Pebblebrook Hotel (PEB)
NYSE:PEB
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Pebblebrook Hotel
(NYSE:PEB)
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Rating:66Neutral
Price Target:
$16.50
â–²(17.86% Upside)
Action:Reiterated
Date:05/29/26
The score is driven by strong cash flow and a constructive technical uptrend, reinforced by a positive earnings update and raised guidance. It is held back by ongoing net losses, meaningful leverage for a cyclical hotel REIT, and valuation limits from negative earnings despite a high dividend yield.
Positive Factors
Strong free cash flow generation
Consistent positive free cash flow despite negative net income shows durable cash conversion from operations. This supports ongoing capex, interest coverage, opportunistic buybacks and preferred servicing without immediate reliance on equity issuance, improving financial flexibility over the next several quarters.
Negative Factors
Meaningful leverage on the balance sheet
A debt-to-equity around 1.0 and mid-cycle leverage magnify earnings volatility for a cyclical hotel REIT. In a downturn, hotel cash flows can quickly deteriorate, increasing refinancing and covenant risk and forcing asset sales or halted buybacks, constraining strategic choices for months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Consistent positive free cash flow despite negative net income shows durable cash conversion from operations. This supports ongoing capex, interest coverage, opportunistic buybacks and preferred servicing without immediate reliance on equity issuance, improving financial flexibility over the next several quarters.
Read all positive factors
Pebblebrook Hotel (PEB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.76B
Dividend Yield0.34%
Average Volume (3M)1.92M
Price to Earnings (P/E)―
Beta (1Y)1.27
Revenue Growth2.84%
EPS Growth-83.41%
CountryUS
Employees60
SectorReal Estate
Sector Strength53
IndustryREIT - Hotel & Motel
Share Statistics
EPS (TTM)-0.79
Shares Outstanding113,369,230
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 Cap2.24
Enterprise Value/Revenue2.63
Enterprise Value/Gross Profit14.73
Enterprise Value/Ebitda13.97
Forecast
1Y Price Target
$13.98Price Target Upside-0.16% Downside
Rating ConsensusHold
Number of Analyst Covering11
EPS Forecast (FY)-0.33
Revenue Forecast (FY)$1.47B
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 makes money primarily by generating operating income from the hotels it owns. Hotel-level revenue is driven by room rentals (the largest component), where earnings depend on occupancy and average daily rate (ADR), and by food-and-bever...
Pebblebrook Hotel Earnings Call Summary
Earnings Call Date:Apr 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
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.Positive Updates
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.
Negative Updates
Washington D.C. Weakness
Washington, D.C. was the weakest market in Q1 with RevPAR down 24.1% due to a difficult inauguration comparison and continued weakness in government-related travel (though some recent improvements noted).
Read all updates
Q1-2026 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Pebblebrook raised its full‑year RevPAR outlook by 75 bps to 2.75%–4.75% (total RevPAR now 3%–5%), and rolled its Q1 $10M hotel‑EBITDA beat into guidance, updating same‑property hotel EBITDA growth to 5.2%–8.6% (midpoint ≈7%); full‑year capital spending is expected at $65–$75M, implied property expense growth is 2.4%–3.8% (labor up ~3%–5% with FTEs generally flat or down), full‑year room‑revenue pace is +$33.5M vs. last year (+$21.8M in Q1, +$11.7M for the rest of Q2; Q2 room revenue pace was +$7.5M at quarter‑end), April RevPAR is expected to grow ~3%–5% YoY, and balance‑sheet metrics improved with net debt/EBITDA down to 5.5x (from 5.9x), $24.6M cash, ~$641M revolver capacity, a 4.1% weighted average interest rate and roughly 98% of debt effectively fixed.Pebblebrook Hotel Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
48
