{"id":986741,"date":"2026-07-29T16:58:36","date_gmt":"2026-07-29T20:58:36","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pebblebrook-hotel-trust-reports-second-quarter-2026-results\/"},"modified":"2026-07-29T16:58:36","modified_gmt":"2026-07-29T20:58:36","slug":"pebblebrook-hotel-trust-reports-second-quarter-2026-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pebblebrook-hotel-trust-reports-second-quarter-2026-results\/","title":{"rendered":"Pebblebrook Hotel Trust Reports Second Quarter 2026 Results"},"content":{"rendered":"

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

BETHESDA, Md.–(BUSINESS WIRE<\/a>)–Pebblebrook Hotel Trust (NYSE: PEB):\n<\/p>\n\n\n\n\n\n\n\n\n
Q2<\/b><\/p>\n

FINANCIAL<\/b><\/p>\n

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

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  • Net income:<\/b> $24.9 million.\n<\/li>\n
  • Same-Property Hotel EBITDA:<\/b> $123.3 million, $6.6 million above the high end of the Company\u2019s outlook and 7.1% higher than Q2 2025.\n<\/li>\n
  • Adjusted EBITDAre<\/i>:<\/b> $116.2 million, $6.2 million above the high end of the outlook.\n<\/li>\n
  • Adjusted FFO per diluted share:<\/b> $0.68, $0.06 over the high end of the outlook.\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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Q2 HOTEL<\/b><\/p>\n

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

TRENDS<\/b><\/p>\n<\/td>\n

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  • Healthy Business Transient and Leisure Demand with Improving Pricing Power: <\/b>Same-Property RevPAR +6.5%, driven by ADR +4.7% and Occupancy +1.7%; Same-Property Total RevPAR +4.7%.\n<\/li>\n
  • Resorts and San Francisco Led Q2 Growth:<\/b> Resort RevPAR +12.0%, Total RevPAR +10.9%, and Hotel EBITDA +18.5% on broad-based leisure transient and group demand and continued growth in out-of-room spend; San Francisco RevPAR +16.0% and Hotel EBITDA +24.6% on robust citywide convention activity and strong growth in business transient and leisure demand.\n<\/li>\n
  • Market Specific Headwinds: <\/b>Washington, DC RevPAR declined 9.9%, reflecting continued weakness in government-related demand, and RevPAR at the Company\u2019s four urban San Diego hotels declined 9.1%, as expected, due to a weaker convention calendar. Excluding the four San Diego hotels, Same-Property RevPAR increased 8.6% and Same-Property Total RevPAR grew 6.3%.\n<\/li>\n
  • Solid Expense Control and Flow-Through:<\/b> Same-Property Total Revenue grew 4.8% while Same-Property Total Expenses rose just 3.8%, driving a 7.1% increase in Same-Property Hotel EBITDA and 67 basis points of EBITDA margin expansion.\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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CAPITAL ALLOCATION & BALANCE<\/b><\/p>\n

SHEET<\/b><\/p>\n<\/td>\n

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  • Dispositions: <\/b>Sold the Chamberlain West Hollywood Hotel for $43.5 million; as partial consideration, the Company accepted Pebblebrook preferred shares at an agreed value of $26.1 million, retiring them at a 23% discount to their $33.7 million liquidation preference.\n<\/li>\n
  • Capital Investments:<\/b> $12.5 million in Q2; $65 to $75 million expected for 2026.\n<\/li>\n
  • Balance Sheet:<\/b> Net debt\/TTM corporate EBITDA declined to 5.3x; cash and restricted cash increased to $270 million at quarter end; weighted-average interest rate remained a sector-low 4.1%; the remaining $350 million of December 2026 maturing convertible notes are fully funded, with no other maturities until 2028.\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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2026<\/b><\/p>\n

OUTLOOK<\/b><\/p>\n<\/td>\n

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