Loading...
•
Dec 31, 2019
Pebblebrook Q4 2019 Earnings Report
Pebblebrook's results exceeded expectations due to unexpected increases in hotel demand and strategic transformations.
Key Takeaways
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.
Net income was $19.6 million.
Same-Property Total RevPAR increased by 2.8% year-over-year, and RevPAR increased by 2.0% year-over-year.
Same-Property EBITDA was $109.0 million, a 1.4% increase year-over-year.
Adjusted FFO per diluted share was $0.54, a 63.6% increase year-over-year.
Forward Guidance
Pebblebrook Hotel Trust provided its 2020 outlook, which assumes $375.0 million in asset sales throughout the year. This outlook does not assume any additional impact from the coronavirus.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...