Braemar hotels & resorts announces preliminary first quarter 2022 results

Dallas , april 25, 2022 /prnewswire/ -- braemar hotels & resorts inc. (nyse: bhr) (the "company" or "braemar"), announced today its preliminary expectations for net income attributable to common stockholders, adjusted ebitdare, and adjusted ffo for the first quarter ended march 31, 2022. the company reported today a preliminary estimated range of net income attributable to common stockholders of approximately $10.6 million to $12.0 million, a preliminary estimated range of adjusted ebitdare of $48.5 million to $49.9 million, and a preliminary estimated range of adjusted ffo available to common stockholders, op unitholders, series b cumulative convertible preferred stockholders and convertible note holders on an "as converted" basis of $36.4 million to $37.8 million for the first quarter ended march 31, 2022.
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