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Pebblebrook Hotel Trust (PEB.N)

PEB.N on New York Stock Exchange

18.80USD
2 Dec 2020
Change (% chg)

$-0.15 (-0.79%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Pebblebrook Hotel Trust Reports Second Quarter 2020 Results
Friday, 31 Jul 2020 

July 30 (Reuters) - Pebblebrook Hotel Trust ::REPORTS SECOND QUARTER 2020 RESULTS.QTRLY FFO PER COMMON SHARE LOSS DILUTED $0.64.QTRLY ADJUSTED. FFO PER COMMON SHARE LOSS DILUTED $0.58.IS UNABLE TO PROVIDE A 2020 OUTLOOK AT THIS TIME.NO MEANINGFUL DEBT MATURITIES UNTIL NOVEMBER 2022.Q2 FFO PER SHARE VIEW $-0.58 -- REFINITIV IBES DATA.  Full Article

Pebblebrook Hotel Trust Announces Successful Amendments Of Credit Agreements Covenant Waivers And Extensions Of Debt Maturities
Wednesday, 1 Jul 2020 

July 1 (Reuters) - Pebblebrook Hotel Trust ::PEBBLEBROOK HOTEL TRUST ANNOUNCES SUCCESSFUL AMENDMENTS OF CREDIT AGREEMENTS: COVENANT WAIVERS AND EXTENSIONS OF DEBT MATURITIES.PEBBLEBROOK HOTEL TRUST - AMENDED AGREEMENTS INCLUDE $650.0 MILLION REVOLVING CREDIT FACILITY, $2.0 BILLION OF TERM LOANS, $100 MILLION PRIVATE PLACEMENT NOTES.PEBBLEBROOK HOTEL TRUST - CREDIT AGREEMENTS AND RELATED DOCUMENTS WAIVE EXISTING FINANCIAL COVENANTS THROUGH END OF Q1 OF 2021.PEBBLEBROOK HOTEL TRUST - AMENDED CREDIT AGREEMENTS AND RELATED DOCUMENTS PROVIDE SUBSTANTIALLY LESS RESTRICTIVE COVENANTS THROUGH END OF Q2 OF 2022.PEBBLEBROOK HOTEL TRUST - "EXTENSION OF MOST OF OUR 2021 TERM LOAN MEANS WE HAVE NO MEANINGFUL DEBT MATURITIES UNTIL NOVEMBER 2022".  Full Article

Pebblebrook Hotel Trust Executes Contract To Sell Union Station Hotel Nashville, Autograph Collection
Wednesday, 27 May 2020 

May 27 (Reuters) - Pebblebrook Hotel Trust ::PRESS RELEASE - PEBBLEBROOK HOTEL TRUST EXECUTES CONTRACT TO SELL UNION STATION HOTEL NASHVILLE, AUTOGRAPH COLLECTION.PEBBLEBROOK HOTEL TRUST - EXECUTED CONTRACT TO SELL UNION STATION HOTEL NASHVILLE, AUTOGRAPH COLLECTION FOR $56.0 MILLION TO A THIRD PARTY.  Full Article

Pebblebrook Hotel Trust Reports First Quarter 2020 Results
Friday, 8 May 2020 

May 7 (Reuters) - Pebblebrook Hotel Trust ::REPORTS FIRST QUARTER 2020 RESULTS.Q1 FFO PER SHARE $0.13.TEMPORARILY SUSPENDED OPERATIONS AT 46 OF 54 HOTELS AND RESORTS.DECREASED 2020 CAPITAL INVESTMENTS BY $50 MILLION.REDUCED REGULAR COMMON DIVIDEND PER SHARE TO ONE PENNY.UNABLE TO PROVIDE A 2020 OUTLOOK AT THIS TIME.HAS NO SECURED DEBT OBLIGATIONS AND NO DEBT MATURITIES UNTIL NOVEMBER 2021.Q1 FFO PER SHARE VIEW $0.14 -- REFINITIV IBES DATA.QTRLY ADJUSTED. FFO1 PER DILUTED SHARE $0.13.  Full Article

Pebblebrook Hotel Trust Announces Action Plan To Mitigate Covid-19 Impact
Monday, 23 Mar 2020 

