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PEB logoPebblebrook Hotel Trust(PEB)Earnings, Financials & Key Ratios

PEB•NYSE•REIT / Real Estate
$14.32
$1.62B mkt cap·Price updated May 6, 2026
SectorReal EstateIndustryHotel REITsSub-IndustryUrban lifestyle and boutique hotels
AboutPebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (REIT) and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 53 hotels, totaling approximately 13,200 guestrooms across 14 urban and resort markets, with a focus on the west coast gateway cities.Show more
  • Revenue$1.48B+1.5%
  • FFO$162M-28.2%
  • FFO/Share1.38-26.5%
  • FFO Payout2.94%+36.3%
  • FFO per Share1.38-26.5%
  • NOI Margin-6.69%-126.6%
  • FFO Margin10.97%-29.2%
  • ROE-2.46%-1534.5%
  • ROA-1.19%-1517.5%
  • Debt/Assets45.94%+1.9%
  • Net Debt/EBITDA7.50-0.3%
  • Book Value/Share21.90-5.9%
Technical→

PEB Key Insights

Pebblebrook Hotel Trust (PEB) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 30.0%
  • ✓Sustainable FFO payout ratio of 2.9%
  • ✓Share count reduced 2.3% through buybacks
  • ✓Trading near 52-week high
  • ✓Trading at only 0.7x book value

✗Weaknesses

  • ✗FFO declining 27.8% TTM
  • ✗Low NOI margin of -6.7%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

PEB Price & Volume

Pebblebrook Hotel Trust (PEB) stock price & volume — 10-year historical chart

Loading chart...

PEB Growth Metrics

Pebblebrook Hotel Trust (PEB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.71%
5 Years27.21%
3 Years1.96%
TTM2.84%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-607.83%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-64.1%

Return on Capital

10 Years1.27%
5 Years0.53%
3 Years1.31%
Last Year1.45%

PEB Recent Earnings

Pebblebrook Hotel Trust (PEB) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 28, 2026
EPS
$0.26
Est $0.31
+16.1%
Revenue
$346M
Est $331M
+4.4%
Q1 2026
Feb 25, 2026
EPS
$0.27
Est $0.23
+17.4%
Revenue
$349M
Est $342M
+2.0%
Q4 2025
Nov 5, 2025
EPS
$0.51
Est $0.50
+2.0%
Revenue
$399M
Est $345M
+15.5%
Q3 2025
Jul 29, 2025
EPS
$0.65
Est $0.58
+12.1%
Revenue
$408M
Est $400M
+1.9%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 28, 2026
$0.26vs $0.31+16.1%
$346Mvs $331M+4.4%
Q1 2026Feb 25, 2026
$0.27vs $0.23+17.4%
$349Mvs $342M+2.0%
Q4 2025Nov 5, 2025
$0.51vs $0.50+2.0%
$399Mvs $345M+15.5%
Q3 2025Jul 29, 2025
$0.65vs $0.58+12.1%
$408Mvs $400M+1.9%
Based on last 12 quarters of dataView full earnings history →

PEB Peer Comparison

Pebblebrook Hotel Trust (PEB) competitors in Urban lifestyle and boutique hotels — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
RLJ logoRLJRLJ Lodging TrustDirect Competitor1.33B8.77592.57-1.43%1.82%1.13%8.81%1.06
SHO logoSHOSunstone Hotel Investors, Inc.Direct Competitor1.9B10.02236.886%3.58%1.81%4.15%0.48
DRH logoDRHDiamondRock Hospitality CompanyDirect Competitor2.17B10.6424.18-0.83%9.26%6.85%7.48%0.81
XHR logoXHRXenia Hotels & Resorts, Inc.Direct Competitor1.54B16.7326.143.8%6.2%5.53%5.83%1.21
CLDT logoCLDTChatham Lodging TrustDirect Competitor419.6M8.9263.71-6.98%5.1%1.92%9.43%0.46
HST logoHSTHost Hotels & Resorts, Inc.Product Competitor14.65B21.3121.537.02%12.43%10.83%6.48%0.83
PK logoPKPark Hotels & Resorts Inc.Product Competitor2.29B11.37-8.01-2.23%-8.49%-6.71%4.46%1.38
RHP logoRHPRyman Hospitality Properties, Inc.Product Competitor6.82B108.1428.6810.15%9.93%23.77%3.41%3.54

Compare PEB vs Peers

Pebblebrook Hotel Trust (PEB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs RLJ

Most directly comparable listed peer for PEB.

