Earnings summaries and quarterly performance for Pebblebrook Hotel Trust.
Executive leadership at Pebblebrook Hotel Trust.
Board of directors at Pebblebrook Hotel Trust.
Research analysts who have asked questions during Pebblebrook Hotel Trust earnings calls.
Duane Pfennigwerth
Evercore ISI
4 questions for PEB
Also covers: AAL, ALGT, ALK +18 more
GM
Gregory Miller
Truist Securities
4 questions for PEB
Also covers: HST, MCFT, OSW +2 more
AK
Aryeh Klein
BMO Capital Markets
3 questions for PEB
Also covers: APLE, CLDT, DLR +7 more
Chris Darling
Green Street
3 questions for PEB
Also covers: APLE, DRH, GLPI +6 more
Jay Kornreich
Wedbush Securities
3 questions for PEB
Also covers: APLE, BNL, EPRT +6 more
SR
Smedes Rose
Citigroup
3 questions for PEB
Also covers: ADC, DRH, EPR +16 more
DK
Dori Kesten
Wells Fargo & Company
2 questions for PEB
Also covers: APLE, BRX, DRH +14 more
MB
Michael Bellisario
Robert W. Baird & Co.
2 questions for PEB
Also covers: AHT, APLE, BHR +11 more
Ari Klein
BMO Capital Markets
1 question for PEB
Also covers: AMT, APLE, CCI +7 more
CC
Cooper Clark
Wells Fargo
1 question for PEB
Also covers: APLE, AVB, BRX +16 more
Daniel Hogan
Baird
1 question for PEB
Also covers: APLE, BHR, DRH +5 more
Floris Gerbrand van Dijkum
Compass Point Research & Trading, LLC
1 question for PEB
Also covers: AKR, ALX, APLE +14 more
Floris van Dijkum
Compass Point Research & Trading
1 question for PEB
Also covers: AKR, ALX, APLE +19 more
James Feldman
Wells Fargo
1 question for PEB
Also covers: AMH, ARE, AVB +16 more
Kenneth Billingsley
Compass Point Research & Trading LLC
1 question for PEB
Also covers: APLE, CURB, DRH +5 more
SK
Shaun Kelley
Bank of America Merrill Lynch
1 question for PEB
Also covers: BYD, CHDN, CHH +16 more
Recent press releases and 8-K filings for PEB.
Pebblebrook Hotel Trust Completes Hotel Sale and Updates 2025 Outlook
PEB
M&A
Guidance Update
- Pebblebrook Hotel Trust completed the sale of The Westin Michigan Avenue Chicago for $72.0 million on December 3, 2025.
- For the trailing twelve months ended September 30, 2025, the sold hotel generated $4.6 million in EBITDA and $2.5 million in Net Operating Income (NOI), which equates to a 15.6x EBITDA multiple and a 3.5% NOI capitalization rate.
- Following this sale and the previously announced sale of Montrose at Beverly Hills, Pebblebrook expects to have reduced its outstanding debt by $100 million and preferred securities by approximately $5 million, with an estimated net debt to trailing 12-month corporate EBITDA of approximately 5.9x.
- The company has updated its 2025 outlook, with full-year Adjusted FFO per diluted share expected to range from $1.50 to $1.57, and Q4 2025 Adjusted FFO per diluted share from $0.18 to $0.26. Pebblebrook anticipates no meaningful impact to Adjusted FFO, as lower interest expense from debt reduction is expected to offset the loss of hotel-level EBITDA.
Dec 4, 2025, 9:35 PM
Pebblebrook Hotel Trust Completes $72 Million Westin Chicago Sale
PEB
M&A
Share Buyback
Guidance Update
- Pebblebrook Hotel Trust completed the sale of the 752-room Westin Michigan Avenue Chicago for $72 million to local investor Ketu Amin.
- The proceeds from this sale are primarily earmarked for reducing debt and repurchasing common shares.
- This transaction, combined with a previous property sale, has enabled Pebblebrook to reduce its outstanding debt by approximately $100 million and preferred securities by about $5 million, bringing its net debt to trailing 12-month corporate EBITDA ratio to around 5.9x.
- The sale price reflects a 15.6x EBITDA multiple and a 3.5% net operating income capitalization rate, based on the hotel's trailing twelve-month EBITDA of $4.6 million and NOI of $2.5 million.
- Pebblebrook's fourth-quarter and full-year 2025 earnings outlook remains largely unchanged, as the loss of hotel-level EBITDA is expected to be fully offset by reduced interest expenses.
