Braemar Hotels Posts Q4 FFO Loss of $0.02, Revenue Tops Estimates by 12.5%
Braemar Hotels reported an adjusted FFO loss of $0.02 per share in Q4, beating the $0.05 expected loss and improving from a $0.06 loss a year earlier. Q4 revenue was $165.56 million, 12.5% above estimates, and the stock is up about 8% YTD versus the S&P 500’s 1.5% gain.
1. Q4 Financial Results
Braemar Hotels & Resorts delivered an adjusted FFO loss of $0.02 per share for the quarter ended December 2025, surpassing the consensus loss estimate of $0.05 and improving from a $0.06 loss in the same period a year ago. The FFO surprise registered at +60%, marking a significant sequential improvement.
2. Revenue Performance
Total revenue for Q4 reached $165.56 million, exceeding the consensus forecast by 12.5% but remaining below the prior year’s $173.34 million. This marks the third time in four quarters that the company has beaten revenue estimates.
3. Stock Performance and Outlook
Shares have gained roughly 8% year to date, outperforming the S&P 500’s 1.5% rise. Consensus FFO for the upcoming quarter stands at $0.30 per share on $189.3 million in revenue, with full-year FFO projected at $0.17 on $631.7 million. The company’s industry ranks in the bottom 38% of peers.