Edition:
United States

Pebblebrook Hotel Trust (PEB.N)

PEB.N on New York Stock Exchange

39.66USD
20 Jul 2018
Change (% chg)

$-0.06 (-0.15%)
Prev Close
$39.72
Open
$39.54
Day's High
$39.73
Day's Low
$39.42
Volume
163,723
Avg. Vol
179,387
52-wk High
$41.65
52-wk Low
$31.31

Latest Key Developments (Source: Significant Developments)

Pebblebrook Hotel Trust Reports Q1 Adjusted FFO Per Diluted Share Of $0.67
Thursday, 26 Apr 2018 04:06pm EDT 

April 26 (Reuters) - Pebblebrook Hotel Trust ::REPORTS FIRST QUARTER 2018 RESULTS AND INCREASES 2018 OUTLOOK.QTRLY ADJUSTED FFO PER DILUTED SHARE $0.67.COMPANY HAS INCREASED ITS OUTLOOK FOR 2018.SEES 2018 ADJUSTED FFO PER DILUTED SHARE $2.56 TO $2.69.Q1 FFO PER SHARE VIEW $0.61 -- THOMSON REUTERS I/B/E/S.FY2018 FFO PER SHARE VIEW $2.64 -- THOMSON REUTERS I/B/E/S.EXPECTS TO COMPLETE ADDITIONAL SCHEDULED REPAIR WORK LATER IN 2018.  Full Article

Lasalle Hotel Properties Issues Statement In Response To Pebblebrook Hotel Trust's Revised Unsolicited Proposal
Tuesday, 24 Apr 2018 09:22am EDT 

April 24 (Reuters) - LaSalle Hotel Properties ::LASALLE HOTEL PROPERTIES ISSUES STATEMENT IN RESPONSE TO PEBBLEBROOK HOTEL TRUST'S REVISED UNSOLICITED PROPOSAL.LASALLE HOTEL PROPERTIES - CONFIRMED THAT ON APRIL 20 RECEIVED FROM PEBBLEBROOK HOTEL TRUST FURTHER REVISED UNSOLICITED PROPOSAL TO ACQUIRE CO.  Full Article

Pebblebrook Hotel Trust Expects Q1 AFFO Shr $0.63 - $0.65
Thursday, 12 Apr 2018 10:47am EDT 

April 12 (Reuters) - Pebblebrook Hotel Trust ::PROVIDES UPDATE ON FIRST QUARTER 2018 OUTLOOK.SEES Q1 AFFO SHR $0.63 - $0.65.Q1 FFO PER SHARE VIEW $0.54 -- THOMSON REUTERS I/B/E/S.SEES Q1 2018 SAME-PROPERTY REVPAR GROWTH OF DOWN 0.50% TO DOWN 0.25% ."ENCOURAGED" BY IMPROVED BUSINESS TRAVEL DEMAND DURING Q1, WHICH WAS MUCH STRONGER THAN EXPECTED.POSITIVE BUSINESS TRAVEL TRENDS SEEM TO BE CONTINUING INTO Q2.  Full Article

Pebblebrook Hotel Trust Releases Letters To Lasalle Hotel Properties Proposing Merger
Wednesday, 28 Mar 2018 08:30am EDT 

March 28 (Reuters) - Pebblebrook Hotel Trust ::PEBBLEBROOK HOTEL TRUST RELEASES LETTERS TO LASALLE HOTEL PROPERTIES PROPOSING MERGER.PEBBLEBROOK HOTEL TRUST - ‍PROPOSAL REPRESENTED AN IMPLIED MERGER PRICE OF $30.001 PER LASALLE COMMON SHARE​.PEBBLEBROOK HOTEL TRUST - RELEASED 2 LETTERS, DATED MARCH 6, & MARCH 20, 2018, TO LASALLE HOTEL PROPERTIES IN WHICH CO PROPOSED SHARE-FOR-SHARE MERGER.PEBBLEBROOK HOTEL TRUST - ‍PEBBLEBROOK IS PREPARED TO ENGAGE IN DISCUSSIONS AROUND PRICE AND MIX OF CONSIDERATION AS WARRANTED BY "DUE DILIGENCE"​.PEBBLEBROOK HOTEL TRUST - AS OF CLOSE ON MARCH 27, 2018, IMPLIED MERGER PRICE WAS $29.95 PER LASALLE COMMON SHARE.PEBBLEBROOK HOTEL TRUST - DEAL ‍COMBINATION WILL BE STRUCTURED AS A TAX-FREE, 100% EQUITY EXCHANGE​.PEBBLEBROOK HOTEL TRUST - ‍PEBBLEBROOK WILL ISSUE NEW SHARES TO LASALLE'S SHAREHOLDERS AND REMAIN AS SURVIVING ULTIMATE PARENT ENTITY​.  Full Article

Pebblebrook Hotel Trust Qtrly‍ Adjusted FFO Per Diluted Share $0.49​
Thursday, 22 Feb 2018 04:06pm EST 

