)
Overview
<ul>
<li>U.S. luxury hotel REIT’s Q4 RevPAR flat, comparable ADR up 5.4%, occupancy down 5.2%</li>
<li>Net loss for Q4 was $46 mln, with AFFO at $(0.02) per share</li>
<li>Company completed sale of The Clancy hotel for $115 mln</li>
</ul>
Result Drivers
<ul>
<li>RENOVATIONS IMPACT - Renovations at certain properties affected overall portfolio results, but properties not under renovation saw improved performance</li>
<li>RESORT PERFORMANCE - Resort portfolio delivered solid Q4 with 4.1% RevPAR growth and 6.0% EBITDA growth over prior year</li>
<li>LXR BRAND CONVERSION - Completed conversion of Cameo Beverly Hills to Hilton’s luxury LXR brand, aligning with luxury traveler expectations</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q4 Net -$46 mln
Income
Q4 $38 mln
Adjusted
Hotel
<h3>EBITDA</h3>
Q4 Capex $23.40
mln
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “hold” and the breakdown of recommendations is no “strong buy” or “buy”, 2 “hold” and no “sell” or “strong sell”</li>
<li>The average consensus recommendation for the specialized reits peer group is “buy.”</li>
<li>Wall Street’s median 12-month price target for Braemar Hotels &amp; Resorts Inc is $4.00, about 29% above its February 25 closing price of $3.10 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</li>
</ul>

Braemar Hotels Q4 comparable ADR rises 5.4%