Want to see PEB full AI Analyst Report?
Top Page
Pebblebrook Hotel
(NYSE:PEB)
Select Model
Select Model
Rating:65Neutral
Price Target:
$20.50
â–²(11.59% Upside)
Action:Reiterated
Date:10/10/26
The score is driven by constructive technical momentum and a notably positive earnings-call setup with raised guidance and improving operating metrics. Offsetting factors are only mid-level financial quality due to persistent net losses and recently weakening TTM free cash flow, while valuation is supported by the high dividend yield but capped by the negative P/E.
Positive Factors
Raised Operating Outlook
The upgraded outlook indicates improving demand and operating execution across the portfolio. Higher expected RevPAR and EBITDA growth can support stronger recurring cash earnings over the next several quarters, while the raised adjusted FFO outlook provides evidence that management sees the improvement as durable.
Negative Factors
Persistent Net Losses
Recurring net losses and negative returns on equity show that positive hotel-level operating profit is not yet translating into durable bottom-line profitability. Depreciation, interest, or other costs continue to absorb earnings, limiting retained capital and weakening long-term financial efficiency.
Read all positive and negative factors
Positive Factors
Negative Factors
Raised Operating Outlook
The upgraded outlook indicates improving demand and operating execution across the portfolio. Higher expected RevPAR and EBITDA growth can support stronger recurring cash earnings over the next several quarters, while the raised adjusted FFO outlook provides evidence that management sees the improvement as durable.
Read all positive factors
Pebblebrook Hotel (PEB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.16B
Dividend Yield0.21%
Average Volume (3M)2.26M
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue Growth2.08%
EPS Growth-25.62%
CountryUS
Employees52
SectorReal Estate
Sector Strength53
IndustryREIT - Hotel & Motel
Share Statistics
EPS (TTM)-0.67
Shares Outstanding112,842,710
10 Day Avg. Volume2,270,869
30 Day Avg. Volume2,259,311
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)0.54
Price to Sales (P/S)0.90
P/FCF Ratio8.70
Enterprise Value/Market Cap2.21
Enterprise Value/Revenue3.17
Enterprise Value/Gross Profit17.61
Enterprise Value/Ebitda16.78
Forecast
1Y Price Target
$19.02Price Target Upside3.54% Upside
Rating ConsensusHold
Number of Analyst Covering12
EPS Forecast (FY)-0.3
Revenue Forecast (FY)$1.49B
Pebblebrook Hotel Business Overview & Revenue Model
Company Description
Pebblebrook Hotel Trust, identified by its NYSE ticker PEB, operates as a publicly listed real estate investment trust (REIT) and stands as the foremost proprietor of urban and resort lifestyle hotels throughout the United States. Its substantial ...
How the Company Makes Money
Pebblebrook Hotel Trust makes money primarily by owning hotel real estate and earning hotel-level operating income from those properties. Its core revenue streams come from (1) rooms revenue (guest room nightly rates, often measured via occupancy ...
Pebblebrook Hotel Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call emphasized strong operational execution, material beat versus guidance, significant resort and key market recoveries (notably San Francisco), disciplined capital allocation and upgraded full-year guidance. Offsetting these positives were urban-market volatility (San Diego, Washington, D.C.), softer group/banquet revenues in select cities, modest net benefit from event-driven demand (World Cup), and ongoing macro/geopolitical uncertainties. On balance, the company showcased meaningful margin expansion, cash flow improvement and balance sheet progress while acknowledging localized challenges and external risks.Positive Updates
Outperformance vs. Guidance
Exceeded the high end of outlook across every key earnings metric for the second consecutive quarter: same-property hotel EBITDA $123.3M (+7.1%, $6.6M above high end), adjusted EBITDA $116.2M ($6.2M above high end) and adjusted FFO per diluted share $0.68 (+$0.06 above high end).
Negative Updates
Weakness in Select Urban Markets
Downtown San Diego RevPAR -9.1% (difficult citywide comp); Washington, D.C. RevPAR -9.9% amid weak government-related travel and property leadership transitions. Overall urban total RevPAR only +0.8% and urban hotel EBITDA declined ~1%.
Read all updates
Q2-2026 Updates
Positive
Negative
Outperformance vs. Guidance
Exceeded the high end of outlook across every key earnings metric for the second consecutive quarter: same-property hotel EBITDA $123.3M (+7.1%, $6.6M above high end), adjusted EBITDA $116.2M ($6.2M above high end) and adjusted FFO per diluted share $0.68 (+$0.06 above high end).
