Overview

* Braemar reports Q3 net loss of $8.2 mln, while comparable RevPAR rises 1.4% yr/yr

* Adjusted Hotel EBITDA increased 15.1% yr/yr to $21.4 mln

* Company closed sale of Marriott Seattle Waterfront for $145 mln

Outlook

* Braemar says it has no set deadline for completion of its sale process

* Braemar entered into agreement to sell The Clancy in San Francisco

Result Drivers

* REVPAR GROWTH - Comparable RevPAR increased 1.4% due to strong revenue flow-through by property managers

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net -$8.19

Income mln

Q3 $21.40

Adjusted mln

Hotel

EBITDA

Q3 $257

Adjusted

RevPAR

Q3 Capex $21.50

mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "hold"

* Wall Street's median 12-month price target for Braemar Hotels & Resorts Inc ( BHR ) is $4.00, about 36.5% above its November 3 closing price of $2.54

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)