BHR Q2 2024 Earnings — Braemar Hotels & Resorts Inc. Revenue & Financial Results | Market Cap Arena

BHRBraemar Hotels & Resorts Inc.

$177M

Q2 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$188M+0.5% YoY

Gross Profit

$49M26.2% margin

Operating Income

$12M6.5% margin

Net Income

-$12M-6.2% margin

EPS (Diluted)

$-0.17

QoQ Revenue Growth

-14.4%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$24M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$1.9B

Stockholders' Equity

$282M

Cash & Equivalents

$115M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$188M	$187M	+0.5%
Gross Profit	$49M	$52M	-5.6%
Operating Income	$12M	$17M	-30.0%
Net Income	-$12M	-$2M	-526.5%

Revenue Segments

Hotel

$188M50%

Occupancy

$116M31%

Food and Beverage

$48M13%

Hotel, Other

$24M6%

Geographic Segments

CALIFORNIA

$45M24%

FLORIDA

$30M16%

VIRGIN ISLANDS, US

$20M11%

DISTRICT OF COLUMBIA

$20M11%

ARIZONA

$17M9%

PUERTO RICO

$17M9%

ILLINOIS

$11M6%

WASHINGTON

$11M6%

PENNSYLVANIA

$11M6%

COLORADO

$5M3%