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Pebblebrook Hotel (PEB)
NYSE:PEB
Earnings Data
Report Date
Apr 28, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.34Last Year’s EPS
-0.37Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive tone driven by better-than-expected Q4 operating results, meaningful FFO and EBITDA improvements, strong recovery in key markets (notably San Francisco) and successful capital allocation actions (dispositions, repurchases, refinancing) that materially bolster liquidity and lower interest costs. The team acknowledged localized and transitory headwinds — government shutdown impacts, market-specific disruptions (L.A., D.C.), ADR pressure and weather volatility — and provided conservative but constructive 2026 guidance with early-year momentum. Overall, the highlights (operational outperformance, redevelopment upside, balance sheet actions) outweigh the lowlights, supporting an optimistic view for 2026 while recognizing policy and weather risks.Company Guidance
Stronger-than-expected Q4 Operating Performance
Same-property total RevPAR +2.9% in Q4; same-property hotel EBITDA +3.9% to $64.6M (about $2.2M above midpoint); adjusted EBITDA +11.1% to $69.7M (~$6M above midpoint).
Material FFO per Share Improvement
Adjusted FFO per share of $0.27 in Q4, $0.05 above the outlook midpoint and up $0.07 (35%) versus Q4 2024, aided by buybacks and stronger results.
Resort Redevelopment Ramp and Strong Returns
Resort occupancy +~160 bps in Q4; resort total RevPAR +4.9% and same-property resort EBITDA +17.4% in Q4. Newport Harbor Island Resort (first full year post-redevelopment): total RevPAR +38.5% and EBITDA increased by $9.3M to $17.7M. Recent redevelopment projects showing cash-on-cash ROI of 22%–26% (average program ~16%–17%).
San Francisco Recovery Driving Portfolio Outperformance
San Francisco Q4 total RevPAR up >32%; full-year total RevPAR +15.1% and RevPAR +17.5%; San Francisco hotel EBITDA +58.5%. San Francisco Jan RevPAR +12.2% and Feb on pace for a 65%+ RevPAR increase (Super Bowl benefit).
Non-Room Spend and Revenue Mix Strength
Out-of-room (non-room) RevPAR +5.5% in Q4, driving total RevPAR growth; transient room nights +5.9% in Q4 while group softness was limited and being managed via revenue strategies.
Capital Allocation and Liquidity Actions
2025 capex $74.6M; 2026 capex guidance $65M–$75M (normalized lower run rate). Completed two dispositions in Q4 for gross proceeds >$116M; repurchased ~6.3M common shares for $71.3M (avg $11.37) and retired $13.3M preferred at a 24% discount. Closed a $450M senior unsecured term loan due 2031, repaid legacy loan, yielding $150M cash and ~ $640M revolver capacity; weighted average interest cost 4.1% (lowest in sector).
Improved Cost Discipline and Corporate Efficiency
Full-year same-property expenses rose 3%; excluding last year's tax/other credits expense growth 2.2% with cost per occupied room flat. Corporate staffing reduced ~10% YoY and expected modest decline in run-rate corporate cash G&A in 2026.
Constructive 2026 Near-Term Outlook and Early Momentum
Q1 guidance: RevPAR +7.5%–9% and total RevPAR +6%–7.5%; company pacing ahead by ~$21M (2.4%) for the year as of end of January; full-year guidance (conservative) RevPAR +2%–4% and total RevPAR +2.25%–4.25% with same-property EBITDA +2.1%–6%.
PEB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PEB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $12.24 | $13.18 | +7.68% |
Nov 05, 2025 | $10.29 | $10.42 | +1.26% |
Jul 29, 2025 | $10.53 | $10.02 | -4.83% |
May 01, 2025 | $9.12 | $9.12 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Pebblebrook Hotel (PEB) report earnings?
Pebblebrook Hotel (PEB) is schdueled to report earning on Apr 28, 2026, After Close (Confirmed).
What is Pebblebrook Hotel (PEB) earnings time?
Pebblebrook Hotel (PEB) earnings time is at Apr 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PEB EPS forecast?
PEB EPS forecast for the fiscal quarter 2026 (Q1) is -0.34.