Braemar hotels & resorts announces preliminary first quarter 2021 results

Dallas, april 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 first quarter ended march 31, 2021. the company reported today a preliminary estimated range of net loss attributable to common stockholders of approximately $(11.7) million to $(10.7) million or $(0.29) to $(0.27) per share, a preliminary estimated range of adjusted ebitdare of $16.1 million to $17.1 million, and a preliminary estimated range of adjusted ffo available to common stockholders, op unitholders and series b cumulative convertible preferred stockholders on an "as converted" basis of $9.7 million to $10.7 million for the first quarter ended march 31, 2021.
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