Braemar Hotels & Resorts Inc. Financial Ratios — BHR-PB

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	-3.79	-6.11	0.91	-3.13	5.95	5.2	-1.51	-2.55	-35.78	-10.49	-2.64	-20.65	-18.6	-38.33
Return on Assets (%)	- -	-1.07	-1.3	0.18	-0.52	1.48	1.72	0.09	0.02	-6.13	-1.5	0.83	-1.17	-0.08	-1.12
Return on Capital (%)	- -	-50.01	- -	2.86	- -	4.47	- -	1.79	1.46	- -	- -	3.41	- -	5.28	- -
Return on Invested Capital (%)	- -	-49.6	- -	3.3	- -	3.79	- -	1.84	1.1	- -	- -	3.25	- -	2.55	- -
Gross Margin (%)	33.23	32.64	32.27	29.14	27.31	26.56	27.05	26.13	23.68	-4.39	19.38	24.57	22.79	21.1	21.08
EBITDA Margin (%)	28.12	27.64	27.25	28.02	25.81	23.06	25.12	25.19	22.7	-6.96	17.47	21.94	21.02	19.19	19.47
Operating Margin (%)	12.7	14.38	14.13	14.85	13.31	11.73	12.46	11.85	8.19	-39.65	0.09	10.2	8.34	5.57	6.26
Incremental Operating Margin (%)	- -	25.44	9.6	17.12	2.11	1.92	48.62	-2.77	-19.86	- -	45.07	28.04	-9.47	192.78	-14.24
Pretax Margin (%)	1.18	0.27	-6.67	1.51	-1.27	6.38	6.71	1.16	0.61	-56.87	-7.39	3.49	-3.78	2.83	-3.75
Profit Margin (%)	0.33	-2.05	-5.05	0.63	-1.92	4.76	5.56	0.31	0.08	-46.38	-6.24	2.65	-3.65	-0.23	-3.17
Net Income to Common Margin (%)	0.33	-2.05	-5.05	0.63	-2.49	3.81	3.92	-1.36	-2	-50.88	-8.28	-1.6	-10.01	-6.99	-10.33
Effective Tax Rate (%)	115.97	741.79	- -	23.67	- -	6.08	- -	48.48	59.59	- -	- -	17.28	- -	4.09	- -
Dvd Payout Ratio (%)	-1,624.48	-791.45	-355.99	124.63	-211.19	51.13	75.68	-689.21	-286.5	-3.85	-0.72	102.29	-6.82	-28.69	3.59
Sustainable Growth Rate (%)	- -	-33.78	-27.84	-0.22	-9.74	2.91	1.26	-11.93	-9.85	-37.16	-10.57	0.06	-22.06	-23.94	-36.95

