Inferra AI / Company / PEB

Pebblebrook Hotel Trust

PEB · Real Estate

Last earnings Oct 29, 2026

Key results

Net incomequarter

$24.9 million

htm EX-99.1 Document Exhibit 99.1 PEBBLEBROOK HOTEL TRUST REPORTS SECOND QUARTER 2026 RESULTS Q2 FINANCIAL RESULTS Net income $24.9 million.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

Flow-Through Same-Property Total revenuequarter

4.8%

Solid Expense Control and Flow-Through Same-Property Total Revenue grew 4.8% while Same-Property Total Expenses rose just 3.8%, driving a 7.1% increase in Same-Property Hotel EBITDA and 67 basis points of EBITDA margin expansion.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

Revenuequarter

10%

The quarter was led by higher-rated transient demand, with transient revenue increasing nearly 10% on 7% ADR growth.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

This mix shift caused Total RevPAR to trail RevPAR, as urban banquet and catering revenue declined 20%, concentrated where citywide calendars were the weakest and in cities with World Cup matches.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

This was partly offset by strong spending at the Company s resorts, including nearly 11% growth in Same-Property resort food beverage revenue.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

Same-Property Total revenuequarter

7.2%

For the first half of 2026, Same-Property Total Revenues climbed 7.2%, while Same-Property Total Expenses grew just 4.7%, driving 175 basis points of EBITDA margin expansion and 14.5% growth in Same-Property Hotel EBITDA.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

Free cash flowquarter

68.9%

Year-to-date, Adjusted FFO per diluted share increased 23.8% and Free Cash Flow per diluted share grew 68.9%, as strong hotel operating growth, lower capital investments, debt reduction, and common and preferred share repurchases more than offset the combined impact of the lost Hotel EBITDA from the three asset sales completed since Q4 2025 and the non-recurring business interruption income proceeds received in the first half of 2025.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

Over the past eight months, the Company has completed three property sales at attractive private-market valuations totaling nearly $160.0 million, representing an aggregate 15.4x EBITDA multiple and a 4.6% NOI capitalization rate, assuming a 4.0% capital reserve on total hotel revenues.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

AI analysis

Q2 2026 · reported Jul 29, 2026

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Net income · Q2 2026

$24.9M

EX-99 · Jul 29, 2026

Headline figures

Metric	Q2 2026	Prior qtr	Year ago
Net income	$24.9 million	—	—
Flow-Through Same-Property Total revenue	4.8%	—	—
Revenue	10%	—	—
Same-Property Total revenue	7.2%	—	—
Free cash flow	68.9%	—	—

EX-99 · Jul 29, 2026

Guidance · company-stated

Direction: Raised

Revenue

“Same-Property Total Revenues increased 4.8%, well above the high end of the Company s Outlook, while Same-Property Total Expenses rose just 3.8%.”

Company outlook — Raised

“We are raising our full-year outlook to reflect our significantly stronger-than-expected second-quarter results while maintaining our prior assumptions for the second half of the year.”

Company outlook — Raised

“The Company has raised its 2026 Outlook to reflect the stronger-than-expected second-quarter results while maintaining its prior and prudent assumptions for the second half given short booking windows and broader macroeconomic, policy, and geopolitical uncertainty.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Cash flow & capex

Free cash flow68.9%

Capital allocation

Free cash flow68.9%

Balance Sheet Net debt TTM corporate EBITDA declined to 5.3x cash and restricted cash increased to $270 million at quarter end weighted-average interest rate remained a sector-low 4.1% the remaining $350 million of December 2026 maturing convertible notes are fully funded, with no other maturities until 2028.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

PEBBLEBROOK HOTEL TRUST REPORTS SECOND QUARTER 2026 RESULTS Q2 FINANCIAL RESULTS

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Revenue: “Same-Property Total Revenues increased 4.8%, well above the high end of the Company s Outlook, while Same-Property Total Expenses rose just 3.8%.”

Company outlook — Raised (“raising”)
“We are raising our full-year outlook to reflect our significantly stronger-than-expected second-quarter results while maintaining our prior assumptions for the second half of the year.”

Revenue — Raised (“increased”)
“Same-Property Total Revenues increased 4.8%, well above the high end of the Company s Outlook, while Same-Property Total Expenses rose just 3.8%.”

Company outlook — Raised (“raised”)
“The Company has raised its 2026 Outlook to reflect the stronger-than-expected second-quarter results while maintaining its prior and prudent assumptions for the second half given short booking windows and broader macroeconomic, policy, and geopolitical uncertainty.”

Classified from the release's primary full-year outlook statement.

Capital allocation

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

(3) Free Cash Flow is calculated as Adjusted FFO less capital investments and common dividends paid.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

This significantly lower, normalized capital run-rate is an important tailwind in 2026, supporting higher discretionary free cash flow that can be utilized for debt reduction and opportunistic share repurchases.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

Balance Sheet and Share Repurchases The Company s deleveraging trend continued in the second quarter, with net debt-to-trailing 12-month corporate EBITDA declining to 5.3x as of June 30, 2026, driven by continued EBITDA growth and disciplined net debt reductions.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

As of June 30, 2026, cash, cash equivalents, and restricted cash had grown to $270.4 million, with an additional $641 million of available capacity on the Company s $650 million senior unsecured revolving credit facility and $90 million of available capacity on its senior unsecured 2031 term loan.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

Strategy & priorities

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

Both business and leisure demand continued to grow, our premium portfolio, which attracts a higher-income guest base, supported improved pricing power, and our strategic operating efficiency initiatives converted stronger revenues into higher profitability.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

Page 2 The Company s strategic operating efficiency initiatives and continued expense discipline again converted healthy revenue growth into stronger profitability.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

This drove Same-Property Hotel EBITDA margins to 30.6%, an expansion of 67 basis points.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

This demonstrates improving operating leverage, as both fixed and semi-fixed costs are spread across more occupied rooms, while productivity, cost-control, technology, and other efficiency initiatives limit variable expense growth.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

Risks & headwinds

Market Specific Headwinds Washington, DC RevPAR declined 9.9%, reflecting continued weakness in government-related demand, and RevPAR at the Company s four urban San Diego hotels declined 9.1%, as expected, due to a weaker convention calendar.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

While current booking trends across both business and leisure remain encouraging, we continue to take the year one quarter at a time and remain appropriately cautious given ongoing geopolitical, policy, and broader economic uncertainty.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

The Company has raised its 2026 Outlook to reflect the stronger-than-expected second-quarter results while maintaining its prior and prudent assumptions for the second half given short booking windows and broader macroeconomic, policy, and geopolitical uncertainty.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

These forward-looking statements are subject to various risks and uncertainties, many of which are beyond the Company s control, which could cause actual results to differ materially from such statements.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

These risks and uncertainties include, but are not limited to, the state of the U.

SEC original ↗Pebblebrook Hotel Trust — Earnings release (8-K exhibit)EX-99Jul 29, 2026

11 Table of Contents Risks and Uncertainties The state of the overall economy can significantly impact hotel operational performance and thus the Company's financial position.

SEC original ↗Pebblebrook Hotel Trust — 10-Q Quarterly report10-QJul 29, 2026

Documents

Earnings deck slides

0 decks with slide view

Pebblebrook Hotel Trust — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors