Stocks Real estate BHR
NYSE · Real estateBraemar Hotels & Resorts Inc. (BHR)
Braemar Hotels & Resorts Inc. brought in $647.1M of revenue over the twelve months to September 30, 2026, down 9.1% from a year earlier. It posted a net loss of $242.1M. In fiscal 2025 capital spending exceeded operating cash flow by $37.1M. At September 30, 2026 it held $78.9M in cash against $443M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Braemar Hotels & Resorts Inc.
- Net worth
- Braemar Hotels & Resorts Inc. has a market value (market cap) of $110.6M at the latest share price, and shareholders' equity of -$105.5M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $704M (-3.3% year on year), with a net loss of $22.3M. Over the 12 months to September 30, 2026: revenue $647.1M, net loss $242.1M.
- Cash flow
- In fiscal 2025 operations brought in $40.8M of cash; after $77.9M of capital spending, free cash flow was -$37.1M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Dividend
- Braemar Hotels & Resorts Inc. declared dividends of $0.20 per share in fiscal 2025, a yield of 12.42% at the current price.
What Braemar Hotels & Resorts Inc. does
Braemar Hotels & Resorts Inc. is registered with the SEC under industry code SIC 6798 (Real Estate Investment Trusts). Its shares trade on NYSE under the ticker BHR.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $704M | -$22.3M | -$1.07 | -$37.1M |
| 2024 | $728.4M | -$1.7M | -$0.77 | -$3.8M |
| 2023 | $739.3M | -$27M | -$1.13 | $84.7M |
| 2022 | $669.6M | $17.8M | -$0.15 | -$245M |
| 2021 | $427.5M | -$26.7M | -$0.76 | $46.3M |
| 2020 | $227M | -$105.3M | -$3.39 | -$50.3M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where BHR ranks in Real estate
Dividends
Braemar Hotels & Resorts Inc. declared $0.20 per share in fiscal 2025. At the current price that is a yield of 12.42%. It paid out $47.3M in cash dividends.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.20 | $47.3M | n/a |
| 2024 | $0.20 | $51.6M | n/a |
| 2023 | $0.20 | $52.6M | n/a |
| 2022 | $0.08 | $20.8M | 117% |
| 2021 | n/a | $9.1M | n/a |
| 2020 | n/a | $16.2M | n/a |
Latest SEC filings
What Braemar Hotels & Resorts Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 29% to $101.6M versus the same quarter last year; diluted EPS -$3.51 versus -$0.12.
- November 4, 2026Additional proxy material DEFA14A
- November 4, 2026
- November 4, 2026Form DEFC14A filing DEFC14A
- November 3, 2026Additional proxy material DEFA14A
- November 3, 2026
- November 3, 2026
- October 30, 2026Activist stake changed SCHEDULE 13D/A
- October 27, 2026Form PRRN14A filing PRRN14A
Insider trades
What the people running Braemar Hotels & Resorts Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| February 24, 2026 | Bennett Monty JDirector | Other changeindirect | 123,477 | - |
Who owns BHR
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Virtus InfraCap U.S. Preferred Stock ETF, a Series of ETFis Series Trust I13G, passive with 2 related filers | 21.9% | August 14, 2026 |
| Al Shams Investments Limited13D, may seek influence with 1 related filers | 9.8% | November 12, 2024 |
| Al Shams Investments LTD13D, may seek influence with 1 related filers | 9.48% | October 30, 2026 |
| Zazove Associates LLC13G, passive with 2 related filers | 8% | August 14, 2026 |
| Jason Aintabi13D, may seek influence with 5 related filers | 6.9% | December 23, 2025 |
| BlackRock Portfolio Management LLC13G, passive | 6% | April 15, 2025 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 133 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 8,842,789 | +267,282 |
| Infrastructure Capital Advisors, LLC | 933,990 | +108,208 |
| Zazove Associates LLC | 2,364,438 | -2,057,541 |
| Vanguard Capital Management LLC | 2,737,146 | -17,370 |
| Nexpoint Asset Management, L.P. | 339,774 | 0 |
| Geode Capital Management, LLC | 1,510,399 | +104,001 |
| State Street Corp | 1,312,676 | -35,652 |
| Arrowstreet Capital, Limited Partnership | 1,142,971 | +92,709 |
| Landmark Investment Partners, L.P. | 988,883 | -150,915 |
| Marshall Wace, Llp | 857,674 | +651,485 |
| Renaissance Technologies LLC | 706,500 | -25,400 |
| Fmr LLC | 107,692 | -531 |
| Goldman Sachs Group Inc | 592,777 | +358,896 |
| Dimensional Fund Advisors LP | 562,683 | -140,883 |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 480,000 | 0 |
| Northern Trust Corp | 470,710 | +4,824 |
| Palogic Value Management, L.P. | 73,867 | 0 |
| Jacobs Levy Equity Management, Inc | 435,820 | +43,003 |
| Ironwood Investment Management LLC | 431,444 | 0 |
| D. E. Shaw & Co., Inc. | 424,312 | +183,815 |
Insiders
1 insiders reported holding 123,477 shares in total, about $198.8K at the last price.
| Holder | Shares |
|---|---|
| Bennett Monty JDirector | 123,477123,477 held indirectly |
Questions about BHR
What does Braemar Hotels & Resorts Inc. do?
Braemar Hotels & Resorts Inc. is a company in the Real estate sector, listed on NYSE as BHR. Its shares trade on NYSE under the ticker BHR.
What is Braemar Hotels & Resorts Inc.'s net worth?
Braemar Hotels & Resorts Inc. has a market value (market cap) of $110.6M at the latest share price, and shareholders' equity of -$105.5M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Braemar Hotels & Resorts Inc. profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $242.1M on revenue of $647.1M.
How much revenue does Braemar Hotels & Resorts Inc. make?
Over the twelve months to September 30, 2026 Braemar Hotels & Resorts Inc. reported revenue of $647.1M. That is 9.1% less than a year earlier.
When did Braemar Hotels & Resorts Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.
Does Braemar Hotels & Resorts Inc. pay a dividend?
Yes. Braemar Hotels & Resorts Inc. declared dividends of $0.20 per share in fiscal 2025, a yield of 12.42% at the current price.
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Where the numbers come from
Financial figures are the values Braemar Hotels & Resorts Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.