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	571	622	762	836	765	1,021	986	1,120	1,234	1,234	1,395	1,223	1,230	1,124
ST Debt	- -	- -	- -	- -	80	374	200	229	42	42	- -	- -	- -	- -	- -
LT Debt	- -	571	622	762	756	391	821	757	1,077	1,192	1,234	1,395	1,223	1,230	1,124
Total Debt/EBITDA	- -	9.34	9.77	8.85	9.26	8.17	9.82	9.07	10.11	-78.13	16.52	9.5	7.87	8.8	8.2
Net Debt/EBITDA	- -	9	7.51	6.86	8.1	6.81	8.49	7.39	8.91	-69.29	12.81	7.3	6.93	7.69	7.14
Total Debt/EBIT	- -	17.95	18.85	16.7	17.96	16.06	19.79	19.29	28.03	-13.71	3,091.77	20.43	19.83	30.31	25.5
Net Debt/EBIT	- -	17.31	14.49	12.94	15.71	13.4	17.13	15.72	24.7	-12.16	2,397.69	15.71	17.46	26.48	22.22
EBITDA to Interest Expense	1.7	1.96	1.93	2.21	2.39	2.29	2.67	2.19	2.03	-0.35	2.42	2.82	1.65	1.29	1.39
EBITDA-CapEx/Interest Expense	1.7	1.96	1.07	2.21	2.39	2.29	2.67	2.19	2.03	-0.35	2.42	2.82	1.65	1.29	1.34
EBIT to Interest Expense	0.77	1.02	1	1.17	1.23	1.16	1.32	1.03	0.73	-2	0.01	1.31	0.65	0.38	0.45
Interest Expense	32	31	33	39	38	41	39	50	55	45	31	52	94	108	99
Common Equity/Total Assets	- -	28.31	15.17	22.75	20.45	19.32	26.78	24.29	20.99	16.5	21.22	17.1	13.78	11.27	7.45
Long-Term Debt/Equity (%)	- -	226.17	205.16	179.65	191.37	107.59	194	173.19	266.07	412.54	294.85	321.15	370.06	460.11	703.15
Long-Term Debt/Capital (%)	- -	69.34	67.23	64.24	61.41	34.63	56.84	53.19	70.66	78.24	74.67	76.26	78.73	82.15	87.55
Long-Term Debt/Total Assets (%)	- -	67.37	64.62	62.13	55.86	31.07	57.66	46.24	61.24	71.18	65.63	58.17	54.91	57.58	60.35
Total Debt/Equity (%)	- -	226.17	205.16	179.65	211.63	210.65	241.28	225.62	276.57	427.25	294.85	321.15	370.06	460.11	703.15
Total Debt/Capital (%)	- -	69.34	67.23	64.24	67.91	67.81	70.7	69.29	73.44	81.03	74.67	76.26	78.73	82.15	87.55
Total Debt/Total Assets (%)	- -	67.37	64.62	62.13	61.77	60.83	71.71	60.24	63.65	73.72	65.63	58.17	54.91	57.58	60.35
Net Debt to Equity	- -	218.12	157.72	139.22	185.03	175.72	208.79	183.83	243.68	378.95	228.66	246.96	325.88	401.96	612.77
Net Debt/Capital (%)	- -	68.57	61.2	58.2	64.92	63.73	67.62	64.77	67.92	75.78	66.62	68.42	73.37	78.9	84.48
EBITDA	54	61	64	86	90	94	104	109	111	-16	75	147	155	140	137
EBITDA-CapEx	54	61	35	86	90	94	104	109	111	-16	75	147	155	140	132
Operating Income (Loss)	24	32	33	46	47	48	52	51	40	-90	- -	68	62	41	44

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	1.09	4.46	4.89	0.78	0.29	2.01	0.59	0.47	1.14	2.15	1.7	0.53	0.85	0.66
Current Ratio	- -	3.69	5.77	6.57	1.3	0.48	3.32	0.92	1.14	2.14	3.22	2.64	1.47	1.61	1.36
Quick Ratio	- -	2.7	5.51	5.64	1.02	0.38	2.54	0.65	0.71	1.54	2.67	2.21	0.88	1.24	0.98
CFO/Avg Current Liab	- -	2.98	1.34	1.63	0.11	0.21	0.28	0.38	0.29	-0.45	0.76	0.86	0.53	0.41	0.23
Common Equity/Total Assets	- -	28.31	15.17	22.75	20.45	19.32	26.78	24.29	20.99	16.5	21.22	17.1	13.78	11.27	7.45
Long-Term Debt/Equity (%)	- -	226.17	205.16	179.65	191.37	107.59	194	173.19	266.07	412.54	294.85	321.15	370.06	460.11	703.15
Long-Term Debt/Capital (%)	- -	69.34	67.23	64.24	61.41	34.63	56.84	53.19	70.66	78.24	74.67	76.26	78.73	82.15	87.55
Long-Term Debt/Total Assets (%)	- -	67.37	64.62	62.13	55.86	31.07	57.66	46.24	61.24	71.18	65.63	58.17	54.91	57.58	60.35
Total Debt/Equity (%)	- -	226.17	205.16	179.65	211.63	210.65	241.28	225.62	276.57	427.25	294.85	321.15	370.06	460.11	703.15
Total Debt/Capital (%)	- -	69.34	67.23	64.24	67.91	67.81	70.7	69.29	73.44	81.03	74.67	76.26	78.73	82.15	87.55
Total Debt/Total Assets (%)	- -	67.37	64.62	62.13	61.77	60.83	71.71	60.24	63.65	73.72	65.63	58.17	54.91	57.58	60.35
CFO/Total Liabilities	- -	4.68	5.17	6.84	0.94	6.56	7.06	5.9	4.89	-3.63	4.38	5.58	4.47	3.58	2.4
CFO/CapEx	- -	- -	1.2	- -	- -	- -	- -	- -	- -	- -	- -	- -	1,129.48	- -	7.4
Altman's Z-Score	- -	0.4	0.4	0.45	0.31	0.51	0.85	0.53	0.52	0.06	0.7	0.64	0.5	0.44	0.43