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.50B | 1.48B | 1.45B | 1.42B | 1.39B | 733.04M |
| Gross Profit | 267.85M | -98.73M | 366.12M | 354.27M | 382.28M | 124.79M |
| EBITDA | 282.36M | 275.05M | 306.40M | 274.58M | 238.40M | 124.83M |
| Net Income | -52.14M | -65.81M | -4.24M | -78.02M | -87.17M | -184.86M |
Balance Sheet | ||||||
| Total Assets | 5.30B | 5.35B | 5.69B | 5.82B | 6.13B | 6.26B |
| Cash, Cash Equivalents and Short-Term Investments | 196.21M | 184.19M | 206.65M | 183.75M | 41.04M | 58.52M |
| Total Debt | 2.41B | 2.46B | 2.57B | 2.64B | 2.71B | 2.76B |
| Total Liabilities | 2.77B | 2.79B | 2.91B | 2.97B | 3.05B | 3.10B |
| Stockholders Equity | 2.44B | 2.47B | 2.70B | 2.76B | 3.00B | 3.16B |
Cash Flow | ||||||
| Free Cash Flow | 256.79M | 152.33M | 275.00M | 236.20M | 162.00M | -13.06M |
| Operating Cash Flow | 283.44M | 249.73M | 275.00M | 236.20M | 278.75M | 70.77M |
| Investing Cash Flow | 22.22M | 10.32M | -92.83M | 142.02M | -109.39M | -81.57M |
| Financing Cash Flow | -319.24M | -281.44M | -158.22M | -236.85M | -209.34M | -33.25M |
Pebblebrook Hotel Technical Analysis
Positive
14.00
Price Trends
13.83
Positive
13.04
Positive
12.05
Positive
Market Momentum
0.41
Negative
63.40
Neutral
84.66
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 14 is below the 20-day moving average (MA) of 14.60, above the 50-day MA of 13.83, and above the 200-day MA of 12.05, indicating a bullish trend. The MACD of 0.41 indicates Negative momentum. The RSI at 63.40 is Neutral, neither overbought nor oversold. The STOCH value of 84.66 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 0 New Risks
Pebblebrook Hotel Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $2.29B | 21.60 | 6.89% | 5.13% | -0.40% | 136.86% | |
72 Outperform | $3.54B | 20.18 | 5.43% | 8.30% | -0.51% | -8.63% | |
67 Neutral | $1.53B | 58.59 | 1.14% | 7.76% | -0.83% | -103.51% | |
66 Neutral | $2.03B | 53.82 | 1.94% | 3.98% | 6.83% | 23.48% | |
66 Neutral | $1.62B | 23.80 | 5.76% | 3.71% | 2.31% | 208.08% | |
66 Neutral | $1.76B | -33.15 | -2.07% | 0.34% | 2.84% | -83.41% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
* Real Estate Sector Average
PEB
Pebblebrook Hotel
15.25
6.22
68.92%
DRH
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10.99
3.73
51.38%
SHO
Sunstone Hotel
10.82
2.29
26.77%
RLJ
RLJ Lodging
9.73
3.05
45.68%
XHR
Xenia Hotels & Resorts
17.37
5.93
51.84%
APLE
Apple Hospitality REIT
14.69
3.92
36.36%
Pebblebrook Hotel Corporate Events
Business Operations and StrategyStock BuybackFinancial DisclosuresM&A Transactions
Pebblebrook Hotel Trust Sells Chamberlain West Hollywood Asset
Positive
May 28, 2026
Pebblebrook Hotel Trust announced that on May 27, 2026, it completed the $43.5 million sale of the 115-room Chamberlain West Hollywood Hotel in Los Angeles to a third party, following a year in which the property generated $3.0 million in EBITDA a...
Dividends
Pebblebrook Hotel Trust Maintains Minimal Common Share Dividend
Neutral
Mar 16, 2026
On March 16, 2026, Pebblebrook Hotel Trust declared its first-quarter 2026 dividends, maintaining a token quarterly cash dividend of $0.01 per common share, payable April 15, 2026 to shareholders of record as of March 31, 2026. The move signals co...
Business Operations and StrategyFinancial Disclosures
Pebblebrook Hotel Trust Schedules First-Quarter 2026 Earnings Release
Neutral
Mar 11, 2026
Pebblebrook Hotel Trust announced on March 10, 2026, that it plans to report its financial and operating results for the quarter ended March 31, 2026, after markets close on April 28, 2026. The disclosure will be followed by a quarterly earnings c...
Business Operations and StrategyFinancial Disclosures
Pebblebrook Hotel Trust Schedules First-Quarter 2026 Earnings Release
Neutral
Mar 11, 2026
Pebblebrook Hotel Trust announced on March 10, 2026, that it plans to report its financial and operating results for the quarter ended March 31, 2026, after markets close on April 28, 2026. The disclosure will be followed by a quarterly earnings c...
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.