BHRBraemar Hotels & Resorts Inc.

$177M

Q1 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$215M+33.0% YoY

Gross Profit

$71M33.0% margin

Operating Income

$38M17.6% margin

Net Income

$16M7.4% margin

EPS (Diluted)

$0.05

QoQ Revenue Growth

+25.5%

Cash Flow

Operating Cash Flow

$42M

Free Cash Flow

$42M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$1.5B

Stockholders' Equity

$884M

Cash & Equivalents

$345M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$215M	$162M	+33.0%
Gross Profit	$71M	$55M	+29.9%
Operating Income	$38M	$26M	+42.9%
Net Income	$16M	$15M	+9.4%

Revenue Segments

Hotel

$215M100%

Geographic Segments

CALIFORNIA

$35M25%

FLORIDA

$22M16%

VIRGIN ISLANDS, US

$16M12%

PUERTO RICO

$15M11%

COLORADO

$14M10%

ARIZONA

$14M10%

DISTRICT OF COLUMBIA

$9M6%

PENNSYLVANIA

$5M3%

WASHINGTON

$4M3%

ILLINOIS

$4M3%

BHR Q1 2023 Earnings — Braemar Hotels & Resorts Inc. Revenue & Financial Results | Market Cap Arena