Braemar Hotels & Resorts (BHR) Lags Q2 FFO and Revenue Estimates

Braemar Hotels & Resorts (BHR) came out with quarterly funds from operations (FFO) of $0.10 per share, missing the Zacks Consensus Estimate of$ 0.13 per share. This compares to FFO of $0.20 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of -23.08%. A quarter ago, it was expected that this hotel owner would post FFO of$ 0.34 per share when it actually produced FFO of $0.42, delivering a surprise of 23.53%. Over the last four quarters ...