secwatch.observer — SEC 8-K summary
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Issuer:     Pebblebrook Hotel Trust (PEB)
CIK:        0001474098
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001474098-24-000080
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474098/000147409824000080/0001474098-24-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474098/000147409824000080/peb-20240423.htm
  HTML page:      https://secwatch.observer/filing/0001474098-24-000080

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