales [12] - The company aims to enhance balance sheet flexibility and has successfully addressed all 2024 debt maturities [11][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the continued strength of urban hotels as the primary growth driver for the portfolio [10] - The company anticipates a strong performance in the upcoming quarters, supported by positive group pace and revenue trends [14][37] - Management acknowledged some softening in government-related travel due to election uncertainty but expects a rebound post-election [44] Other Important Information - The company completed several renovations at The Ritz-Carlton Lake Tahoe and other properties, with capital expenditures expected to range between $70 million and $90 million for 2024 [36] - The company has implemented various initiatives to boost productivity, resulting in a 40 basis point improvement in overall productivity [25] - The company has a solid cash position with $168.7 million in cash and cash equivalents and $48.5 million in restricted cash [17] Q&A Session Summary Question: Impact of mixed shifts to more BT demand and strong group outlook - Management noted a historical mix of 25% to 30% group business, with strong group pace increases expected for 2025 [39] Question: Strength of corporate demand post-Labor Day - There was a slight acceleration in corporate demand post-Labor Day, with overall corporate revenue up 12% year-on-year [42] Question: Election impact on overall portfolio demand - Management observed softening in government segments in DC due to election uncertainty but mitigated some impact through strong group pace [43][44] Question: Transaction market volume and pricing - Management indicated positive trends in the transaction market, with firming cap rates and plans to sell additional hotels next year [45][46] Question: Financing market changes - Management noted that spreads have continued to come down, with plenty of debt capital available, although large banks remain less active [47][48] Question: 4Q impact from hurricane damage - The estimated impact from hurricane damage was between $500K to $700K at the affected hotel, but overall portfolio performance remained strong [51]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 001-35972 BRAEMAR HOTELS & RESORTS INC. (Exact name of registrant as specified in its charter) | --- | - ...

| --- | --- | --- | --- | |----------|------------------------------------------|----------------------------------------|------------------------------------------| | Contact: | Deric Eubanks | Laken Avonne Rapier | NEWS RELEASE \nJoseph Calabrese | | | Chief Financial Officer (972) 490-9600 | Media Contact LRapier@ashfordinc.com | Financial Relations Board (212) 827-3772 | BRAEMAR HOTELS & RESORTS REPORTS THIRD QUARTER 2024 RESULTS DALLAS – November 6, 2024 – Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Br ...

For the quarter ended September 2024, Braemar Hotels & Resorts (BHR) reported revenue of $148.4 million, down 7.1% over the same period last year. EPS came in at -$0.24, compared to -$0.50 in the year-ago quarter.The reported revenue represents a surprise of -5.95% over the Zacks Consensus Estimate of $157.78 million. With the consensus EPS estimate being -$0.04, the EPS surprise was -500.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they com ...

Braemar Hotels & Resorts (BHR) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -500%. A quarter ago, it was expected that this hotel owner would post FFO of $0.13 per share when it actually produced FFO of $0.10, delivering a surprise of -23.08%.Over the last four quarters, the company has surpass ...