Braemar Hotels & Resorts Inc. reported its financial results for the fourth quarter ended December 31, 2024, on February 26, 2025, highlighting a significant turnaround in performance. The company achieved comparable RevPAR growth of almost 2%, marking an important inflection point after six consecutive quarters of declining RevPAR.
For the fourth quarter, the company reported a funds from operations (FFO) loss of $4.3 million, or 6 cents per share. Despite the FFO loss, the positive RevPAR trend is a key indicator of improving operational momentum, with January RevPAR growth approximately 13%, or 9% excluding the Capital Hilton.
As of December 31, 2024, Braemar had total assets of $2.1 billion and $1.2 billion in loans, with a blended average interest rate of 7.2%. The company also announced it had redeemed approximately $80 million of its non-traded preferred stock, demonstrating progress on its shareholder value creation plan.
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