Quarterly ResultApr 28, 2026, 04:13 PM
PEB Q1 Revenue +7.9% to $345.7M; Net Loss $(29.7)M vs $(43.6)M YoY
AI Summary
Pebblebrook Hotel Trust reported a significant improvement in its first-quarter 2026 financial results, with total revenues increasing by 7.9% to $345.7 million and net loss attributable to common shareholders narrowing to $(29.7) million from $(43.6) million year-over-year. The company achieved positive operating income of $8.1 million, a substantial turnaround from an operating loss of $(7.2) million in the prior year. PEB also reduced its total debt principal by $40.8 million and extended a $360 million term loan.
Key Highlights
- Q1 2026 Total Revenues increased 7.9% to $345.7 million from $320.3 million YoY.
- Q1 2026 Net Loss attributable to common shareholders improved to $(29.7) million from $(43.6) million YoY.
- Q1 2026 Net Loss per share was $(0.26), an improvement from $(0.37) YoY.
- Q1 2026 Operating Income was $8.1 million, a turnaround from a $(7.2) million loss YoY.
- Net cash provided by operating activities rose 66.9% to $84.1 million.
- Total debt principal decreased by $40.8 million to $2.10 billion as of March 31, 2026.
- The company extended a $360 million Term Loan 2027 to February 2031.
- Pebblebrook Hotel Trust repurchased $5.9 million of common shares during Q1 2026.