BHR - Braemar Hotels & Resorts FFO of $0.20 in-line revenue of $186.71M beats by $4.47M
2023-08-02 00:57:06 ET
- Braemar Hotels & Resorts press release ( NYSE: BHR ): Q2 FFO of $0.20 in-line.
- Revenue of $186.71M (+6.8% Y/Y) beats by $4.47M .
- Comparable RevPAR for all hotels decreased 4.2% over the prior year quarter to $309. Comparable ADR decreased 5.2% over the prior year quarter to $436 and Comparable Occupancy increased 1.0% over the prior year quarter to 70.9%.
- Adjusted EBITDAre was $46.3 million for the quarter.
- Comparable Hotel EBITDA was $53.7 million for the quarter.
- The Company ended the quarter with cash and cash equivalents of $128.0 million and restricted cash of $63.4 million.
- Net debt to gross assets was 37.3% at the end of the second quarter.
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Braemar Hotels & Resorts FFO of $0.20 in-line, revenue of $186.71M beats by $4.47M