Welcome to our dedicated page for Pebblebrook Hotel Trust news (Ticker: $PEB), a resource for investors and traders seeking the latest updates and insights on Pebblebrook Hotel Trust stock.
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Rhea-AI Summary
Pebblebrook Hotel Trust (PEB) has released an update on recent operating trends, providing insights into the company's current performance. The update can be found on the company's website and offers detailed information on the latest operating trends.
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Rhea-AI Sentiment
End-of-Day
4.83%
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Rhea-AI Summary
Pebblebrook Hotel Trust (PEB) successfully extended $357 million of its $460 million October 2024 maturity term loan to 2028, paying down $157.6 million of existing term loans and unsecured private placement notes. The Company utilized cash from property sales to reduce debt, with no meaningful maturities until October 2025. Approximately $2.2 billion of outstanding debt and convertible notes remain, bearing interest at a weighted average rate of 4.6%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.15%
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Rhea-AI Summary
Pebblebrook Hotel Trust (NYSE: PEB) completed the sale of Marina City retail space and two parking facilities for $30.0 million. The sales reflect an approximate 6.4% capitalization rate and a year of robust activity in property dispositions, with seven property sales totaling $330.8 million in 2023.
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Rhea-AI Sentiment
End-of-Day
1.39%
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Pebblebrook Hotel Trust (PEB) Provides Update on Recent Operating Trends
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Rhea-AI Sentiment
End-of-Day
3.59%
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Rhea-AI Summary
Pebblebrook Hotel Trust (PEB) will report its Q4 2023 financial and operating results on February 21, 2024, followed by a conference call on February 22, 2024. Investors can participate by dialing (877) 407-3982 or accessing the live webcast on the company's website.
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Rhea-AI Sentiment
End-of-Day
2.28%
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Rhea-AI Summary
Pebblebrook Hotel Trust (NYSE: PEB) declares a quarterly cash dividend of $0.01 per common share of beneficial interest and regular quarterly cash dividends on preferred shares, to be paid on January 16, 2024.
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Rhea-AI Sentiment
End-of-Day
-1.9%
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Pebblebrook Hotel Trust (PEB) Updates on Recent Operating Trends
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Rhea-AI Sentiment
End-of-Day
3.7%
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Rhea-AI Summary
Pebblebrook Hotel Trust (PEB) announced the sale of Hotel Zoe Fisherman’s Wharf in San Francisco for $68.5 million to a third party. The hotel's financial performance included a net loss of ($1.2) million, net operating income of $2.2 million, and EBITDA of $2.7 million. The sales price reflects a 25.0x EBITDA multiple and a 3.2% net operating income capitalization rate. Year to date, the company has completed $300.8 million of property dispositions from six sales, with proceeds to be used for debt reduction and share repurchases.
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Rhea-AI Sentiment
End-of-Day
0.47%
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Rhea-AI Summary
Pebblebrook Hotel Trust reports Q3 financial highlights, including a net loss of $56.5 million. Same-Property Hotel EBITDA of $114.3 million, Adjusted EBITDAre of $116.1 million, and Adjusted FFO per diluted share of $0.61. Urban markets saw a 4.3% increase in Same-Property Total RevPAR compared to 2022. Q4 group and transient revenue pace is up 13% compared to Q4 2022. Portfolio updates include the launch of Margaritaville Hotel San Diego Gaslamp Quarter and the sale of Hotel Zoe Fisherman’s Wharf for $68.5 million.
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Rhea-AI Sentiment
End-of-Day
-10.09%
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Rhea-AI Summary
Pebblebrook Hotel Trust announces sale of Hotel Zoe Fisherman’s Wharf in San Francisco for $68.5 million.
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Rhea-AI Sentiment
End-of-Day
1.99%
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Pebblebrook Hotel Trust
NYSE:PEB
PEB Rankings
PEB Stock Data
1.74B
117.98M
1.79%
124.59%
17%
Other Financial Vehicles
Finance and Insurance
United States of America
BETHESDA
About PEB
pebblebrook hotel trust is a publicly traded real estate investment trust (“reit”) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. the company owns 37 hotels, including 31 wholly owned hotels with a total of 7,402 guest rooms and a 49% joint venture interest in six hotels with a total of 1,777 guest rooms. the company owns, or has an ownership interest in, hotels located in 11 states and the district of columbia, including: san francisco, california; los angeles, california (beverly hills, hollywood, santa monica and west hollywood); boston, massachusetts; new york, new york; san diego, california; portland, oregon; buckhead, georgia; naples, florida; seattle, washington; miami, florida; washington, dc; philadelphia, pennsylvania; columbia river gorge, washington; nashville, tennessee; bethesda, maryland and minneapolis, minnesota. for more information, please visit us at www.pebblebrook