Pebblebrook posts Q1 net loss of $27.5M; Adjusted FFO per share rises to $0.21 from $0.18 YoY

Pebblebrook Hotel Trust

2024-Q1 EPS reported -$0.32 revenue$314,069,000

Net loss $27.5M; Adjusted FFO per diluted share $0.21 (up from $0.18 in Q1 2023).
Same-Property RevPAR up 1.7% YoY; Urban +4.9%, Resort -4.4%.
Q2 2024 outlook: Net income $18.8-$23.8M; Adjusted EBITDAre $111-$116M; Adjusted FFO per share $0.59-$0.63.
$49M Newport Harbor Island Resort redevelopment substantially complete; Estancia La Jolla $26M transformation completed.
Business demand recovering in D.C., San Diego, San Francisco, Los Angeles, Boston; leisure demand roughly flat.

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 0.95

Pebblebrook Hotel Trust reported the three months ended March 31, 2024 results: net income ($27.5) million.

Period: the three months ended March 31, 2024
Net income: ($27.5) million
Result: reported results

Exact text from the filing

On April 23, 2024, Pebblebrook Hotel Trust (the “Company”) issued a press release announcing the Company’s results of operations for the three months ended March 31, 2024.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Pebblebrook Hotel Trust reported Q2 2024 results: net income $18.8 to $23.8 million. Guidance initiated.

Period: Q2 2024
Net income: $18.8 to $23.8 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Q2 2024 OUTLOOK § Net income: $18.8 to $23.8 million

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499 earnings releases filed in the last 30 days. Browse all earnings releases →

Pebblebrook Hotel Trust filing history →

Source: SEC EDGAR

accession 0001474098-24-000080

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