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Pebblebrook Hotel (PEB)
NYSE:PEB
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.39Last Year’s EPS
-0.37Same Quarter Last Year
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 0.53%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive urban market recoveries and strong financial performance against the backdrop of challenges from natural disasters and market-specific headwinds. While the company demonstrated resilience and strategic debt management, significant disruptions from hurricanes and brand transitions tempered overall performance.Company Guidance
During the Pebblebrook Hotel Trust third quarter 2024 earnings call, the executives provided detailed guidance on various financial metrics. Same-property RevPAR increased by 2.2%, within the expected range, despite a 30 basis point negative impact from storms, while total RevPAR rose by 2.7% due to improved occupancy and a 3.8% surge in out-of-room spending. The same-property hotel EBITDA was $110.8 million, hitting the midpoint of their forecast. Adjusted EBITDA exceeded expectations by $8.7 million, and adjusted AFFO surpassed the midpoint by $9.7 million, aided by $7.1 million in business interruption proceeds. The company also highlighted a 9.1% increase in group room nights and a 1.9% rise in ADR, propelling a total group revenue growth of 11.2%. These results were achieved despite the challenges posed by Hurricanes Debbie and Helene, which led to a $1.5 million negative impact. Looking ahead, the company anticipates a slight Q4 RevPAR impact from ongoing disruptions and forecasts a $2.5 million decrease in same-property hotel EBITDA due to hurricane effects.Strong RevPAR Growth
Same-property RevPAR increased by 2.2% and would have exceeded 2.4% if not for hurricanes, significantly outpacing the industry's 0.9% growth.
Adjusted EBITDA Performance
Adjusted EBITDA exceeded the midpoint of the Q3 outlook by $8.7 million and surpassed the top end by $6.2 million.
Urban Market Recovery
Urban properties saw a 3.7% increase in occupancy, with promising gains in Chicago, San Diego, and Boston.
Resort Segment Success
Same-property resort occupancy climbed 5.9% year-over-year, driven by a 10% increase in group demand.
Debt Management
Successfully issued $400 million of senior unsecured notes and extended debt maturities with no significant due until December 2026.
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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
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PEB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $13.25 | $12.94 | -2.34% |
| Jul 24, 2024 | $13.48 | $13.60 | +0.89% |
| Apr 23, 2024 | $15.42 | $15.56 | +0.91% |
| Feb 21, 2024 | $16.57 | $16.15 | -2.53% |
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.
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FAQ
When does Pebblebrook Hotel (PEB) report earnings?
Pebblebrook Hotel (PEB) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Pebblebrook Hotel (PEB) earnings time?
Pebblebrook Hotel (PEB) earnings time is at Feb 26, 2025, TBA Not 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 2024 (Q4) is -0.39.
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