BHR
Braemar Hotel & Resorts Inc
NYSE: BHR · REAL ESTATE · REIT - HOTEL & MOTEL
$2.40
-0.83% today
Updated 2026-05-01
Market cap
$185.81M
P/E ratio
—
P/S ratio
0.26x
EPS (TTM)
$-1.07
Dividend yield
8.47%
52W range
$2 – $3
Volume
0.4M
Braemar Hotel & Resorts Inc (BHR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $191.99M | $221.19M | $233.50M | $307.31M | $349.55M | $405.86M | $414.06M | $431.40M | $487.61M | $226.97M | $427.54M | $669.59M | $739.34M | $728.40M | $704.01M |
| Revenue growth (YoY) | — | +15.2% | +5.6% | +31.6% | +13.7% | +16.1% | +2.0% | +4.2% | +13.0% | -53.5% | +88.4% | +56.6% | +10.4% | -1.5% | -3.3% |
| Cost of revenue | $128.18M | $148.99M | $158.15M | $215.68M | $250.48M | $294.26M | $302.07M | $312.19M | $372.12M | $218.46M | $344.66M | $505.10M | $570.88M | $574.73M | $711.59M |
| Gross profit | $63.81M | $72.20M | $75.34M | $91.63M | $99.06M | $111.59M | $112.00M | $119.21M | $115.49M | $8.51M | $82.88M | $164.49M | $168.47M | $153.68M | $-8.01M |
| Gross margin | 33.2% | 32.6% | 32.3% | 29.8% | 28.3% | 27.5% | 27.0% | 27.6% | 23.7% | 3.8% | 19.4% | 24.6% | 22.8% | 21.1% | -1.1% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $9.61M | $10.85M | $12.54M | $15.78M | $23.02M | $29.24M | $17.28M | $22.01M | $5.43M | $25.14M | $8.72M | $18.08M | $13.52M | $14.36M | $11.75M |
| Operating income | $24.38M | $31.81M | $19.41M | $43.75M | $45.98M | $47.14M | $38.84M | $65.83M | $64.40M | $-79.85M | $1.45M | $68.39M | $61.67M | $128.75M | $43.09M |
| Operating margin | 12.7% | 14.4% | 8.3% | 14.2% | 13.2% | 11.6% | 9.4% | 15.3% | 13.2% | -35.2% | 0.3% | 10.2% | 8.3% | 17.7% | 6.1% |
| EBITDA | $63.89M | $61.14M | $63.81M | $84.11M | $78.83M | $90.56M | $93.25M | $90.54M | $128.23M | $-9.77M | $73.59M | $154.15M | $160.03M | $227.91M | $165.11M |
| EBITDA margin | 33.3% | 27.6% | 27.3% | 27.4% | 22.6% | 22.3% | 22.5% | 21.0% | 26.3% | -4.3% | 17.2% | 23.0% | 21.6% | 31.3% | 23.5% |
| EBIT | $34.29M | $31.81M | $32.95M | $43.42M | $35.01M | $-267.73M | $-268.24M | $-298.79M | $57.47M | $-83.98M | $-686000.00 | $75.56M | $66.28M | $128.73M | $72.54M |
| Interest expense | $31.80M | $31.24M | $33.01M | $39.03M | $37.83M | $40.88M | $38.94M | $49.65M | $54.51M | $45.10M | $30.90M | $52.17M | $94.22M | $108.12M | $88.36M |
| Income tax | $2.64M | $4.38M | $2.34M | $1.10M | $263000.00 | $1.57M | $-522000.00 | $2.43M | $1.76M | $-4.41M | $1.32M | $4.04M | $2.69M | $842000.00 | — |
| Effective tax rate | 80.8% | -2723.0% | -24.8% | 36.1% | -4.1% | 7.5% | -2.3% | 64.8% | 82.6% | 4.0% | -5.2% | 18.5% | -11.1% | -98.9% | 0.0% |
| Net income | $626000.00 | $-4.54M | $-11.78M | $1.94M | $-6.71M | $19.32M | $23.02M | $1.32M | $371000.00 | $-105.26M | $-26.66M | $17.76M | $-27.02M | $-1.69M | $-22.32M |
| Net income growth (YoY) | — | -826.0% | -159.2% | +116.5% | -446.2% | +387.8% | +19.2% | -94.3% | -71.9% | -28472.5% | +74.7% | +166.6% | -252.1% | +93.7% | -1218.3% |
| Profit margin | 0.3% | -2.1% | -5.0% | 0.6% | -1.9% | 4.8% | 5.6% | 0.3% | 0.1% | -46.4% | -6.2% | 2.7% | -3.7% | -0.2% | -3.2% |