Scale Benchmark

vs BKNG

Larger-name benchmark to compare PEB against a more recognizable public peer.

Peer Set

Compare Top 5

vs RLJ, SHO, DRH, XHR

PEB Income Statement

Pebblebrook Hotel Trust (PEB) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue769.32M828.68M1.61B442.89M733.04M1.39B1.42B1.45B1.48B1.5B
Revenue Growth %-5.77%7.72%94.55%-72.53%65.51%89.88%2.02%2.35%1.53%2.84%
Property Operating Expenses516.47M566.02M1.1B493.76M608.25M1.01B1.07B1.09B1.57B968.21M
Net Operating Income (NOI)
252.84M▲ 0%
262.65M▲ 3.9%
513.03M▲ 95.3%
-50.87M▼ 109.9%
124.79M▲ 345.3%
382.28M▲ 206.3%
354.27M▼ 7.3%
366.12M▲ 3.3%
-98.73M▼ 127.0%
532.73M▲ 0%
NOI Margin %32.87%31.7%31.82%-11.49%17.02%27.46%24.95%25.19%-6.69%35.49%
Operating Expenses126.34M130.99M283.69M241.84M214.58M367.56M316.46M282.1M-173.98M371.75M
G&A Expenses24.05M22.51M34.05M45.16M38.17M39.19M44.79M48.08M49.47M48.29M
EBITDA769.32M765.44M464.22M-68.15M134.46M254.31M278.45M313.56M302.91M277.55M
EBITDA Margin %100%92.37%28.79%-15.39%18.34%18.27%19.61%21.58%20.53%18.49%
Depreciation & Amortization648.81M698.46M234.88M224.56M224.25M239.58M240.65M229.53M227.66M222.09M
D&A / Revenue %84.34%84.29%14.57%50.7%30.59%17.21%16.95%15.79%15.43%14.8%
Operating Income
120.5M▲ 0%
66.97M▼ 44.4%
229.34M▲ 242.4%
-292.71M▼ 227.6%
-89.79M▲ 69.3%
14.72M▲ 116.4%
37.81M▲ 156.8%
84.03M▲ 122.2%
75.25M▼ 10.4%
55.46M▲ 0%
Operating Margin %15.66%8.08%14.23%-66.09%-12.25%1.06%2.66%5.78%5.1%3.69%
Interest Expense37.3M53.92M108.47M086.89M83.52M107.56M102.48M103.33M1000K
Interest Coverage3.63x1.23x2.05x--1.14x-0.01x0.32x0.75x0.46x-
Non-Operating Income-14.84M487K7.09M6.78M9.63M15.9M3.88M7.16M27.85M-8.17M
Pretax Income
100.44M▲ 0%
15.13M▼ 84.9%
120.9M▲ 699.2%
-396.29M▼ 427.8%
-186.31M▲ 53.0%
-84.7M▲ 54.5%
-73.62M▲ 13.1%
-25.61M▲ 65.2%
-55.94M▼ 118.4%
-39.05M▲ 0%
Pretax Margin %13.06%1.83%7.5%-89.48%-25.42%-6.09%-5.18%-1.76%-3.79%-2.6%
Income Tax181K1.74M5.17M-3.7M61K277K655K-25.63M6.29M9.47M
Effective Tax Rate %0.18%11.52%4.28%0.93%-0.03%-0.33%-0.89%100.06%-11.25%-24.25%
Net Income
99.89M▲ 0%
13.39M▼ 86.6%
115.44M▲ 762.0%
-391.73M▼ 439.3%
-184.86M▲ 52.8%
-87.17M▲ 52.8%
-78.02M▲ 10.5%
-4.24M▲ 94.6%
-65.81M▼ 1451.4%
-62.56M▲ 0%
Net Margin %12.98%1.62%7.16%-88.45%-25.22%-6.26%-5.49%-0.29%-4.46%-4.17%
Net Income Growth %35.53%-86.59%761.96%-439.33%52.81%52.84%10.5%94.56%-1451.41%-607.83%
Funds From Operations (FFO)
748.7M▲ 0%
711.86M▼ 4.9%
350.32M▼ 50.8%
-167.17M▼ 147.7%
39.39M▲ 123.6%
152.41M▲ 286.9%
162.63M▲ 6.7%
225.29M▲ 38.5%
161.85M▼ 28.2%
159.53M▲ 0%
FFO Margin %97.32%85.9%21.73%-37.75%5.37%10.95%11.45%15.5%10.97%10.63%
FFO Growth %-0.28%-4.92%-50.79%-147.72%123.56%286.9%6.7%38.53%-28.16%329.79%
FFO per Share10.709.582.68-1.280.301.171.341.881.381.41
FFO Payout Ratio %14.34%14.85%52.76%-32.28%13.4%3.47%3.06%2.16%2.94%2.22%
EPS (Diluted)
1.19▲ 0%
0.18▼ 84.9%
0.63▲ 250.0%
-3.25▼ 615.9%
-1.80▲ 44.6%
-0.95▲ 47.2%
-0.93▲ 2.1%
-0.39▲ 58.1%
-0.90▼ 130.8%
-0.55▲ 0%
EPS Growth %85.94%-84.87%250%-615.87%44.62%47.22%2.11%58.06%-130.77%-64.1%
EPS (Basic)1.200.180.63-3.25-1.80-0.95-0.93-0.39-0.90-
Diluted Shares Outstanding69.98M74.29M130.72M130.61M130.8M130.45M121.81M119.78M117.03M113.33M

