Last $38.56 USD
Change Today +0.32 / 0.84%
Volume 171.7K
PEB On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 08/19/14 All times are local (Market data is delayed by at least 15 minutes).

pebblebrook hotel trust (PEB) Snapshot

Open
$38.25
Previous Close
$38.24
Day High
$38.64
Day Low
$38.25
52 Week High
08/19/14 - $38.64
52 Week Low
09/3/13 - $25.48
Market Cap
2.5B
Average Volume 10 Days
237.1K
EPS TTM
$0.49
Shares Outstanding
63.9M
EX-Date
06/26/14
P/E TM
78.7x
Dividend
$0.92
Dividend Yield
2.02%
Current Stock Chart for PEBBLEBROOK HOTEL TRUST (PEB)

pebblebrook hotel trust (PEB) Related Businessweek News

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pebblebrook hotel trust (PEB) Details

Pebblebrook Hotel Trust, through Pebblebrook Hotel, L.P., operates as a real estate investment trust. The company acquires and invests primarily in hotel properties located in the United States. It holds interests in the Doubletree Bethesda Hotel and Executive Meeting Center located in Bethesda, Maryland; Sir Francis Drake Hotel located in San Francisco, California; and InterContinental Buckhead Hotel located in Atlanta, Georgia. As a REIT, the company is not subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 2009 and is based in Bethesda, Maryland.

24 Employees
Last Reported Date: 02/20/14
Founded in 2009

pebblebrook hotel trust (PEB) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $650.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $360.0K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $360.0K
Compensation as of Fiscal Year 2013.

pebblebrook hotel trust (PEB) Key Developments

Pebblebrook Hotel Trust Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014; Revised Earnings Guidance for the Full Year of 2014

Pebblebrook Hotel Trust announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $147,454,000 compared with $126,301,000 for the same period a year ago. Operating income was $26,385,000 compared with $18,728,000 for the same period a year ago. Income before tax was $25,014,000 compared with $16,578,000 for the same period a year ago. Net income attributable to common shareholders was $16,591,000 or $0.26 per basic and diluted share compared with $8,730,000 or $0.14 per basic and diluted share for the same period a year ago. FFO was $41,319,000 or $0.54 per diluted share compared with $30,601,000 or $0.40 per diluted share for the same period a year ago. FFO available to common share and unit holders was $35,237,000 compared with $24,497,000 for the same period a year ago. Adjusted FFO available to common share and unit holders was $35,985,000 or $0.56 per diluted share compared with $26,361,000 or $0.43 per diluted share for the same period a year ago. Adjusted EBITDA was $53,256,000 compared with $42,844,000 for the same period a year ago. For the six months, the company reported total revenues of $273,166,000 compared with $231,215,000 for the same period a year ago. Operating income was $36,877,000 compared with $23,615,000 for the same period a year ago. Income before tax was $26,801,000 compared with $13,734,000 for the same period a year ago. Net income attributable to common shareholders was $14,588,000 or $0.22 per basic and diluted share compared with $3,814,000 or $0.06 per basic and diluted share for the same period a year ago. FFO was $63,495,000 or $0.79 per diluted share compared with $46,130,000 or $0.57 per diluted share for the same period a year ago. FFO available to common share and unit holders was $51,332,000 compared with $35,358,000 for the same period a year ago. Adjusted FFO available to common share and unit holders was $52,858,000 or $0.82 per diluted share compared with $38,374,000 or $0.62 per diluted share for the same period a year ago. Adjusted EBITDA was $82,797,000 compared with $64,830,000 for the same period a year ago. The company provided earnings guidance for the third quarter of 2014 and revised earnings guidance for the full year of 2014. For the third quarter, the company expects to report adjusted EBITDA in the range of $58.4 million to $60.4 million, adjusted FFO in the range of $38.9 million to $40.9 million, adjusted FFO per diluted share in the range of $0.60 to $0.63. The company is forecasting same-property RevPAR to increase by 7% to 8%, with again the vast majority of it coming from ADR growth. Same-property hotel EBITDA range is $64.5 million to $66.5 million, with same-property EBITDA increasing by 175 basis points to 225 basis points. For the year, the company expects to report net income in the range of $61.9 million to $65.9 million, net income per share in the range of $0.96 to $1.02, adjusted FFO in the range of $120.9 million to $124.9 million and total capital investments related to renovations, capital maintenance and return on investment projects in the range of $50.0 million to $60.0 million. Outlook for FFO and adjusted EBITDA increased the prior ranges. The increases are due to the 2 acquisitions recently made, as well as the outperformance in the second quarter and slightly better performance forecasted for the remainder of the year, partially offset by an increase in G&A expense due to an accrual for potential additional performance compensation and additional pre-opening costs at the property level. Same-property EBITDA margins are now forecasted to grow an additional 25 basis points from its prior outlook for 2014, primarily as a result of better performance in the first half and a slightly better expected performance in the second half. Adjusted corporate EBITDA is now forecasted in a range of $187.2 million to $191.2 million, an increase of $9.6 million at the low end and $8.6 million at the high end. Outlook for adjusted FFO per share goes from the previous range of $1.78 to $1.86 to its current forecast of $1.87 to $1.93, which represents an increase of $0.07 to $0.09 for the year. Economic trends, travel trends and business on its books all remain supportive of its forecast of strong growth for 2014.

Pebblebrook Hotel Trust to Report Q2, 2014 Results on Jul 24, 2014

Pebblebrook Hotel Trust announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 24, 2014

Pebblebrook Hotel Trust, Q2 2014 Earnings Call, Jul 25, 2014

Pebblebrook Hotel Trust, Q2 2014 Earnings Call, Jul 25, 2014

 

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