Braemar Hotels & Resorts Files 8-K
Ticker: BHR-PD · Form: 8-K · Filed: Apr 10, 2024 · CIK: 1574085
Sentiment: neutral
Topics: disclosure, financials, real-estate
Related Tickers: BHR
TL;DR
BHR filed an 8-K on 4/10 detailing Reg FD and financials.
AI Summary
Braemar Hotels & Resorts Inc. filed an 8-K on April 10, 2024, reporting a Regulation FD Disclosure and Financial Statements and Exhibits. The filing pertains to events that occurred on April 9, 2024, and includes information related to its common stock and Series B and Series D preferred stock.
Why It Matters
This 8-K filing indicates important disclosures and financial updates from Braemar Hotels & Resorts Inc., which could impact investor decisions.
Risk Assessment
Risk Level: low — The filing is a standard 8-K report for disclosures and exhibits, not indicating immediate financial distress or significant operational changes.
Key Numbers
- 001-35972 — SEC File Number (Identifier for Braemar Hotels & Resorts Inc.)
- 46-2488594 — IRS Employer Identification Number (Tax identification for Braemar Hotels & Resorts Inc.)
Key Players & Entities
- Braemar Hotels & Resorts Inc. (company) — Registrant
- April 10, 2024 (date) — Report Date
- April 9, 2024 (date) — Earliest Event Reported Date
- 14185 Dallas Parkway Suite 1200 Dallas Texas 75254 (address) — Principal Executive Offices
FAQ
What specific event triggered the Regulation FD Disclosure?
The filing does not specify the exact event that triggered the Regulation FD Disclosure, only that it was reported on April 10, 2024, with the earliest event on April 9, 2024.
What are the primary items disclosed in this 8-K filing?
This 8-K filing primarily concerns a Regulation FD Disclosure and Financial Statements and Exhibits.
What is the principal executive office address for Braemar Hotels & Resorts Inc.?
The principal executive offices are located at 14185 Dallas Parkway Suite 1200, Dallas, Texas 75254.
What is the SEC file number for Braemar Hotels & Resorts Inc.?
The SEC file number for Braemar Hotels & Resorts Inc. is 001-35972.
What is the fiscal year end for Braemar Hotels & Resorts Inc.?
The fiscal year end for Braemar Hotels & Resorts Inc. is December 31.
Filing Stats: 931 words · 4 min read · ~3 pages · Grade level 10.4 · Accepted 2024-04-09 21:04:08
Key Financial Figures
- $0.05 — ) declared a quarterly cash dividend of $0.05 per diluted share for the Company's com
- $0.20 — end, which equates to an annual rate of $0.20 per share, is payable on July 15, 2024,
- $0.3438 — second quarter ending June 30, 2024, of $0.3438 per diluted share, for the Company's 5.
- $0.5156 — second quarter ending June 30, 2024, of $0.5156 per diluted share, for the Company's 8.
- $0.15625 — le Preferred Stock, payable as follows: $0.15625 per share will be paid on May 15, 2024,
- $0.17500 — ble Preferred Stock payable as follows: $0.17500 per share will be paid on May 15, 2024
- $0.17292 — ble Preferred Stock payable as follows: $0.17292 per share will be paid on May 15, 2024
Filing Documents
- bhr-20240410.htm (8-K) — 31KB
- bhr2024q2dividendspr.htm (EX-99.1) — 14KB
- braemarlogoa40.jpg (GRAPHIC) — 113KB
- 0001574085-24-000056.txt ( ) — 375KB
- bhr-20240410.xsd (EX-101.SCH) — 2KB
- bhr-20240410_def.xml (EX-101.DEF) — 16KB
- bhr-20240410_lab.xml (EX-101.LAB) — 28KB
- bhr-20240410_pre.xml (EX-101.PRE) — 17KB
- bhr-20240410_htm.xml (XML) — 5KB
01 REGULATION FD DISCLOSURE
ITEM 7.01 REGULATION FD DISCLOSURE. On April 10, 2024, Braemar Hotels & Resorts Inc. (the "Company") issued a press release announcing that Board of Directors (the "Board") declared a quarterly cash dividend of $0.05 per diluted share for the Company's common stock for the second quarter ending June 30, 2024. This dividend, which equates to an annual rate of $0.20 per share, is payable on July 15, 2024, to stockholders of record as of June 28, 2024. The Board declared a quarterly cash dividend for the second quarter ending June 30, 2024, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on July 15, 2024, to stockholders of record as of June 28, 2024. The Board declared a quarterly cash dividend for the second quarter ending June 30, 2024, of $0.5156 per diluted share, for the Company's 8.25% Series D Cumulative Preferred Stock. This dividend is payable on July 15, 2024, to stockholders of record as of June 28, 2024. The Board declared a monthly cash dividend for the Company's Series E Redeemable Preferred Stock, payable as follows: $0.15625 per share will be paid on May 15, 2024, to stockholders of record as of April 30, 2024; $0.15625 per share will be paid on June 17, 2024 to stockholders of record as of May 31, 2024; and $0.15625 per share will be paid on July 15, 2024 to stockholders of record as of June 28, 2024. The Board declared a monthly cash dividend for CUSIPs 10482B705, 10482B887, 10482B796 and 10482B861 of the Company's Series M Redeemable Preferred Stock payable as follows: $0.17500 per share will be paid on May 15, 2024 to stockholders of record as of April 30, 2024; $0.17500 per share will be paid on June 17, 2024 to stockholders of record as of May 31, 2024; and $0.17500 per share will be paid on July 15, 2024 to stockholders of record as of June 28, 2024. The Board declared a monthly cash dividend for all remaining CUSIPs of the Company's Series M Redeemable Preferre
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits Exhibit Number Exhibit Description 99.1 Press Release of the Company, dated April 10, 2024, furnished under Item 7.01, announcing the declaration of dividends 104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BRAEMAR HOTELS & RESORTS INC. Dated: April 10, 2024 By: /s/ Alex Rose Alex Rose Executive Vice President, General Counsel & Secretary