Braemar Hotels & Resorts: Balance Sheet Concerns Make This A Sell Again
Braemar Hotels & Resorts is a small-cap stock with a portfolio of 15 luxury hotels and resorts. The company's shares appear undervalued based on P/B ratio, but poor debt metrics and a decade-long share price decline suggest otherwise. The company remains a "Sell."
Braemar Hotels & Resorts And Its 10% Yielding Preferreds
Braemar Hotels & Resorts' 8.25% Series D Preferreds offer a 10.2% yield and are trading at a roughly 18% discount to their liquidation value per share. The REIT's fiscal 2024 fourth quarter saw a 1.9% increase in comparable RevPAR. Macro uncertainty and the near-term movement of the US 10-year Treasury yield form core risks and opportunities for the preferreds.
Braemar Hotels & Resorts Inc. (BHR) Q4 2024 Earnings Call Transcript
Braemar Hotels & Resorts Inc. (NYSE:BHR ) Q4 2024 Earnings Conference Call February 27, 2025 11:00 AM ET Company Participants Deric Eubanks - Chief Financial Officer Richard Stockton - President and Chief Executive Officer Chris Nixon - Executive Vice President and Head of Asset Management Conference Call Participants Michael Bellisario - Baird Jonathan Jenkins - Oppenheimer Operator Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today.
Braemar Hotels & Resorts (BHR) Reports Q4 Loss, Tops Revenue Estimates
Braemar Hotels & Resorts (BHR) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of $0.10. This compares to FFO of $0.04 per share a year ago.
Braemar: A Luxury Hotel REIT For 'The Rich Folks'
Braemar Hotels & Resorts is a speculative small-cap REIT with a high-yield potential, trading at a 23% discount to NAV. Despite past volatility and leverage concerns, Braemar's luxury hotel assets and experienced management provide a solid foundation for future growth. The company has successfully refinanced its debt, reducing the risk of capital destruction and supporting a "SPEC BUY" rating with a $4/share price target.
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Braemar Hotels & Resorts: I'm Picking Up The Preferreds, They Might Still Dip
Braemar Hotels & Resorts 8.25% Series D Preferreds have dipped markedly over the last few weeks as the US 10-year Treasury yield ramps higher. This dip could continue, but the preferreds now offer a roughly 11.08% yield on cost and trade at a large discount to their liquidation value of $25 per share. The dividends are covered by free cash flow, as recent debt refinancing and Fed rate cuts reduce interest expenses.
Braemar Hotels & Resorts Inc. (BHR) Q3 2024 Earnings Call Transcript
Braemar Hotels & Resorts Inc. (NYSE:BHR ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Deric Eubanks - Chief Financial Officer Richard Stockton - President and Chief Executive Officer Chris Nixon - Executive Vice President and Head of Asset Management Conference Call Participants Jonathan Jenkins - Oppenheimer Daniel Hogan - Robert W. Baird Operator Hello and thank you for standing by.
Compared to Estimates, Braemar Hotels & Resorts (BHR) Q3 Earnings: A Look at Key Metrics
The headline numbers for Braemar Hotels & Resorts (BHR) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Braemar Hotels & Resorts (BHR) Reports Q3 Loss, Misses Revenue Estimates
Braemar Hotels & Resorts (BHR) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.08 per share a year ago.
Braemar Hotels & Resorts (BHR) Lags Q2 FFO and Revenue Estimates
Braemar Hotels & Resorts (BHR) came out with quarterly funds from operations (FFO) of $0.10 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to FFO of $0.20 per share a year ago.
