Braemar Hotels & Resorts Q3 Adjusted FFO Per Share $(0.08) Down From $0.16 YoY, Sales $159.80M Miss $169.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Braemar Hotels & Resorts (NYSE:BHR) reported a Q3 adjusted FFO per share of $(0.08), a 150% decrease YoY. The company's quarterly sales were $159.80M, missing the analyst consensus estimate of $169.99M by 5.99%.
November 08, 2023 | 9:54 pm
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Braemar Hotels & Resorts reported a significant decrease in Q3 adjusted FFO per share and missed sales estimates, which could negatively impact the stock.
Braemar Hotels & Resorts reported a significant decrease in Q3 adjusted FFO per share and missed sales estimates. This underperformance could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100