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Braemar Hotels & Resorts BHR Q2 2026 earnings

Reported August 5, 2026 · After market close

Revenue$171.0MBeat by $4.8M
EPS-$0.13Beat by $0.31
Revenue estimate$166.2M
EPS estimate-$0.44
“I'm extremely pleased with our record-breaking second quarter performance, highlighted by comparable RevPAR growth of approximately 12.3%, comparable Hotel EBITDA growth of 14.2% and 93 basis points of margin expansion to 28.6%. This Hotel EBITDA growth is particularly notable given the challenging snow year at our Ritz-Carlton Lake Tahoe property. The remainder of our luxury portfolio delivered exceptional property-level performance during the quarter, led by comparable RevPAR growth of 38.4% at Cameo Beverly Hills, 28.4% at The Ritz-Carlton Reserve Dorado Beach, and 20.6% at The Ritz-Carlton, St. Thomas. Our top-line growth this quarter was driven primarily by rate, as comparable ADR increased 13.1% while occupancy remained essentially flat, reflecting the pricing power of our luxury portfolio in supply-constrained U.S. and Caribbean markets.”
Richard J. Stockton

Next report

Nov 4, 2026 (In 2 days)
Revenue estimate$103.6M
EPS estimate-$0.71

Financials

Q2 2026

Income statement

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Revenue$171.0M-4.5%
Gross profit$53.8M-0.4%
Operating income$30.6M+71.1%
Net income$7.0M+229%
EPS (diluted)-$0.01+95.8%

Balance sheet

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Cash & equivalents$146.5M+7.9%
Total debt$746.3M-39.4%
Total equity$147.0M-34.7%
Total assets$1.7B-19.6%

Cash flow

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Operating cash flow$20.9M-9.2%
CapEx$5.8M-67.5%
Free cash flow$15.2M+184%

Valuation & ratios

Valuation

as of 10/30/26
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Market cap$90.66M-47.3%
Enterprise value$690.49M-42.1%
P/S0.1×-0.1×

Profitability

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Gross margin30.6%+0.1pp
Net margin-0.5%-0.6pp
FCF margin-2.5%-0.2pp

Returns & leverage

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Return on equity-1.7%-1.9pp
Debt / equity5.1×-0.4×

Segments

By product

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Rooms$102.2M-7.0%
Food and beverage$45.3M-0.5%
Other$23.5M-0.7%

FAQ

When did Braemar Hotels & Resorts report Q2 2026 earnings?
Braemar Hotels & Resorts (BHR) reported Q2 2026 earnings on August 5, 2026 after market close.
What were Braemar Hotels & Resorts's Q2 2026 revenue and EPS?
Braemar Hotels & Resorts reported revenue of $171.0M and eps of $-0.13 for Q2 2026.
Did Braemar Hotels & Resorts beat estimates in Q2 2026?
Revenue beat the consensus estimate of $166.2M by $4.8M. EPS beat the consensus estimate of $-0.44 by $0.31.
How did Braemar Hotels & Resorts's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 4.5% from $179.1M a year earlier.
Where can I find Braemar Hotels & Resorts's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001574085-26-000123) and the 10-Q periodic report (0001574085-26-000130) directly on SEC EDGAR. The filing index links above go to sec.gov.