Braemar Hotel & Resorts Inc (BHR) - Net Assets

Latest as of March 2026: $502.93 Million USD

Based on the latest financial reports, Braemar Hotel & Resorts Inc (BHR) has net assets worth $502.93 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.85 Billion) and total liabilities ($1.35 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. Check BHR cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	$502.93 Million
% of Total Assets	27.19%
Annual Growth Rate	5.06%
5-Year Change	0.24%
10-Year Change	22.42%
Growth Volatility	29.56

Braemar Hotel & Resorts Inc - Net Assets Trend (2011–2025)

This chart illustrates how Braemar Hotel & Resorts Inc's net assets have evolved over time, based on quarterly financial data. Also explore BHR total assets for the complete picture of this company's asset base.

Annual Net Assets for Braemar Hotel & Resorts Inc (2011–2025)

The table below shows the annual net assets of Braemar Hotel & Resorts Inc from 2011 to 2025. For live valuation and market cap data, see Braemar Hotel & Resorts Inc (BHR) total market value.

Year	Net Assets	Change
2025-12-31	$525.12 Million	-27.29%
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 56850300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	$682.00K	0.14%
Other Components	$1.07 Billion	212.66%
Total Equity	$504.02 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
SAI SILKS (KALAMANDIR) LIMITED NSE:KALAMANDIR	$173.17 Million
Premia S.A. AT:PREMIA	$173.31 Million
Graphite One Inc V:GPH	$173.39 Million
Smec Co.Ltd KQ:099440	$173.43 Million
LBS Bina Group Bhd KLSE:5789	$173.03 Million
Kangda International Environmental Company Limited STU:27K	$173.03 Million
Cango Inc NYSE:CANG	$173.02 Million
Suheung Capsul KO:008490	$172.93 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 2024 to 2025, total equity changed from 695,573,000 to 504,021,000, a change of -191,552,000 (-27.5%).
Net loss of 22,318,000 reduced equity.
Dividend payments of 47,339,000 reduced retained earnings.
Share repurchases of 77,554,000 reduced equity.
Other comprehensive income increased equity by 683,999.
Other factors decreased equity by 45,024,999.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	$-22.32 Million	-4.43%
Dividends Paid	$47.34 Million	-9.39%
Share Repurchases	$77.55 Million	-15.39%
Other Comprehensive Income	$684.00K	+0.14%
Other Changes	$-45.02 Million	-8.93%
Total Change	$-	-27.54%

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: 0.34x
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.
The price-to-book ratio has increased from 0.15x to 0.34x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-12-31	$16.31	$2.52	x
2012-12-31	$14.87	$2.52	x
2013-12-31	$9.10	$2.52	x
2014-12-31	$12.72	$2.52	x
2015-12-31	$17.66	$2.52	x
2016-12-31	$13.75	$2.52	x
2017-12-31	$15.25	$2.52	x
2018-12-31	$17.00	$2.52	x
2019-12-31	$15.85	$2.52	x
2020-12-31	$11.27	$2.52	x
2021-12-31	$9.94	$2.52	x
2022-12-31	$5.89	$2.52	x
2023-12-31	$12.05	$2.52	x
2024-12-31	$10.46	$2.52	x
2025-12-31	$7.45	$2.52	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): -4.43%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -3.17%
• Asset Turnover: 0.38x
• Equity Multiplier: 3.69x
Recent ROE (-4.43%) is below the historical average (-2.52%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	0.24%	0.33%	0.22x	3.28x	$-25.68 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	0.46%	0.63%	0.25x	2.90x	$-40.46 Million
2015	-1.47%	-1.92%	0.26x	2.96x	$-52.42 Million
2016	4.50%	4.76%	0.32x	2.93x	$-23.58 Million
2017	4.35%	5.56%	0.29x	2.69x	$-29.91 Million
2018	0.24%	0.31%	0.26x	3.01x	$-52.99 Million
2019	0.07%	0.08%	0.28x	3.44x	$-50.80 Million
2020	-27.47%	-46.38%	0.14x	4.37x	$-143.58 Million
2021	-5.09%	-6.24%	0.23x	3.59x	$-79.05 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
2025	-4.43%	-3.17%	0.38x	3.69x	$-72.72 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: $1,850,162,871
Average return on equity (ROE) among peers: 2.19%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Braemar Hotel & Resorts Inc (BHR)	$502.93 Million	0.24%	2.68x	$173.07 Million
Ashford Hospitality Trust Inc (AHT)	$-211.79 Million	0.00%	0.00x	$18.78 Million
Apple Hospitality REIT Inc (APLE)	$3.15 Billion	0.60%	0.52x	$3.26 Billion
Chatham Lodging Trust REIT (CLDT)	$681.59 Million	4.62%	0.91x	$486.88 Million
Diamondrock Hospitality Company Common Stock (DRH)	$463.39 Million	-1.58%	1.08x	$2.19 Billion
Host Hotels & Resorts Inc (HST)	$6.78 Billion	10.28%	0.93x	$15.45 Billion
InnSuites Hospitality Trust (IHT)	$8.16 Million	13.71%	2.84x	$11.23 Million
Summit Hotel Properties Inc (INN)	$1.40 Billion	-0.68%	1.10x	$489.64 Million
Pebblebrook Hotel Trust (PEB)	$1.31 Billion	1.99%	0.41x	$1.67 Billion
Park Hotels & Resorts Inc (PK)	$3.08 Billion	-9.20%	1.50x	$2.22 Billion

About Braemar Hotel & Resorts Inc

NYSE:BHR USA REIT - Hotel & Motel

Market Cap

$173.07 Million

Market Cap Rank

#17236 Global

#3959 in USA

Share Price

$2.52

Change (1 day)

+1.20%

52-Week Range

$2.07 - $3.14

All Time High

$10.59