PEB Balance Sheet

Pebblebrook Hotel Trust (PEB) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets2.59B6.97B6.5B6.08B6.26B6.13B5.82B5.69B5.35B5.3B
Asset Growth %-7.77%169.01%-6.76%-6.5%3.04%-2.04%-5.03%-2.26%-6.06%-16.03%
Real Estate & Other Assets2.46B6.53B6.33B5.88B6.13B6.04B5.59B5.44B5.12B0
PP&E (Net)29.04M199.75M00000000
Investment Securities-1000K-1000K00000000
Total Current Assets105.38M244.41M165.97M194.34M129.29M97.53M237.55M256.72M230.39M235.9M
Cash & Equivalents25.41M83.37M30.1M124.27M58.52M41.04M183.75M206.65M184.19M196.21M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets50.77M101.15M26.78M12.03M-18.84M11.23M9.89M10.94M12.02M0
Intangible Assets29.04M199.75M00000000
Total Liabilities1.09B3.21B2.87B2.81B3.1B3.05B2.97B2.91B2.79B2.77B
Total Debt885.24M2.75B2.74B2.79B2.76B2.71B2.64B2.57B2.46B0
Net Debt859.83M2.66B2.71B2.67B2.7B2.67B2.46B2.36B2.27B-196.21M
Long-Term Debt885.24M2.75B2.23B2.28B2.44B1.88B1.4B2.23B2.12B0
Short-Term Borrowings00000507.6M922.4M17.18M00
Capital Lease Obligations00512.54M510.21M319.43M320.4M320.62M320.74M333.07M986.91M
Total Current Liabilities182.72M461.52M381.13M276.46M335.97M848.9M1.26B355.17M328.28M113.8M
Accounts Payable141.29M360.28M260.17M226.45M250.58M250.52M238.64M222.23M199.63M0
Deferred Revenue-45M54.74M57.7M36.06M69.06M73.6M76.87M92.35M104.9M113.8M
Other Liabilities7.53M352.04M-57.7M0000002.66B
Total Equity
1.5B▲ 0%
3.76B▲ 150.2%
3.63B▼ 3.4%
3.26B▼ 10.1%
3.16B▼ 3.1%
3.08B▼ 2.5%
2.85B▼ 7.6%
2.79B▼ 2.2%
2.56B▼ 8.1%
2.53B▲ 0%
Equity Growth %-6.56%150.17%-3.44%-10.12%-3.08%-2.51%-7.59%-2.19%-8.08%-27.11%
Shareholders Equity1.5B3.75B3.62B3.26B3.16B3B2.76B2.7B2.47B2.44B
Minority Interest4.63M10.1M10.73M6.99M7.72M88.03M86.84M90.45M94.12M94.3M
Common Stock688K1.3M1.3M1.31M1.31M1.26M1.2M1.19M1.13M1.13M
Additional Paid-in Capital1.69B4.07B4.07B4.17B4.27B4.18B4.08B4.07B3.97B0
Retained Earnings-191.01M-308.81M-425M-853.97M-1.09B-1.22B-1.34B-1.39B-1.5B-1.53B
Preferred Stock100K204K204K204K296K286K276K276K271K0
Return on Assets (ROA)3.7%0.28%1.71%-6.23%-3%-1.41%-1.3%-0.07%-1.19%-1.14%
Return on Equity (ROE)6.42%0.51%3.12%-11.36%-5.75%-2.79%-2.63%-0.15%-2.46%-2.4%
Debt / Assets34.17%39.41%42.19%45.93%44.1%44.15%45.33%45.1%45.94%0%
Debt / Equity0.59x0.73x0.75x0.85x0.87x0.88x0.93x0.92x0.96x0.96x
Net Debt / EBITDA1.12x3.48x5.84x-20.10x10.49x8.82x7.53x7.50x7.50x
Book Value per Share21.4850.6327.7824.9924.1923.6423.4023.2821.9022.34

