Pebblebrook Hotel (PEB) came out with quarterly funds from operations (FFO) of $0.20 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to FFO of $0.21 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Pebblebrook Hotel (PEB), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Pebblebrook Hotel Trust's preferred shares offer attractive yields, with Series E being the most appealing due to its 10% discount to principal value. The REIT's FFO and AFFO performance are strong, with a payout ratio for preferred dividends expected to remain around 20%. Despite a lower yield than previously discussed, Pebblebrook's preferred shares still offer a 300+ bps premium over 5Y and 10Y US Treasury yields.
Pebblebrook Hotel Trust (NYSE:PEB ) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Raymond Martz - Co-President, Chief Financial Officer, Treasurer and Secretary Jon Bortz - Chairman, President and Chief Executive Officer Thomas Fisher - Co-President and Chief Investment Officer Conference Call Participants Dori Kesten - Wells Fargo Jay Kornreich - Wedbush Securities Smedes Rose - Citi Ari Klein - BMO Capital Markets Duane Pfennigwerth - Evercore ISI Gregory Miller - Truist Securities Michael Bellisario - Baird Operator Greetings and welcome to Pebblebrook Hotel Trust Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.
While the top- and bottom-line numbers for Pebblebrook Hotel (PEB) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Pebblebrook Hotel (PEB) came out with quarterly funds from operations (FFO) of $0.59 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to FFO of $0.61 per share a year ago.
PEB's Q3 earnings are likely to have benefited from business group, transient and leisure travel demand. However, high-interest expenses raise concerns.
Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Pebblebrook Hotel (PEB) and Omega Healthcare Investors (OHI). But which of these two companies is the best option for those looking for undervalued stocks?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Pebblebrook Hotel (PEB) and Omega Healthcare Investors (OHI). But which of these two stocks is more attractive to value investors?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Raymond Martz, Pebblebrook Hotel Trust CFO, joins CNBC's 'The Exchange' to discuss how the company is preparing for Hurricane Milton to its properties,