earnings
confidence high
sentiment negative
materiality 0.75
Pebblebrook Q3 net loss $32.4M; RevPAR -1.5%, but FFO per share $0.51 beats midpoint
Pebblebrook Hotel Trust
2025-Q3 EPS reported
-$0.67
revenue$1,126,526,000
- Net loss of $32.4M vs $45.1M income in Q3 2024; Adjusted FFO per diluted share $0.51, $0.03 above outlook midpoint.
- Same-Property Total RevPAR declined 1.5% to $362; San Francisco outperformed with 8.3% RevPAR growth.
- Completed $400M private offering of 1.625% convertible notes due 2030; used to retire $400M of 1.75% notes due 2026 at 2% discount.
- Full year 2025 outlook: Adjusted EBITDAre $332.5-$341.5M (midpoint reduced $3M); RevPAR growth (0.1%)-1.1% (midpoint down 30bps).
- Balance sheet: $232M cash, sector-low 4.1% weighted avg interest rate, net debt/EBITDA 6.1x.