Braemar Hotels & Resorts Inc. (BHR.PD) balance sheet

BHR.PDNYSEReal Estate Investment TrustsFiscal year ends December 31Also trades as BHR, BHR.PB

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 5/3013% below fair value

$16.41+0.30 (+1.86%)

Close on Nov 6, 2026Market cap $1.13BP/E –Yield 1.22%

Braemar Hotels & Resorts Inc. balance sheet

Millions of USD, except per-share data. Shares in millions.

Line item	Q3 2026 2026-09-30	Q2 2026 2026-06-30	Q1 2026 2026-03-31	Q4 2025 2025-12-31	Q3 2025 2025-09-30	Q2 2025 2025-06-30	Q1 2025 2025-03-31	Q4 2024 2024-12-31	Q3 2024 2024-09-30	Q2 2024 2024-06-30	Q1 2024 2024-03-31	Q4 2023 2023-12-31	Q3 2023 2023-09-30	Q2 2023 2023-06-30	Q1 2023 2023-03-31	Q4 2022 2022-12-31	Q3 2022 2022-09-30	Q2 2022 2022-06-30	Q1 2022 2022-03-31	Q4 2021 2021-12-31	Q3 2021 2021-09-30	Q2 2021 2021-06-30	Q1 2021 2021-03-31	Q4 2020 2020-12-31	Q3 2020 2020-09-30	Q2 2020 2020-06-30	Q1 2020 2020-03-31	Q4 2019 2019-12-31	Q3 2019 2019-09-30	Q2 2019 2019-06-30	Q1 2019 2019-03-31	Q4 2018 2018-12-31	Q3 2018 2018-09-30	Q2 2018 2018-06-30	Q1 2018 2018-03-31	Q4 2017 2017-12-31	Q3 2017 2017-09-30	Q2 2017 2017-06-30	Q1 2017 2017-03-31	Q4 2016 2016-12-31
Cash & Equivalents	79	94	93	124	116	80	82	135	169	115	137	86	149	128	281	262	359	251	185	216	196	158	86	79	88	103	142	72	83	80	74	183	164	169	95	138	127	130	161	127
Cash & Short-Term Investments	79	94	93	124	116	80	82	135	169	115	137	86	149	128	281	262	359	251	185	216	196	158	86	79	88	103	142	72	83	80	74	183	164	169	95	138	127	130	161	127
Receivables	24	28	37	33	33	33	40	32	32	32	41	39	36	33	45	51	27	33	29	24	17	19	18	14	17	7.75	14	19	20	19	23	13	24	22	20	14	20	19	25	18
Inventory	2.36	3.28	4.87	4.74	4.63	4.74	4.66	4.66	4.58	4.63	4.68	5.00	4.94	5.12	5.24	5.24	4.54	4.49	4.32	3.13	2.72	2.48	2.38	2.55	2.40	2.61	2.72	2.79	2.35	2.32	2.36	1.86	1.84	1.90	1.43	1.43	1.74	1.78	1.79	1.48
Property, Plant & Equipment	752	1,098	1,545	1,558	1,679	1,777	1,770	1,779	1,790	1,800	1,876	1,884	1,882	1,890	1,880	1,885	1,624	1,626	1,635	1,446	1,452	1,390	1,407	1,425	1,437	1,448	1,469	1,481	1,472	1,460	1,442	1,300	1,283	1,278	1,148	1,146	1,231	1,252	1,157	1,015
Gross Property, Plant & Equipment	1,016	1,403	1,906	1,902	2,126	2,272	2,258	2,253	2,271	2,270	2,388	2,383	2,365	2,361	2,336	2,325	2,056	2,044	2,044	1,845	1,848	1,774	1,783	1,785	1,781	1,786	1,795	1,791	1,768	1,749	1,719	1,563	1,536	1,520	1,406	1,403	1,529	1,518	1,411	1,258
Accumulated Depreciation	-263	-305	-362	-344	-447	-495	-488	-474	-481	-470	-512	-499	-483	-470	-455	-440	-431	-418	-410	-399	-396	-384	-376	-360	-344	-338	-325	-310	-297	-288	-277	-263	-253	-242	-258	-257	-298	-266	-254	-244
Land	222	365	576	576	612	644	631	631	631	631	631	631	631	631	631	630	560	560	560	481	481	455	455	455	455	455	455	455	455	455	455	429	429	429	345	345	348	348	303	211
Buildings & Improvements	661	880	1,117	1,117	1,308	1,423	1,429	1,430	1,429	1,430	1,545	1,536	1,524	1,520	1,516	1,512	1,329	1,325	1,322	1,216	1,222	1,187	1,190	1,190	1,188	1,183	1,186	1,173	1,107	1,095	1,089	989	984	982	966	962	1,076	1,071	1,023	972
Construction in Progress	6.91	7.80	12	16	23	20	20	20	23	26	29	37	42	39	23	23	21	14	12	12	9.14	7.36	9.39	11	9.76	13	21	33	97	80	60	42	24	14	11	7.90	8.24	5.87	6.09	4.38
Equity Method Investments	0	0	0	0.09	0.15	0.15	0.15	0.15	1.54	1.54	1.63	1.67	1.72	1.70	1.72	1.69	1.80	1.71	1.62	1.69	1.63	1.58	1.64	1.71	1.79	–	–	1.90	–	–	1.87	1.77	1.85	–	2.00	0	–	–	–	–
