Braemar Hotels & Resorts Inc. Common Stock (BHR)

FairStock Score: 37/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the business: Braemar owns luxury hotels and resorts, an asset-heavy sector where real estate and cash flow matter more than accounting earnings. It targets properties with revenue per available room at least twice the U.S. national average. The record is not that of a wide-moat compounder. In fiscal 2025, the year ended 2025-12-31, revenue was $704.0 million and net loss was $22.3 million, or diluted EPS of $-1.07. In fiscal 2024, the year ended 2024-12-31, revenue was $728.4 million and net loss was $1.7 million; in fiscal 2023, the year ended 2023-12-31, revenue was $739.3 million and net loss was $27.0 million. Revenue has softened, and FairStock reports revenue growth of -4.50%. Recent quarters are better: in fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $209.0 million and net income was $17.7 million; in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $171.0 million and net income was $7.0 million, though diluted EPS was $-0.01. Because this is a REIT, FFO/AFFO are the right measures, and they are not in the data; depreciation also distorts EPS and P/E, so I lean on dividend yield, leverage, revenue trend and price-to-book. At the 2026-10-13 close of $1.25, FairStock calculations show P/B of 0.58, a dividend yield of 11.17%, debt-to-equity of 1.67, P/E of -1.71, Altman Z-Score of -0.22, EV/EBITDA of 4.15, Piotroski F-Score of 5/9 and FCF yield of 52.9%. FairStock calls it TURNAROUND, based on a loss in the latest year after earlier profits. The price is cheap against book value, but the debt, losses and missing REIT cash-flow metrics keep me cautious. This looks like a speculation on asset value and recovery, not a clear bargain.

In plain English: Braemar owns upscale hotels and resorts, mainly in U.S. luxury markets and the Caribbean. The business has lost money in recent full years and uses a lot of debt, though two recent quarters were profitable. At $1.25, the shares look cheap compared with the accounting value of its properties and offer a high dividend, but the weak profits and debt make it a risky, uncertain situation rather than a clearly strong one.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer