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Hotel and resort REIT Pebblebrook Hotel Trust ( NYSE: PEB ) said it has sold Sofitel Philadelphia at Rittenhouse Square for $80M, with the net proceeds used to reduce outstanding debt borrowings associated with recent hotel acquisitions. As part of the recent updates ...
The Association of American Railroads, a trade group representing primarily the major freight railroads, praised a pay raise proposed under President Biden’s Presidential Emergency Board ( PEB ) suggested resolutions to ongoing rail labor negotiations. The...
We have been focusing on preferred stocks that have lagged the big rally we have had over the last couple of months. In general, stocks that have lagged have much more upside price potential as well as higher yields than similar preferred stocks that have rallied hard. Our two fav...
Baron is an asset management firm focused on delivering growth equity investment solutions known for a long-term, fundamental, active approach to growth investing. Baron Real Estate Income Fund (the “Fund”) declined 18.43% (Institutional Shares) in the second quarter of ...
Shares of hotel REIT Pebblebrook Hotel Trust are down 25% since its 1Q22 earnings report in which management indicated that dividend normalization wouldn’t be considered until 2023. Most of the downward move came after a REIT conference, approximately ten days after which it wa...
Curator Hotel & Resort Collection (“Curator”) today formally announced preferred partnerships with six parking vendors, including AAA, ACE, LAZ, Propark Mobility, SP Plus Corporation, and Towne Park. These new partnerships provide member hotels with exceptional val...
Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that on August 2, 2022, it closed on the sale of the 306-room Sofitel Philadelphia at Rittenhouse Square in Philadelphia, PA for $80.0 million to a third party. For the trailing twelve months ended Jun...
Pebblebrook Hotel Trust (PEB) Q2 2022 Earnings Conference Call July 27, 2022 9:30 A.M. ET Company Participants Raymond Martz - Chief Financial Officer Jon Bortz - Chairman and Chief Executive Officer Tom Fisher - Chief Investment Officer Conference Call Par...
Pebblebrook Hotel press release ( NYSE: PEB ): Q2 Adjusted FFO of $0.72 (vs. -$0.10 in prior-year quarter). Revenue of $397.5M (+143.4% Y/Y). For further details see: Pebblebrook Hotel Q2 adjusted FFO, revenue up Y/Y
Pebblebrook Hotel Trust (NYSE: PEB): (1) See tables later in this press release for a description of S ame-Property information and reconciliations from net income (loss) to non-GAAP financial measures used in the table above and elsewhere in this press release. ...
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Pebblebrook Hotel Trust (NYSE: PEB): “Second quarter demand was in line with our expectations, with healthy business group, transient and leisure boosting the urban markets, and strong weekday and weekend demand positively affecting our resort portfolio. Our recently redeveloped and re...
Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that four of its high quality, upper-upscale and luxury hotels and resorts, were featured in Travel + Leisure’s 2024 World’s Best Awards, winning five awards in total. “We’re extremel...
2024-07-03 18:44:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...