Pebblebrook Hotel Trust

Pebblebrook Hotel Trust announced the appointment of Bill Bayless to its Board of Trustees, effective October 1, 2026. Mr. Bayless, a seasoned real estate operator and capital markets leader, brings extensive experience from his involvement in the student housing sector, including co-founding American Campus Communities. To facilitate his appointment, the size of the Board was increased to eight members. Mr. Bayless will receive compensation consistent with other independent trustees and was granted a one-time award of $50,000 in company shares, vesting over three years.

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.

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.

Pebblebrook Hotel Trust announced that its Board of Trustees authorized and declared cash dividends for the second quarter of 2026. This includes a common share dividend of $0.01 per share and regular quarterly dividends for its Series E, F, G, and H preferred shares. All dividends are payable on July 15, 2026, to shareholders of record as of June 30, 2026.

Pebblebrook Hotel Trust announced it will report its financial and operating results for the second quarter ending June 30, 2026, on Wednesday, July 29, 2026, after market close. The company will host its quarterly conference call on Thursday, July 30, 2026, at 9:00 AM ET. Details for participating in the call via dial-in or live webcast on the company's website were provided, with a replay also available online.

Pebblebrook Hotel Trust held its Annual Meeting on May 29, 2026, where shareholders approved an amendment to the Declaration of Trust. This amendment grants shareholders the right to remove a trustee without cause, in addition to the existing right to remove for cause. All seven nominated trustees were elected, KPMG LLP was ratified as the independent auditor, and executive compensation was approved in an advisory vote. Ron E. Jackson also retired from the Board, reducing its size to seven trustees.

Pebblebrook Hotel Trust completed the sale of the 115-room Chamberlain West Hollywood Hotel for $43.5 million. Proceeds from the sale will be used to reduce outstanding net debt and preferred equity, opportunistically repurchase common shares, and support other high-return capital allocation priorities. The company also updated its second-quarter and full-year 2026 outlook to reflect the property disposition, including minor adjustments to financial metrics. The transaction involved retiring $33.7 million in preferred shares at a 23% discount.

Pebblebrook Hotel Trust reported strong first-quarter 2026 results, with Adjusted FFO per diluted share doubling to $0.32 and Same-Property Hotel EBITDA increasing 27.6% to $82.2 million, both significantly exceeding outlook. The company also completed the rebranding of Mondrian Los Angeles to The Valorian Los Angeles. Due to the strong Q1 performance, PEB raised its full-year 2026 outlook for Adjusted EBITDAre and Adjusted FFO per diluted share, while maintaining caution regarding macroeconomic uncertainties.

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.