Pebblebrook Hotel Trust

Pebblebrook Hotel Trust Reports Third Quarter 2026 Results

Pebblebrook reported Q3 2026 Adjusted FFO of $0.63 per diluted share, +23.5% YoY and $0.11 above the high end of its outlook, with Same-Property Hotel EBITDA of $115.2 million, up 15.1%. Same-Property RevPAR rose 8.3% on ADR gains of 7.0%, and the company raised its 2026 outlook for the third consecutive quarter — Adjusted EBITDAre midpoint up $16.3 million and AFFO/share midpoint up $0.17 to $1.88-$1.92. GAAP net loss widened to $54.6 million on $77.3 million of non-cash impairments tied to dispositions, while the company sold The Hotel Zags Portland for $10.0 million, repurchased $20.9 million of common and $7.2 million of preferred shares, and cut net debt/EBITDA to 5.1x. Management raised its NAV estimate by $1.00 to $23.50-$27.50 per share and cited 2027 convention calendars in San Diego and Boston plus the LA Super Bowl as further upside drivers.

•10d ago

Pebblebrook Hotel Trust Completes $10.0 Million Sale of The Hotel Zags

Pebblebrook Hotel Trust completed the $10.0 million sale of The Hotel Zags, a 174-room Portland hotel, on October 8, 2026. The hotel was a drag on earnings, posting a trailing twelve-month net operating loss of $0.8 million and negative $0.6 million of hotel EBITDA. Proceeds go to general corporate purposes, including potential share repurchases; the sale does not change the company's current Q3 2026 outlook.

•0mo ago

Pebblebrook Hotel Trust Reports Second Quarter 2026 Results

Pebblebrook Hotel Trust reported Q2 net income of $24.9 million, with Same-Property Hotel EBITDA of $123.3 million exceeding the high end of the company's outlook by $6.6 million. Same-Property RevPAR increased 6.5% year-over-year, driven by a 4.7% rise in ADR and healthy demand in resorts and key urban markets like San Francisco. The company raised its full-year 2026 outlook for Adjusted FFO per share to $1.69-$1.76 and strengthened its balance sheet, reducing net debt to EBITDA to 5.3x.

•3mo ago

Curator Hotel & Resort Collection Announces Strategic Partnership with Canary Technologies to Bring AI-Powered Guest Management Tools to Independent Lifestyle Hotels

Pebblebrook Hotel Trust is leveraging its role as a founding sponsor of Curator Hotel & Resort Collection to integrate Canary Technologies' AI-powered guest management platform across its portfolio. The partnership aims to improve guest experience, increase hotel-level productivity, and enhance operating efficiency through tools like AI voice, messaging, and digital check-in. Pebblebrook owns 43 hotels with approximately 11,000 guest rooms, making it the largest owner of urban and resort lifestyle hotels in the US.

•4mo ago

Pebblebrook Hotel Trust Completes $43.5 Million Sale of Chamberlain West Hollywood Hotel

Pebblebrook Hotel Trust completed the sale of the Chamberlain West Hollywood Hotel for $43.5 million, achieving a 14.5x EBITDA multiple and 5.9% NOI cap rate. The company accepted $33.7 million in liquidation preference of its own preferred shares as partial consideration, valuing them at $26.1 million to retire them at a 23% discount. Pebblebrook updated its 2026 outlook, projecting Adjusted FFO per diluted share of $1.60-$1.70 for the full year and $0.58-$0.62 for Q2, reflecting the removal of the sold property from same-property metrics.

•5mo ago

Pebblebrook Hotel Trust Reports First Quarter 2026 Results

Pebblebrook Hotel Trust delivered strong Q1 results with Same-Property Hotel EBITDA growing 27.6% year-over-year to $82.2 million and Adjusted FFO per share doubling to $0.32, significantly exceeding company outlooks. Driven by broad-based demand strength and disciplined expense management, the company raised its full-year 2026 guidance, with Adjusted EBITDAre now expected between $336.0 million and $348.0 million and Adjusted FFO per share between $1.60 and $1.70. The balance sheet strengthened further, with net debt to trailing 12-month corporate EBITDA improving to 5.5x, and the company continued its share repurchase program, buying back 0.4 million shares in the quarter.

•6mo ago