Braemar Hotels & Resorts Inc.: reports preliminary TTM revenue $385,200,000

What happened

• Braemar Hotels & Resorts Inc filed a Form 8-K on Oct 13, 2026 and released unaudited interim financial results for its continuing portfolio for the trailing twelve month period ended Aug 31, 2026.
• The filing states the financial information is preliminary, unaudited, subject to completion, has not been reviewed or audited by the company's independent registered public accounting firm, and may change as quarter-end closing and audit review procedures are completed.

Key details

• Total revenue for the trailing twelve months ended Aug 31, 2026: $385,200,000.
• Total hotel-level EBITDA for the trailing twelve months ended Aug 31, 2026: $90,400,000, representing a Hotel EBITDA Margin of 23.5%.
• Example property results for the trailing twelve months ended Aug 31, 2026: The Ritz-Carlton Reserve Dorado Beach — RevPAR $1,747, revenue $101,500,000, Hotel EBITDA $28,100,000, Hotel EBITDA Margin 27.7%. The Ritz-Carlton, St. Thomas — RevPAR $700, revenue $74,400,000, Hotel EBITDA $18,400,000, Hotel EBITDA Margin 24.7%.
• The report includes non-GAAP measures (Hotel EBITDA and Hotel EBITDA Margin) and notes the company has not provided a reconciliation of Hotel EBITDA for the period ended Aug 31, 2026 to the most directly comparable GAAP measure, stating it cannot do so without unreasonable effort because quarterly closing procedures for the three months ended Sep 30, 2026 are not complete.

Why it may matter

• Item 7.01 (Regulation FD disclosure) was reported; the filing covers preliminary trailing twelve month financial results, property-level performance metrics, and discussion of non-GAAP measures and limitations on providing a GAAP reconciliation for the Aug 31, 2026 period.
• The filing states the company expects to report hotel net income (loss) and a reconciliation to Hotel EBITDA for periods including Jul and Aug 2026 in connection with its third quarter 2026 results.
• The filing does not explain why the company released these preliminary financial estimates.