Pebblebrook Hotel (PEB)
NYSE:PEB
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.1Last Year’s EPS
0.06Same Quarter Last Year
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strong, positive first-quarter operating and financial performance with broad-based revenue gains, meaningful operating leverage, improved leverage metrics, and an upgraded full-year outlook. However, management emphasized near-term caution due to significant geopolitical risks (Middle East conflict), potential airline/jet-fuel impacts on international travel, shortened booking windows, and specific market softness (notably Washington D.C. and parts of Boston). While some one-time items buoyed Q1, underlying demand remained strong. Overall, positives (large beats, margin expansion, portfolio-wide recovery, improved balance sheet) materially outweigh the outlined risks and short-term headwinds.Company Guidance
Strong Q1 Financial Outperformance
Same-property hotel EBITDA increased 27.6% to $82.2M (came in $8.2M above the high end of outlook). Adjusted EBITDA was $73.3M, up 29.5% YoY and $9.3M above the high end. Adjusted FFO per diluted share doubled YoY to $0.32, $0.09 above the high end.
Topline and Revenue Quality Gains
Same-property occupancy rose 550 bps, ADR increased 2.8%, RevPAR increased 11.8%, and total revenue grew 10.1%. Rooms/group/revenue mix was strong: group ADR up 7.4%, food & beverage revenues +7.4%, outlet revenues +10.2%, and banquet/catering +4.8%.
Meaningful Operating Leverage and Expense Control
Same-property total expenses rose only 5.6% while total revenues increased ~10.2%, driving 327 bps of hotel EBITDA margin expansion. On a per occupied room basis, total expenses declined 2.8% and fixed costs declined 3.2%. Food & beverage expenses +3.7%, sales & marketing (ex franchise fees) +3.9%, energy costs declined 2.8%.
Broad-Based Portfolio Strength
Performance was broad across the portfolio: 32 properties exceeded revenue forecast and 34 exceeded GLP forecast. Urban portfolio RevPAR +14.3%, total RevPAR +12.9%, and EBITDA +55.1%. City-over-urban hotels RevPAR +8.7% with a 900 bps occupancy jump; Chicago RevPAR +5.6%.
Standout Market Recoveries (San Francisco & Los Angeles)
San Francisco RevPAR +44.5% and hotel EBITDA more than tripled (+$11.6M). Los Angeles RevPAR +31.5% and occupancy grew >16 points to 74.6%, with LA Q1 same-property EBITDA recovering prior loss.
Improved Balance Sheet Metrics and Liquidity
Net debt-to-EBITDA declined to 5.5x from 5.9x. Ended quarter with $24.6M cash/restricted cash, ~$641M revolver capacity, weighted average interest rate ~4.1%, and ~98% of debt effectively fixed. Repurchased over 400,000 shares at an average price of $12.11.
Normalized Capex and Strategic Rebranding
Invested $11.9M in the quarter; full-year capital investment guidance maintained at $65M–$75M (more normalized run rate supporting discretionary FCF). Completed rebranding of Mondrian Los Angeles to Curio/major-brand franchise at no net cost (franchise key money funded transition).
Raised Full-Year Outlook
Increased 2026 RevPAR and total RevPAR outlook by 75 bps each (RevPAR range moved to ~2.75%–4.75%; total RevPAR ~3%–5%). Now forecasting same-property EBITDA growth of 5.2%–8.6% with a midpoint near ~7% (Q1 $10M hotel EBITDA beat passed into outlook).
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 |
|---|---|---|---|
Apr 28, 2026 | $14.11 | $14.32 | +1.49% |
Feb 25, 2026 | $12.23 | $13.17 | +7.68% |
Nov 05, 2025 | $10.27 | $10.40 | +1.27% |
Jul 29, 2025 | $10.51 | $10.00 | -4.84% |
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 Jul 23, 2026, After Close (Confirmed).
What is Pebblebrook Hotel (PEB) earnings time?
Pebblebrook Hotel (PEB) earnings time is at Jul 23, 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 (Q2) is 0.1.