Should Value Investors Buy Pebblebrook Hotel Trust (PEB) Stock?
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.
Pebblebrook Hotel Trust (PEB) Q2 2024 Earnings Call Transcript
Pebblebrook Hotel Trust (NYSE:PEB ) Q2 2024 Earnings Call July 25, 2024 9:30 AM ET Company Participants Raymond Martz - Co-President and Chief Financial Officer Jon Bortz - Chairman and Chief Executive Officer Tom Fisher - Co-President and Chief Investment Officer Conference Call Participants Dori Kesten - Wells Fargo Floris van Dijkum - Compass Point Ari Klein - BMO Capital Markets Duane Pfennigwerth - Evercore ISI Bill Crow - Raymond James Jay Kornreich - Wedbush Securities Shaun Kelley - Bank of America Michael Bellisario - Baird Operator Greetings and welcome to the Pebblebrook Hotel Trust Second Quarter Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
Pebblebrook Hotel (PEB) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Pebblebrook Hotel (PEB) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Pebblebrook Hotel (PEB) Q2 FFO Surpass Estimates
Pebblebrook Hotel (PEB) came out with quarterly funds from operations (FFO) of $0.69 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to FFO of $0.62 per share a year ago.
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Pebblebrook Hotel Trust: 7.5% Preferred Yield Acceptable, But Better Opportunities Elsewhere
Pebblebrook Hotel Trust's preferred shares offer yields ranging from 7.4% to 7.6%, slightly lower than competitors. The REIT's performance in the first quarter shows strong FFO and AFFO results, with capex exceeding $30M. Full-year guidance suggests AFFO will cover capital expenditures, indicating strong preferred dividend coverage.
Pebblebrook's (PEB) Same-Property Revenues Improve in May
Pebblebrook's (PEB) May operating results witness a year-over-year increase in same-property revenues, driven by a rise in non-room revenues.
Pebblebrook's (PEB) Same-Property Revenues Decline Y/Y in April
Pebblebrook's (PEB) April operating results saw a decline in same-property revenues. It has also provided updates on the completion of redevelopment projects.
