Pebblebrook Q2 Earnings Surge: Same-Property EBITDA Climbs 7.1%, CEO Continues Buying
PEB has more than doubled off its 52-week low of $9.295.
Summary
Pebblebrook Hotel Trust reported Q2 2026 earnings with same-property hotel EBITDA up 7.1% YoY, net income to common of $20.7M, and continued share repurchases. The results support the CEO's recent insider buying. The company raised full-year 2026 guidance to Adjusted EBITDAre of $345M-$353M and Adjusted FFO per share of $1.69-$1.76.
Updated with a Reuters report · What changed
Updates
· SEC 8-K — Pebblebrook's board authorized a new $50 million preferred share repurchase program, commencing after the current $100 million program, under which $45.6 million remains available.
· Reuters — Pebblebrook raised full-year 2026 guidance to Adjusted EBITDAre of $345M-$353M and Adjusted FFO per share of $1.69-$1.76.
Key Events · Earnings and Guidance · PEB
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New · · Reuters
Full-Year Guidance Raised
Pebblebrook raised full-year 2026 guidance to Adjusted EBITDAre of $345M-$353M and Adjusted FFO per share of $1.69-$1.76.
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Q2 Earnings Beat
Driven by occupancy gains and ADR growth, same-property hotel EBITDA rose 7.1% YoY to $123.8M. Net income attributable to common shareholders reached $20.7M, up from $7.4M in Q2 2025.
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CEO Insider Buying Validated
CEO Jon Bortz purchased $1.7M of stock in open-market transactions over the past 90 days. The strong Q2 results support his conviction.
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Balance Sheet Strengthening
Extended $360M term loan to 2031, repaid $40M mortgage, and repurchased $12.9M of common shares and $28.6M of preferred shares. A new $50M preferred buyback was authorized.
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Hotel Impairment
An $8.8M impairment loss was recognized on one hotel in H1 2026, a non-cash charge reflecting a lower fair value for that property.
Analysis · PEB · Real Estate & Construction
A broad-based demand recovery powered a strong second quarter for Pebblebrook, with same-property hotel EBITDA rising 7.1% year-over-year. Net income attributable to common shareholders swung to $20.7 million from $7.4 million a year ago, validating the CEO's recent open-market purchases totaling $1.7 million over the past 90 days. The balance sheet continues to strengthen: the company extended a $360 million term loan, repaid a $40 million mortgage, and repurchased both common and preferred shares. An $8.8 million impairment on one hotel is a minor blemish in an otherwise solid quarter. Signaling confidence in the capital structure, the board also authorized a new $50 million preferred share buyback. Management raised full-year 2026 guidance to Adjusted EBITDAre of $345M-$353M and Adjusted FFO per share of $1.69-$1.76.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 36.7% of the 1075 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.60%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, PEB was trading at $18.88 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 filing was assessed with positive market sentiment and an importance score of 8 out of 10.