Pebblebrook Hotel Trust (PEB) Reports In-Line Q3 EPS, Revenues Miss

Pebblebrook Hotel Trust Reports Third Quarter 2018 Results

November 1, 2018 4:06 PM EDT

Special Meeting to Approve Merger with LaSalle Scheduled for November 27, 2018

Merger with LaSalle Expected to Close on November 30, 2018

BETHESDA, Md.--(BUSINESS WIRE)-- Pebblebrook Hotel Trust (NYSE: PEB) (the Company) today reported results for the third quarter ended September 30, 2018. The Companys results include the following:

Third Quarter

Nine Months Ended
September 30,

2018 2017 2018 2017 ($ in millions except per share and RevPAR data) Net income (loss) $29.9 $30.6 $112.7 $88.3 Same-Property Total RevPAR(1) $321.65 $317.00 $311.88 $305.40 Same-Property Total RevPAR growth rate 1.5% 2.1% Same-Property RevPAR(1) $231.94 $229.68 $216.97 $214.46 Same-Property RevPAR growth rate... More