Pebblebrook Hotel Trust Reports Strong Q3 2026 Results and Raises Full-Year Guidance
Pebblebrook Hotel Trust (PEB) delivered robust third-quarter results, characterized by a 15.1% increase in same-property hotel EBITDA to $115.2 million. Growth was primarily driven by an 8.3% rise in Same-Property RevPAR and significant improvements in urban markets like San Francisco and Los Angeles. The company's adjusted FFO per diluted share rose 23.5% to $0.63, benefiting from both operational efficiency and a reduced share count through active repurchases. Following these results, management raised its full-year guidance for RevPAR, Adjusted EBITDAre, and Adjusted FFO, signaling confidence in sustained demand. The company also demonstrated improved financial health by reducing its net debt to corporate EBITDA ratio to 5.1x. While management noted potential macroeconomic risks regarding geopolitical instability and government shutdowns, the overall outlook remains positive due to strong pricing power and disciplined cost management.
Topics: EBITDA FFO financial guidance hotel industry RevPAR share repurchases