Braemar Hotels & Resorts (BHR) Beats Q1 FFO and Revenue Estimates

Braemar Hotels & Resorts (BHR) came out with quarterly funds from operations (FFO) of $0.42 per share, beating the Zacks Consensus Estimate of$ 0.34 per share. This compares to FFO of $0.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 23.53%. A quarter ago, it was expected that this hotel owner would post FFO of$ 0.04 per share when it actually produced FFO of $0.04, delivering no surprise.Over the last four quarters, the compan ...