Quarterly ResultAug 5, 2026, 04:31 PM
Braemar Q2 RevPAR +12.3% to $396; Net Loss ($0.01)/Share
AI Summary
Braemar Hotels & Resorts reported a net loss of ($0.01) per diluted share for Q2 2026, despite a 12.3% increase in comparable RevPAR to $396 and a 14.2% rise in comparable Hotel EBITDA to $48.4 million. The company made significant progress on its portfolio optimization, including the sale of Park Hyatt Beaver Creek Resort & Spa for $176 million during the quarter, and subsequent sales of three additional properties for $437.5 million, with another property under agreement for $190.0 million.
Key Highlights
- Comparable RevPAR increased 12.3% to $396 for Q2 2026.
- Net loss attributable to common stockholders was ($0.01) per diluted share.
- Adjusted funds from operations (AFFO) was $0.13 per diluted share.
- Comparable Hotel EBITDA increased 14.2% to $48.4 million.
- Sold Park Hyatt Beaver Creek Resort & Spa for $176 million.
- Closed on sale of three hotels for $437.5 million subsequent to quarter end.
- Entered agreement to sell Pier House Resort & Spa for $190.0 million.
- Declared cash dividends for Series B, D, E, and M preferred stock.
Price Impact
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