Braemar Hotels & Resorts (BHR) Q4 FFO Match Estimates

Braemar Hotels & Resorts (BHR) came out with quarterly funds from operations (FFO) of $0.04 per share, in line with the Zacks Consensus Estimate. This compares to FFO of$0.16 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this hotel owner would post FFO of $0.04 per share when it actually produced a loss of$0.08, delivering a surprise of -300%.Over the last four quarters, the company has surpassed consensus FFO estimates two times.Braemar Hotel ...