Braemar hotels & resorts announces preliminary second quarter 2021 results

Dallas, july 22, 2021 /prnewswire/ -- braemar hotels & resorts inc. (nyse: bhr) (the "company" or "braemar"), announced today its preliminary expectations for net loss attributable to common stockholders, adjusted ebitdare, and adjusted ffo for the second quarter ended june 30, 2021. the company reported today a preliminary estimated range of net loss attributable to common stockholders of approximately $(16.3) million to $(14.9) million or $(0.34) to $(0.31) per share, a preliminary estimated range of adjusted ebitdare of $18.9 million to $20.3 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 $12.3 million to $13.7 million for the second quarter ended june 30, 2021.
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