Earnings ·
Pebblebrook Hotel Trust reported second quarter 2026 results with net income of $24.9 million and adjusted FFO per…
PEB-PHPebblebrook Hotel Trust
Pebblebrook Hotel Trust reported second quarter 2026 results with net income of $24.9 million and adjusted FFO per diluted share of $0.68, exceeding analyst expectations. Same-Property RevPAR increased 6.5%, driven by a 4.7% rise in average daily rate and 1.7% higher occupancy. The company sold the Chamberlain West Hollywood Hotel for $43.5 million, retiring preferred shares at a 23% discount to liquidation preference. On July 24, 2026, the board authorized a new $50.0 million preferred share repurchase program to commence after the current $100.0 million program concludes, with $45.6 million remaining available under that existing authorization. The company raised its full-year 2026 adjusted FFO per diluted share outlook to a range of $1.69 to $1.76. Pebblebrook Hotel Trust is a real estate investment trust that owns and operates urban and resort lifestyle hotels in the United States.