BHR Q1 2024 Earnings — Braemar Hotels & Resorts Inc. Revenue & Financial Results | Market Cap Arena

BHRBraemar Hotels & Resorts Inc.

$177M

Q1 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$219M+1.8% YoY

Gross Profit

$66M30.0% margin

Operating Income

$42M19.4% margin

Net Income

$16M7.3% margin

EPS (Diluted)

$0.05

QoQ Revenue Growth

+23.4%

Cash Flow

Operating Cash Flow

$36M

Free Cash Flow

$36M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$2.0B

Stockholders' Equity

$307M

Cash & Equivalents

$137M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$219M	$215M	+1.8%
Gross Profit	$66M	$71M	-7.6%
Operating Income	$42M	$38M	+12.3%
Net Income	$16M	$16M	-0.7%

Revenue Segments

Hotel

$219M50%

Occupancy

$139M32%

Food and Beverage

$54M12%

Hotel, Other

$27M6%

Geographic Segments

CALIFORNIA

$48M22%

FLORIDA

$40M18%

PUERTO RICO

$27M12%

VIRGIN ISLANDS, US

$25M11%

ARIZONA

$25M11%

COLORADO

$23M10%

DISTRICT OF COLUMBIA

$15M7%

PENNSYLVANIA

$6M3%

WASHINGTON

$6M3%

ILLINOIS

$5M2%