Pebblebrook's (PEB) Same-Property Revenues Improve in May [Yahoo! Finance]
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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
In May, the company witnessed same-property total revenue growth of 7.3% on a year-over-year basis. This was driven by a 7.8% rise in non-room revenues. Its same-property expenses per occupied room decreased 7.8%, or 2.7%, when excluding the positive impact of real estate tax reductions and credits compared to the prior year period. The solid performance in May is attributable to the favorable convention calendars and overall healthy demand trends, including increased occupancy across the portfolio over Memorial Day Weekend. The favorable convention calendars and positive overall business and leisure demand trends, including both group and transient, have benefited markets like San Diego, San Francisco, Chicago and Boston. Its recently redeveloped properties continued to ramp up well. The company noted that for the overall portfolio, same-property revenue per available room (“RevPAR”) exhibited a year-over-year increase of 6.9%, mainly driven by a 1.2% increase in average daily
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PEB
Earnings
- 4/23/24 - In-Line
PEB
Sec Filings
- 6/28/24 - Form 4
- 6/26/24 - Form 144
- 6/14/24 - Form 8-K
- PEB's page on the SEC website