Braemar Hotels & Resorts (BHR) Operating Expenses (2013 - 2026)
Braemar Hotels & Resorts (BHR) posted Operating Expenses of $169.4 million for Q1 2026, down 22.83% sequentially from $219.5 million in Q4 2025, and down 5.43% YoY from $179.1 million in Q1 2025.
Braemar Hotels & Resorts (BHR) Operating Expenses (2013 - 2026) Analysis & Trends
Braemar Hotels & Resorts has reported Operating Expenses for 14 years, with the latest figure at $169.4 million in Q1 2026.
- Quarterly Operating Expenses fell 5.43% year-over-year to $169.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $704.7 million (up 2.09% YoY) and the FY2025 annual result came in at $714.4 million, up 3.87% from the prior year.
- Operating Expenses fell to $169.4 million in Q1 2026 per BHR's latest filing, from $219.5 million in the prior quarter.
- Over five years, Operating Expenses peaked at $219.5 million in Q4 2025 and troughed at $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.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses jumped 53.8% in 2022, then decreased 8.11% in 2025.
- Over 5 years, Operating Expenses stood at $159.6 million in 2022, then rose by 7.61% to $171.7 million in 2023, then decreased by 1.27% to $169.5 million in 2024, then rose by 29.47% to $219.5 million in 2025, then declined by 22.83% to $169.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $169.4 million, $219.5 million, and $154.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryman Hospitality Properties | 8.10 Bn | 7.74 Bn | 364.88 Mn | 574.43 Mn |
| 2 | Apple Hospitality REIT | 3.92 Bn | 3.91 Bn | 174.97 Mn | 314.51 Mn |
| 3 | Park Hotels & Resorts | 3.15 Bn | 2.89 Bn | 232.00 Mn | 583.00 Mn |
| 4 | DiamondRock Hospitality | 2.63 Bn | 2.52 Bn | 123.23 Mn | 244.94 Mn |
| 5 | Sunstone Hotel Investors | 2.09 Bn | 1.88 Bn | 242.17 Mn | 242.91 Mn |
| 6 | Pebblebrook Hotel Trust | 2.07 Bn | 1.81 Bn | 154.61 Mn | 349.90 Mn |
| 7 | Xenia Hotels & Resorts | 1.79 Bn | 1.67 Bn | 97.24 Mn | 295.46 Mn |
| 8 | RLJ Lodging Trust | 1.71 Bn | 774.82 Mn | - | 327.47 Mn |
| 9 | Service Properties Trust | 1.03 Bn | 1.02 Bn | 156.32 Mn | 548.44 Mn |
| 10 | Braemar Hotels & Resorts | 142.17 Mn | 48.30 Mn | 53.85 Mn | 157.81 Mn |
Historic Data
Download 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 |