2023-04-26 16:24:07 ET
- Pebblebrook Hotel press release ( NYSE: PEB ): Q1 FFO of $0.14 beats by $0.04 .
- Revenue of $305.72M (+18.5% Y/Y) beats by $14.13M .
- Same-Property Total RevPAR increased 23.8% vs. 2022
- Business demand, both group and transient, continues to recover, benefiting our urban markets as well as our resorts; group revenue pace for Q2-Q4 2023 is up 20% over the prior year, with ADR ahead by 8.7%
- Q2 2023 OUTLOOK
- Net income: $34.0 to $38.9 million
- Same-Property RevPAR(1) +1.0% to +4.0% vs. 2022
- Adjusted EBITDAre: $107.5 to $113.0 million
- Adjusted FFO per diluted share: $0.52 to $0.57 vs $0.62 consensus
For further details see:
Pebblebrook Hotel FFO of $0.14 beats by $0.04, revenue of $305.72M beats by $14.13M