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Sep 30, 2020
Pebblebrook Q3 2020 Earnings Report
Pebblebrook Hotel Trust reported third quarter results with improved operating and financial performance each month, and reduced hotel and corporate cash burn.
Key Takeaways
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.
39 hotels and resorts currently open, which is approximately three-fourths of the Company’s portfolio.
Demand in the third quarter continued to increase from the second quarter’s all-time low, with healthy leisure business throughout the quarter and a modest post-Labor Day improvement in business travel
Monthly hotel portfolio cash burn is currently running at $5 to $8 million.
As of September 30, 2020, cash on hand of $217.0 million and liquidity of $570.2 million.
Revenue by Segment
Forward Guidance
The Company continues to be unable to provide an outlook due to the uncertainties caused by the COVID-19 pandemic. It intends to issue new guidance when it has more clarity on government restrictions, advances in health solutions, the economy, travel demand, and more predictable overall operating fundamentals and trends.
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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