Braemar Hotels & Resorts Inc. is a real estate investment trust (REIT) focused on the high-growth luxury hotel and resort sector. The Company targets high-performance luxury urban and resort properties, specializing in assets that generate revenue per available room (RevPAR) at least twice the U.S. national average. Its industry-leading portfolio features luxury properties across the United States and the U.S. …
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Competitive advantage assessment
Key strengths
Stable NOI PerformanceNOI stability is excellent (score 0.93), suggesting reliable rent streams.
Braemar Hotels & Resorts Inc. ranks #13 of 19
scored companies in REIT - Hotel & Motel by moat score — the top 68%.
The widest moat in the group is Apple Hospitality REIT, Inc. (APLE)
at 94/100.
Moat scores for companies ranked near BHR in REIT - Hotel & Motel
For a REIT, pricing power is the ability to raise rents at renewal and still keep the space occupied.
AFFO Strength
Score 36
· 18% of the moat score
AFFO — adjusted funds from operations — is the cash a REIT can actually distribute after the recurring capital spending buildings need in order to stay leasable.
Balance Sheet & Cost of Capital
Score 53
· 20% of the moat score
Real estate is bought with borrowed money, so a REIT's cost of capital is its competitive advantage.
Capital Recycling & Growth
Score 22
· 16% of the moat score
REITs grow by issuing shares and debt to buy more property, which creates value only when the yield on the asset exceeds the cost of the capital raised.
Operational Efficiency
Score 45
· 14% of the moat score
Running property — leasing, maintenance, taxes, management — is the part of the business a REIT genuinely controls.
Portfolio Quality & Diversification
Score 57
· 12% of the moat score
Portfolio quality is really a question about what happens when a tenant fails.
What is Braemar Hotels & Resorts Inc.'s moat score?
Braemar Hotels & Resorts Inc. (BHR) scores 48 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #13 of 19 scored companies in REIT - Hotel & Motel, the top 68%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 29 companies in REIT - Hotel & Motel. Its strongest defense is Rent Pricing Power (71/100) and its weakest is Capital Recycling & Growth (22/100).
How does Braemar Hotels & Resorts Inc. compare with other REIT - Hotel & Motel companies?
Braemar Hotels & Resorts Inc. ranks #13 of 19 scored companies in REIT - Hotel & Motel by moat score. The widest moat in REIT - Hotel & Motel is Apple Hospitality REIT, Inc. (APLE) at 94/100. The companies ranked closest are Sotherly Hotels Inc. - 7.875% S (SOHOO) at 49 just above it and Sunstone Hotel Investors, Inc. (SHO) at 47 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — REIT Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 29 companies in REIT - Hotel & Motel. The defenses are then weighted to produce the overall score out of 100.
Why is Braemar Hotels & Resorts Inc. scored with the REIT Specialized template?
A REIT is a portfolio of buildings financed with debt and required to distribute most of its taxable income. Reported earnings are dominated by depreciation on assets that often appreciate, so net income says very little; the real question is how much cash the properties distribute, and how securely. The REIT template scores what determines that: rent pricing, distributable cash, cost of capital, and the discipline behind growth.
Which competitive defenses are measured for Braemar Hotels & Resorts Inc.?
The REIT Specialized template measures 6 defenses, and BHR scores: Rent Pricing Power (71), AFFO Strength (36), Balance Sheet & Cost of Capital (53), Capital Recycling & Growth (22), Operational Efficiency (45), Portfolio Quality & Diversification (57). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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