Quarterly ResultJul 29, 2026, 04:51 PM
Pebblebrook Q2 Net Income $24.9M; New $50M Preferred Buyback
AI Summary
Pebblebrook Hotel Trust reported strong second-quarter 2026 results, with net income rising 29.2% to $24.9 million and Same-Property Hotel EBITDA increasing 7.1% to $123.3 million, both exceeding the company's outlook. The board also authorized a new $50.0 million preferred share repurchase program, which will commence after the current program is completed. Reflecting the robust performance, the company raised its full-year 2026 outlook for Adjusted EBITDAre to $345.0-$353.0 million and Adjusted FFO per diluted share to $1.69-$1.76.
Key Highlights
- Q2 2026 Net income was $24.9 million, up 29.2% YoY.
- Q2 2026 Same-Property Hotel EBITDA increased 7.1% to $123.3 million.
- Q2 2026 Adjusted FFO per diluted share was $0.68, exceeding outlook.
- Board authorized a new $50.0 million preferred share repurchase program.
- Full-year 2026 Adjusted EBITDAre outlook raised to $345.0-$353.0 million.
- Full-year 2026 Adjusted FFO per diluted share outlook raised to $1.69-$1.76.
- Q2 Same-Property RevPAR increased 6.5%, driven by ADR +4.7% and Occupancy +1.7%.
- Company repurchased 0.5 million common shares for $8.0 million in Q2.
Price Impact
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