---
schema_version: "secwatch.filing_event.v1"
accession: "0001474098-23-000134"
form_type: "8-K"
ticker: "PEB"
cik: "0001474098"
company_name: "Pebblebrook Hotel Trust"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:20:09.692421+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pebblebrook Hotel Trust Q2 net income $46.2M, Adjusted FFO $0.62 beats outlook; Q3 RevPAR flat to down

## Summary
- Net income $46.2M; Adjusted EBITDAre $116.2M and Adjusted FFO $0.62/diluted share, both exceeded Q2 outlook.
- Same-Property RevPAR +0.6% YoY; urban markets up 6.0% (San Francisco, LA, DC, Chicago, Portland).
- Repurchased 3.6M common shares for $50.0M during Q2.
- Q3 2023 outlook: Net income $14.6-$20.6M; Adj. EBITDAre $110-$116M; Adj. FFO $0.56-$0.61/share.
- Sold Hotel Monaco Seattle ($63.3M) and Hotel Vintage Seattle ($33.7M); invested $52.5M in capex.

## SEC filing metadata
- accession: 0001474098-23-000134
- form_type: 8-K
- ticker: PEB
- cik: 0001474098
- company_name: Pebblebrook Hotel Trust
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1474098/000147409823000134/0001474098-23-000134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1474098/000147409823000134/peb-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001474098-23-000134
- JSON: https://secwatch.observer/filing/0001474098-23-000134.json
- Plain text: https://secwatch.observer/filing/0001474098-23-000134.txt

## Key facts
- Earnings Releases
  Pebblebrook Hotel Trust reported the three months ended June 30, 2023 results: net income $46.2 million.
  - Period: the three months ended June 30, 2023
  - Net income: $46.2 million
  - Result: reported results
  source text: EBBLEBROOK HOTEL TRUST REPORTS SECOND QUARTER 2023 RESULTS Q2 FINANCIAL HIGHLIGHTS ▪ Net income: $46.2 million ▪ Same-Property Total RevPAR (1) increased 0.6% vs. 2022, with urban markets up 6.0%, leading the portfolio’s growth ▪ Same-Property EBITDA of $110.7 million, in line with our previous Q2 Outlook ▪ Adjusted EBITDAre (1) of $116.2 million and Adjusted FFO (1) per diluted share of $0.62, both exceeded our Q2 Outlook ▪ Repurchased 3.6 million common shares for $50.0 million during the quarter HOTEL OPERATING TRENDS § Business demand, both group and transient, continues to recover; strong occupancy gains in San Francisco, Los Angeles, Washington DC, Chicago, and Portland § Group revenue pace for the second half of 2023 is ahead a robust 18.5% over the same period in 2022, with ADR ahead by 7.3% § Leisure demand continues to be healthy, with weekend occupancy ahead of the same period
  evidence_url: https://www.sec.gov/Archives/edgar/data/1474098/000147409823000134/0001474098-23-000134-index.htm
- Earnings Releases
  Pebblebrook Hotel Trust reported Q3 2023 results: net income $14.6 to $20.6 million. Guidance initiated.
  - Period: Q3 2023
  - Net income: $14.6 to $20.6 million
  - Guidance: initiated
  - Result: guidance update
  source text: sitioning projects at Viceroy Santa Monica Hotel, Hilton San Diego Gaslamp Quarter, Jekyll Island Club Resort, Estancia La Jolla Hotel & Spa, and the conversion of Hotel Solamar into Margaritaville Hotel San Diego Gaslamp Quarter Q3 2023 OUTLOOK § Net income: $14.6 to $20.6 million § Same-Property RevPAR (1) vs. 2022: (2.0%) to +1.0% § Adjusted EBITDA re (1) : $110.0 to $116.0 million § Adjusted FFO (1) per diluted share: $0.56 to $0.61 (1) See tables later in this press release for a description of Same-Property information and reconciliations from net income (loss) to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1474098/000147409823000134/0001474098-23-000134-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.