Loading...
•
Dec 31, 2020
Pebblebrook Q4 2020 Earnings Report
Reported 2020 results, highlighting the impact of cost reductions, strategic initiatives, and property dispositions amidst the challenging environment of the COVID-19 pandemic.
Key Takeaways
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.
Monthly cash burn at the Company’s hotels averaged in the range of $5 to $8 million.
Total monthly corporate cash burn averaged in the range of $16 to $21 million.
The company issued $500.0 million of convertible senior unsecured notes with a 1.75% coupon.
Net debt to depreciated book value at the end of Q4 2020 was 39%.
Revenue by Segment
Forward Guidance
Due to the uncertainties related to the pandemic, its impact on travel, and variable and unpredictable government restrictions, the Company is unable to provide an outlook for 2021 at this time. Based on January's preliminary results, and February’s results and trends, the Company anticipates Q1 2021 revenues will likely be roughly in-line with Q4 2020, with Same-Property Room Revenues currently estimated to decline 80% to 81% compared with Q1 2019.
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
Loading earnings performance data...
Loading earnings reaction data...