Pebblebrook Earnings Reports

Pebblebrook Hotel Trust experienced a net loss of $32.4 million in the third quarter of 2025, a significant decrease from a net income of $45.1 million in the same period last year. Same-Property RevPAR declined by 3.1%, and Adjusted FFO per diluted share decreased by 13.6% to $0.51. However, the company highlighted strong operating execution and outperformance in San Francisco and Chicago, along with resilient leisure demand.

Pebblebrook Hotel Trust's Q2 2025 results surpassed expectations, primarily due to significant rebounds in key markets like San Francisco, Portland, San Diego, and Chicago. The company also highlighted the strong performance of its redeveloped properties and effective cost management, which helped offset increased labor costs and inflationary pressures. However, Los Angeles continued to underperform due to market-specific headwinds.

Pebblebrook Hotel Trust reported a net loss of $32.2 million for Q1 2025, compared to a net loss of $27.5 million in Q1 2024. Same-Property Total RevPAR increased by 2.1%, while Same-Property Hotel EBITDA decreased by 8.6%. Adjusted FFO per diluted share was $0.16, a decrease from $0.21 in the prior year.

Pebblebrook Hotel Trust reported a net loss of $49.8 million for Q4 2024, but saw positive growth in Same-Property Total RevPAR by 1.8% and Adjusted FFO per diluted share by 5.0% compared to the previous year. The company's Q4 financial highlights exceeded midpoint outlooks, driven by higher Same-Property Total Revenues and Hotel EBITDA, and an unanticipated business interruption income.

Pebblebrook Hotel Trust reported a net income of $45.1 million for the third quarter of 2024. The company's Same-Property Total RevPAR grew by 2.7% compared to the same quarter in the previous year. However, Same-Property Hotel EBITDA decreased by 1.0%, and Adjusted EBITDAre was down by 3.3%. The results were impacted by Hurricanes Debby and Helene, which reduced Same-Property Total Revenues and Hotel EBITDA by $1.2 million.

Pebblebrook Hotel Trust reported a net income of $32.2 million for Q2 2024. Same-Property Total RevPAR increased by 2.5% compared to Q2 2023. The company's bottom-line operating results exceeded expectations due to operating efficiency initiatives and savings from real estate tax reductions.

Pebblebrook Hotel Trust reported a net loss of $27.5 million for Q1 2024. However, same-property RevPAR increased by 1.7% compared to Q1 2023, driven by a 4.9% increase in urban RevPAR, while resort RevPAR decreased by 4.4%. Adjusted EBITDAre remained flat at $60.8 million, and adjusted FFO per diluted share increased to $0.21 from $0.18 in Q1 2023. The company's strategic reinvestment program is nearing completion, with several redeveloped hotels showing positive results.

Pebblebrook Hotel Trust reported a net loss of $74.3 million for 2023. However, Q4 results surpassed expectations, driven by healthy urban demand, with Same-Property Total RevPAR increasing 5.7% vs. 2022. The company completed seven property sales in 2023, generating $331 million in gross proceeds to reduce debt and repurchase shares.

Pebblebrook Hotel Trust reported positive Same-Property Hotel EBITDA of $28.3 million in Q2 2021, a significant improvement driven by robust leisure demand and increasing business transient travel. The company also made progress in strategic acquisitions and dispositions, and maintained a strong liquidity position.

Pebblebrook Hotel Trust reported a net loss of $121.4 million for Q1 2021. However, hotel demand and booking trends accelerated throughout the quarter, with March Same-Property Hotel EBITDA turning positive. The company's total corporate cash burn declined in March, and they believe they could eliminate monthly cash burn in Q3.

Pebblebrook Hotel Trust reported its 2020 results, which were significantly impacted by the COVID-19 pandemic. The company focused on mitigating the pandemic's effects through cost reductions, strategic initiatives, and property dispositions. As of December 31, 2020, the company had approximately $127 million in cash on hand and $770 million in liquidity.

Pebblebrook Hotel Trust reported Q3 2020 results showing a steady but slow recovery in hotel demand leading to improved operating performance and a continuing reduction in hotel and corporate cash burn. The company's resort portfolio generated $12.6 million of Hotel EBITDA, with an occupancy of 51.3 percent and an ADR of $302.78.

Pebblebrook Hotel Trust sold the 125-room Union Station Hotel Nashville, Autograph Collection for $56.0 million. Proceeds will be used for general business purposes, including debt reduction.

Pebblebrook Hotel Trust reported a net income of $42.1 million for Q1 2020. The company faced significant challenges due to the COVID-19 pandemic, leading to temporary suspensions of operations at many of its hotels and resorts, and implemented cost-cutting measures to mitigate the impact.

Pebblebrook Hotel Trust reported a net income of $19.6 million for Q4 2019, with Same-Property Total RevPAR increasing by 2.8% year-over-year. The company completed significant hotel sales and operator/brand transitions, positioning for future growth despite concerns about the potential impact of the coronavirus on travel.