Pebblebrook Hotel Trust Adjusts 2019 Outlook - Quick Facts

(RTTNews) - Pebblebrook Hotel Trust (PEB) announced, for fiscal 2019, the company now projects adjusted FFO per share in a range of $2.57 to $2.60 (midpoint down $0.06). Same-Property RevPAR growth rate is anticipated to be in a range of 0.6% to 1.2% (midpoint down 60 bps).

For the third-quarter, adjusted FFO per share was $0.77, up 4.1 percent from last year. Same-Property total RevPAR declined 1.0 percent from prior year.

"During the third quarter, our overall performance versus our expectations was impacted by weaker performance in San Diego, Los Angeles, San Francisco and Washington, D.C.," said Jon Bortz, CEO of Pebblebrook Hotel Trust.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos


Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More