Pebblebrook Hotel reports Q4 adjusted FFO 20c, consensus 12c

Same-Property Total RevPAR grew 1.8% vs. Q4 2023, driven by a 4.0% increase at resorts and a 0.7% increase at urban hotels. Adjusted EBITDAre was $62.7M, exceeding the midpoint of Q4 Outlook by $11.2M. “In 2024, we experienced a sustained recovery in both business group and transient demand, propelling growth across our urban hotels and lifestyle resorts. Our top-performing markets included San Diego, Chicago, Boston, Washington DC, and our West Coast resorts. Additionally, our recently redeveloped properties generated significant gains in market share and operating performance – momentum we anticipate will extend through at least 2027. ”