Pebblebrook Hotel (PEB)
NYSE:PEB
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Pebblebrook Hotel
(NYSE:PEB)
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Rating:62Neutral
Price Target:
$14.00
â–²(1.67% Upside)
Action:ReiteratedDate:02/27/26
The score is driven primarily by mixed financial performance: stable post‑recovery revenues and generally positive cash flow are tempered by persistent net losses and historical leverage/consistency concerns. Technicals are supportive with price above major moving averages and neutral momentum. The earnings call adds upside via constructive 2026 guidance and stronger liquidity actions, while valuation is constrained by negative earnings and a modest dividend yield.
Positive Factors
Stable Revenue & Cash Generation
Pebblebrook’s top line has recovered and held near $1.4–$1.5B while operating and free cash flow have been generally positive since recovery. Durable cash generation supports ongoing capex, renovations, distributions and debt servicing, improving resilience across lodging cycles.
Negative Factors
Recurring Net Losses
Despite stable revenues and positive cash flow, recurring net losses have persisted, producing negative ROE and limiting retained earnings. Ongoing accounting losses constrain long‑term profitability metrics, reduce earnings buffers for downturns, and can limit flexibility in capital allocation over time.
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Positive Factors
Negative Factors
Stable Revenue & Cash Generation
Pebblebrook’s top line has recovered and held near $1.4–$1.5B while operating and free cash flow have been generally positive since recovery. Durable cash generation supports ongoing capex, renovations, distributions and debt servicing, improving resilience across lodging cycles.
Read all positive factors
Pebblebrook Hotel (PEB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.54B
Dividend Yield0.34%
Average Volume (3M)1.92M
Price to Earnings (P/E)―
Beta (1Y)1.28
Revenue Growth0.99%
EPS Growth-360.58%
CountryUS
Employees60
SectorReal Estate
Sector Strength53
IndustryREIT - Hotel & Motel
Share Statistics
EPS (TTM)-0.23
Shares Outstanding113,408,390
10 Day Avg. Volume2,199,893
30 Day Avg. Volume1,920,105
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)0.54
Price to Sales (P/S)0.90
P/FCF Ratio8.70
Enterprise Value/Market Cap2.51
Enterprise Value/Revenue2.63
Enterprise Value/Gross Profit15.71
Enterprise Value/Ebitda14.20
Forecast
1Y Price Target
$12.44Price Target Upside-9.66% Downside
Rating ConsensusHold
Number of Analyst Covering9
EPS Forecast (FY)-0.56
Revenue Forecast (FY)$1.45B
Pebblebrook Hotel Business Overview & Revenue Model
Company Description
Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (REIT) and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 53 hotels, totaling approximately 13,200 guestrooms acro...
How the Company Makes Money
Pebblebrook Hotel Trust generates revenue primarily through the operation of its hotel properties, which include room rentals, food and beverage services, and ancillary offerings such as meeting and event spaces. The company's key revenue streams ...
Pebblebrook Hotel Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 28, 2026
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.Positive Updates
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).
Negative Updates
Government Shutdown and Policy-Driven Demand Disruption
Government shutdown and related travel freezes materially disrupted demand in 2025, weighing on group and government-related segments (notably impacting Washington, D.C. and San Diego).
Read all updates
Q4-2025 Updates
Positive
Negative
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).
Read all positive updates
Company Guidance
Pebblebrook's 2026 guidance frames a cautious but constructive outlook: full‑year RevPAR growth of 2.0%–4.0% (total RevPAR 2.25%–4.25%) with same‑property EBITDA up 2.1%–6.0% (midpoint 4.0%); Q1 RevPAR is guided to +7.5%–9.0% (total RevPAR +6.0%–7.5%) after January RevPAR +4.6% (nearly +7% ex‑Winter Storm Fern), February pacing 15%+, and a year‑to‑date combined group/transient pace ahead $21M (2.4%) including an $8.1M January pickup. Management expects 2026 capital expenditures of $65M–$75M (vs. $74.6M in 2025), a modest decline in run‑rate corporate cash G&A, higher free cash flow from lower capex and operating efficiencies, LaPlaya hotel EBITDA of $28M–$30M (after $12.7M BI proceeds in 2025, $3.1M in Q4), and ongoing balance‑sheet optionality following a $450M term loan to 2031 with ~ $150M cash and ~$640M revolver capacity while addressing $350M of convertibles due Dec‑2026.Pebblebrook Hotel Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
58
Neutral
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.48B | 1.45B | 1.42B | 1.39B | 733.04M |
| Gross Profit | -98.73M | 366.12M | 354.27M | 382.28M | 124.79M |
| EBITDA | 275.05M | 306.40M | 274.58M | 238.40M | 124.83M |
| Net Income | -65.81M | -4.24M | -78.02M | -87.17M | -184.86M |
Balance Sheet | |||||
| Total Assets | 5.35B | 5.69B | 5.82B | 6.13B | 6.26B |
| Cash, Cash Equivalents and Short-Term Investments | 184.19M | 206.65M | 183.75M | 41.04M | 58.52M |
| Total Debt | 2.46B | 2.57B | 2.64B | 2.71B | 2.76B |
| Total Liabilities | 2.79B | 2.91B | 2.97B | 3.05B | 3.10B |
| Stockholders Equity | 2.47B | 2.70B | 2.76B | 3.00B | 3.16B |
Cash Flow | |||||
| Free Cash Flow | 152.33M | 275.00M | 236.20M | 162.00M | -13.06M |
| Operating Cash Flow | 249.73M | 275.00M | 236.20M | 278.75M | 70.77M |
| Investing Cash Flow | 10.32M | -92.83M | 142.02M | -109.39M | -81.57M |
| Financing Cash Flow | -281.44M | -158.22M | -236.85M | -209.34M | -33.25M |
Pebblebrook Hotel Technical Analysis
Positive
13.77
Price Trends
12.52
Positive
12.00
Positive
11.37
Positive
Market Momentum
0.30
Negative
68.76
Neutral
85.53
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PEB, the sentiment is Positive. The current price of 13.77 is above the 20-day moving average (MA) of 12.68, above the 50-day MA of 12.52, and above the 200-day MA of 11.37, indicating a bullish trend. The MACD of 0.30 indicates Negative momentum. The RSI at 68.76 is Neutral, neither overbought nor oversold. The STOCH value of 85.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PEB.
