Braemar Hotels & Resorts Q1 2024 AFFO Per Share $0.42 Beats $0.33 Estimate, Sales $219.079M Beat $210.685M Estimate
Portfolio Pulse from Benzinga Newsdesk
Braemar Hotels & Resorts (BHR) reported Q1 2024 AFFO per share of $0.42, surpassing the $0.33 estimate, with sales of $219.079M exceeding the $210.685M forecast, marking a 1.75% increase from the previous year.
May 08, 2024 | 8:37 pm
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Braemar Hotels & Resorts reported a strong Q1 2024 with AFFO per share and sales both exceeding analyst estimates, indicating robust financial health.
The significant beat on both AFFO per share and sales estimates for Q1 2024 suggests that Braemar Hotels & Resorts is performing better than expected, which could lead to positive investor sentiment and potentially an increase in stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100