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Braemar Hotels & Resorts (BHR) Q1 FFO and Revenues Surpass Estimates

Core Insights - Braemar Hotels & Resorts reported quarterly funds from operations (FFO) of $0.40 per share, exceeding the Zacks Consensus Estimate of $0.34 per share, but down from $0.42 per share a year ago, representing a 17.65% surprise [1] - The company posted revenues of $215.82 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 7.96%, although this is a decrease from $219.08 million year-over-year [2] - The stock has underperformed, losing approximately 35.3% since the beginning of the year compared to the S&P 500's decline of 4.7% [3] Financial Performance - Over the last four quarters, Braemar Hotels & Resorts has surpassed consensus FFO estimates only once [2] - The current consensus FFO estimate for the upcoming quarter is $0.07 on revenues of $166.8 million, and for the current fiscal year, it is $0.29 on revenues of $681.8 million [7] Market Outlook - The estimate revisions trend for Braemar Hotels & Resorts is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] - The REIT and Equity Trust - Other industry is ranked in the bottom 37% of over 250 Zacks industries, suggesting that the outlook for the industry could significantly impact the stock's performance [8]