Pebblebrook Hotel Trust (PEB) reported a third-quarter 2026 net loss of $54.6 million, compared with a $32.4 million loss a year earlier. Total revenue rose to $402.7 million from $398.7 million, while net loss per common share was $0.56, compared with $0.37.
The company recorded $77.3 million of non-cash impairment charges during the quarter. It raised its full-year 2026 outlook for adjusted EBITDAre to $363.3 million to $367.3 million and adjusted FFO per diluted share to $1.88 to $1.92.
- Same-property RevPAR increased 8.3%, supported by a 7.0% increase in ADR and a 1.2% occupancy increase.
- Same-property hotel EBITDA rose 15.1% to $115.2 million.
- The company repurchased 1.2 million common shares for $20.9 million during the quarter.
- Cash, cash equivalents and restricted cash totaled $298 million at September 30, 2026.
- Pebblebrook sold The Hotel Zags in Portland for $10.0 million on October 8, 2026.
