Braemar Hotels & Resorts Inc. (BHR.PD) stock
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 operating margin
Operating margin is operating income as a percentage of revenue.
Braemar Hotels & Resorts's operating margin for the twelve months ending Sep 30, 2026 was -28.7%. For fiscal 2025 it was 10.3%, against 17.7% the year before. The highest annual figure on record is 18.1% in fiscal 2016.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 10.3% | −7.4 |
| FY2024 | Dec 31, 2024 | 17.7% | +9.3 |
| FY2023 | Dec 31, 2023 | 8.3% | −1.9 |
| FY2022 | Dec 31, 2022 | 10.2% | +9.9 |
| FY2021 | Dec 31, 2021 | 0.3% | +35.5 |
| FY2020 | Dec 31, 2020 | -35.2% | −48.4 |
| FY2019 | Dec 31, 2019 | 13.2% | −2.1 |
| FY2018 | Dec 31, 2018 | 15.3% | +0.1 |
| FY2017 | Dec 31, 2017 | 15.1% | −3.0 |
| FY2016 | Dec 31, 2016 | 18.1% | +5.0 |
| FY2015 | Dec 31, 2015 | 13.2% | −1.1 |
| FY2014 | Dec 31, 2014 | 14.2% | +5.9 |
| FY2013 | Dec 31, 2013 | 8.3% | −6.1 |
| FY2012 | Dec 31, 2012 | 14.4% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | -240.0% | −260.8 |
| Q2 FY2026 | Jun 30, 2026 | 17.9% | +7.9 |
| Q1 FY2026 | Mar 31, 2026 | 19.0% | +1.9 |
| Q4 FY2025 | Dec 31, 2025 | -7.3% | −9.5 |
| Q3 FY2025 | Sep 30, 2025 | 20.8% | −26.6 |
| Q2 FY2025 | Jun 30, 2025 | 10.0% | +3.5 |
| Q1 FY2025 | Mar 31, 2025 | 17.0% | −2.4 |
| Q4 FY2024 | Dec 31, 2024 | 2.2% | −1.1 |
| Q3 FY2024 | Sep 30, 2024 | 47.4% | +47.0 |
| Q2 FY2024 | Jun 30, 2024 | 6.5% | −2.8 |
| Q1 FY2024 | Mar 31, 2024 | 19.4% | +1.8 |
| Q4 FY2023 | Dec 31, 2023 | 3.3% | −3.7 |
| Q3 FY2023 | Sep 30, 2023 | 0.4% | −1.5 |
| Q2 FY2023 | Jun 30, 2023 | 9.3% | −6.0 |
| Q1 FY2023 | Mar 31, 2023 | 17.6% | +1.2 |
| Q4 FY2022 | Dec 31, 2022 | 7.0% | +1.7 |
| Q3 FY2022 | Sep 30, 2022 | 1.9% | +1.0 |
| Q2 FY2022 | Jun 30, 2022 | 15.3% | +18.2 |
| Q1 FY2022 | Mar 31, 2022 | 16.3% | +20.8 |
| Q4 FY2021 | Dec 31, 2021 | 5.3% | +48.6 |
| Q3 FY2021 | Sep 30, 2021 | 0.9% | +32.9 |
| Q2 FY2021 | Jun 30, 2021 | -2.9% | +306.2 |
| Q1 FY2021 | Mar 31, 2021 | -4.4% | −1.7 |
| Q4 FY2020 | Dec 31, 2020 | -43.3% | −68.2 |
| Q3 FY2020 | Sep 30, 2020 | -32.0% | −38.2 |
| Q2 FY2020 | Jun 30, 2020 | -309.1% | −319.8 |
| Q1 FY2020 | Mar 31, 2020 | -2.7% | −13.7 |
| Q4 FY2019 | Dec 31, 2019 | 24.9% | +21.7 |
| Q3 FY2019 | Sep 30, 2019 | 6.2% | −4.2 |
| Q2 FY2019 | Jun 30, 2019 | 10.7% | −19.9 |
| Q1 FY2019 | Mar 31, 2019 | 11.0% | −3.0 |
| Q4 FY2018 | Dec 31, 2018 | 3.2% | −32.9 |
| Q3 FY2018 | Sep 30, 2018 | 10.3% | +1.4 |
| Q2 FY2018 | Jun 30, 2018 | 30.7% | +20.0 |
| Q1 FY2018 | Mar 31, 2018 | 13.9% | +6.5 |
| Q4 FY2017 | Dec 31, 2017 | 36.1% | +21.3 |
| Q3 FY2017 | Sep 30, 2017 | 8.9% | – |
| Q2 FY2017 | Jun 30, 2017 | 10.7% | – |
| Q1 FY2017 | Mar 31, 2017 | 7.5% | – |
| Q4 FY2016 | Dec 31, 2016 | 14.8% | – |
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