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Braemar Hotels & Resorts (BHR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Braemar Hotels & Resorts
NYSE•Real Estate•REIT - Hotel & Motel
$1.84-0.06(-0.03%)Pre-market
Market Cap
$122.94M
P/S
0.2x
P/B
0.8x

Braemar Hotels & Resorts Inc. is a real estate investment trust focused on the high-growth luxury hotel and resort sector. The Company targets high-performance luxury urban and resort properties, specializing in assets that generate revenue per available room at least twice the U.S. national average. Its industry-leading portfolio features luxury properties across the United States and the U.S. territories in the Caribbean. Braemar leverages deep industry expertise and disciplined asset management to drive outsized performance. Braemar Hotels & Resorts Inc. was established in 2013 and was incorporated in Maryland.

D

How this company scores

WeakMetricSide Score: 21/100

Strongest: Profitability (8/25); weakest: Balance Sheet & Red Flags (3/25).

Profitability8/25
Growth5/25
Balance Sheet & Red Flags3/25
Cash & Earnings Quality5/25
Strengths
Long cash runway

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 90.4x5y range 13.0x – 90.4x
P/E 90.4x · above its 5-quarter median

Currently above its 5-quarter median.

P/S · 0.2x5y range 0.2x – 0.8x
P/S 0.2x · below its 20-quarter median

Currently below its 20-quarter median.

P/B · 0.8x5y range 0.4x – 1.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 34.3% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume
Market Cap $122.94M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$689.13M
7Q
Q. Revenue
$171.03M
4%
TTM EBITDA
$177.80M
2Q
TTM Op. Income
$87.97M
2Q
Q. Op. Income
$30.61M
71%
TTM Net Income
$-3.11M
2Q
Q. Net Income
$7.04M
229%
EPS
$-0.01
96%
Shares Out.
$68.68M
6Q
$689.13M in TTM revenue declined 3.8% YoY, reaching $171.03M last quarter. TTM EBITDA of $177.80M and TTM operating income of $87.97M show growth is flowing through to the bottom line. However, net income is negative at $3.11M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 7 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
30.4%
2Q
Op. Margin
17.9%
79%
Net Margin
4.1%
235%
Op. margin of 17.9% is up 7.9% YoY — cost efficiency is improving. Net margin at 4.1% Over the past year, operating margin is up 79% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
0.2x
2Q
P/B Ratio
0.8x
2Q
P/S of 0.2x and P/B of 0.8x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$1.66B
7Q
Cash
$93.86M
17%
Long-Term Debt
$745.92M
38%
Book Value
$147.03M
2Q
D/E Ratio
5.1
2Q
Debt/EBITDA
14.3
2Q
With $1.66B in assets and $745.92M in long-term debt, D/E is 5.1and book value is $147.03M — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$20.92M
9%
TTM Free Cash Flow
$-17.26M
2Q
FCF Margin
-2.5%
2Q
FCF / Net Income
5.6
2Q
TTM FCF of $-17.26M on $20.92M in operating cash flow. The FCF / Net Income ratio of 5.6x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.

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P/B 0.8x
· near its 20-quarter median

Currently near its 20-quarter median.

Leverage Risk

Red Flag

D/E ratio is 5.1 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Revenue Decline

Red Flag

Revenue declined in 7 of the last 7 quarters — persistent contraction signals a fundamental problem.

Cash Burn

Watch

5 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Share Dilution

Watch

Shares outstanding rose 3.2% — mild dilution. Compare to earnings growth to assess the net per-share impact.