Earnings Releases·Oct 29, 2026, 4:30 PM ET

Pebblebrook Hotel Trust — Third Quarter 2026 Earnings Summary

Reported a net loss of $54.6 million for Q3 2026 versus $32.4 million in Q3 2025, while Same-Property Hotel EBITDA rose 15.1% year-over-year to $115.2 million and Adjusted FFO per diluted share increased 23.5% to $0.63.
Raised full-year 2026 guidance across all key metrics, including Adjusted EBITDAre ($363.3–$367.3 million), Adjusted FFO per share ($1.88–$1.92), and Free Cash Flow ($146.0–$150.0 million), driven by resilient demand and limited new supply.
Executed capital return and balance sheet optimization strategies, repurchasing $28.1 million in equity (1.2 million common and 0.4 million preferred shares) and selling The Hotel Zags Portland for $10.0 million to eliminate negative EBITDA drag.
Net debt to trailing 12-month corporate EBITDA declined to 5.1x, cash and restricted cash totaled $298 million, and the company increased its estimated net asset value per common share by $1.00 to a range of $23.50–$27.50.