secwatch.observer — SEC 8-K summary
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Issuer:     Pebblebrook Hotel Trust (PEB)
CIK:        0001474098
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001474098-23-000103
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474098/000147409823000103/0001474098-23-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474098/000147409823000103/peb-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001474098-23-000103

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