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Jun 30, 2021
Pebblebrook Q2 2021 Earnings Report
Pebblebrook's performance improved significantly, driven by strong leisure demand and increasing business transient travel.
Key Takeaways
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.
Operating trends accelerated throughout Q2 and into July, driven by leisure demand and increasing business transient travel.
Achieved positive Same-Property Hotel EBITDA of $28.3 million in Q2, led by resorts and urban hotels.
Same-Property RevPAR rose sequentially by 111% from Q1 2021 to Q2 2021.
Total liquidity of $967.2 million as of June 30, 2021, including $323.0 million of cash on hand.
Revenue by Segment
Forward Guidance
Due to the uncertainties related to the COVID-19 pandemic, its impact on travel, and variable and unpredictable government restrictions, the Company is unable to provide an outlook for 2021 at this time. For Q3 2021, the Company expects both Same-Property Room Revenues and Total Revenues to be down between (38%) and (42%) compared to Q3 2019, much improved from Q1 2021 and Q2 2021
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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