Braemar Hotels & Resorts Inc.'s BHR-P-B is an exchange-traded preferred stock in the REIT - Diversified sector. At a recent price of $14.10, BHR-P-B yields 9.75% on its $25 liquidation preference and 5.5% coupon. It trades at a discount of 43.6% to par. The issue is cumulative, perpetual (no stated maturity), callable on or after 2020-06-11, convertible. Distributions are paid quarterly. Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.