Pebblebrook reports 2022 net loss of $85M; Same-Property RevPAR up 65% vs 2021

Pebblebrook Hotel Trust

2022-FY EPS reported -$0.95 revenue$1,391,891,000

FY 2022 net loss of $85.0M; Q4 net loss of $39.9M.
Same-Property Total RevPAR increased 65.1% vs 2021, recovered to 93% of 2019.
Adjusted FFO per diluted share $1.69 vs ($0.23) in 2021.
Acquired Inn on Fifth Naples and Newport Harbor Island Resort for $330M; sold 4 urban hotels for $260.9M.
Q1 2023 outlook: net loss $48.6M-$43.6M; Same-Property RevPAR +15% to +18% vs 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Pebblebrook Hotel Trust reported the three months and year ended December 31, 2022 results: net income Net loss of ($85.0) million.

Period: the three months and year ended December 31, 2022
Net income: Net loss of ($85.0) million
Result: reported results

Exact text from the filing

On February 21, 2023, Pebblebrook Hotel Trust (the “Company”) issued a press release announcing the Company’s results of operations for the three months and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0001474098-23-000040

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