Dec 4, 2025, 3:04 PM
Pebblebrook Hotel Trust Completes Sale of Montrose at Beverly Hills
PEB
M&A
New Projects/Investments
Guidance Update
- Pebblebrook Hotel Trust completed the sale of the 133-room Montrose at Beverly Hills for $44.25 million on November 19, 2025.
- Based on the hotel's trailing twelve-month financial performance ended September 30, 2025, the sale price equates to an EBITDA multiple of 16.1x and a net operating income capitalization rate of 5.2%.
- The Company expects to use the sale proceeds for general corporate purposes, including reducing outstanding debt, repurchasing shares, and supporting other capital allocation priorities.
- This transaction is not expected to affect Pebblebrook's current fourth-quarter or full-year 2025 Outlook.
- Pebblebrook also has one other hotel under contract for a sales price of $72.0 million, which is expected to close during the fourth quarter of 2025.
Nov 20, 2025, 9:14 PM
Pebblebrook Hotel Trust Completes Montrose Beverly Hills Sale
PEB
M&A
Debt Issuance
Share Buyback
- Pebblebrook Hotel Trust completed the sale of the 133-room Montrose at Beverly Hills for $44.25 million.
- The proceeds from this sale are intended for reducing debt and repurchasing shares.
- The sale price reflects an EBITDA multiple of 16.1x and a net operating income capitalization rate of 5.2%, based on the hotel's trailing twelve-month financials through September 2025.
- This transaction is not expected to impact the company's fourth-quarter or full-year 2025 outlook.
- Additionally, Pebblebrook has another hotel under contract for sale at $72 million, anticipated to close in the fourth quarter.
Nov 20, 2025, 5:41 PM
Pebblebrook Reports Mixed Q3 2025 Performance and Cautious Q4 Outlook, Optimistic for 2026
PEB
Earnings
Guidance Update
Demand Weakening
- Q3 2025 performance was mixed: The resort portfolio saw total RevPAR increase by 0.7%, with Newport Harbor Island Resort's RevPAR jumping 29%. In contrast, urban markets faced challenges, with Washington, D.C. and Los Angeles RevPAR declining 16.4% and 10.4% respectively, accounting for $7 million of the $7.9 million year-over-year decline in same property hotel EBITDA.
- Expense management remained strong: Same property hotel expenses before fixed costs increased by only 0.4% year-over-year in Q3 2025, demonstrating effective cost control.
- Q4 2025 guidance reflects caution: The company projects Q4 same property RevPAR to range between -1.25% and 2%, and total RevPAR between -1.25% and 2.7%, citing macroeconomic uncertainty and the government shutdown as headwinds.
- Optimistic outlook for 2026: Pebblebrook anticipates a positive trajectory for 2026, driven by favorable fundamentals, low new supply, a more advantageous holiday calendar, and significant events. As of October 1, 2026, group room nights were up 4.1% and total revenue pace was up 6.1% or $9 million year-over-year.
Nov 6, 2025, 4:00 PM
Pebblebrook Hotel Trust Reports Q3 2025 Results and Updates 2025 Outlook
PEB
Earnings
Guidance Update
Share Buyback
- Pebblebrook Hotel Trust reported a net loss of ($32.4) million and Adjusted FFO per diluted share of $0.51 for the third quarter of 2025.
- The company completed a $400 million private offering of 1.625% Convertible Notes due 2030 to retire an equal amount of 1.75% Convertible Notes due 2026, which enhanced liquidity and extended maturities.
- As of September 30, 2025, PEB held $232 million in cash and restricted cash, and its debt carried a 4.1% weighted-average interest rate.
- The Board of Trustees approved a new $150 million common share repurchase program on October 21, 2025, and the company repurchased approximately 4.3 million common shares at $11.56/share during Q3 2025.
- For the full year 2025, the company anticipates an Adjusted FFO per diluted share between $1.50 and $1.57.
Nov 5, 2025, 9:17 PM
Pebblebrook Hotel Trust Reports Third Quarter 2025 Results and Updates 2025 Outlook
PEB
Earnings
Guidance Update
Debt Issuance
- Pebblebrook Hotel Trust reported a net loss of ($32.4) million and Adjusted FFO per diluted share of $0.51 for the third quarter of 2025.