PEB Cash Flow Statement

Pebblebrook Hotel Trust (PEB) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations195.05M135.7M395.2M-201.78M70.77M278.75M236.2M275M249.73M249.73M
Operating CF Growth %-19.15%-30.43%191.24%-151.06%135.07%293.9%-15.26%16.43%-9.19%22.3%
Operating CF / Revenue %25.35%16.38%24.51%-45.56%9.65%20.03%16.63%18.92%16.92%16.64%
Net Income100.26M13.38M115.72M-392.59M-186.37M-84.98M-74.28M16K-62.23M-62.56M
Depreciation & Amortization102.29M108.47M234.88M224.56M224.25M239.58M240.65M229.53M227.66M222.09M
Stock-Based Compensation5.65M6.23M8.24M22.78M11.43M11.35M12.54M13.6M13.72M12.8M
Other Non-Cash Items7.3M24.26M26.11M23.75M21.73M102.13M65.63M42.16M58.97M97.43M
Working Capital Changes-9.16M-21.77M13.07M-37.42M49.59M10.66M-8.35M18.17M7.42M-10.8M
Cash from Investing131.17M-1.78B299.97M250.12M-81.57M-109.39M142.02M-92.83M10.32M22.22M
Acquisitions (Net)8M-1.37B-125K-248.76M84.18M111.82M0000
Purchase of Investments-1.25M-356.18M-637K-1.35M-256.28M-249.63M0000
Sale of Investments205.48M6.66M470.35M375.13M255.93M254.55M0000
Other Investing123.21M-55.89M-168.87M250.12M-81.57M-109.39M142.02M-92.83M10.32M22.22M
Cash from Financing-334.22M1.72B-746.11M31.08M-33.25M-209.34M-236.85M-158.22M-281.44M-319.24M
Dividends Paid-123.42M-121.82M-217.39M-86.52M-44.72M-52.66M-53.58M-52.05M-51.92M-38.91M
Common Dividends-107.33M-105.73M-184.84M-53.96M-5.28M-5.29M-4.97M-4.87M-4.76M-3.55M
Debt Issuance (Net)-1000K1000K-1000K1000K-1000K-1000K-1000K-1000K-1000K-549K
Share Repurchases-95.98M-2.51M-4.01M-1.25M-720K-70.72M-92.75M-16.85M-78.71M-68.93M
Other Financing-5.5M-30.56M-1.5M-56.15M-54.17M-2.58M-3.64M-23.89M-1.36M-105.92M
Net Change in Cash
-8M▲ 0%
75.28M▲ 1041.0%
-50.94M▼ 167.7%
79.42M▲ 255.9%
-44.05M▼ 155.5%
-39.98M▲ 9.3%
141.37M▲ 453.6%
23.95M▼ 83.1%
-21.39M▼ 189.3%
-16.64M▲ 0%
Exchange Rate Effect000000000-3.06M
Cash at Beginning33.41M32.53M107.81M56.88M136.3M92.25M52.27M193.64M217.59M196.2M
Cash at End25.41M107.81M56.88M136.3M92.25M52.27M193.64M217.59M196.2M204.6M
Free Cash Flow
195.01M▲ 0%
135.53M▼ 30.5%
394.45M▲ 191.0%
-326.79M▼ 182.8%
-13.06M▲ 96.0%
162M▲ 1340.3%
236.2M▲ 45.8%
275M▲ 16.4%
