Quarterly ResultJul 29, 2026, 04:17 PM
Pebblebrook Q2 Net Income $20.66M; YTD Operating Income Up 44.6%
AI Summary
Pebblebrook Hotel Trust reported Q2 net income attributable to common shareholders of $20.66 million, a significant increase from $7.42 million in the prior year. Year-to-date operating income rose 44.6% to $65.29 million, despite a slight dip in Q2 total revenues to $407.14 million. The company also completed the disposition of the Chamberlain West Hollywood Hotel for $43.5 million, repurchased shares, and extended a $360 million term loan, while recognizing an $8.8 million impairment loss.
Key Highlights
- Q2 net income attributable to common shareholders was $20.66 million ($0.18 EPS).
- Year-to-date operating income increased 44.6% to $65.29 million.
- Total revenues for Q2 were $407.14 million, and YTD were $752.80 million.
- Disposed of Chamberlain West Hollywood Hotel for $43.5 million.
- Repurchased $13.86 million in common shares and $2.47 million in preferred shares YTD.
- Extended $360 million Term Loan 2027 to mature in February 2031.
- Recognized an $8.8 million impairment loss on one hotel YTD.
- Reduced net debt to $2.08 billion from $2.12 billion at year-end 2025.
Price Impact
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