Pebblebrook Q1 net loss $22M, RevPAR up 23.8%; Q2 guidance suggests improving trends

Pebblebrook Hotel Trust

2023-Q1 EPS reported -$0.27 revenue$305,719,000

Q1 net loss of $22.0M; Adjusted FFO per diluted share $0.18 vs. $0.11 in Q1 2022.
Same-Property Total RevPAR increased 23.8% YoY; Same-Property EBITDA $59.3M, up 25.4%.
Completed $135.3M in property sales; executed contracts to sell Monaco Seattle ($63.3M) and Vintage Seattle ($33.7M) expected to close in Q2 2023.
Q2 2023 guidance: net income $34-38.9M, Same-Property RevPAR +1-4% YoY, Adjusted FFO $0.52-0.57 per diluted share.
Made $26.2M in capital investments during Q1, including major renovations and redevelopment of Hotel Solamar into Margaritaville.

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 0.9

Pebblebrook Hotel Trust reported financial results for the three months ended March 31, 2023.

Period: the three months ended March 31, 2023
Result: reported results

Exact text from the filing

On April 26, 2023, Pebblebrook Hotel Trust (the “Company”) issued a press release announcing the Company’s results of operations for the three months ended March 31, 2023.

View on SEC.gov

Browse all earnings releases →

Pebblebrook Hotel Trust filing history →

Source: SEC EDGAR

accession 0001474098-23-000103

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.