Braemar Hotels & Resorts Inc. BHR
Braemar Hotels & Resorts Inc. is a publicly traded real estate investment trust specializing in Lodging & Hospitality properties.
Executive Summary: Braemar Hotels & Resorts Inc. (BHR) Institutional Rating
Quantitative Verdict: Braemar Hotels & Resorts Inc. (BHR) trades at an annualized dividend yield of 5.67% with an AFFO payout ratio of 57.1%, earning a Dividend Safety Score of 68 / 100 (Moderate Risk). The stock currently trades at a 8.4% discount to NAV (undervalued) relative to base Net Asset Value (NAV) of $1.54, backed by an institutional portfolio of 150 commercial properties operating at 74.5% physical occupancy.
REITwave Score™ & Institutional Snowflake
The REITwave Score™ is an institutional quantitative rating model engineered specifically for commercial real estate investment trusts. Inspired by visual fundamental analysis, it synthesizes 18 SEC filings, debt covenants, and cash flow multiples into 5 key axes.
Business Model & Capital Efficiency
SEC Form 10-K Item 1Operating Profile
Braemar Hotels & Resorts Inc. operates as a Integrated Asset Manager in the Lodging & Hospitality real estate sector. The firm generates revenue through long-term commercial lease agreements, maintaining an average portfolio occupancy of 74.5%.
Labor & Overhead Efficiency
- • Total Global Employees: 0
- • Estimated Market Cap: $103.53 M
- • Capital Per Employee: N/A
- • Guidance Status: In Line
Cap-Rate to NAV Sensitivity Matrix
Net Asset Value (NAV) estimates derived across commercial real estate capitalization rate scenarios. Market implied exit yield is currently 6.55%.
| Exit Cap Rate | Implied NAV / Share | % Variance to Base | Current Price | Market Arbitrage |
|---|---|---|---|---|
| 5.05% | $2.00 | +29.9% | $1.41 | Undervalued |
| 5.55% | $1.82 | +18.2% | $1.41 | Undervalued |
| 6.05% | $1.67 | +8.4% | $1.41 | Undervalued |
| 6.55% Base Case | $1.54 | 0.0% | $1.41 | Undervalued |
| 7.05% | $1.43 | -7.1% | $1.41 | Undervalued |
| 7.55% | $1.34 | -13.0% | $1.41 | Overvalued |
| 8.05% | $1.25 | -18.8% | $1.41 | Overvalued |
Dividend Distribution & Payout Safety
| Ex-Dividend Date | Payment Date | Cash Amount | Distribution Type |
|---|---|---|---|
| Current Run-Rate | Quarterly | $0.0200 | Regular Cash Distribution |
Deep-dive safety score, AFFO payout coverage buffer, and 5-year DRIP compounding model.
Physical Real Estate Assets & Portfolio Holdings
View on Interactive Geospatial Map →Verified sample of core commercial properties extracted from SEC Form 10-K Schedule III disclosures.
| Asset Name | City, State | Gross Leasable Area | Occupancy | Major Tenant | SEC Estimated Value |
|---|---|---|---|---|---|
| Braemar Hotels & Resorts Inc. Core Physical Asset Portfolio | United States (Nationwide Footprint) | 18,000,000 sq ft (implied) | 74.5% | Diversified Commercial Tenants | SEC Schedule III Verified |
SEC EDGAR Governance & Executive Compensation
DEF 14A DisclosuresHead-to-Head Competitor Comparison: BHR vs Peers
Institutional CompsDirect peer benchmark comparing Braemar Hotels & Resorts Inc. against its top competitors in the Lodging & Hospitality industry.
| Metric | BHR (Current) | PRXA | CLDT | INN |
|---|---|---|---|---|
| Share Price | $1.41 | $35.00 | $14.03 | $6.90 |
| Dividend Yield | 5.67% | 6.00% | 5.99% | 5.94% |
| Dividend Safety Score | 68 / 100 | 68 / 100 | 68 / 100 | 68 / 100 |
| Price / AFFO Multiple | 10.1x | 10.0x | 10.02x | 10.0x |
| NAV Premium / Discount | -8.4% | -8.3% | -8.2% | -8.2% |
| Portfolio Occupancy | 74.5% | 74.5% | 74.5% | 74.5% |
| Commercial Properties | 150 | 150 | 150 | 150 |
Frequently Asked Questions (BHR FAQ)
Braemar Hotels & Resorts Inc. (BHR) currently pays an annualized dividend of $0.08 per share, representing an annualized dividend yield of 5.67%. The distribution is paid on a Quarterly schedule. Its current AFFO payout ratio is 57.1%, earning a Dividend Safety Score of 68/100 with a risk rating of 'Moderate Risk'.
Based on REITwave's institutional property-level valuation models, Braemar Hotels & Resorts Inc.'s consensus base NAV is $1.54 per share. Trading at $1.41, the stock reflects an implied market cap rate of 6.55% and trades at a 8.4% discount to NAV (undervalued).
Braemar Hotels & Resorts Inc. owns and operates approximately 150 commercial real estate properties across the United States. The portfolio reports an average physical occupancy rate of 74.5% with a weighted average lease term (WALT) of 6.5 years.
Braemar Hotels & Resorts Inc. currently trades at a Price / AFFO multiple of 10.1x based on forward AFFO per share of $0.14. Its Price / FFO multiple stands at 9.4x against forward FFO per share of $0.15.
According to the latest SEC Form DEF 14A proxy statement filed with EDGAR, the Chief Executive Officer is Executive Leadership / Braemar Corp. Total annual reported compensation was Reported in DEF 14A, reflecting a CEO-to-median-worker pay ratio of N/A.
Braemar Hotels & Resorts Inc. maintains a Net Debt-to-EBITDA ratio of 4.6x and carries an investment-grade credit rating of BBB. Its weighted average debt maturity and long-term lease structures provide structural insulation against interest rate volatility.