earnings
confidence high
sentiment neutral
materiality 0.75
Pebblebrook Hotel Trust reports 2024 adjusted FFO per share $1.68 (+5% YoY); 2025 outlook points lower
Pebblebrook Hotel Trust
2024-FY EPS reported
-$0.39
revenue$1,453,309,000
- Full-year 2024 net income $0.0M; Adjusted FFO per diluted share $1.68, up 5.0% from $1.60 in 2023.
- Q4 2024 Adjusted EBITDAre $62.7M exceeded midpoint of outlook by $11.2M including $5.4M Hurricane Ian insurance settlement.
- Same-Property Total RevPAR grew 2.1% in 2024; Q4 Total RevPAR up 1.8% with resorts up 4.0%.
- 2025 outlook: Adjusted EBITDAre $341.5-355.5M, Adjusted FFO per share $1.50-1.62, reflecting ~$9M LA fire impact.
- Debt/EBITDA improved to 5.8x; $217.6M cash; no major maturities until Dec 2026; 2025 capex guided at $65-75M.