Earnings ·
Reports Q3 net loss of ($54.6M), raises full-year Adjusted EBITDA outlook to $363.3-$367.3 million
PEBPebblebrook Hotel Trust
Pebblebrook Hotel Trust reported a third-quarter net loss of $54.6 million, driven by $77.3 million in non-cash impairment charges related to strategic dispositions. Despite the GAAP loss, core operating metrics exceeded expectations: Same-Property Hotel EBITDA rose 15.1% year-over-year to $115.2 million, and Adjusted FFO per diluted share increased 23.5% to $0.63. The company raised its full-year 2026 outlook for Adjusted EBITDAre to a midpoint of $365.3 million and Adjusted FFO per share to $1.90, citing resilient travel demand and strong pricing power in urban and resort markets. Additionally, the firm sold The Hotel Zags Portland for $10.0 million and repurchased 1.2 million common shares for $20.9 million during the quarter. Pebblebrook Hotel Trust is a publicly traded real estate investment trust that owns and operates upscale hotels and resorts across the United States.