Company Analysis

Braemar Hotels & Resorts Inc. (BHR)

NYSE: BHR · Real Estate Investment Trusts · Dallas, TX · filing with the SEC since 2013
Grade2.9
◀ Past 3.9● Present 2.6▶ Future 2.4

The grade of Braemar Hotels & Resorts Inc.

Nine metrics read from its own filings, by tense
Headline grade
2.9/10
◀ Past3.925% of the headline
● Present2.645% of the headline
▶ Future2.430% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

3.9/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
2.4/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2023-02-01.

weight 45% of this tense · 24th percentile among 174 sector filers · read for itself

From the record

Braemar Hotels & Resorts Inc.'s filings since 2017 show 1 warning event: a warning not to rely on past financial statements (8-K item 4.02, the latest 2023-02-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.0/10

What has it actually done, year after year?

+6.3% a year over 10 filed years; profitable in 5 of 10.

weight 33% of this tense · 30th percentile among 156 sector filers · read for its customers

From the record

Braemar Hotels & Resorts Inc.'s 10 filed years say what it did: revenue went from $406 million in fiscal 2016 to $704 million in fiscal 2025, up 6.3% a year; it rose in 6 of 9 years; the deepest fall was 53% from fiscal 2019 to fiscal 2020; net income was positive in 5 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span6.3%top 50% of its family
  • the share of years revenue rosebottom 34% of its family
  • the share of filed years with a profitbottom 18% of its family
  • the deepest fall from a revenue peak53.5%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
8.5/10

How has it treated the people who own it?

Share count shrank 1.0% a year. 89% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 85th percentile among 156 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Braemar Hotels & Resorts Inc.'s diluted share count shrank about 1.0% a year, and dividends and buybacks returned about 89% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 8% of its family
  • cash returned against operating cash flowtop 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

2.6/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
1.9/10

Is it financially healthy right now?

ROE -16%: lost 16¢ per shareholder dollar. Leverage 92%: owes 92¢ per asset dollar.

weight 45% of this tense · 19th percentile among 171 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Braemar Hotels & Resorts Inc. lost about 16 cents for every dollar of shareholders' money. Leverage: it owed about 92 cents per dollar of assets, and net share issuance: its share count grew 1.7% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 7% of its family
  • return on equitybottom 7% of its family
  • the share count against the year beforebottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.5/10

How strong is its position in its industry?

bottom 35% of 157 in its family; net margin -3.2%.

weight 33% of this tense · 35th percentile among 157 sector filers · read for its customers

From the record

Braemar Hotels & Resorts Inc.'s standing among 157 graded names in its industry family: revenue of $704 million in fiscal 2025 ranks in the top 50% by size; a net margin of -3.2% ranks in the bottom 25%; revenue growth of 1.7% a year over the last 3 filed years ranks in the bottom 30% (its annual reports).

What it rests on

  • revenue against the family$704Mtop 50% of its family
  • net margin-3.2%bottom 25% of its family
  • three-year revenue growth1.7%bottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.8/10

What are the people in charge doing?

bottom 28% of 160 in its family for leadership; chief executive since 2016.

weight 22% of this tense · 28th percentile among 160 sector filers · read for its shareholders

From the record

Braemar Hotels & Resorts Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Stockton, Richard J (CEO and President, as filed), filing under that title since 2016-11-02, 10 years (top 36% of its family); the 6 officers and directors filing in the last fifteen months have been on the record a median of 5.6 years (bottom 19%); 15 officer or director changes were reported on Form 8-K since 2023-11-13, against the 6 people in charge now (bottom 1%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge15 in three years among 6 peoplebottom 1% of its family
  • the median years the people in charge have filed5.6 yearsbottom 19% of its family
  • the chief executive's years on the record10.0 yearstop 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

2.4/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
1.9/10

How much room does it have to grow?

bottom 19% of 146 in its family for room to expand.

weight 22% of this tense · 19th percentile among 146 sector filers · read for itself

From the record

Braemar Hotels & Resorts Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $124 million against debt of $1.1 billion leaves -52.6% of its assets as net cash, bottom 21% of its family; cash from operations less capital spending is 5.8% of revenue (bottom 16%) (its annual report).

What it rests on

  • cash less debt against assets-52.6%bottom 21% of its family
  • cash from operations less capital spending against revenue5.8%bottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
2.8/10

What could actually drive growth from here?

bottom 28% of 153 in its family for growth drivers.

weight 33% of this tense · 28th percentile among 153 sector filers · read for its customers

From the record

Braemar Hotels & Resorts Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 1.7% a year over the last three filed years against 6.3% over all 10, slowing (bottom 33% of its family); the newest year grew -3.4% (bottom 24%) (its annual reports). Braemar Hotels & Resorts Inc. reported 3 product lines in fiscal 2025: Occupancy at $429 million (61%), Food and Beverage at $180 million (26%), Hotel Other at $95 million (14%); 1 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-4.6 points a yearbottom 33% of its family
  • the newest year's revenue growth-3.4%bottom 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
2.4/10

Did its newest year beat what its own record pointed to?

bottom 24% of 150 in its family for expectations against reality.

weight 45% of this tense · 24th percentile among 150 sector filers · read for its shareholders

From the record

Braemar Hotels & Resorts Inc.'s newest year against its own record: revenue of $704 million in fiscal 2025 came in 7.3% below the $760 million its prior three years' pace pointed to (bottom 30% of its family); net income of $22 million against a prior three-year average of $4 million (bottom 2%); a net margin of -3.2% against -0.4% before (bottom 40%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-7.3%bottom 30% of its family
  • net income against the prior three years' averagefive times below its prior average or morebottom 2% of its family
  • net margin against its prior average-2.8 pointsbottom 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BHR · research, not advice