Braemar reports preliminary Q4 net income $0.5–$3.5M; EBITDAre $36–$39M, above consensus

Braemar Hotels & Resorts Inc.

Preliminary Q4 2022 net income range $0.5M to $3.5M.
Preliminary Adjusted EBITDAre range $36M–$39M; lower end above analyst consensus.
October RevPAR $280 (+14% vs 2019); November RevPAR $253 (+15% vs 2019).
December RevPAR expected to show similar premium to 2019 levels.
Company provides positive operational update with RevPAR exceeding pre-pandemic.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Braemar Hotels & Resorts Inc. reported the fourth quarter ending December 31, 2022 results: net income approximately $0.5 million to $3.5 million. Guidance initiated.

Period: the fourth quarter ending December 31, 2022
Net income: approximately $0.5 million to $3.5 million
Guidance: initiated
Result: preliminary results

Exact text from the filing

announced today its preliminary expectations for net income and Adjusted EBITDAre for the fourth quarter ending December 31, 2022. The Company reported today a preliminary estimated range of net income of approximately $0.5 million to $3.5 million and a preliminary estimated range of Adjusted EBITDAre of $36.0 million to $39.0 million.

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Source: SEC EDGAR

accession 0001574085-22-000149

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