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Braemar Hotels & Resorts BHR Three Hotel Properties — Concentration risk

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Other financials

Income statement

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Revenue$209.0M-3.2%
Gross profit$79.1M-1.2%
Operating income$39.6M+7.8%
Net income$17.7M+61.0%
EPS (diluted)$0.07+275%

Balance sheet

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Cash & equivalents$148.7M+9.2%
Total debt$1.1B-7.9%
Total equity$147.0M-38.5%
Total assets$1.8B-11.8%

Cash flow

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Operating cash flow$21.9M+44.9%
CapEx$12.1M-21.1%
Free cash flow$9.9M+6,313%

Valuation

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Market cap$156.59M-11.9%
Enterprise value$1.13B-10.9%
P/S0.2×0.0×

Profitability

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Gross margin30.2%-0.6pp
Operating margin12.4%-5.5pp
Net margin-2.2%-7.2pp
FCF margin-3.9%+8.7pp

Returns & leverage

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Return on equity-8.1%-14.1pp
Debt / equity7.7×+2.5×

Where this comes from

Reported directly by Braemar Hotels & Resorts in its filing.

Tagged under the XBRL concept us-gaap:ConcentrationRiskPercentage1.

The official record: Braemar Hotels & Resorts’s 10-K, filed March 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Braemar Hotels & Resorts's three hotel properties — concentration risk?
Braemar Hotels & Resorts (BHR) reported three hotel properties — concentration risk of 9.3% in Q4 2025.
How has Braemar Hotels & Resorts's three hotel properties — concentration risk changed year-over-year?
Braemar Hotels & Resorts's three hotel properties — concentration risk increased by 12.1% year-over-year, from 8.3% to 9.3%.
What is the long-term trend for Braemar Hotels & Resorts's three hotel properties — concentration risk?
Over 4 years (2021 to 2025), Braemar Hotels & Resorts's three hotel properties — concentration risk has grown at a -6.3% compound annual growth rate (CAGR), from 48% to 37%.
What does three hotel properties — concentration risk mean?
This metric measures the revenue or asset dependency of the Three Hotel Properties segment relative to the total portfolio. It quantifies the potential impact on financial performance if these specific properties experience localized market downturns or operational disruptions. Investors use this to assess the diversification level and the degree of exposure to idiosyncratic risks within this specific asset subset.