Pebblebrook Hotel Trust Reports 2023 Results and Provides 2024 Outlook
Pebblebrook Hotel Trust Common Shares of Beneficial Interest (PEB)
Last pebblebrook hotel trust common shares of beneficial interest earnings: 2/20 04:06 pm
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US:NYSE Investor Relations:
investor.pebblebrookhotels.com
Company Research
Source: Business Wire
BETHESDA, Md.--(BUSINESS WIRE)--Pebblebrook Hotel Trust (NYSE: PEB):2023FINANCIAL RESULTSNet loss: $74.3 millionSame-Property Total RevPAR(1) increased 5.9% vs. 2022Same-Property Hotel EBITDA(1) of $350.9 million, 2.6% below 2022Adjusted EBITDAre(1) of $356.4 million, vs. $356.7 million in 2022Adjusted FFO(1) per diluted share of $1.60 vs. $1.69 in 2022 Q4 FINANCIALHIGHLIGHTSSame-Property Total RevPAR increased 5.7% vs. 2022, exceeding our outlook, with Same-Property Urban Total RevPAR rising 8.8% and Same-Property Resort Total RevPAR declining 0.4%Same-Property Hotel EBITDA of $66.6 million, Adjusted EBITDAre of $63.3 million, and Adjusted FFO per diluted share of $0.21, exceeding the top end of the Company’s Q4 Outlook by $0.07 PORTFOLIOUPDATES, BALANCE SHEET &CAPITAL REINVESTMENTSIn 2023, the Company sold 7 properties, generating approximately $331 million of gross proceeds that were used to reduce the Company’s outstanding debt and repurchase common/preferred shares at substa
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News
- Pebblebrook Hotel Trust (NYSE: PEB) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Curator Adds Two New Members to Its Growing Collection of Independent Hotels and Resorts [Yahoo! Finance]Yahoo! Finance
- Pebblebrook Hotel Trust (NYSE:PEB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Pebblebrook Hotel Trust (NYSE: PEB) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Two REITs That Just Crushed Earnings Estimates And Guidance [Yahoo! Finance]Yahoo! Finance
PEB
Earnings
- 4/23/24 - In-Line
PEB
Sec Filings
- 4/23/24 - Form 8-K
- 4/23/24 - Form 10-Q
- 4/23/24 - Form ARS
- PEB's page on the SEC website