Braemar Hotel & Resorts Inc
We are a Maryland corporation formed in April 2013 that invests primarily in high revenue per available room ("RevPAR"), luxury hotels and resorts. High RevPAR, for purposes of our investment strategy, means RevPAR of at least twice the then-current U.S. national average RevPAR for all hotels as determined by STR, LLC. Two times the U.S. national average was $199 for the year ended December 31, 2… Read more
Braemar Hotel & Resorts Inc (BHR) - Net Assets
Latest net assets as of September 2025: $226.93 Million USD
Based on the latest financial reports, Braemar Hotel & Resorts Inc (BHR) has net assets worth $226.93 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.01 Billion) and total liabilities ($1.78 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $226.93 Million |
| % of Total Assets | 11.29% |
| Annual Growth Rate | 8.08% |
| 5-Year Change | 82.47% |
| 10-Year Change | 58.0% |
| Growth Volatility | 28.89 |
Braemar Hotel & Resorts Inc - Net Assets Trend (2011–2024)
This chart illustrates how Braemar Hotel & Resorts Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Braemar Hotel & Resorts Inc (2011–2024)
The table below shows the annual net assets of Braemar Hotel & Resorts Inc from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $722.17 Million | -11.77% |
| 2023-12-31 | $818.53 Million | +88.46% |
| 2022-12-31 | $434.32 Million | -17.09% |
| 2021-12-31 | $523.87 Million | +32.36% |
| 2020-12-31 | $395.77 Million | -22.66% |
| 2019-12-31 | $511.74 Million | -5.77% |
| 2018-12-31 | $543.09 Million | +2.61% |
| 2017-12-31 | $529.30 Million | +23.40% |
| 2016-12-31 | $428.94 Million | -6.16% |
| 2015-12-31 | $457.07 Million | +7.80% |
| 2014-12-31 | $424.00 Million | +39.87% |
| 2013-12-31 | $303.13 Million | +20.11% |
| 2012-12-31 | $252.38 Million | -4.05% |
| 2011-12-31 | $263.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Braemar Hotel & Resorts Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 47780400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $665.00K | 0.10% |
| Other Comprehensive Income | $-684.00K | -0.10% |
| Other Components | $1.17 Billion | 168.69% |
| Total Equity | $695.57 Million | 100.00% |
Braemar Hotel & Resorts Inc Competitors by Market Cap
The table below lists competitors of Braemar Hotel & Resorts Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Codere Online US Corp
NASDAQ:CDRO
|
$124.37 Million |
|
BCB Bancorp Inc
NASDAQ:BCBP
|
$124.37 Million |
|
Westrock Coffee Company
NASDAQ:WEST
|
$124.38 Million |
|
Beijing Hengyu Datacom Aviation Equipment co. LTD
SHE:300965
|
$124.43 Million |
|
SIDETRADE EO 1
F:7QG
|
$124.34 Million |
|
Shenzhen Tongye Technology Co.Ltd.
SHE:300960
|
$124.32 Million |
|
Atrys Health SL
MC:ATRY
|
$124.28 Million |
|
Cashbuild Limited
PINK:CBLDF
|
$124.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Braemar Hotel & Resorts Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 795,065,000 to 695,573,000, a change of -99,492,000 (-12.5%).
- Net loss of 1,693,000 reduced equity.
- Dividend payments of 51,558,000 reduced retained earnings.
- Share repurchases of 369,000 reduced equity.
- Other comprehensive income decreased equity by 17,999.
