Braemar Hotels & Resorts (BHR) Operating Expenses (2013 - 2026)
Braemar Hotels & Resorts (BHR) reported Operating Expenses of $169.4 million for Q1 2026, down 5.43% on a YoY basis from $179.1 million in Q1 2025, and down 22.83% sequentially from $219.5 million in Q4 2025.
Braemar Hotels & Resorts (BHR) Operating Expenses (2013 - 2026) Analysis & Trends
Braemar Hotels & Resorts (BHR) has 14 years of Operating Expenses data on file, last reported at $169.4 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 5.43% year-over-year to $169.4 million; the trailing twelve-month figure through Mar 2026 stood at $704.7 million (up 2.09% YoY), and the FY2025 full-year result was $714.4 million, up 3.87% from the prior year.
- Operating Expenses fell to $169.4 million in Q1 2026, from $219.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $219.5 million in Q4 2025 to a low of $135.4 million in Q1 2022.
- A 5-year average of $167.7 million and a median of $169.3 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 53.8% in 2022 and fell 8.11% in 2025, its largest moves.
- Tracing BHR's Operating Expenses over 5 years: stood at $159.6 million in 2022, then climbed by 7.61% to $171.7 million in 2023, then declined by 1.27% to $169.5 million in 2024, then climbed by 29.47% to $219.5 million in 2025, then decreased by 22.83% to $169.4 million in 2026.
- Business Quant data shows BHR's Operating Expenses at $169.4 million in Q1 2026, $219.5 million in Q4 2025, and $154.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryman Hospitality Properties | 8.12 Bn | 7.74 Bn | 290.28 Mn | 526.78 Mn |
| 2 | Apple Hospitality REIT | 3.92 Bn | 3.91 Bn | 130.80 Mn | 289.73 Mn |
| 3 | Park Hotels & Resorts | 2.91 Bn | 2.69 Bn | 516.00 Mn | 559.00 Mn |
| 4 | DiamondRock Hospitality | 2.59 Bn | 2.56 Bn | 215.84 Mn | 229.54 Mn |
| 5 | Sunstone Hotel Investors | 2.19 Bn | 2.03 Bn | 259.54 Mn | 231.29 Mn |
| 6 | Pebblebrook Hotel Trust | 2.15 Bn | 2.05 Bn | 113.57 Mn | 337.61 Mn |
| 7 | Xenia Hotels & Resorts | 1.94 Bn | 1.91 Bn | 99.84 Mn | 253.79 Mn |
| 8 | RLJ Lodging Trust | 1.80 Bn | 1.78 Bn | - | 312.17 Mn |
| 9 | Service Properties Trust | 1.42 Bn | 1.40 Bn | 21.93 Mn | 365.33 Mn |
| 10 | Braemar Hotels & Resorts | 147.13 Mn | 55.82 Mn | 79.12 Mn | 169.36 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 100.10 Mn |