Earnings Releases·Nov 4, 2026, 4:03 PM ET

Braemar Hotels & Resorts — Third Quarter 2026 Earnings Summary

Net loss attributable to common stockholders widened to $240.9 million ($3.51/share) from $8.2 million ($0.12/share) prior year, driven by a $480.0 million termination fee; however, comparable Hotel EBITDA rose 20.7% year-over-year to $12.9 million, with comparable RevPAR up 14.4%.
Total assets declined to $1.2 billion from $1.86 billion following the sale of four properties (Ritz-Carlton Sarasota, Hotel Yountville, Bardessono, and Four Seasons Scottsdale) totaling $1.0 billion, while indebtedness remained at $624.4 million with a net debt to gross assets ratio of 33.3%.
The company expects to complete its transition to a self-managed REIT in mid-November and intends to nominate seven new independent directors at the 2026 Annual Meeting, with the next hard debt maturity not due until December 2028.
Strategic capital actions included refinancing the Ritz-Carlton Lake Tahoe mortgage to $60.0 million and redeeming $5.0 million of non-traded preferred stock, while declaring dividends on Series B, D, E, and M preferred shares payable through January 2027.