Read all positive updates
Company Guidance
Management raised its outlook and gave specific near‑term and full‑year guidance: industry RevPAR is now pegged at 3.5%–4.5%; Q3 same‑property RevPAR guidance is 1%–3% with same‑property hotel EBITDA of $100.5M–$104.5M, adjusted EBITDA of $92.5M–$96.5M and adjusted FFO per diluted share of $0.48–$0.52 (July RevPAR was pacing +7%–8% through July 25); for the full year they raised same‑property RevPAR to 4.5%–5.5%, same‑property EBITDA growth to 8.2%–10.5% (midpoint 9.3%) and adjusted FFO to $1.69–$1.76 per diluted share (with a similar increase to free cash flow); management noted room revenues were pacing +5.5% ($10.7M) as of June 30 (≈80% transient / 20% group) and that, if second‑half pickup matches last year, H2 RevPAR would be roughly +2.4%.Pebblebrook Hotel Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
52
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.50B | 1.48B | 1.45B | 1.42B | 1.39B | 733.04M |
| Gross Profit | 270.43M | -98.73M | 366.12M | 354.27M | 382.28M | 124.79M |
| EBITDA | 283.76M | 275.05M | 306.40M | 274.58M | 238.40M | 124.83M |
| Net Income | -46.62M | -65.81M | -4.24M | -78.02M | -87.17M | -184.86M |
Balance Sheet | ||||||
| Total Assets | 5.28B | 5.35B | 5.69B | 5.82B | 6.13B | 6.26B |
| Cash, Cash Equivalents and Short-Term Investments | 261.01M | 184.19M | 206.65M | 183.75M | 41.04M | 58.52M |
| Total Debt | 2.46B | 2.46B | 2.57B | 2.64B | 2.71B | 2.76B |
| Total Liabilities | 2.77B | 2.79B | 2.91B | 2.97B | 3.05B | 3.10B |
| Stockholders Equity | 2.42B | 2.47B | 2.70B | 2.76B | 3.00B | 3.16B |
Cash Flow | ||||||
| Free Cash Flow | 228.14M | 152.33M | 275.00M | 236.20M | 162.00M | -13.06M |
| Operating Cash Flow | 279.22M | 249.73M | 275.00M | 236.20M | 278.75M | 70.77M |
| Investing Cash Flow | 52.45M | 10.32M | -92.83M | 142.02M | -109.39M | -81.57M |
| Financing Cash Flow | -328.39M | -281.44M | -158.22M | -236.85M | -209.34M | -33.25M |
Pebblebrook Hotel Technical Analysis
Positive
18.37
Price Trends
18.37
Positive
18.15
Positive
15.46
Positive
Market Momentum
0.24
Negative
62.99
Neutral
63.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PEB, the sentiment is Positive. The current price of 18.37 is below the 20-day moving average (MA) of 18.59, below the 50-day MA of 18.37, and above the 200-day MA of 15.46, indicating a bullish trend. The MACD of 0.24 indicates Negative momentum. The RSI at 62.99 is Neutral, neither overbought nor oversold. The STOCH value of 63.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PEB.
Pebblebrook Hotel Risk Analysis
Pebblebrook Hotel disclosed 75 risk factors in its most recent earnings report. Pebblebrook Hotel reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Pebblebrook Hotel Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $2.59B | 17.27 | 10.27% | 3.57% | 1.03% | 159.56% | |
70 Outperform | $15.52B | 15.41 | 15.54% | 7.37% | 4.93% | 58.04% | |
66 Neutral | $3.05B | -18.51 | -5.14% | 6.59% | -1.36% | -405.10% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | $2.16B | -28.54 | -1.90% | 0.21% | 2.08% | -25.62% | |
64 Neutral | $2.10B | 45.86 | 2.76% | 3.18% | 7.28% | 945.58% | |
60 Neutral | $1.66B | -240.91 | -0.62% | 3.11% | 1.65% | -112.43% |
* Real Estate Sector Average
PEB
Pebblebrook Hotel
19.21
8.94
87.03%
DRH
Diamondrock
12.78
5.46
74.61%
SHO
Sunstone Hotel
11.44
2.79
32.18%
HST
Host Hotels & Resorts
22.74
7.68
50.98%
XHR
Xenia Hotels & Resorts
18.10
5.82
47.43%
PK
Park Hotels & Resorts
15.17
5.21
52.31%
Pebblebrook Hotel Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Pebblebrook Hotel Trust Divests Underperforming Portland Property
Positive
Oct 9, 2026
Pebblebrook Hotel Trust reported on October 9, 2026, that it had completed the sale of The Hotel Zags, a 174-room property in Portland, Oregon, on October 8, 2026, for $10 million to a third-party buyer. The hotel had generated an estimated traili...
Executive/Board Changes
Pebblebrook Hotel Trust adds independent trustee to board
Positive
Oct 1, 2026
On October 1, 2026, Pebblebrook Hotel Trust expanded its Board of Trustees from seven to eight members and announced that Bill Bayless had joined the board, following his election in February 2026. Bayless, CEO of Maslow Campus Communities and co&...
Business Operations and StrategyDividends
Pebblebrook Hotel Trust Declares Q3 2026 Dividends
Positive
Sep 15, 2026
Pebblebrook Hotel Trust is a publicly traded real estate investment trust and the largest owner of urban and resort lifestyle hotels in the United States. The company owns 43 hotels with about 10,900 guest rooms across 14 urban and resort markets,...
Business Operations and StrategyFinancial Disclosures
Pebblebrook Hotel Trust Schedules Upcoming Q3 2026 Results
Neutral
Sep 11, 2026
Pebblebrook Hotel Trust announced on September 11, 2026, that it will release its financial and operating results for the quarter ended September 30, 2026, after markets close on October 29, 2026. The company will follow this with a quarterly earn...
Business Operations and StrategyStock BuybackFinancial Disclosures
Pebblebrook Hotel Trust Launches New Preferred Buyback Program
Positive
Jul 29, 2026
On July 24, 2026, Pebblebrook Hotel Trust’s board authorized a new preferred share repurchase program of up to $50 million, to begin once the existing $100 million program from February 2023 is completed, with $45.6 million still available. ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.