Quarterly ResultAug 5, 2026, 05:18 PM
Braemar Hotels Q2 AFFO/Share $0.13; Highest in 5 Years
AI Summary
Braemar Hotels & Resorts Inc. reported strong second-quarter 2026 results, achieving its highest quarterly Adjusted FFO per diluted share in five years at $0.13, a 44% increase year-over-year. The company saw significant growth in comparable hotel operating metrics, with Hotel EBITDA rising 14.2% to $48.4 million and RevPAR increasing 12.3% to $396. These results highlight the outperformance of its luxury, resort-weighted portfolio and continued balance sheet discipline.
Key Highlights
- Adjusted FFO per diluted share was $0.13, a 44% increase year-over-year, marking the highest in five years.
- Comparable Hotel EBITDA reached $48.4 million, up 14.2% compared to the prior year quarter.
- Comparable RevPAR increased by 12.3% year-over-year to $396.
- Total Hotel Revenue grew 10.5% year-over-year to $169.4 million.
- GAAP Net Income was $20.083 million, representing a 20.2% increase year-over-year.
- Net debt to gross assets stood at 43.5% at the end of the second quarter.
- The company redeemed approximately $16.3 million of its non-traded preferred stock in cash.
- Resort RevPAR increased 13.4% YoY, while Urban RevPAR increased 10.2% YoY.
Price Impact
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