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	75.08	36.14	31.66	27.15	25.72	25.46	31.87	30.68	13.92	22.95	17.82	16.31	20.53	21.8
Days Sales Outstanding	- -	4.86	10.1	11.53	13.45	14.19	14.34	11.45	11.9	26.22	15.9	20.48	22.38	17.78	16.75
Inventory Turnover	- -	980.18	508.53	429.5	236.68	203.46	208.04	193.9	159.85	88.66	121.38	120.75	111.49	118.9	118.16
Days Inventory Outstanding	- -	0.37	0.72	0.85	1.54	1.79	1.75	1.88	2.28	4.12	3.01	3.02	3.27	3.07	3.09
Accounts Payable Turnover	- -	16.49	8.94	9.37	7	6.75	5.95	5.28	4.69	3.02	4.37	4.4	4.02	3.91	3.89
Accounts Payable Turnover Days	- -	22.14	40.83	38.95	52.17	54.09	61.39	69.15	77.8	120.8	83.56	82.86	90.78	93.23	93.82
Cash Conversion Cycle	- -	-16.9	-30.02	-26.57	-37.18	-38.11	-45.3	-55.82	-63.62	-90.46	-64.65	-59.36	-65.13	-72.39	-73.99
Inventory to Cash Days	- -	4.49	9.38	10.68	11.9	12.4	12.58	9.57	9.62	22.1	12.9	17.46	19.1	14.71	13.66
Inventories	- -	- -	- -	1	1	1	1	2	3	3	3	5	5	5	5
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	1	1	1	1	2	3	3	3	5	5	5	5

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	561	642	558	625	622	1,360	1,090	929	916	1,010
- Cash & Cash Equivalents	- -	20	144	171	105	127	138	183	72	79	216	262	86	135	124
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	62	66	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	13	157	145	56	54	42	39	36	13	20	24	23	27	21
+ Total Debt	- -	571	622	762	836	765	1,021	986	1,120	1,234	1,234	1,395	1,223	1,230	1,124
Enterprise Value	- -	563	635	735	849	1,318	1,567	1,401	1,708	1,790	2,397	2,248	2,090	2,037	2,031
Total Capital	- -	823	925	1,186	1,230	1,128	1,444	1,423	1,524	1,523	1,652	1,829	1,553	1,497	1,283
Total Debt/Capital (%)	- -	69.34	67.23	64.24	67.91	67.81	70.7	69.29	73.44	81.03	74.67	76.26	78.73	82.15	87.55
Total Debt / EV	- -	1.01	0.98	1.04	0.98	0.58	0.65	0.7	0.66	0.69	0.51	0.62	0.59	0.6	0.55
EV/Sales	- -	2.55	2.72	2.39	2.43	3.25	3.79	3.25	3.5	7.89	5.61	3.36	2.83	2.8	2.88
EV/EBITDA	- -	9.21	9.98	8.54	9.41	14.09	15.07	12.89	15.43	- -	32.1	15.3	13.45	14.57	14.81
EV/EBIT	- -	17.7	19.26	16.12	18.25	27.7	30.38	27.41	42.76	- -	6,006.95	32.92	33.88	50.19	46.09
EV/Cash Flow to Firm	- -	- -	8.82	8.69	17.3	13.59	14.21	14.54	19.35	- -	24.93	14.73	11.12	11.95	13.84
EV/Free Cash Flow to Firm	- -	- -	6.33	8.69	17.3	13.59	14.21	14.54	19.35	- -	24.93	14.73	11.11	11.95	13.34
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	563	635	735	849	758	925	843	1,083	1,168	1,037	1,158	1,161	1,121	1,020
EV per Share	- -	34.91	39.38	30.06	29.81	50.67	48.8	43.08	51.94	46.77	36.67	32.14	31.36	30.58	29.77
TTM Sales	192	221	233	307	350	406	414	431	488	227	428	670	739	728	704
TTM EBITDA	54	61	64	86	90	94	104	109	111	-16	75	147	155	140	137
TTM Operating Income	24	32	33	46	47	48	52	51	40	-90	- -	68	62	41	44
TTM Cash Flow to Firm	10	-173	72	85	49	97	110	96	88	-7	96	153	188	171	147
TTM Free Cash Flow to Firm	10	-173	100	85	49	97	110	96	88	-7	96	153	188	171	152

