Pebblebrook Hotel Trust reports Q3 net loss of $56.5M, adjusted FFO per share $0.61 at top end of outlook

Pebblebrook Hotel Trust

2023-Q3 EPS reported -$0.56 revenue$1,085,861,000

Net loss of $56.5M; Adjusted EBITDAre of $116.1M; Adjusted FFO per diluted share $0.61.
Same-Property Total RevPAR +0.2% YoY; urban markets +4.3% led by DC, SF, LA, Boston.
Storms (Hilary/Idalia) reduced RevPAR growth by ~90 bps and EBITDA by $2.5M.
Q4 group/transient pace up 13% vs 2022; Q4 outlook: Adj. FFO/sh $0.09–0.14, RevPAR +1–4%.
Contract to sell Hotel Zoe Fisherman’s Wharf for $68.5M, expected close Q4 2023.

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 Q4 2023 results: net income $48.3 to $42.3 million. Guidance initiated.

Period: Q4 2023
Net income: $48.3 to $42.3 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Q4 2023 OUTLOOK § Net loss: $48.3 to $42.3 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Pebblebrook Hotel Trust reported the three and nine months ended September 30, 2023 results: net income $56.5 million.

Period: the three and nine months ended September 30, 2023
Net income: $56.5 million
Result: reported results

Exact text from the filing

On October 26, 2023, Pebblebrook Hotel Trust (the “Company”) issued a press release announcing the Company’s results of operations for the three and nine months ended September 30, 2023.

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Pebblebrook Hotel Trust filing history →

Source: SEC EDGAR

accession 0001474098-23-000158

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