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Pebblebrook Hotel Trust Q3 EBITDA rises 15.1% on strong travel demand

By Reuters News


Overview

  • US hotel REIT's Q3 same-property hotel EBITDA rose 15.1% yr/yr on strong travel demand

  • Adjusted FFO per share for Q3 increased 23.5% yr/yr

  • Company sold Hotel Zags Portland after quarter-end and repurchased shares during Q3


Outlook

  • Pebblebrook raises 2026 Adjusted EBITDAre outlook to $363.3-$367.3 mln

  • Company now sees 2026 Adjusted FFO per diluted share at $1.88-$1.92

  • Pebblebrook expects Q4 Adjusted FFO per diluted share of $0.26-$0.30


Result Drivers

  • PRICING POWER - Company said higher average daily rates and strong transient demand supported broad-based RevPAR growth across its portfolio

  • EXPENSE CONTROL - Company attributed margin expansion and higher profitability to disciplined expense management and operating efficiency initiatives

  • RESORT AND URBAN HOTEL PERFORMANCE - Company said both resort and urban hotels posted strong RevPAR gains, with notable growth in San Francisco, Chicago, Los Angeles, and Boston


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Room Revenues

$258.30 mln

Q3 Net Loss

$54.60 mln

Q3 Adjusted FFO

$71.60 mln

Q3 Adjusted FFO Per Share

$0.63

Q3 Same Property EBITDA

$115.20 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 8 "hold" and 3 "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 $20.00, about 6.8% below its October 28 closing price of $21.47


Reuters Recommended Reads

  • Oct 27 - Hilton misses quarterly revenue estimates, warns of Mideast impact

  • Oct 27 - Hilton beats Q3 adjusted EPS estimates, net income rises

  • Oct 29 - Hyatt Hotels forecasts 2026 net income of $240 mln to $310 mln


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.)

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