BHR Q4 2023 Earnings — Braemar Hotels & Resorts Inc. Revenue & Financial Results | Market Cap Arena

BHRBraemar Hotels & Resorts Inc.

$177M

Q4 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$178M+3.4% YoY

Gross Profit

$36M20.1% margin

Operating Income

$6M3.3% margin

Net Income

-$19M-10.8% margin

EPS (Diluted)

$-0.29

QoQ Revenue Growth

+11.1%

Cash Flow

Operating Cash Flow

$12M

Free Cash Flow

$12M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$1.9B

Stockholders' Equity

$307M

Cash & Equivalents

$86M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$178M	$172M	+3.4%
Gross Profit	$36M	$65M	-45.6%
Operating Income	$6M	$12M	-51.6%
Net Income	-$19M	-$3M	-494.0%

Revenue Segments

Occupancy

$364M48%

Hotel

$178M23%

Food and Beverage

$147M19%

Hotel, Other

$69M9%

Geographic Segments

CALIFORNIA

$75M23%

FLORIDA

$59M18%

ARIZONA

$37M12%

PUERTO RICO

$37M11%

VIRGIN ISLANDS, US

$32M10%

DISTRICT OF COLUMBIA

$25M8%

COLORADO

$24M7%

PENNSYLVANIA

$13M4%

ILLINOIS

$12M4%

WASHINGTON

$10M3%