05:37 PM EDT, 04/23/2024 (MT Newswires) -- Pebblebrook Hotel Trust ( PEB ) reported Q1 adjusted funds from operations late Tuesday of $0.21 per diluted share, up from $0.18 per share a year earlier.

Analysts polled by Capital IQ expected $0.15.

Revenue for the quarter ended March 31 rose to $314.1 million from $305.7 million a year earlier. Analysts surveyed by Capital IQ expected $305 million.

For Q2, the company expects an adjusted FFO of $0.59 to $0.63 per share. The consensus is for $0.56.

For 2024, Pebblebrook said it continues to expect an adjusted FFO of $1.49 to $1.61 per share. Analysts are looking for $1.59.

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