Pebblebrook's (PEB) Same-Property Revenues Decline Y/Y in April [Yahoo! Finance]
Pebblebrook Hotel Trust Common Shares of Beneficial Interest (PEB)
Last pebblebrook hotel trust common shares of beneficial interest earnings: 2/20 04:06 pm
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Source: Yahoo! Finance
Its same-property expenses increased 2.5%. The overall performance in April was affected due to the calendar shifts of Easter and Passover, as well as moving out of several large conventions to other months. Shares of the company witnessed a 4.6% decline on the NYSE, following the announcement through the May 23 closing session. The company noted that for the overall portfolio, same-property revenue per available room (”RevPAR”) exhibited a year-over-year decline of 2.2%, mainly driven by a 3.4% decrease in average daily rate (”ADR”). Same-property occupancy increased by 0.9 percentage points. The rise was backed by the gains at its recently redeveloped resorts and strong performance in San Diego, Boston and Washington, D.C. Urban and Resort Properties' Update For PEB's urban portfolio, same-property occupancy improved 0.3 percentage points, while same-property ADR witnessed a decline of 2.2%. The urban market performance was led by San Diego, Boston and Washington D.C.
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PEB
Earnings
- 4/23/24 - In-Line
PEB
Sec Filings
- 6/14/24 - Form 8-K
- 6/12/24 - Form 4
- 5/31/24 - Form 4
- PEB's page on the SEC website