Braemar Hotels Q1 RevPAR rises 5.7%, Hotel EBITDA up 13.7%

Braemar Hotels & Resorts

06/05/2026 21:58

Overview

U.S. luxury hotel REIT's Q1 comparable RevPAR rose 5.7% yr/yr, Hotel EBITDA up 13.7%

Net income for Q1 was $4.9 mln

Company redeemed $17 mln of non-traded preferred stock in cash during the quarter

Outlook

Company says Board has not declared a 2026 common dividend policy due to ongoing sale process

Company says occupancies appear stabilized and rate growth continues amid muted supply in US and Caribbean

Company expects to provide further updates on strategic alternatives process in the near future

Result Drivers

RATE GROWTH - Co said significant rate growth amid stable occupancy and muted supply drove Q1 results

PROPERTY PERFORMANCE - Bardessono Hotel and Spa and The Ritz-Carlton, St. Thomas delivered strong RevPAR and EBITDA growth

MARGIN EXPANSION - Co reported 259 basis points of margin expansion to 35.7% and 84% flow-through of revenue to EBITDA

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$4.90 mln
Q1 Adjusted Hotel EBITDA
$66.50 mln
Q1 Adjusted RevPAR
$771
Q1 Capex
$12.10 mln
Q1 RevPAR
$481


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for Braemar Hotels & Resorts Inc is $4.00, about 61.9% above its May 5 closing price of $2.47

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)