Braemar Hotels & Resorts Reports Q4 Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2026
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Should l Buy BHR?
Source: seekingalpha
- Earnings Performance: Braemar Hotels & Resorts reported a Q4 GAAP EPS of -$0.67, missing expectations by $0.16, indicating challenges in profitability that may affect investor confidence.
- 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.
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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.
- Cash Dividend Declaration: Braemar Hotels & Resorts announced a cash dividend of $0.1146 per share for its 5.5% Series B Cumulative Convertible Preferred Stock, to be paid on July 15, 2026, reflecting the company's commitment to shareholder returns.
- Preferred Stock Dividend Arrangement: The company also set a cash dividend of $0.17187 per share for its 8.25% Series D Preferred Stock, scheduled for the same payment date, indicating stability in maintaining shareholder interests.
- Series M Preferred Stock Dividends: Braemar will pay cash dividends of $0.17917 and $0.17708 per share for different CUSIPs of its Series M Redeemable Preferred Stock, enhancing its attractiveness to investors.
- Equity Overview: As of March 31, 2026, Braemar had 11,388,459 shares of Series E and 1,379,289 shares of Series M Redeemable Preferred Stock issued and outstanding, demonstrating the company's active presence in the preferred stock market.
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- Earnings Release Plan: Braemar Hotels & Resorts Inc. plans to issue its Q1 2026 earnings release after market close on May 6, 2026, demonstrating the company's commitment to transparency and investor communication.
- Investment Strategy: As a REIT focused on high-growth luxury hotels and resorts, Braemar targets properties generating revenue per available room (RevPAR) at least twice the U.S. national average, indicating its competitive edge in the premium market.
- Industry Leadership: Braemar's portfolio features luxury properties across the U.S. and Caribbean, leveraging external advisory from Ashford Hospitality Advisors LLC to showcase its strengths in asset management and industry expertise.
- Forward-Looking Statements: The company includes forward-looking information in its earnings release regarding business strategies, expected asset transactions, and financial performance, cautioning investors to carefully assess potential risks.
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Advisory Agreement Extension: BRAEMAR HOTELS & RESORTS has extended its advisory agreement with Ashford Hospitality Advisors for an additional ten years, set to last until January 24, 2037.
Strategic Partnership: This extension signifies a continued strategic partnership aimed at enhancing the operational and financial performance of the hotels and resorts managed by Ashford.
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- Executive Retirement: Ashford Inc. announced that CFO Deric Eubanks will retire in June 2026 after a 23-year career, highlighting the company's commitment to executive stability and continuity.
- Transition Plan: Eubanks will 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: Eubanks expressed confidence in the company's future, emphasizing the capability of the team and the soundness of the strategy, which enhances investor confidence in the company's ongoing development.
- Succession Plan: Following Eubanks' departure, current Chief Accounting Officer Justin Coe will assume the role of CFO, ensuring continuity and stability in financial management, reflecting the company's focus on future leadership.
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- Executive Retirement: Ashford Inc. announced that CFO Deric Eubanks will retire in June 2026, concluding a 23-year career during which he played a pivotal role in various key positions, ensuring financial stability for the company.
- 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.
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Retirement Announcement: Ashford has announced the planned retirement of Chief Financial Officer Deric Eubanks.
Impact on Leadership: Eubanks' retirement may lead to changes in the company's financial leadership and strategy moving forward.
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