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	17.7	19.26	16.12	18.25	27.7	30.38	27.41	42.76	- -	6,006.95	32.92	33.88	50.19	46.09
Enterprise Value	- -	563	635	735	849	1,318	1,567	1,401	1,708	1,790	2,397	2,248	2,090	2,037	2,031
Low Price	- -	- -	- -	- -	- -	17.49	17.92	15.72	16.59	3.46	15.35	13.46	10.58	12.08	11.01
EV/Sales	- -	2.55	2.72	2.39	2.43	3.25	3.79	3.25	3.5	7.89	5.61	3.36	2.83	2.8	2.88
EV/EBITDA	- -	9.21	9.98	8.54	9.41	14.09	15.07	12.89	15.43	- -	32.1	15.3	13.45	14.57	14.81
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	2.31	1.68	1.4	1.69	2.25	3.41	2.66	3.03	3.8	7.29
Price/Book Value Average	- -	- -	- -	- -	- -	2.42	1.73	1.55	1.72	1.74	3.48	2.93	3.08	3.8	7
Price/Book Value High	- -	- -	- -	- -	- -	2.72	1.9	1.68	1.86	2.67	4.1	3.58	4.1	4.7	8.17
Price/Book Value Low	- -	- -	- -	- -	- -	1.87	1.51	1.29	1.48	0.48	2.52	2.29	2.3	3.34	5.42
Price/Tangible Book Value	- -	- -	- -	- -	- -	2.55	1.79	1.51	1.72	2.29	3.45	2.68	3.06	3.85	7.43
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	2.68	1.84	1.66	1.74	1.77	3.52	2.96	3.11	3.85	7.15
Price/Tangible Book Value High	- -	- -	- -	- -	- -	3.01	2.02	1.8	1.89	2.71	4.14	3.61	4.15	4.77	8.33
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	2.07	1.6	1.38	1.5	0.49	2.54	2.32	2.32	3.39	5.53
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	- -	2.55	2.72	2.39	2.43	3.32	3.83	3.38	3.52	7.26	5.67	3.52	2.85	2.8	2.83
EV/Sales High	- -	2.55	2.72	2.39	2.43	3.5	3.98	3.5	3.63	8.39	6.25	3.92	3.27	3.09	3.06
EV/Sales Low	- -	2.55	2.72	2.39	2.43	2.99	3.63	3.14	3.34	5.73	4.77	3.13	2.52	2.64	2.52
EV/EBITDA Average	- -	9.21	9.98	8.54	9.41	14.39	15.24	13.41	15.51	-104.37	32.49	16.06	13.55	14.57	14.53
EV/EBITDA High	- -	9.21	9.98	8.54	9.41	15.16	15.85	13.89	15.99	-120.59	35.76	17.87	15.56	16.12	15.71
EV/EBITDA Low	- -	9.21	9.98	8.54	9.41	12.96	14.43	12.46	14.71	-82.33	27.33	14.29	12	13.78	12.92
EV/EBIT Average	- -	17.7	19.26	16.12	18.25	28.29	30.74	28.53	42.98	-18.32	6,080.71	34.54	34.15	50.19	45.2
EV/EBIT High	- -	17.7	19.26	16.12	18.25	29.82	31.95	29.54	44.33	-21.16	6,693.37	38.45	39.22	55.53	48.86
EV/EBIT Low	- -	17.7	19.26	16.12	18.25	25.49	29.1	26.49	40.78	-14.45	5,114.11	30.74	30.25	47.45	40.2
Last Price	- -	- -	- -	- -	- -	21.54	19.99	17.16	19	16.25	20.8	15.59	13.94	13.75	14.81
High Price	- -	- -	- -	- -	- -	25.42	22.51	20.52	20.9	19.25	24.99	20.99	18.88	17	16.6
Enterprise Value Average	- -	563	635	735	849	1,347	1,586	1,458	1,717	1,648	2,426	2,358	2,106	2,037	1,991
Enterprise Value High	- -	563	635	735	849	1,419	1,648	1,510	1,770	1,905	2,671	2,625	2,419	2,253	2,153
Enterprise Value Low	- -	563	635	735	849	1,213	1,501	1,354	1,629	1,300	2,041	2,099	1,866	1,926	1,771

Shares Outstanding	- -	16	16	24	28	26	32	33	33	38	65	70	67	67	68
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	- -	1.26	8.91	7.01	3.69	4.87	4.28	5.62	2.19	2.05	3.3	3.74	1.28	2.03	1.82
Book Value per Share	- -	14.87	9.05	11.4	9.72	9.33	11.87	12.23	11.23	7.22	6.1	5.87	4.61	3.61	2.03
Tangible Book Value per Share	- -	14.7	8.89	11.3	8.9	8.45	11.17	11.37	11.08	7.1	6.04	5.81	4.55	3.57	1.99

Braemar Hotels & Resorts Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)