BHR - Braemar Hotels & Resorts Non-GAAP EPS of -$0.19 revenue of $171.62M

February, 22 2023 05:48 PM Braemar Hotels & Resorts Inc.

Braemar Hotels & Resorts press release ( NYSE: BHR ): Q4 Non-GAAP EPS of -$0.19.
Adjusted funds from operations (or AFFO) was $0.16.
Revenue of $171.62M (+31.6% Y/Y).
Comparable RevPAR for all hotels increased 8.3% over the prior year quarter to $301.
Comparable ADR increased 2.8% over the prior year quarter to $469 and Comparable Occupancy increased 5.4% over the prior year quarter to 64.2%.Compared to the fourth quarter of 2019, Comparable RevPAR was 20.4% higher, Comparable ADR was 39.9% higher, and Comparable Occupancy was 13.9% lower.
Net loss attributable to common stockholders for the quarter was $(13.5) million or $(0.19) per diluted share.
Adjusted EBITDAre was $39.2 million for the quarter, reflecting a growth rate of 33% over the prior year quarter, and 53.9% higher than what the Company reported in the fourth quarter of 2019.
Comparable Hotel EBITDA was $52.2 million for the quarter, which was 8.4% higher than the prior year quarter and 35.4% higher than the fourth quarter of 2019

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