Feb 22 (Reuters) - Pebblebrook Hotel Trust ::REPORTS 2017 RESULTS AND PROVIDES 2018 OUTLOOK.QTRLY ‍ ADJUSTED FFO PER DILUTED SHARE $0.49​.‍ SAME-PROPERTY REVPAR FOR QUARTER FELL BY 0.1 PERCENT OVER 2016 TO $188.54​.‍NET INCOME WAS $11.9 MILLION IN Q4 OF 2017, DECLINING $6.5 MILLION AS COMPARED TO SAME PERIOD OF 2016​.SEES ‍2018 NET INCOME $79.7 MILLION - $89.7 MILLION​.SEES ‍ 2018 ADJUSTED FFO PER DILUTED SHARE $2.46 - $2.61​.SEES ‍2018 SAME-PROPERTY REVPAR TO FALL BY 0.5 PERCENT TO RISE BY 1.5 PERCENT​.Q4 FFO PER SHARE VIEW $0.43 -- THOMSON REUTERS I/B/E/S.FY2018 FFO PER SHARE VIEW $2.64 -- THOMSON REUTERS I/B/E/S.  Full Article

Pebblebrook Hotel Trust provides update on reopening of Laplaya Beach Resort & Club
Monday, 20 Nov 2017 08:00am EST 

Nov 20 (Reuters) - Pebblebrook Hotel Trust :Pebblebrook Hotel Trust provides update on reopening of laplaya beach resort & club following hurricane irma.Pebblebrook Hotel Trust - ‍full restoration of laplaya continues to be on target for completion early in q1 of 2018​.  Full Article

Pebblebrook Hotel Trust reports Q3 adjusted FFO per share $0.80
Monday, 23 Oct 2017 04:01pm EDT 

Oct 24 (Reuters) - Pebblebrook Hotel Trust :Pebblebrook Hotel Trust reports third quarter 2017 results.Q3 adjusted FFO per share $0.80.Pebblebrook Hotel Trust - ‍same-property revPAR in Q3 of 2017 declined 3.1 percent versus same period of 2016 to $229.68​.Pebblebrook Hotel Trust - ‍"we remain cautious in our outlook for remainder of 2017 and will remain so until we see demand trends strengthen"​.Pebblebrook Hotel Trust sees Q4 ‍adjusted FFO per diluted share $0.39 to $0.43​.Pebblebrook Hotel Trust sees ‍Q4 adjusted EBITDA $41.7 million to $44.7 million​.Pebblebrook Hotel Trust - co's ‍189-room laplaya resort 7 club incurred damage from Hurricane Irma, which co estimates will cost about $12.0 to $15.0 million​.Q3 FFO per share view $0.73 -- Thomson Reuters I/B/E/S.Q4 FFO per share view $0.50 -- Thomson Reuters I/B/E/S.Pebblebrook Hotel Trust - estimates that due to disruption caused by Hurricane Irma, laplaya's hotel EBITDA was reduced by $0.1 million in September​.Pebblebrook Hotel Trust - ‍anticipates approximately $5.0 million less of EBITDA during Q4 related to disruption caused by Hurricane Irma ​.  Full Article

Pebblebrook Hotel Trust refinances its credit facility and term loans
Monday, 16 Oct 2017 08:00am EDT 

Oct 16 (Reuters) - Pebblebrook Hotel Trust ::Pebblebrook Hotel Trust refinances its credit facility and term loans.Pebblebrook Hotel Trust - ‍ amended and restated its $450 million senior unsecured revolving credit facility and four term loans totaling $675 million​.Pebblebrook Hotel Trust - ‍pricing on credit facility and term loans has been reduced, and overall terms and covenants have been improved​.Pebblebrook Hotel Trust - ‍$450 million credit facility and $300 million unsecured term loan were extended to January 2023​.Pebblebrook Hotel-prior $175 million term loan now consists of $65 million unsecured term loan maturing in 2022, $110 million unsecured term loan maturing in 2024​.Pebblebrook Hotel Trust - ‍company's $200 million unsecured term loan matures in 2021​.  Full Article

Pebblebrook Hotel Trust provides second update on impact from Hurricane Irma
Monday, 25 Sep 2017 08:00am EDT 

Sept 25 (Reuters) - Pebblebrook Hotel Trust :Pebblebrook Hotel Trust provides second update on impact from Hurricane Irma.Pebblebrook Hotel Trust - ‍Hotel Colonnade Coral Gables did not incur any material physical damage​.Pebblebrook Hotel Trust - ‍Laplaya Beach Resort & Club closed starting Saturday, following a mandatory evacuation order and remains closed​.Pebblebrook Hotel Trust - ‍Currently believes Laplaya Beach Resort & Club​ will reopen during Q4.Pebblebrook Hotel Trust - ‍Company does not believe that property damage or lost business at Laplaya was material​.  Full Article

Pebblebrook Hotel Trust provides update on impact from hurricane Irma
Wednesday, 13 Sep 2017 09:15am EDT 

Sept 13 (Reuters) - Pebblebrook Hotel Trust :Pebblebrook Hotel Trust provides update on impact from hurricane Irma.Pebblebrook hotel trust - ‍has experienced no significant property damage or injuries at its two hotels located in Florida as a result of hurricane Irma​.Pebblebrook Hotel Trust - ‍hotel incurred wind and water related damage from hurricane, but company believes this damage is not material​.Pebblebrook Hotel Trust - ‍company does not believe there has been material property destruction to Laplaya resort ​.  Full Article

Deals of the day-Mergers and acquisitions

June 18 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: