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home / news releases / BHR - Braemar Hotels & Resorts reports preliminary estimates for Q4

BHR - Braemar Hotels & Resorts reports preliminary estimates for Q4

Braemar Hotels & Resorts Inc.
Braemar Hotels & Resorts (NYSE:BHR) reported its preliminary estimates for fourth quarter's net loss to range between $0.08 to $0.06 per share. Adjusted  EBITDAre to be within $28.7-$30.1M. Adjusted FFO to be in the range of $19.4-$20.8M for the quarter. It brings the FY21 Adjusted FFO to the range of $56.3-$57.7M. "We are pleased with these preliminary fourth quarter results, which continue to be driven by strong leisure demand at our properties, particularly at our luxury resorts" said Richard J. Stockton, Braemar's President and CEO. "These results were again propelled by impressive profit margins for the quarter due to high average daily rates and strong flow-through." Final results for the quarter will be released on Feb. 24, 2022. Earlier (Jan, 18), Braemar Hotels & Resorts stock rises after SEC terminates investigation

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Braemar Hotels & Resorts reports preliminary estimates for Q4
Stock Information
Company Name: Braemar Hotels & Resorts Inc.
Stock Symbol: BHR
Market: NYSE
Website: bhrreit.com
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