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PEB

Pebblebrook Hotel Trust

PEB

Pebblebrook Hotel Trust • NYSE
$11.34 ▲ 0.09% (+0.01)
Market Cap $1.34 B
52w High $15.12
52w Low $7.41
Dividend Yield 0.04%
P/E -9.61
Volume 820.47K
Outstanding Shares 118.55M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $398.723M ▼ $114.475M ▲ $-33.067M ▼ -8.293% ▼ $-0.37 ▼ $53.635M ▼
Q2-2025 $407.537M ▲ $67.385M ▲ $18.056M ▲ 4.431% ▲ $0.062 ▲ $106.791M ▲
Q1-2025 $320.266M ▼ $67.016M ▼ $-32.947M ▲ -10.287% ▲ $-0.37 ▲ $47.424M ▲
Q4-2024 $337.6M ▼ $86.458M ▲ $-50.485M ▼ -14.954% ▼ $-0.51 ▼ $31.153M ▼
Q3-2024 $404.53M $65.172M $43.657M 10.792% $0.3 $99.459M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $223.157M ▼ $5.554B ▼ $2.947B ▲ $2.514B ▼
Q2-2025 $256.13M ▲ $5.653B ▲ $2.922B ▼ $2.639B ▲
Q1-2025 $208.07M ▲ $5.651B ▼ $2.924B ▲ $2.635B ▼
Q4-2024 $206.65M ▲ $5.693B ▼ $2.905B ▲ $2.697B ▼
Q3-2024 $133.965M $5.723B $2.881B $2.752B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-32.353M ▼ $77.568M ▼ $-18.446M ▲ $-94.145M ▼ $-35.023M ▼ $77.568M ▼
Q2-2025 $19.285M ▲ $90.542M ▲ $-26.64M ▼ $-14.95M ▲ $48.952M ▲ $90.542M ▲
Q1-2025 $-32.18M ▲ $50.341M ▼ $-20.864M ▼ $-28.882M ▼ $595K ▼ $50.341M ▼
Q4-2024 $-47.712M ▼ $69.252M ▼ $-12.966M ▲ $17.048M ▲ $73.334M ▲ $151.924M ▲
Q3-2024 $45.145M $76.079M $-18.164M $-24.836M $33.079M $76.079M

Revenue by Products

Product Q3-2024Q4-2024Q2-2025Q3-2025
Food and Beverage
Food and Beverage
 $100.00M ▲$90.00M ▼$110.00M ▲$100.00M ▼
Hotel Other
Hotel Other
 $50.00M ▲$40.00M ▼$40.00M ▲$50.00M ▲
Occupancy
Occupancy
 $260.00M ▲$210.00M ▼$260.00M ▲$250.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Pebblebrook’s income statement shows a clear recovery story from the pandemic shock. Revenue has climbed steadily for several years, and hotel-level profitability has improved as travel demand returned and the company shifted more toward leisure and resort properties. Operating performance is now modestly profitable, but after non‑cash items like depreciation and other charges, reported earnings per share are still negative, so accounting profits have not fully caught up with the operational rebound. Overall, the trend is heading in the right direction, yet profitability remains fragile and sensitive to travel cycles and economic conditions.

Balance Sheet

Balance Sheet The balance sheet reflects a sizable, relatively stable portfolio of hotel real estate financed with a meaningful amount of debt. Total assets have held fairly steady, suggesting no major expansion but also no significant shrinkage of the portfolio. Debt levels are high but not unusual for a hotel REIT, and they have edged down slightly, which is a mild positive. Equity has drifted lower from past loss years, signaling that earlier downturns still weigh on book value. The key watchpoints are leverage, property valuations, and refinancing needs in a higher interest‑rate world.

Cash Flow

Cash Flow Cash flow has improved notably since the pandemic, with the business consistently generating positive cash from operations in recent years. Free cash flow has turned positive as well, helped by recovering hotel performance and disciplined capital spending. Investment in the properties is present but measured, suggesting a balance between maintaining and upgrading assets and preserving liquidity. The overall picture is of a portfolio that now funds itself from its own cash generation, after a period when it relied more heavily on external capital to get through the downturn.

Competitive Edge

Competitive Edge Pebblebrook competes through a focused portfolio of upscale and luxury hotels in major gateway cities and attractive resort destinations, where it is difficult and costly for new competitors to build. It emphasizes independent and “lifestyle” properties with distinctive local character, which helps differentiate it from more standardized chain hotels. The company is very hands‑on in how it manages properties, working closely with operators to fine‑tune pricing, costs, and guest experience. Its Curator Hotel & Resort Collection adds scale benefits and shared services for independent hotels, strengthening their ability to compete without giving up their uniqueness. The main risks are exposure to economic and travel slowdowns, high competition for affluent travelers, and ongoing labor and cost pressures in key markets.

Innovation and R&D

Innovation and R&D While Pebblebrook is not a technology developer, it is quite active in applying new tools to hotel operations and redevelopments. The company is rolling out AI‑driven analytics, self‑service tools, and automation to improve productivity, manage labor costs, and refine pricing and marketing decisions. It invests meaningfully in sustainability upgrades—such as energy‑efficient designs and water savings—which can lower long‑term operating costs and appeal to eco‑conscious guests. A key part of its “innovation” is creative repositioning of underperforming properties into higher‑end, experiential hotels with strong local flavor. Going forward, the impact of AI, digital guest journeys, and continued green investments will be important areas to monitor.

Summary

Pebblebrook Hotel Trust has moved from deep pandemic‑driven losses to a much healthier, though still somewhat delicate, financial position. Operations have recovered, cash flows are solidly positive, and the portfolio is skewed toward high‑quality, hard‑to‑replicate hotels and resorts in strong markets. At the same time, leverage is material, accounting earnings are not yet robust, and results remain tightly linked to the strength of travel demand and the broader economy. Strategically, the company leans on unique lifestyle properties, active asset management, and thoughtful use of technology and sustainability initiatives to stand out. Overall, Pebblebrook appears to be in a rebuilding and optimization phase—past the worst of the downturn, but still working to translate its strategic strengths into consistently strong bottom‑line results.

NEWS

November 20, 2025 · 7:00 AM UTC

Pebblebrook Hotel Trust Completes $44.25 Million Sale of Montrose at Beverly Hills

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November 5, 2025 · 4:06 PM UTC

Pebblebrook Hotel Trust Reports Third Quarter 2025 Results

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October 13, 2025 · 7:00 AM UTC

The Unofficial Z Collection Redefines Lifestyle Hotels: Pebblebrook's Hotels Earn Top Rankings in the 2025 Condé Nast Traveler Readers' Choice Awards

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September 19, 2025 · 7:00 AM UTC

Pebblebrook Hotel Trust Announces Exercise In Full of Initial Purchasers' Over-Allotment Option and Subsequent Closing of 1.625% Convertible Senior Notes Due 2030

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September 17, 2025 · 7:00 AM UTC

Pebblebrook Hotel Trust Announces Pricing of 1.625% Convertible Senior Notes Due 2030

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