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Stock impact report

Pebblebrook Hotel Trust Reports Third Quarter 2024 Results

Pebblebrook Hotel Trust Common Shares of Beneficial Interest (PEB) 
Last pebblebrook hotel trust common shares of beneficial interest earnings: 2/20 04:06 pm Check Earnings Report
US:NYSE Investor Relations: investor.pebblebrookhotels.com
Company Research Source: Business Wire
BETHESDA, Md.--(BUSINESS WIRE)--Pebblebrook Hotel Trust (NYSE: PEB):Q3 FINANCIAL HIGHLIGHTSNet income: $45.1 millionSame-Property Total RevPAR Growth: Increased 2.7% vs. Q3 2023, with urban properties improving 2.7% and resort properties growing 2.5%Same-Property Hotel EBITDA: $110.8 million, down $1.1 million, or 1.0%, vs. Q3 2023Adjusted EBITDAre: $112.2 million, down $3.8 million, or 3.3%, vs. Q3 2023Adjusted FFO per diluted share: $0.59, decreasing 3.3% from Q3 2023Unexpected Insurance Proceeds: Adjusted EBITDAre and FFO include $7.1 million from business interruption insurance proceeds, which were not included in the Company’s prior outlook  HOTEL OPERATING TRENDSIncreased Urban and Resort Occupancies in Q3: Urban Same-Property Occupancy rose 3.7%, driven by strong performance in Chicago, San Diego, Boston and Portland. Resort Same-Property Occupancy saw a robust 5.9% increase, bolstered by higher weekday business group demand and improving weekend leisure travel.Reduced Q3 P Show less Read more
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