Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when BHR files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsBraemar Hotels reports Q2 2026 RevPAR up 12.3%, AFFO per share up 44% to five-year high
Filed August 5, 2026 · Period ending August 5, 2026 · ~1 min read
Key Changes
-
high
Q2 2026 RevPAR rose 12.3% year-over-year to $396, driven by 13.1% ADR growth to $545 while occupancy held flat at 72.6%. Hotel EBITDA increased 14.2% to $48.4M with margin expanding 100 basis points to 28.6%.
Exhibit 99.1 view on EDGAR → -
high
Adjusted FFO reached $0.13 per diluted share, up 44% from prior year and the highest quarterly AFFO per share in five years for the company.
Exhibit 99.1 view on EDGAR → -
high
Resort properties outperformed urban hotels with RevPAR up 13.4% versus 10.2% for urban. Ritz-Carlton Sarasota and Ritz-Carlton Reserve Dorado Beach led EBITDA contribution.
Exhibit 99.1 view on EDGAR → -
medium
Redeemed approximately $16.3M of non-traded preferred stock for cash during the quarter, reducing preferred equity outstanding.
Exhibit 99.1 view on EDGAR → -
medium
Net debt to gross assets stood at 43.5% as of June 30, 2026, with $5.8M in capital expenditures during the quarter.
Exhibit 99.1 view on EDGAR →
Summary
Braemar Hotels disclosed strong Q2 2026 operating results in an investor presentation released August 5, 2026. The lodging REIT posted 12.3% RevPAR growth driven by pricing power (ADR up 13.1%) while maintaining occupancy, translating to 14.2% Hotel EBITDA growth and 100-basis-point margin expansion to 28.6%. Adjusted funds from operations per share reached $0.13, up 44% year-over-year and the company's highest quarterly AFFO per share in five years.
The results show Braemar's resort properties outperforming its urban portfolio, with resort RevPAR up 13.4% versus 10.2% for urban hotels. Ritz-Carlton Sarasota and Ritz-Carlton Reserve Dorado Beach led EBITDA contribution, while Cameo Beverly Hills posted the strongest year-over-year improvement with EBITDA up 177.6%. The company redeemed $16.3M of non-traded preferred stock during the quarter and maintained net debt to gross assets at 43.5%, with a manageable maturity profile showing $2.0M due in 2026 and $109.4M in 2027.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Braemar Hotels released an investor presentation on August 5, 2026.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On August 5, 2026, Braemar Hotels & Resorts Inc. released an investor presentation.
The company released an investor presentation on August 5, 2026, attached as Exhibit 99.1.This is a routine disclosure under Regulation FD to ensure material information is publicly available.
Event · Exhibit 99.1
Braemar Hotels disclosed Q2 2026 earnings with 12.3% RevPAR growth, 14.2% Hotel EBITDA increase, and redemption of $16.3M preferred stock.
Added in current filing · view on EDGAR →
2026 Q2 2025 Q2 % Variance 2025 ADR $545 $482 13.1% Occupancy 72.6% 73.1% (0.7%) RevPAR $396 $352 12.3% Total Hotel Revenue(3) (4) $169,410 $153,375 10.5% Hotel EBITDA(4) $48,407 $42,394 14.2% Hotel EBITDA Margin 28.6% 27.6% 1.0% GAAP Net Income (Loss) (5) $20,083 $16,714 20.2%
Braemar reported Q2 2026 comparable hotel results showing revenue per available room (RevPAR) up 12.3% year-over-year to $396, driven by a 13.1% increase in average daily rate (ADR) to $545 while occupancy held nearly flat at 72.6%. Hotel EBITDA rose 14.2% to $48.4 million with margin expanding 100 basis points to 28.6%. GAAP net income increased 20.2% to $20.1 million.
Added in current filing · view on EDGAR →
Net debt to gross assets was 43.5% at the end of the second quarter. ... Capex invested during the quarter was $5.8 million.
The company reported net debt to gross assets of 43.5% as of June 30, 2026, and invested $5.8 million in capital expenditures during the quarter. The presentation shows a manageable debt maturity profile with $2.0 million due in 2026 and $109.4 million in 2027.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Aug 6, 2026 · How we verify