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
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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
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News
- Pebblebrook Hotel Trust Declares Dividends for Fourth Quarter 2024Business Wire
- Curator Hotel & Resort Collection Welcomes Chic Atlantic Beach Resort to Its Growing Portfolio [Yahoo! Finance Canada]Yahoo! Finance Canada
- Curator Hotel & Resort Collection Welcomes Chic Atlantic Beach Resort to Its Growing Portfolio [Yahoo! Finance]Yahoo! Finance
- Pebblebrook Hotel Trust (NYSE: PEB) had its price target raised by analysts at Wells Fargo & Company from $14.00 to $16.00. They now have an "equal weight" rating on the stock.MarketBeat
- Pebblebrook Hotel Trust (NYSE: PEB) had its price target raised by analysts at Wells Fargo & Company from $13.00 to $14.00. They now have an "equal weight" rating on the stock.MarketBeat
PEB
Earnings
- 11/7/24 - Beat
PEB
Sec Filings
- 12/16/24 - Form 8-K
- 11/21/24 - Form 4
- 11/18/24 - Form 4
- PEB's page on the SEC website