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8-K ·Filed Oct 13, 2026

BHR

Braemar Hotels & Resorts Inc.
NEUTRAL
Impact 3/10
Horizonweeks Processed14d 14h ago SEC0001574085-26-000153
8-K context-dependent: Items 7.01
Actionable Insight • Neutral

No earnings surprise or guidance revision — this is a mid-quarter portfolio update. Monitor the Q3 2026 earnings release for GAAP reconciliation and year-over-year trends to assess fundamental trajectory.

DirectionNeutral
Confidencemedium
Horizonweeks
Latest settled — T+5d
BHR ▲ +10.40% at T+5d
NEUTRAL call +10.40% · α vs SPY +11.55% · entry $1.25 → $1.38
Next anchor: T+20d in 13d
Latest observation: T+8 +9.76% FF3 residual α
Entry = T+0 close
Oct 13, 2026
via day close
T+1d
+4.80%
call +4.80% · α +5.88%
$1.31
settled 14d ago
T+5d
+10.40%
call +10.40% · α +11.55%
$1.38
settled 8d ago
T+20d
Pending
in 13d
T+60d
Pending
in 2mo

Price Chart

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Executive Summary

Braemar Hotels & Resorts released preliminary unaudited TTM financial results for its continuing portfolio through August 31, 2026, disclosing total revenue of $385.2M and Hotel EBITDA of $90.4M (23.5% margin). The filing is a routine Regulation FD disclosure without prior-period comparisons or guidance, providing a snapshot of property-level performance but no directional earnings surprise.

Key Facts

  • TTM ended August 31, 2026: total revenue $385.2M, Hotel EBITDA $90.4M, weighted average Hotel EBITDA Margin 23.5%
  • Weighted average RevPAR $334 across 7 properties
  • Ritz-Carlton Reserve Dorado Beach had highest RevPAR at $1,747 and Hotel EBITDA of $28.1M (27.7% margin)
  • Cameo Beverly Hills posted negative Hotel EBITDA margin of -34.4% on $11.4M revenue due to recent renovation
  • Results are preliminary, unaudited, and subject to revision; no GAAP reconciliation provided for TTM ended August 31, 2026
  • No prior-period comparative data or forward guidance included in the filing

Financial Impact

Preliminary TTM revenue $385.2M and Hotel EBITDA $90.4M — no comparison to prior periods available

revenuehotel EBITDAhotel EBITDA marginrevPAR

Risk Factors

  • Preliminary figures subject to material revision upon completion of quarterly closing procedures
  • Cameo Beverly Hills property still in post-renovation ramp with negative EBITDA margin
  • No reconciliation to GAAP net income provided for the TTM period

Investment Themes

Real Estate

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001574085-26-000153
Document: 0001574085-26-000153-index-headers.html0001574085-26-000153
Document: 0001574085-26-000153-index.html0001574085-26-000153
Document: 0001574085-26-000153.txt0001574085-26-000153
28 reports for BHR
Performance horizon
60% Hit rate @ T+20 3 of 5 directional calls Went positive at some point 3 of 5 best @ T+5▲ +7.50%Jul 16, 2026
Filters
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Reports for BHR — sortable, filterable
TypeNow
Oct 27, 2026
today
Institutional Cluster
NEUTRAL ★ 3/10
$1.40awaiting T+20—$1.39 (−0.71%)
Oct 26, 2026
1d ago
8-K / DEFA14A
NEUTRAL ★ 4/10
$1.39awaiting T+20—$1.39 (−0.00%)
Oct 16, 2026
11d ago
Press Release
NEUTRAL ★ 2/10
$1.40awaiting T+20—$1.39 (−0.71%)
Oct 16, 2026
11d ago
8-K
NEUTRAL ★ 3/10
$1.40awaiting T+20—$1.39 (−0.71%)
Oct 14, 2026
13d ago
PREC14A
MIXED ★ 6/10
$1.31awaiting T+20—$1.39 (+6.11%)
Oct 13, 2026
14d ago
8-K
NEUTRAL ★ 3/10
$1.25awaiting T+20—$1.39 (+11.20%)
Oct 8, 2026
19d ago
SC 13D/A
NEUTRAL ★ 5/10
$1.21awaiting T+20—$1.39 (+14.88%)
Oct 8, 2026
19d ago
8-K
MIXED ★ 6/10
$1.21awaiting T+20—$1.39 (+14.88%)
Oct 8, 2026
19d ago
DEFA14A
MIXED ★ 6/10
$1.21awaiting T+20—$1.39 (+14.88%)
Oct 8, 2026
19d ago
8-K
NEUTRAL ★ 5/10
$1.21awaiting T+20—$1.39 (+14.88%)
Showing 10 of 28

US Market Status

Market Closed — Opens Thu (12h 53m)

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Report published Oct 13, 2026