March 23 (Reuters) - Pebblebrook Hotel Trust ::PEBBLEBROOK HOTEL TRUST ANNOUNCES ACTION PLAN TO MITIGATE COVID-19 IMPACT.PEBBLEBROOK HOTEL TRUST - CO & ITS HOTEL MANAGEMENT COS HAVE OR WILL SHORTLY BE TEMPORARILY SUSPENDING OPERATIONS AT MAJORITY OF ITS HOTELS & RESORTS.PEBBLEBROOK HOTEL TRUST - COMPANY AND ITS HOTEL MANAGEMENT COMPANIES HAVE SIGNIFICANTLY REDUCED STAFFING AND EXPENSES AT PROPERTIES THAT REMAIN OPEN.PEBBLEBROOK HOTEL TRUST - COMPANY WILL RE-EVALUATE ALL DEFERRED 2020 AND 2021 CAPITAL PROJECTS LATER IN 2020.PEBBLEBROOK HOTEL TRUST - PEBBLEBROOK IS TAKING AGGRESSIVE ACTIONS TO INCREASE LIQUIDITY, REDUCE OPERATING EXPENSES AND PRESERVE CASH.PEBBLEBROOK HOTEL TRUST - COMPANY REDUCED ITS REGULAR QUARTERLY COMMON DIVIDEND PER SHARE TO ONE PENNY, CONSERVING $50 MILLION OF CASH PER CALENDAR QUARTER.PEBBLEBROOK HOTEL TRUST - COMPANY DREW DOWN $643 MILLION ON ITS $650 MILLION UNSECURED CREDIT FACILITY OUT OF AN ABUNDANCE OF CAUTION.PEBBLEBROOK HOTEL TRUST - COMPANY HAS NO SCHEDULED DEBT MATURITIES UNTIL NOVEMBER 2021.PEBBLEBROOK HOTEL TRUST - JON E. BORTZ, CHAIRMAN, PRESIDENT, AND CEO TO FOREGO HIS SALARY FOR REMAINDER OF YEAR, EFFECTIVE APRIL 1.PEBBLEBROOK HOTEL TRUST - RAYMOND MARTZ, CFO & THOMAS FISHER, CHIEF INVESTMENT OFFICER, ARE TO REDUCE THEIR SALARIES BY 30% FOR REMAINDER OF YEAR.PEBBLEBROOK HOTEL TRUST - BOARD OF TRUSTEES TO REDUCE THEIR INDEPENDENT TRUSTEE COMPENSATION FOR 2020 BY 30%.  Full Article

Pebblebrook Hotel Trust Withdraws 2020 And Q1 2020 Outlook
Monday, 9 Mar 2020 

March 9 (Reuters) - Pebblebrook Hotel Trust ::PEBBLEBROOK HOTEL TRUST WITHDRAWS 2020 AND Q1 2020 OUTLOOK DUE TO EVOLVING IMPACT OF COVID-19.PEBBLEBROOK HOTEL - CO'S QUARTERLY AND FY GUIDANCE ISSUED ON FEB 20, 2020 SPECIFICALLY DID NOT ACCOUNT FOR ANY IMPACT FROM COVID-19 OUTBREAK.PEBBLEBROOK HOTEL TRUST - WE ARE UNLIKELY TO ACHIEVE OUR Q1 AND FULL-YEAR 2020 OUTLOOK.PEBBLEBROOK - IMPACT OF COVID-19 CONTINUES TO QUICKLY DEVELOP, THUS, DO NOT EXPECT TO ISSUE NEW GUIDANCE UNTIL HAVE MORE CLARITY ON TRAVEL DEMAND.PEBBLEBROOK - MODIFYING OPERATIONS & IMPLEMENTING COST REDUCTION PLANS TO MITIGATE IMPACT ON REVENUE THAT ARE ANTICIPATING & EXPERIENCING TODAY.  Full Article