- Other factors decreased equity by 45,854,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.69 Million | -0.24% |
| Dividends Paid | $51.56 Million | -7.41% |
| Share Repurchases | $369.00K | -0.05% |
| Other Comprehensive Income | $-18.00K | -0.0% |
| Other Changes | $-45.85 Million | -6.59% |
| Total Change | $- | -12.51% |
Book Value vs Market Value Analysis
This analysis compares Braemar Hotel & Resorts Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.24x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $15.44 | $2.55 | x |
| 2012-12-31 | $14.87 | $2.55 | x |
| 2013-12-31 | $9.10 | $2.55 | x |
| 2014-12-31 | $8.37 | $2.55 | x |
| 2015-12-31 | $15.49 | $2.55 | x |
| 2016-12-31 | $12.01 | $2.55 | x |
| 2017-12-31 | $14.04 | $2.55 | x |
| 2018-12-31 | $15.77 | $2.55 | x |
| 2019-12-31 | $14.75 | $2.55 | x |
| 2020-12-31 | $11.27 | $2.55 | x |
| 2021-12-31 | $9.57 | $2.55 | x |
| 2022-12-31 | $5.89 | $2.55 | x |
| 2023-12-31 | $12.05 | $2.55 | x |
| 2024-12-31 | $10.46 | $2.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Braemar Hotel & Resorts Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.23%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 3.07x
- Recent ROE (-0.24%) is above the historical average (-2.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 0.25% | 0.33% | 0.22x | 3.47x | $-24.28 Million |
| 2012 | -1.89% | -2.05% | 0.26x | 3.53x | $-28.53 Million |
| 2013 | -8.07% | -5.05% | 0.24x | 6.59x | $-26.38 Million |
| 2014 | 0.70% | 0.63% | 0.25x | 4.41x | $-25.95 Million |
| 2015 | -1.67% | -1.92% | 0.26x | 3.37x | $-46.82 Million |
| 2016 | 5.15% | 4.76% | 0.32x | 3.35x | $-18.16 Million |
| 2017 | 4.72% | 5.56% | 0.29x | 2.92x | $-25.72 Million |
| 2018 | 0.26% | 0.31% | 0.26x | 3.25x | $-49.04 Million |
| 2019 | 0.08% | 0.08% | 0.28x | 3.69x | $-47.25 Million |
| 2020 | -27.47% | -46.38% | 0.14x | 4.37x | $-143.58 Million |
| 2021 | -5.29% | -6.24% | 0.23x | 3.73x | $-77.10 Million |
| 2022 | 4.33% | 2.65% | 0.28x | 5.85x | $-23.25 Million |
| 2023 | -3.40% | -3.65% | 0.33x | 2.80x | $-106.52 Million |
| 2024 | -0.24% | -0.23% | 0.34x | 3.07x | $-71.25 Million |
Industry Comparison
This section compares Braemar Hotel & Resorts Inc's net assets metrics with peer companies in the REIT - Hotel & Motel industry.
Industry Context
- Industry: REIT - Hotel & Motel
- Average net assets among peers: $13,216,522,885
- Average return on equity (ROE) among peers: 0.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Braemar Hotel & Resorts Inc (BHR) | $226.93 Million | 0.25% | 7.85x | $124.35 Million |
| American Hotel Income Properties REIT LP (AHOTF) | $-20.02 Million | 0.00% | 0.00x | $23.61 Million |
| Ashford Hospitality Trust Inc (AHT) | $533.85 Million | -23.78% | 7.78x | $19.35 Million |
| Apple Hospitality REIT Inc (APLE) | $3.41 Billion | 6.05% | 0.45x | $2.60 Billion |
| Chatham Lodging Trust REIT (CLDT) | $775.02 Million | 2.41% | 0.86x | $340.42 Million |
| Diamondrock Hospitality Company Common Stock (DRH) | $1.60 Billion | 6.85% | 1.01x | $1.89 Billion |
| HOSHF (HOSHF) | $105.59 Billion | 5.50% | 0.69x | $288.34 Million |
| Host Hotels & Resorts Inc (HST) | $6.43 Billion | -11.38% | 1.00x | $12.06 Billion |
| InnSuites Hospitality Trust (IHT) | $8.12 Million | 17.21% | 1.84x | $2.91 Million |
| Summit Hotel Properties Inc (INN) | $621.35 Million | 0.40% | 0.60x | $353.73 Million |