PEB · Pebblebrook Hotel Trust
Market Cap
$2.09B
Shares
112.84M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$18.12
Open$18.41
Day$18.01–18.49
52W close$10.20–19.75
Avg vol 30d2.0M
Short int14.6M · 12.9% float · 6.6d
Short vol61%
Last earningsJul 30, 2026
DataJan 2020–Aug 2026
Filing10-Q · Jul 29
Up next
Next earnings call
Nov 3, 2026
Est · unconfirmed
· in 9 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Jul 29, 2026
AI Brief
Q1 FY26 earnings call · Apr 29, 2026
Q1 FY26
TL;DR. Pebblebrook reported an exceptional Q1 2026 with same-property Hotel EBITDA up 27.6% to $82.2 million and Adjusted FFO per diluted share doubling to $0.32, both well above the high end of outlook, driven by broad-based urban and resort demand strength and 327 bps of margin expansion. The company raised its full-year 2026 outlook, increasing Adjusted EBITDAre midpoint by $10.0 million and AFFO per share midpoint by $0.09.
Bullish
- + Same-property Hotel EBITDA of $82.2 million was $8.2 million above the high end of outlook; Adjusted EBITDAre of $73.3 million was $9.3 million above the high end.
- + Adjusted FFO per diluted share doubled year-over-year to $0.32, $0.09 above the high end of outlook. new
- + Same-property RevPAR rose 11.8% with occupancy up 550 bps and ADR up 2.8%, driving 327 bps of Hotel EBITDA margin expansion as expenses rose only 5.6% versus 10.1% revenue growth. new
- + San Francisco RevPAR +44.5% with hotel EBITDA more than tripling (+$11.6 million), and Los Angeles RevPAR +31.5% with occupancy up 16+ points, recapturing all of last year's fire-related Q1 EBITDA loss. new
- + Urban portfolio RevPAR +14.3% and EBITDA +55.1%; 32 properties exceeded revenue forecast and 34 exceeded GOP forecast. new
- + Raised full-year 2026 outlook: Adjusted EBITDAre midpoint up $10.0 million to $336–$348 million, Same-Property Total RevPAR growth midpoint up 75 bps to 3.0%–5.0%, and Adjusted FFO per diluted share midpoint up $0.09 to $1.60–$1.70. new
Bearish
- − Q1 net loss of $18.4 million. new
- − Resort same-property EBITDA declined 13.9% despite RevPAR rising 7.5%. new
- − Washington, D.C. RevPAR fell 24.1% on a difficult inauguration comparison and continued weakness in government-related travel. new
- − Boston RevPAR declined 3% due to a lighter citywide calendar, two major winter storms and the Revere Hotel Boston Common rooms renovation. new
- − Visibility has shortened somewhat since late March and recent geopolitical events have increased economic risks and uncertainties, prompting a cautious stance on the remainder of the year. new
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Neutral
Momentum
Strong
Sentiment
Bullish
Fundamentals
Weak
Quant / Vol
Moderate
Market backdrop
VIX 14.9 · calm
Equity put/call 0.70
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+26%
above
Price vs 50-day avg
−3%
below
RSI (14)
44
neutral
MACD trend
Negative
52-week position
83%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−7%
trailing
6-month return
+42%
trailing
YTD return
+60%
this year
Relative strength
+29%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $19 › 200d $14 — 50d above 200d
Institutional flow
Accumulating
+12% holders QoQ · +57 funds added
Insider flow
Accumulating
Net +$971.3K over 90 days · 50% sells
Short interest
Rising
12.91% of float · ▲ +11.9% MoM · 6.6 days cover
Volume signal
Reversal watch
High volume on a down day — possible exhaustion
Institution breadth
Multi-yr high
293 holders — near 3-yr high, broad support
Squeeze score
67
elevated · 0–100
Fundamentals
Revenue growth
+2%
Y/Y
EPS growth
−131%
Y/Y
Buyback
$200.0M
authorized
Balance sheet
$1.9B
net debt
Quant / Vol
risk profile
Volatility
32%
annualized · 1-yr
Max drawdown
−16%
past year
ATR
2.8%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Jul 29, 2026
Capital investments
· 2026
$65M – $75M
Prior guidance
period ended
· from the 8-K filed Nov 5, 2025
Adjusted EBITDAre
· 2025
$332.5M – $341.5M
Adjusted FFO per diluted share
· 2025
$1.50 – $1.57
Capital Investments
· 2025
$65M – $75M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+26%
Bullish
Price vs 50-day avg
−3%
Neutral
RSI (14)
44
Neutral
MACD trend
Negative
Bearish
52-week position
83%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross)
No cross
50d $19 › 200d $14 — 50d above 200d
Institutional flow
Accumulating
+12% holders QoQ · +57 funds added
Insider flow
Accumulating
Net +$971.3K over 90 days · 50% sells
Short interest
Rising
12.91% of float · ▲ +11.9% MoM · 6.6 days cover
Volume signal
Reversal watch
High volume on a down day — possible exhaustion
Institution breadth
Multi-yr high
293 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $10
Now $18 · 83%
Range high $20
vs 200-day avg +26%
vs 50-day avg -3%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDAre non-GAAP | $189.5M | Six months ended June 30, 2026 | — |
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| Adjusted FFO non-GAAP | $114.5M | Six months ended June 30, 2026 | — |
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| Adjusted FFO per common share - diluted non-GAAP | $0.99 | Six months ended June 30, 2026 | — |
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| Adjusted FFO per diluted share non-GAAP | $0.99 | Six months ended June 30, 2026 | — |