- Same-Property Total RevPAR decreased 1.5% in Q3 2025 compared to Q3 2024, with occupancy increasing by nearly 190 basis points and ADR declining 5.4%. San Francisco achieved 8.3% RevPAR growth, and Chicago increased 2.3%.
- The company completed a $400 million private offering of 1.625% Convertible Notes due 2030 to retire an equal amount of 1.75% Convertible Notes due 2026, and repurchased approximately 4.3 million common shares at $11.56/share. A new $150 million common share repurchase program was approved on October 21, 2025.
- The 2025 outlook was updated, projecting a net loss of ($67.5) to ($58.5) million and Adjusted FFO per diluted share of $1.50 to $1.57, with modest reductions to some midpoints primarily due to the federal government shutdown.
Nov 5, 2025, 9:06 PM
Pebblebrook Hotel Trust Prices and Closes $400 Million Convertible Senior Notes Offering
PEB
Debt Issuance
Share Buyback
- Pebblebrook Hotel Trust priced and closed a private offering of $400,000,000 aggregate principal amount of its 1.625% Convertible Senior Notes due 2030 on September 18, 2025, which included the full exercise of the initial purchasers' over-allotment option.
- The net proceeds from the offering, approximately $389.7 million, along with $4.1 million of cash on hand, will be used to repurchase approximately $400.0 million aggregate principal amount of its outstanding 1.75% Convertible Senior Notes due 2026.
- The new Notes mature on January 15, 2030, and have an initial conversion rate equivalent to $15.89 per common share, representing a 37.5% conversion premium based on the $11.56 closing price on September 16, 2025.
- Concurrently with the pricing of the Notes, the Company entered into privately negotiated capped call transactions with an initial cap price of $20.23 and repurchased approximately 4.3 million Common Shares at $11.56 per share.
Sep 22, 2025, 8:26 PM
Pebblebrook Hotel Trust Reports Strong Q4 and Full-Year 2024 Results, Outlines 2025 Outlook
PEB
Earnings
Guidance Update
New Projects/Investments
- Pebblebrook Hotel Trust reported strong Q4 2024 results, with Same-Property Total RevPAR increasing 1.8% and Adjusted EBITDA reaching $62.7 million. For the full year 2024, Adjusted EBITDA rose 0.8% to $359.2 million, exceeding the midpoint of their outlook by $11.2 million, and Adjusted FFO per diluted share grew 5% to $1.68.
- The company significantly strengthened its balance sheet in 2024, reducing net debt to EBITDA to 5.8x from 6.5x in 2023 and ending the year with $217.6 million in cash.
- For 2025, capital investments are projected at $65 million-$75 million. However, the LA wildfires are expected to negatively impact full-year rooms revenue by $9 million-$12 million and total revenue by $12 million-$16 million, leading to a $9 million reduction in hotel EBITDA.
- Redeveloped properties completed in 2023 delivered strong results, with Q4 occupancy rising 4.7 percentage points and RevPAR increasing 3.8%, contributing to full-year EBITDA growth exceeding 20%. San Francisco is expected to be a strong urban market in 2025 with mid to high single-digit RevPAR growth, while LaPlaya's 2025 hotel EBITDA (including BI proceeds) is projected at $30 million-$32 million, below its stabilized level.
Feb 27, 2025, 2:00 PM
Pebblebrook Hotel Trust Reports Strong Q4 and Full-Year 2024 Results, Outlines 2025 Outlook
PEB
Earnings
Guidance Update
Debt Issuance
- Pebblebrook Hotel Trust (PEB) reported strong Q4 and full-year 2024 results, with full-year Adjusted EBITDA rising 0.8% to $359.2 million and Adjusted FFO per diluted share growing 5% to $1.68, both exceeding outlook midpoints.
- The company significantly strengthened its balance sheet in 2024, reducing net debt to EBITDA to 5.8x from 6.5x and ending the year with $217.6 million in cash.
- For 2025, capital investments are projected at $65-$75 million following the completion of a multi-year $525 million redevelopment program.
- The 2025 outlook is impacted by an estimated $9 million-$12 million reduction in full-year rooms revenue due to LA wildfires, but the company anticipates strong performance from resorts and recovery in urban markets like San Francisco and D.C..
- Management is confident in addressing the $750 million convertible note due December 2026, citing significant free cash flow generation (over $100 million annually for the next two years) and a $650 million unused line of credit.
Feb 27, 2025, 2:00 PM
Quarterly earnings call transcripts for Pebblebrook Hotel Trust.
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