Braemar Hotels & Resorts | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 143.56 M

Revenue: As of FY2025 Q3, the actual value is USD 143.56 M, beating the estimate of USD 142.62 M.

EPS: As of FY2025 Q3, the actual value is USD -0.12, beating the estimate of USD -0.66.

EBIT: As of FY2025 Q3, the actual value is USD 12.53 M.

Segment Revenue

• Rooms Revenue: $85.7 million for Q3 2025, down from $92.4 million in Q3 2024. $331.6 million for the nine months ended September 30, 2025, down from $347.2 million in the same period in 2024.
• Food and Beverage Revenue: $36.6 million for Q3 2025, up from $34.8 million in Q3 2024. $134.0 million for the nine months ended September 30, 2025, down from $135.9 million in the same period in 2024.
• Other Revenue: $21.2 million for Q3 2025, consistent with Q3 2024. $72.8 million for the nine months ended September 30, 2025, up from $72.0 million in the same period in 2024.

Operational Metrics

• Net Income: $4.7 million for Q3 2025, down from $39.8 million in Q3 2024. $8.6 million for the nine months ended September 30, 2025, down from $41.5 million in the same period in 2024.
• Operating Income: $29.8 million for Q3 2025, down from $70.3 million in Q3 2024. $84.4 million for the nine months ended September 30, 2025, down from $125.0 million in the same period in 2024.
• Operating Expenses: $154.7 million for Q3 2025, down from $166.3 million in Q3 2024. $495.0 million for the nine months ended September 30, 2025, down from $518.3 million in the same period in 2024.

Cash Flow

• Operating Cash Flow: $32.4 million for the nine months ended September 30, 2025, down from $60.2 million in the same period in 2024.

Unique Metrics

• Gain on Disposition of Assets: $41.0 million for Q3 2025, down from $88.2 million in Q3 2024. $41.0 million for the nine months ended September 30, 2025, down from $88.2 million in the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company continues to focus on high RevPAR luxury hotels and resorts, with a strategy to maintain properties with RevPAR at least twice the national average.
• Non-Core Business: The company has divested properties such as the Hilton La Jolla Torrey Pines and Marriott Seattle Waterfront, indicating a strategy to streamline its portfolio.
• Priority: Emphasis on maintaining high RevPAR properties and strategic divestitures to optimize the portfolio.