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| Capital Investments | $12.5M | Q2 2026 | — |
| EBITDAre non-GAAP | $111.9M | the three months ended June 30, 2026 filing | — |
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GAAP → non-GAAP reconciliationGAAP EBITDA $110.78M
+$1.11M Impairment
= EBITDAre $111.9M
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| FFO non-GAAP | $78.07M | the three months ended June 30, 2026 filing | — |
| FFO per common share - diluted non-GAAP | $0.64 | Q2 2026 | — |
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| Free Cash Flow per diluted share non-GAAP | $0.76 | Six months ended June 30, 2026 | — |
| Hotel EBITDA non-GAAP | $123.82M | the three months ended June 30, 2026 filing | — |
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| Same-Property ADR | $321.31 | Six months ended June 30, 2026 | — |
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| Same-Property Hotel EBITDA non-GAAP | $123.3M | Q2 2026 | — |
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| Same-Property Occupancy | 73.9% | Six months ended June 30, 2026 | — |
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| Same-Property RevPAR | $237.61 | Six months ended June 30, 2026 | — |
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| Same-Property Room Revenues | $258.2M | Q2 2026 | — |
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| Same-Property Total Expenses | $280M | Q2 2026 | — |
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| Same-Property Total Revenues | $403.3M | Q2 2026 | — |
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| Same-Property Total RevPAR | $375.55 | Six months ended June 30, 2026 | — |
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| weighted-average debt maturity | 2.7 | as of June 30, 2026 | — |
| weighted-average interest rate | 4.1% | as of June 30, 2026 | — |
| Weighted-average number of basic common shares and units | 114,095,550 | Q2 2026 | — |
| Weighted-average number of fully diluted common shares and units | 114,720,192 | Q2 2026 | — |
| Adjusted FFO per common share - basic non-GAAP | $0.32 | Q1 2026 | — |
| Average price of common shares repurchased | $11.37 | 2025 | — |
| Average price of common shares repurchased since October 2022 | $13.37 | Since October 2022 | — |
| Common shares repurchased | 6.3M | 2025 | — |
| Common shares repurchased since October 2022 | 18.5M | Since October 2022 | — |
| Curator member properties | 91 | As of December 31, 2025 | — |
| Curator preferred vendor agreements | 121 | As of December 31, 2025 | — |
| Number of hotels and resorts owned | 44 | As of December 31, 2025 | — |
| Preferred shares average discount to liquidation preference | 24.3% | 2025 | — |
| Preferred shares repurchased | 0.5M | 2025 | — |
| Same-Property EBITDA | 367.8M | Twelve months ended December 31, 2025 | +5.6% |
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| Same-Property EBITDA Margin | 25.9% | Twelve months ended December 31, 2025 | +6.1% |
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| Same-Property RevPAR variance to 2024 - Chicago | 3.3% | Twelve months ended December 31, 2025 | — |
| Same-Property RevPAR variance to 2024 - Los Angeles | 0.8% | Three months ended December 31, 2025 | — |
| Same-Property RevPAR variance to 2024 - Other Resort Markets | 4.2% | Twelve months ended December 31, 2025 | — |
| Same-Property RevPAR variance to 2024 - Portland | 4.5% | Twelve months ended December 31, 2025 | — |
| Same-Property RevPAR variance to 2024 - Resorts | 0.8% | Twelve months ended December 31, 2025 | — |
| Same-Property RevPAR variance to 2024 - San Francisco | 17.5% | Twelve months ended December 31, 2025 | — |
| Same-Property RevPAR variance to 2024 - Southern Florida/Georgia | 1.7% | Twelve months ended December 31, 2025 | — |
| Same-Property RevPAR variance to 2024 - Urban | 1.4% | Three months ended December 31, 2025 | — |
| Total guest rooms | 11,000 | As of December 31, 2025 | — |
| Total Hotel EBITDA | 350.8M | Full Year 2025 | — |
| Total outstanding preferred equity securities | $754.3M | 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Hotel & Motel — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
PEB
this stock
Pebblebrook Hotel Trust
|
$2.09B | +60.1% | +1.5% | — | 12.9% |
|
HST
Host Hotels & Resorts, Inc.
|
$15.26B | +23.7% | -0.8% | 14.9 | 6.4% |
|
RHP
Ryman Hospitality Properties, Inc.
|
$8.16B | +34.0% | +3.1% | 31.5 | 3.4% |
|
APLE
Apple Hospitality REIT, Inc.
|
$3.77B | +34.6% | +19.0% | 21.6 | 7.6% |
|
PK
Park Hotels & Resorts Inc.
|
$3.19B | +46.3% | +2.3% | — | 16.5% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| PEB | -1.1% | -6.6% | +42.2% | -5.1% | +60.1% |
| SPY | +0.5% | +1.2% | +13.3% | +2.7% | +12.5% |
| vs SPY | -1.6% | -7.8% | +29.0% | -7.8% | +47.6% |
Capital returns
Latest dividend
$0.01
/ share · ex Jun 30, 2026
Paid (TTM)
$0.04
/ share · 4 payouts
Dividend yield (TTM, derived)
0.22%
Buyback programs
· 2 active
· as of Jul 24, 2026
Authorized (total)
$200.00M
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1474098
CUSIP
70509V100
13F (30d)
248 filings
240 filers
Visit website
Investor relations