# BRAEMAR HOTELS & RESORTS INC. (BHR) · Edgar & Edgarette company card

> Braemar Hotels & Resorts (BHR) saw revenue fall 3.3% in FY2025 to $704 million, operating margin 10.3% against a 24.7% median for real estate investment trusts, equity 7.4% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1574085 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/BHR) · [JSON](https://www.pops4.com/boards/company/BHR.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $704M |
| Revenue growth, 1 year | -3.3% |
| Revenue growth per year | 13.3% |
| Operating margin | 10.3% (prior year 17.7%) |
| Net margin | -4.0% |
| Operating cash flow | $41M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $124M |
| Long-term debt | $1.1B |
| Total assets | $1.9B |
| Total equity | $139M |
| Equity ÷ assets | 7.4% |
| Return on equity | -20.5% |
| Dividend per share | $0.2 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Piotroski F: 3 of 9 (middling)
- Health Harbor boat: Weathered boat · two warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; revenue is hard to predict: its 80% range is ±28%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $704.0M (FY2025), total debt $1.1B. Experience: revenue down 3.3% on the year, up 13.3% a year over 4 years; operating margin 10.3%, down from 17.7%. Soundness: equity 7.4% of assets, return on equity -20.5%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $515.9M and $912.5M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $446.6M to $1.1B. A statistical range, not company guidance. Against peers (79 filers, $50M+ revenue, real estate investment trusts): operating margin 10.3% against a 24.7% median; growth -3.3% against 3.7%.

Range logged 2026-09-29, receipt b677028d508b7a3b, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 4, latest 2026-05-28 ([filing](https://www.sec.gov/Archives/edgar/data/1574085/000110465926067124/0001104659-26-067124-index.htm))

## Recent filings

- 8-K · filed 2026-11-03 · 2.01 Completion of Acquisition or Disposition of Assets; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1574085/000157408526000162/0001574085-26-000162-index.htm)
- 8-K · filed 2026-11-03 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1574085/000110465926121636/0001104659-26-121636-index.htm)
- 8-K · filed 2026-10-26 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1574085/000110465926118592/0001104659-26-118592-index.htm)
- 8-K · filed 2026-10-16 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1574085/000157408526000157/0001574085-26-000157-index.htm)
- 8-K · filed 2026-10-13 · 7.01 Regulation FD Disclosure · [filing](https://www.sec.gov/Archives/edgar/data/1574085/000157408526000153/0001574085-26-000153-index.htm)
- 8-K · filed 2026-10-08 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1574085/000157408526000151/0001574085-26-000151-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001574085.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1574085

## Cite

POPS4, Edgar & Edgarette: BRAEMAR HOTELS & RESORTS INC. (BHR) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/BHR. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.