Pebblebrook Q1 net loss narrows to $18.4 million; full-year outlook raised
Pebblebrook Hotel Trust reported a first-quarter 2026 net loss of $18.4 million, narrower than the $32.2 million loss a year earlier, and raised its 2026 outlook. Same-Property Total Revenues rose 10.2% to $343.8 million, and Adjusted EBITDAre rose 29.5% to $73.3 million, which the company said was $9.3 million above the high end of its outlook. The raised guidance lifts the 2026 Adjusted EBITDAre midpoint by $10.0 million to a range of $336.0 million to $348.0 million, while management said it remains cautious for the rest of the year.
Key points
- Q1 2026 net loss of $18.4 million vs. $32.2 million in Q1 2025; Adjusted FFO per diluted share $0.32 vs. $0.16
- Same-Property Total Revenues $343.8 million, up 10.2%; Same-Property Hotel EBITDA $82.2 million, up 27.6%
- 2026 outlook as of April 28, 2026: Adjusted EBITDAre $336.0 million to $348.0 million; Adjusted FFO per diluted share $1.60 to $1.70
- Q2 2026 outlook: Adjusted FFO per diluted share $0.58 to $0.62; earnings call set for April 29, 2026
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.