Overview

* Pebblebrook Hotel Trust ( PEB ) reports Q2 net income $19.3 mln

* Same-Property Hotel EBITDA exceeds company's outlook

* Adjusted EBITDAre of $117 mln, driven in part by Newport Harbor Island Resort's performance

* Adjusted FFO per share $0.65, surpassing company outlook midpoint

Outlook

* Pebblebrook expects full-year net loss between $26.5 mln and $12.0 mln

* Company projects Q3 net income between $4.0 mln and $11.0 mln

* Pebblebrook sees full-year Adjusted EBITDAre of $332.5 to $347.5 mln

* Company anticipates 2025 Adjusted FFO per share of $1.47 to $1.59

Result Drivers

* SAN FRANCISCO DEMAND - Strong demand in San Francisco led to significant RevPAR growth, contributing to better-than-expected Same-Property Hotel EBITDA

* NEWPORT REDEVELOPMENT - Newport Harbor Island Resort's comprehensive redevelopment and luxury transformation drove its outperformance

* EFFICIENCY PROGRAMS - Strategic productivity and efficiency initiatives helped contain operating expenses, increasing only 1.7% year-over-year

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Room $251.30

Revenues mln

Q2 Net $19.30

Income mln

Q2 $77.40

Adjusted mln

FFO

Q2 $0.65

Adjusted

FFO Per

Share

Q2 Same $115.80

Property mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "buy."

* Wall Street's median 12-month price target for Pebblebrook Hotel Trust ( PEB ) is $11.00, about 3.8% above its July 28 closing price of $10.58

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)