Operating Lease Right-of-Use Assets	0.31	0.33	31	31	34	35	35	35	34	34	78	78	79	79	79	79	80	80	80	80	81	81	81	81	82	82	82	83	83	82	82	0	–	–	–	–	–	–	–	–
Intangible Assets	0	0	2.65	2.75	2.84	2.94	3.03	3.13	3.22	3.31	3.41	3.50	3.60	3.69	3.79	3.88	3.98	4.07	4.17	4.26	4.36	4.45	4.55	4.64	4.74	4.83	4.92	5.02	5.11	5.21	5.30	28	28	28	22	23	23	23	23	23
Total Assets	1,228	1,659	1,849	1,862	2,009	2,064	2,098	2,136	2,178	2,212	2,281	2,227	2,268	2,262	2,410	2,398	2,210	2,093	2,048	1,880	1,840	1,760	1,681	1,674	1,702	1,722	1,803	1,759	1,767	1,760	1,762	1,636	1,610	1,617	1,423	1,424	1,492	1,499	1,451	1,257
Deferred Revenue (Current)	–	–	–	59	–	–	–	59	–	–	–	49	–	–	–	46	–	–	–	32	–	–	–	16	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating Lease Liabilities	0.37	0.38	20	20	20	20	20	20	19	19	60	60	60	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	0	–	–	–	–	–	–	–	–
Total Liabilities	1,021	1,180	1,347	1,337	1,373	1,403	1,402	1,414	1,412	1,427	1,466	1,408	1,416	1,369	1,505	1,572	1,455	1,440	1,448	1,356	1,350	1,314	1,279	1,278	1,282	1,285	1,309	1,247	1,263	1,239	1,227	1,093	1,085	1,083	895	895	985	982	927	828
Common Stock	0.69	0.69	0.69	0.68	0.68	0.68	0.67	0.67	0.67	0.67	0.66	0.67	0.66	0.66	0.66	0.70	0.71	0.71	0.71	0.65	0.64	0.57	0.43	0.38	0.37	0.34	0.34	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.32	0.32	0.32	0.32	0.26
Additional Paid-In Capital	708	708	708	706	727	727	721	719	719	719	719	718	718	717	716	734	739	738	737	707	698	662	571	542	534	526	524	520	518	517	515	513	474	473	472	470	467	468	468	402
Retained Earnings	-814	-562	-562	-569	-516	-502	-483	-478	-442	-437	-412	-412	-378	-341	-325	-325	-308	-290	-303	-309	-304	-296	-278	-266	-238	-217	-166	-151	-155	-138	-133	-115	-99	-88	-92	-89	-107	-99	-91	-93
Comprehensive Income & Other	–	–	–	0	0.00	-0.14	0.10	-0.68	-0.72	–	–	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Shareholders' Equity	-105	147	147	139	212	225	239	241	277	282	307	307	341	376	392	410	432	449	434	399	395	367	293	276	296	310	359	369	364	379	383	397	375	385	381	381	361	369	377	309
Noncontrolling Interest	0	2.03	2.08	2.10	-3.90	-3.32	-3.43	-3.37	-2.98	-9.98	-9.68	-8.93	-14	-13	-14	-16	-14	-15	-16	-17	-17	-16	-16	-15	-14	-12	-9.22	-6.01	-6.30	-5.54	-5.29	-5.39	-5.67	-5.25	-4.80	-4.75	-5.28	-5.40	-5.38	-5.36
Total Equity	-105	149	149	141	208	222	235	237	274	272	298	298	327	364	378	394	418	434	418	382	379	350	277	261	283	298	349	363	357	374	377	392	369	380	376	377	356	364	371	303
Total Liabilities & Equity	1,228	1,659	1,849	1,862	2,009	2,064	2,098	2,136	2,178	2,212	2,281	2,227	2,268	2,262	2,410	2,398	2,210	2,093	2,048	1,880	1,840	1,760	1,681	1,674	1,702	1,722	1,803	1,759	1,767	1,760	1,762	1,636	1,610	1,617	1,423	1,424	1,492	1,499	1,451	1,257
Shares Outstanding(shares)	69	69	69	68	68	68	67	67	67	67	66	67	66	66	66	70	71	71	71	65	64	57	43	38	37	34	34	33	33	33	33	33	33	33	33	32	32	32	32	26

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Sep 30, 2026

Profitability, TTM

Gross margin: 30.3%
Operating margin: -28.7%
Net margin: -37.4%
Return on equity, FY2025: -11.8%

Financial strength

Current ratio: –
Debt to equity: –
Debt to assets: –
Cash to current liabilities: –

Valuation

P/E ratio: –
Price to sales: 1.74
Price to book: –
Dividend yield: 1.22%

See a number that looks wrong?