Pebblebrook Hotel ( (PEB) ) has released its Q3 earnings. Here is a breakdown of the information Pebblebrook Hotel presented to its investors.
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Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) and the largest owner of urban and resort lifestyle hotels and resorts in the United States, managing a portfolio of 46 hotels across 13 markets.
In its third-quarter 2025 earnings report, Pebblebrook Hotel Trust reported a net loss of $32.4 million, with Same-Property Hotel EBITDA at $105.4 million, aligning with the company’s outlook. The company also completed a $400 million convertible notes offering, enhancing liquidity and lowering borrowing costs.
Key financial metrics included an Adjusted EBITDAre of $99.2 million, exceeding expectations by $2.2 million, and an Adjusted FFO per diluted share of $0.51, surpassing the midpoint of the company’s outlook. Despite a 1.5% decrease in Same-Property Total RevPAR compared to the previous year, San Francisco and Chicago markets showed strong RevPAR growth. Operating expenses were well-controlled, increasing only 0.4% before fixed costs.
Pebblebrook’s strategic initiatives included capital investments of $14.2 million in Q3 and a focus on operational efficiency, which helped mitigate challenging market conditions. The company also repurchased common shares and preferred equity securities, emphasizing its commitment to enhancing shareholder value.
Looking forward, Pebblebrook’s management remains cautiously optimistic about 2026, anticipating renewed growth driven by a robust event calendar and improving market conditions, despite making modest adjustments to its 2025 outlook due to temporary impacts from the federal government shutdown.