BHR Q2 2023 Earnings — Braemar Hotels & Resorts Inc. Revenue & Financial Results | Market Cap Arena

BHRBraemar Hotels & Resorts Inc.

$177M

Q2 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$187M+6.8% YoY

Gross Profit

$52M27.9% margin

Operating Income

$17M9.3% margin

Net Income

-$2M-1.0% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

-13.3%

Cash Flow

Operating Cash Flow

$20M

Free Cash Flow

$20M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$1.4B

Stockholders' Equity

$870M

Cash & Equivalents

$191M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$187M	$175M	+6.8%
Gross Profit	$52M	$56M	-7.0%
Operating Income	$17M	$27M	-35.0%
Net Income	-$2M	$14M	-112.8%

Revenue Segments

Hotel

$187M100%

Geographic Segments

CALIFORNIA

$31M26%

FLORIDA

$15M13%

VIRGIN ISLANDS, US

$13M11%

PUERTO RICO

$13M11%

DISTRICT OF COLUMBIA

$11M10%

WASHINGTON

$8M7%

ARIZONA

$8M7%

ILLINOIS

$8M7%

PENNSYLVANIA

$8M7%

COLORADO

$2M2%