Pebblebrook Hotel Trust (PEB) Tops Q2 EPS by 11c, provides outlook

Pebblebrook Hotel Trust (NYSE: PEB) reported Q2 EPS of $0.16, $0.11 better than the analyst estimate of $0.05. Revenue for the quarter came in at $397.11 million versus the consensus estimate of $396.11 million.

2024 Outlook:

Net loss: ($13.0) to ($4.0) million
Same-Property RevPAR(1) Growth Rate: +1.25% to +2.25% (midpoint down 125 bps)
Adjusted EBITDAre(1): $351.0 to $360.0 million (midpoint increased $9.0 million)
Adjusted FFO(1) per diluted share: $1.59 to $1.67 (midpoint increased $0.08)

For earnings history and earnings-related data on Pebblebrook Hotel Trust (PEB) click here.

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