Pebblebrook Hotel Trust — Third Quarter 2026 Earnings Summary

Pebblebrook Hotel Trust reported a net loss of $54.6 million for the third quarter of 2026, while Same-Property Hotel EBITDA rose 15.1% to $115.2 million, exceeding the high end of the company's outlook. The company achieved broad-based revenue growth with Same-Property RevPAR increasing 8.3%, driven by a 7.0% rise in average daily rates and strong demand in resort and urban markets. Following the sale of The Hotel Zags Portland for $10.0 million, the company repurchased 1.2 million common shares and 0.4 million preferred shares, reducing its net debt-to-EBITDA ratio to 5.1x. Consequently, Pebblebrook raised its full-year 2026 outlook, projecting Adjusted FFO per diluted share between $1.88 and $1.92 and Free Cash Flow between $146.0 million and $150.0 million.