Pebblebrook Hotel Trust Reports Quarterly EPS Of $0.08
Friday, 21 Feb 2020 

Feb 20 (Reuters) - Pebblebrook Hotel Trust ::REPORTS 2019 RESULTS AND PROVIDES 2020 OUTLOOK.QTRLY EARNINGS PER SHARE $0.08.QTRLY TOTAL REVENUE $379.4 MILLION VERSUS $235.6 MILLION.QTRLY AFFO PER SHARE $0.54.Q4 EARNINGS PER SHARE VIEW $0.05, REVENUE VIEW $370.1 MILLION -- REFINITIV IBES DATA.Q4 FFO PER SHARE VIEW $0.50 -- REFINITIV IBES DATA.OUTLOOK DOES NOT REFLECT ANY CORONAVIRUS IMPACT SINCE IT IS NOT KNOWABLE OR ABLE TO BE FORECASTED.SEES 2020 NET INCOME $198.7 MILLION TO $211.7 MILLION.SEES 2020 ADJUSTED FFO PER DILUTED SHARE $2.23 TO $2.33.SEES Q1 2020 NET INCOME $79.3 MILLION TO $86.8 MILLION.SEES Q1 2020 ADJUSTED FFO PER DILUTED SHARE $0.32 TO $0.38.FY2020 FFO PER SHARE VIEW $2.36 -- REFINITIV IBES DATA.Q1 FFO PER SHARE VIEW $0.39 -- REFINITIV IBES DATA.  Full Article

Pebblebrook Hotel Trust Q2 FFO Per Share $0.85
Friday, 26 Jul 2019 

July 25 (Reuters) - Pebblebrook Hotel Trust ::REPORTS SECOND QUARTER 2019 RESULTS.Q2 FFO PER SHARE $0.85.QTRLY ADJUSTED. FFO PER DILUTED SHARE $0.85.QTRLY SAME-PROPERTY TOTAL REVPAR +2.0% YOY AND REVPAR +1.4% YOY.SEES FY ADJUSTED FFO PER DILUTED SHARE OF $2.62 TO $2.67.SEES FY SAME-PROPERTY REVPAR GROWTH RATE OF 1.0% TO 2.0%.FOR REMAINDER OF YEAR, ANTICIPATING HEIGHTENED UNCERTAINTIES, RISKS SURROUNDING TRADE TENSIONS, A WEAKENING GLOBAL ECONOMY.BUSINESSES AND CONSUMERS SEEM TO HAVE BECOME SLIGHTLY MORE CAUTIOUS RECENTLY.REDUCING OUR OVERALL HOTEL-PERFORMANCE OUTLOOK FOR PEBBLEBROOK FOR 2019, ALONG WITH OUR INDUSTRY OUTLOOK.Q2 FFO PER SHARE VIEW $0.83 -- REFINITIV IBES DATA.FY2019 FFO PER SHARE VIEW $2.65 -- REFINITIV IBES DATA.  Full Article

Pebblebrook Hotel Trust Executes Contract To Sell Rouge Hotel
Monday, 24 Jun 2019 

June 24 (Reuters) - Pebblebrook Hotel Trust ::PEBBLEBROOK HOTEL TRUST EXECUTES CONTRACT TO SELL ROUGE HOTEL.PEBBLEBROOK HOTEL TRUST - DEAL FOR $42.0 MILLION.PEBBLEBROOK HOTEL - FOLLOWING COMPLETION, COMPANY'S ESTIMATED TOTAL NET DEBT TO TRAILING 12-MONTH CORPORATE EBITDA RATIO WILL BE ABOUT 4.6 TIMES..  Full Article

Pebblebrook Hotel Trust Reports 2018 Results And Provides 2019 Outlook
Tuesday, 26 Feb 2019 

Feb 25 (Reuters) - Pebblebrook Hotel Trust ::REPORTS 2018 RESULTS AND PROVIDES 2019 OUTLOOK.QTRLY ADJUSTED FFO PER DILUTED SHARE $0.33.SAME-PROPERTY TOTAL REVPAR FOR QUARTER REMAINED FLAT TO 2017 AT $255.98.SEES 2019 ADJUSTED FFO PER DILUTED SHARE $2.59 - $2.67.SEES 2019 SAME-PROPERTY REVPAR $210 - $214.SEES Q1 ADJUSTED FFO PER DILUTED SHARE $0.38 - $0.41.SEES 2019 PROFORMA ADJUSTED FFO PER DILUTED SHARE $2.67 - $2.75.SEES Q1 PROFORMA SAME-PROPERTY REVPAR $183 - $187.SEES Q1 PROFORMA ADJUSTED FFO PER DILUTED SHARE $0.40 - $0.42.FY2019 FFO PER SHARE VIEW $2.65 -- REFINITIV IBES DATA.Q1 FFO PER SHARE VIEW $0.48 -- REFINITIV IBES DATA.  Full Article