Pebblebrook Hotel Trust October RevPAR Up 2.8% Y/Y
November 29, 2023
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Pebblebrook Hotel Trust ($NYSE:PEB) is a publicly-traded Real Estate Investment Trust (REIT) specializing in hotel ownership and operation. In October, Pebblebrook Hotel Trust reported a 2.8% increase in RevPAR (Revenue per Available Room) year-over-year. This increase was attributed to higher occupancy and average daily rates at the company’s portfolio of high-end hotels. The company also reported higher overall occupancy and average daily rates compared with the same period last year.
These positive results are encouraging for investors as they indicate that the company is seeing increased demand for its hotels, which could result in higher profits. Pebblebrook Hotel Trust is well positioned to benefit from any future economic recovery as it continues to expand its portfolio of high-end hotels in major urban markets. The company’s growth strategy appears to be paying off as evidenced by its positive RevPAR performance in October.
Analysis
At GoodWhale, we conducted an analysis of PEBBLEBROOK HOTEL TRUST, which yielded some interesting insights. According to our Star Chart, PEBBLEBROOK HOTEL TRUST is strong in terms of its asset, medium in terms of its dividend, growth and weak in terms of its profitability. Furthermore, it has a low health score of 2/10, indicating that it is less likely to safely ride out any crisis without the risk of bankruptcy. Such companies may interest investors who are looking for long-term income investments. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PEB. More…
| Total Revenues | Net Income | Net Margin |
| 1.41k | -111.91 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PEB. More…
| Operations | Investing | Financing |
| 226.62 | 53.52 | -298.65 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PEB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6k | 3.06k | 23.64 |
Key Ratios Snapshot
Some of the financial key ratios for PEB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 3.9% |
| FCF Margin | ROE | ROA |
| – | – | – |
Peers
The company’s portfolio consists of over 60 hotels across the United States. Park Hotels & Resorts Inc, Summit Hotel Properties Inc, Braemar Hotels & Resorts Inc are all competitors in the hotel industry.
– Park Hotels & Resorts Inc ($NYSE:PK)
The company’s market cap is $2.75 billion as of 2022. The company owns and operates a portfolio of hotels and resorts in the United States and Canada. The company’s hotels and resorts are located in major metropolitan areas, including New York City, Los Angeles, San Francisco, Boston, Chicago, and Washington, D.C. The company also operates a number of smaller hotels and resorts in select markets, including Palm Springs, Florida, and Maui, Hawaii.
– Summit Hotel Properties Inc ($NYSE:INN)
Summit Hotel Properties, Inc. is a real estate investment trust. The Company owns, acquires, redevelops and repositions premium-branded select-service and extended-stay hotels in the United States. As of December 31, 2016, the Company’s portfolio included 69 hotels with approximately 10,700 guestrooms located in 27 states. The Company operates in the hotel industry segment. The Company’s primary business is to own and acquire premium-branded select-service and extended-stay hotels in the upscale and upper midscale segments of the United States lodging industry.
– Braemar Hotels & Resorts Inc ($NYSE:BHR)
With a market cap of 259.39M as of 2022, Braemar Hotels & Resorts Inc is a company that owns, operates, develops, and invests in hotels and resorts. The company’s portfolio includes properties in North America, Europe, Asia, and Australia.
Summary
Pebblebrook Hotel Trust is a real estate investment trust (REIT) that invests in upscale and luxury hotels in urban markets in the United States. Recently, the company released their October same-property RevPAR (revenue per available room) figures, revealing a 2.8 percent year-over-year increase. This news was met positively by investors, resulting in the stock price moving upwards the same day. Analysts anticipate that the increase in RevPAR will continue to be beneficial for the company in the near future, as it is a strong indicator of a hotel’s performance in terms of occupancy and rates.
It is important to note that Pebblebrook Hotel Trust has higher operating margins and a strong balance sheet, giving it an advantage over other REITs. With a solid portfolio of hotels and a strong financial position, Pebblebrook Hotel Trust is well positioned for continued success in the future.
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