Pebblebrook Hotel reports Q3 adjusted FFO 59c, consensus 53c

‘In the third quarter, we remained intensely focused on achieving sustainable cost reductions and operational efficiencies across our portfolio, collaborating closely with our operators to implement new technologies and best practices. As a result, our Same-Property Total Expenses increased by just 4.3%, while costs per occupied room remained flat year-over-year, and declined when excluding fixed expenses. We are very pleased with the significant positive impact these efforts have had on our bottom-line performance.” -Jon E. Bortz, Chairman and Chief Executive Officer of Pebblebrook Hotel (PEB) Trust