secwatch.observer — SEC 8-K summary
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Issuer:     Pebblebrook Hotel Trust (PEB)
CIK:        0001474098
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001474098-24-000042
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pebblebrook Hotel Trust 2023 net loss $74.3M; Q4 beats outlook; 2024 guidance issued
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- Net loss for 2023 of $74.3M; Adjusted FFO per diluted share $1.60 vs $1.69 in 2022.
- Same-Property Total RevPAR up 5.9% in 2023; Q4 Same-Property Total RevPAR up 5.7%, beating top of outlook.
- Sold 7 properties for ~$331M in 2023; proceeds used to reduce debt and repurchase shares.
- Extended $357M of $460M Oct 2024 term loan to 2028; paid down $157.6M debt, including $110M of 2024/2025 maturities.
- 2024 outlook: net loss $62-47M; Same-Property Hotel EBITDA $345-360M; Adjusted FFO per share $1.49-$1.61; capex $85-90M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474098/000147409824000042/0001474098-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474098/000147409824000042/peb-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001474098-24-000042

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