secwatch.observer — SEC 8-K summary
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Issuer:     Pebblebrook Hotel Trust (PEB)
CIK:        0001474098
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001474098-23-000134
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474098/000147409823000134/0001474098-23-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474098/000147409823000134/peb-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001474098-23-000134

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