Pebblebrook Hotel Risk Analysis
Pebblebrook Hotel disclosed 75 risk factors in its most recent earnings report. Pebblebrook Hotel reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
We are subject to counterparty risk with respect to our capped calls. Q4, 2025
2.
We may face challenges managing rapidly advancing artificial intelligence in our business which could adversely affect our competitive position. Q4, 2025
3.
Terrorism, terror alerts, rumors or threats of war and other disruptive geopolitical activity could adversely affect travel and hotel demand. Q4, 2025
Pebblebrook Hotel Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $2.08B | 18.22 | 6.59% | 5.13% | 0.95% | -8.40% | |
67 Neutral | $2.94B | 23.79 | 5.50% | 8.30% | 0.57% | -13.58% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $1.81B | 70.45 | 1.23% | 3.98% | 3.04% | -98.77% | |
62 Neutral | $1.54B | -20.13 | -2.57% | 0.34% | 0.99% | -360.58% | |
62 Neutral | $1.20B | 645.83 | 1.29% | 7.76% | -0.58% | -83.32% | |
62 Neutral | $1.46B | 21.68 | 5.33% | 3.71% | 4.29% | 141.01% |
* Real Estate Sector Average
PEB
Pebblebrook Hotel
14.11
5.67
67.18%
DRH
Diamondrock
10.41
3.79
57.30%
SHO
Sunstone Hotel
9.74
1.82
22.98%
RLJ
RLJ Lodging
8.18
1.82
28.70%
XHR
Xenia Hotels & Resorts
16.30
6.91
73.52%
APLE
Apple Hospitality REIT
12.66
2.05
19.32%
Pebblebrook Hotel Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Pebblebrook Hotel Trust Executes Major Debt Refinancing
Positive
Feb 13, 2026
On February 11 and 12, 2026, Pebblebrook Hotel Trust refinanced a significant portion of its capital structure, closing a new $450 million senior unsecured term loan and amending its existing credit agreement. The new facility refinanced a $360 mi...
Business Operations and StrategyExecutive/Board Changes
Pebblebrook Hotel Trust Sets 2026 Executive Pay Framework
Neutral
Feb 9, 2026
On February 5, 2026, Pebblebrook Hotel Trust’s board approved 2026 executive compensation packages that largely mirror 2025, combining base salary, annual cash bonuses and long-term equity awards for CEO Jon E. Bortz and senior executives Ra...
Business Operations and StrategyExecutive/Board Changes
Pebblebrook Hotel Trust Announces Board Refresh and Additions
Positive
Feb 9, 2026
On February 5 and 9, 2026, Pebblebrook Hotel Trust announced the election of veteran real estate investors Nina P. Jones and Bill Bayless to its Board of Trustees, with Jones joining on March 1, 2026 and Bayless expected to join in the fourth quar...
Financial Disclosures
Pebblebrook Hotel Trust Schedules Upcoming Quarterly Results Release
Neutral
Dec 18, 2025
Pebblebrook Hotel Trust announced on December 18, 2025, that it plans to release its financial and operating results for the quarter ended December 31, 2025, after U.S. markets close on February 25, 2026, followed by a quarterly earnings conferenc...
Dividends
Pebblebrook Hotel Declares Fourth Quarter Dividends
Neutral
Dec 15, 2025
On December 15, 2025, Pebblebrook Hotel Trust announced that its Board of Trustees authorized and declared cash dividends for its common and preferred shares for the fourth quarter of 2025. The declared dividends include $0.01 per common share and...
Business Operations and StrategyStock BuybackM&A Transactions
Pebblebrook Hotel Completes Sale of Chicago Property
Neutral
Dec 4, 2025
On December 3, 2025, Pebblebrook Hotel Trust completed the sale of the 752-room Westin Michigan Avenue Chicago for $72.0 million. The proceeds from this sale will be used to reduce outstanding debt and preferred equity, repurchase common shares, a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.