BHR Q3 2023 Earnings — Braemar Hotels & Resorts Inc. Revenue & Financial Results | Market Cap Arena

BHRBraemar Hotels & Resorts Inc.

$177M

Q3 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$160M-0.9% YoY

Gross Profit

$26M16.2% margin

Operating Income

$651,0000.4% margin

Net Income

-$22M-13.8% margin

EPS (Diluted)

$-0.33

QoQ Revenue Growth

-14.4%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

$11M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$1.4B

Stockholders' Equity

$831M

Cash & Equivalents

$149M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$160M	$161M	-0.9%
Gross Profit	$26M	$31M	-16.0%
Operating Income	$651,000	$3M	-79.1%
Net Income	-$22M	-$8M	-174.0%

Revenue Segments

Hotel

$160M50%

Occupancy

$101M32%

Food and Beverage

$39M12%

Hotel, Other

$21M6%

Geographic Segments

CALIFORNIA

$51M32%

FLORIDA

$20M13%

PUERTO RICO

$15M9%

VIRGIN ISLANDS, US

$14M9%

DISTRICT OF COLUMBIA

$13M8%

WASHINGTON

$12M8%

ILLINOIS

$10M6%

COLORADO

$10M6%

ARIZONA

$8M5%

PENNSYLVANIA

$8M5%