Braemar Hotels & Resorts (BHR) Operating Expenses (2013 - 2026)
Braemar Hotels & Resorts (BHR) reported Operating Expenses of $157.81 million for Q2 2026, down 2.1% from $161.18 million a year earlier and down 6.8% from the prior quarter.
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Analysis
Braemar Hotels & Resorts (BHR) Operating Expenses (2013 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Braemar Hotels & Resorts' Operating Expenses came in at $701.36 million, up 3.7% year-over-year; for FY2025, it was $714.45 million, up 3.9% from FY2024.
- Operating Expenses has increased for five consecutive years, with a five-year compound annual growth rate of 17.6% (FY2020 to FY2025).
- By year, Operating Expenses came in at $687.82 million in FY2024 (+1.5%), $677.67 million in FY2023 (+12.7%), $601.19 million in FY2022 (+40.9%) and $426.79 million in FY2021 (+34.6%).
- Five-year quarterly Operating Expenses spans a low of $115.13 million in Q3 2021 and a high of $219.47 million in Q4 2025.
- Year over year, Operating Expenses gained in three of the last eight quarters, with growth averaging 1.4%.
- The high point for year-over-year Operating Expenses in five years was Q4 2021 (growth of 66.3%); the low point was Q2 2025 (a decline of 8.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $169.36 million (Q1 2026), $219.47 million (Q4 2025) and $154.72 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 167.90 Bn | 150.42 Bn | 1.39 Bn | 3.22 Bn |
| 2 | Prologis | 123.74 Bn | 128.13 Bn | - | 1.47 Bn |
| 3 | Simon Property | 66.68 Bn | 67.94 Bn | - | 900.79 Mn |
| 4 | Realty Income | 52.20 Bn | 54.59 Bn | - | 1.19 Bn |
| 5 | Public Storage | 50.15 Bn | 49.24 Bn | - | 766.20 Mn |
| 6 | Ventas | 44.59 Bn | 43.78 Bn | - | 1.68 Bn |
| 7 | Extra Space Storage | 28.21 Bn | 28.21 Bn | 642.43 Mn | 481.97 Mn |
| 8 | Vici Properties | 25.53 Bn | 23.65 Bn | 1.05 Bn | 315.61 Mn |
| 9 | Vivmark Residential | 23.00 Bn | 23.19 Bn | - | 566.18 Mn |
| 10 | Braemar Hotels & Resorts | 114.69 Mn | -297.99 Mn | 53.85 Mn | 157.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 157.81 Mn |
| Mar 31, 2026 | 169.36 Mn |
| Dec 31, 2025 | 219.47 Mn |
| Sep 30, 2025 | 154.72 Mn |
| Jun 30, 2025 | 161.18 Mn |
| Mar 31, 2025 | 179.08 Mn |
| Dec 31, 2024 | 169.52 Mn |
| Sep 30, 2024 | 166.28 Mn |
| Jun 30, 2024 | 175.41 Mn |
| Mar 31, 2024 | 176.61 Mn |
| Dec 31, 2023 | 171.70 Mn |
| Sep 30, 2023 | 159.15 Mn |
| Jun 30, 2023 | 169.32 Mn |
| Mar 31, 2023 | 177.50 Mn |
| Dec 31, 2022 | 159.55 Mn |
| Sep 30, 2022 | 158.08 Mn |
| Jun 30, 2022 | 148.13 Mn |
| Mar 31, 2022 | 135.43 Mn |
| Dec 31, 2021 | 123.51 Mn |
| Sep 30, 2021 | 115.13 Mn |
API Access
Braemar Hotels & Resorts Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=BHR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "BHR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=BHR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();