Brief: Pebblebrook Hotel Trust Q2 Adjusted FFO Per Share USD 0.65

Pebblebrook Hotel Trust

29/07/2025 21:06

Overview

Pebblebrook Hotel Trust reports Q2 net income $19.3 mln

Same-Property Hotel EBITDA exceeds company's outlook

Adjusted EBITDAre of $117 mln, driven in part by Newport Harbor Island Resort's performance

Adjusted FFO per share $0.65, surpassing company outlook midpoint

Outlook

Pebblebrook expects full-year net loss between $26.5 mln and $12.0 mln

Company projects Q3 net income between $4.0 mln and $11.0 mln

Pebblebrook sees full-year Adjusted EBITDAre of $332.5 to $347.5 mln

Company anticipates 2025 Adjusted FFO per share of $1.47 to $1.59

Result Drivers

SAN FRANCISCO DEMAND - Strong demand in San Francisco led to significant RevPAR growth, contributing to better-than-expected Same-Property Hotel EBITDA

NEWPORT REDEVELOPMENT - Newport Harbor Island Resort's comprehensive redevelopment and luxury transformation drove its outperformance

EFFICIENCY PROGRAMS - Strategic productivity and efficiency initiatives helped contain operating expenses, increasing only 1.7% year-over-year

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Room Revenues
$251.30 mln
Q2 Net Income
$19.30 mln
Q2 Adjusted FFO
$77.40 mln
Q2 Adjusted FFO Per Share
$0.65
Q2 Same Property EBITDA
$115.80 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for Pebblebrook Hotel Trust is $11.00, about 3.8% above its July 28 closing price of $10.58

Press Release: ID:nBw2hsMvCa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)