Pebblebrook Raises 2026 Outlook as Q2 Hotel EBITDA Jumps 7.1%
PEB has more than doubled off its 52-week low of $9.295.
Summary
Pebblebrook Hotel Trust delivered a strong Q2, with same-property hotel EBITDA up 7.1% year-over-year, driven by robust leisure and group demand at resorts and a rebound in San Francisco business travel. Adjusted FFO per share rose 4.6%, and the company raised its full-year 2026 guidance, now expecting Adjusted EBITDAre of $345 million to $353 million and Adjusted FFO per share of $1.69 to $1.76. The outperformance was supported by higher transient demand, improved pricing, and a 27% drop in property insurance costs, which helped margins. This follows a series of insider purchases by the CEO in June and a hotel sale in May that reduced debt, signaling management's confidence in the recovery. With shares trading near a 52-week high, the raised outlook suggests the rebound has further room to run.
At the time of this announcement, PEB was trading at $19.24 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $2.2B. The 52-week trading range was $9.30 to $19.93. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.