{"id":1015490,"date":"2026-10-29T19:37:04","date_gmt":"2026-10-29T23:37:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pebblebrook-hotel-trust-reports-third-quarter-2026-results\/"},"modified":"2026-10-29T19:37:04","modified_gmt":"2026-10-29T23:37:04","slug":"pebblebrook-hotel-trust-reports-third-quarter-2026-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pebblebrook-hotel-trust-reports-third-quarter-2026-results\/","title":{"rendered":"Pebblebrook Hotel Trust Reports Third Quarter 2026 Results"},"content":{"rendered":"

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Pebblebrook Hotel Trust Reports Third Quarter 2026 Results<\/b><\/p>\n

BETHESDA, Md.–(BUSINESS WIRE<\/a>)–
\nPebblebrook Hotel Trust (NYSE: PEB):<\/p>\n\n\n\n\n\n\n\n\n
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Q3<\/b><\/p>\n

F<\/b>INANCIAL<\/b><\/p>\n

R<\/b>ESULTS<\/b><\/p>\n<\/td>\n

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  • Net loss:<\/b> ($54.6) million.\n<\/li>\n
  • Same-Property Hotel EBITDA:<\/b> $115.2 million, a strong $10.7 million above the high end of the Company\u2019s outlook and 15.1% higher than Q3 2025.\n<\/li>\n
  • Adjusted EBITDAre<\/i>:<\/b> $107.9 million, $11.4 million above the high end of the outlook, and +8.7% year-over-year.\n<\/li>\n
  • Adjusted FFO per diluted share:<\/b> $0.63, $0.11 more than the high end of the outlook, and a robust +23.5% versus Q3 2025.\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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Q3 HOTEL<\/b><\/p>\n

O<\/b>PERATING<\/b><\/p>\n

RESULTS &<\/b><\/p>\n

T<\/b>RENDS<\/b><\/p>\n<\/td>\n

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  • Rate-Led Revenue Growth: <\/b>Same-Property RevPAR +8.3%, driven by ADR +7.0% and Occupancy +1.2%; Same-Property Total RevPAR +6.9%.\n<\/li>\n<\/ul>\n
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    • Momentum Beyond Summer Events:<\/b> Healthy business and leisure demand continued through September, with RevPAR growth reaccelerating well after the World Cup and America 250 events early in the quarter.\n<\/li>\n<\/ul>\n
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      • Broad-Based Resort and Urban Growth:<\/b> Resort RevPAR +8.4% and Urban RevPAR +8.3%; San Francisco +14.5%, Chicago +12.7%, Los Angeles +10.7%, Boston +10.6%, and Washington, DC +9.1%.\n<\/li>\n
      • Strong Operating Leverage and Flow-Through:<\/b> Same-Property Total Revenue +6.9% versus expense growth of just 4.0%, driving 58% EBITDA flow-through and 205 basis points of EBITDA margin expansion.\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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DISPOSITIONS,<\/b><\/p>\n

CAPITAL<\/b><\/p>\n

ALLOCATION,<\/b><\/p>\n

& BALANCE<\/b><\/p>\n

S<\/b>HEET<\/b><\/p>\n<\/td>\n

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  • Dispositions:<\/b> Sold The Hotel Zags Portland for $10.0 million after quarter-end, eliminating the hotel\u2019s drag on Hotel EBITDA and bringing 2026 property sales to $53.5 million.\n<\/li>\n<\/ul>\n
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    • Share repurchases: <\/b>Repurchased 1.2 million common shares for $20.9 million (average $18.12 per share) and 0.4 million preferred shares for $7.2 million at a 23% average discount to liquidation preference.\n<\/li>\n<\/ul>\n
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      • Capital investments:<\/b> 2026 outlook reduced to $60 to $70 million, primarily reflecting project timing.\n<\/li>\n<\/ul>\n
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        • Balance sheet:<\/b> Net debt\/TTM corporate EBITDA declined to 5.1x; cash and restricted cash totaled $298 million at September 30, which does not reflect disposition proceeds received after quarter-end.\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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2026<\/b><\/p>\n

O<\/b>UTLOOK<\/b><\/p>\n<\/td>\n

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