Pebblebrook Hotel Trust Q1 net loss narrows

Pebblebrook Hotel Trust

28/04/2026 21:42

Overview

U.S. hotel REIT's Q1 same-property hotel EBITDA rose 28% on strong urban and resort demand

Adjusted FFO per share doubled year-over-year; revenue growth outpaced expenses, expanding margins

Company completed Los Angeles hotel rebranding and invested $11.9 mln in capital improvements

Outlook

Pebblebrook raises 2026 Adjusted EBITDAre outlook to $336 mln-$348 mln, midpoint up $10 mln

Company now sees 2026 Adjusted FFO per diluted share at $1.60-$1.70, midpoint up $0.09

Pebblebrook says visibility has shortened and macroeconomic risks have increased for the rest of 2026

Result Drivers

URBAN AND RESORT DEMAND - Co said strong demand across urban and resort markets, especially in San Francisco and Los Angeles, drove results

MARGIN EXPANSION - Revenue growth outpaced expense growth, expanding hotel EBITDA margins by 327 basis points, per co

OPERATING INITIATIVES - Co attributed improved profitability to strategic operating efficiencies and disciplined expense management

Company press release: ID:nBw11g5Wja

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Room Revenues
$214.50 mln
Q1 Net Loss
-$18.40 mln
Q1 Adjusted FFO
$37 mln
Q1 Adjusted FFO Per Share
$0.32
Q1 Same Property Hotel EBITDA
$82.2mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 8 "hold" and 4 "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 $13.00, about 8.2% below its April 27 closing price of $14.16

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)