Braemar Hotels Announces February 2026 Preferred Dividends
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2026
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Should l Buy BHR?
Source: Newsfilter
- Dividend Announcement: Braemar Hotels & Resorts has declared preferred dividends for February 2026, with a cash dividend of $0.1146 per share for the 5.5% Series B Cumulative Convertible Preferred Stock, to be paid on April 15, 2026, demonstrating the company's commitment to shareholder returns.
- Multiple Preferred Dividends: The company also announced a cash dividend of $0.17187 per share for the 8.25% Series D Preferred Stock, which will be paid on April 15, 2026, reflecting stable cash flow in the high-growth luxury hotel market.
- Series E and M Preferred Stocks: For the Series E Redeemable Preferred Stock, a cash dividend of $0.15625 per share will be paid on March 16, 2026, while the Series M Preferred Stock will see dividends of $0.17917 and $0.17708 per share, showcasing the company's flexibility in its diversified financing structure.
- Equity Status: As of January 31, 2026, Braemar had 11,778,269 shares of Series E Redeemable Preferred Stock and 1,388,674 shares of Series M Redeemable Preferred Stock issued and outstanding, indicating the company's active presence in the preferred stock market and the robustness of its capital structure.
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Analyst Views on BHR
About BHR
Braemar Hotels & Resorts Inc. is a real estate investment trust focused on investing in luxury hotels and resorts. Its business objectives are to generate attractive returns on its invested capital and long-term growth in cash flow to maximize total returns to its stockholders. The Company operates in the direct hotel investment segment of the hotel lodging industry. It owns interests in approximately 14 hotel properties in seven states, the District of Columbia, Puerto Rico and St. Thomas, U.S. Virgin Islands. The hotel properties in its portfolio are predominantly located in the United States urban and resort locations. It owns 14 of its hotel properties directly and the remaining hotel property through an investment in a majority-owned consolidated joint venture entity. All the hotel properties in its portfolio are asset-managed by Ashford LLC. The Company's hotel properties include Capital Hilton, The Notary Hotel and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Transition Plan: Eubanks will officially step down as CFO on March 31, 2026, but will continue as Senior Managing Director to assist with financial and transitional matters until June 30, ensuring a smooth leadership transition.
- Leadership Confidence: Ashford Chairman Monty Bennett noted that Eubanks has demonstrated unwavering commitment to the strategic processes over the past 12 years as CFO, leaving the company in a strong financial position, reflecting his significant impact on leadership.
- Succession Strategy: Following Eubanks' departure, current Chief Accounting Officer Justin Coe will assume the role of Principal Financial Officer for the company and its advised REITs, ensuring continuity and stability in financial management while further solidifying the company's strategic foundation.
See More
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- Independence Issues Highlighted: Brancous emphasizes that the Board's independence is merely superficial when addressing economic matters related to the external manager, failing to effectively protect shareholder interests during critical conflicts of interest.
- Need for Renegotiation of Termination Framework: Brancous believes that the termination economics should be based on current and forward-looking economic conditions rather than outdated historical data to avoid overcompensating the external advisor and ensure maximum shareholder value.
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- Strong Resort Performance: The resort portfolio achieved a 4.1% increase in comparable RevPAR to $536, with comparable hotel EBITDA rising 6%, demonstrating robust operational efficiency and market demand despite flat overall RevPAR.
- Future Outlook and Uncertainty: Management expressed optimism about the future, emphasizing that recent renovations and asset sales will drive performance, but the ongoing sale process has left the common equity dividend policy for 2026 undetermined, adding uncertainty for shareholders.
See More
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- Revenue Insights: The company achieved Q4 revenue of $165.5 million, a 4.5% year-over-year decline, yet it surpassed market expectations by $18.3 million, suggesting some resilience in market demand despite difficulties.
- Balance Sheet Concerns: Despite the revenue beat, concerns regarding Braemar's balance sheet persist, which could impact its future financing capabilities and operational flexibility, necessitating investor attention on its financial health.
- Market Reaction: Given the earnings miss, market reactions may lead to stock price volatility for Braemar, prompting investors to carefully assess its future investment value.
See More