152.33M▼ 44.6%
256.79M▲ 0%
FCF Growth %-19.15%-30.5%191.04%-182.85%96%1340.35%45.8%16.43%-44.61%-29.07%
FCF / Revenue %25.35%16.36%24.47%-73.79%-1.78%11.64%16.63%18.92%10.32%17.11%

PEB Key Ratios

Pebblebrook Hotel Trust (PEB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
FFO per Share10.79.582.68-1.280.31.171.341.881.381.41
FFO Payout Ratio14.34%14.85%52.76%-32.28%13.4%3.47%3.06%2.16%2.94%2.22%
NOI Margin32.87%31.7%31.82%-11.49%17.02%27.46%24.95%25.19%-6.69%35.49%
Net Debt / EBITDA1.12x3.48x5.84x-20.10x10.49x8.82x7.53x7.50x7.50x
Debt / Assets34.17%39.41%42.19%45.93%44.1%44.15%45.33%45.1%45.94%0%
Interest Coverage3.63x1.23x2.05x--1.14x-0.01x0.32x0.75x0.46x-
Book Value / Share21.4850.6327.7824.9924.1923.6423.423.2821.922.34
Revenue Growth-5.77%7.72%94.55%-72.53%65.51%89.88%2.02%2.35%1.53%2.84%

PEB SEC Filings & Documents

Pebblebrook Hotel Trust (PEB) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 28, 2026·SEC

Material company update

Mar 16, 2026·SEC

Material company update

Mar 10, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 26, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 28, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Jul 29, 2025·SEC

PEB Frequently Asked Questions

Pebblebrook Hotel Trust (PEB) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Pebblebrook Hotel Trust (PEB) reported $1.50B in revenue for fiscal year 2025.

Pebblebrook Hotel Trust (PEB) grew revenue by 1.5% over the past year. Growth has been modest.

Pebblebrook Hotel Trust (PEB) reported a net loss of $62.6M for fiscal year 2025.

Dividend & Returns

Yes, Pebblebrook Hotel Trust (PEB) pays a dividend with a yield of 0.28%. This makes it attractive for income-focused investors.

Pebblebrook Hotel Trust (PEB) has a return on equity (ROE) of -2.5%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Pebblebrook Hotel Trust (PEB) generated Funds From Operations (FFO) of $159.5M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Explore More PEB

Pebblebrook Hotel Trust (PEB) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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