Braemar Hotels & Resorts Q4 2023 FFO $0.040 Misses $0.070 Estimate, Sales $177.534M Beat $175.473M Estimate
Portfolio Pulse from Benzinga Newsdesk
Braemar Hotels & Resorts (NYSE:BHR) reported Q4 2023 FFO of $0.040 per share, missing the $0.070 estimate, but sales of $177.534M exceeded the $175.473M estimate, marking a 3.44% increase from the previous year.
February 29, 2024 | 10:14 pm
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NEUTRAL IMPACT
Braemar Hotels & Resorts reported a Q4 FFO miss but exceeded revenue estimates with a 3.44% year-over-year increase.
The mixed results with a miss on FFO but a beat on sales revenue and year-over-year growth suggest a neutral short-term impact on BHR's stock price. The revenue growth indicates operational strength, potentially offsetting the negative sentiment from the FFO miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100