A Business at a Glance
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Pebblebrook Hotel Trust
PEB
$2.2B
Mkt Cap
$19.09
+0.63%
Pebblebrook Hotel Trust (PEB) has a 5-year average return on invested capital (ROIC) of -0.1%. This is below average and may indicate limited pricing power.
Pebblebrook Hotel Trust (PEB) has a market capitalization of $2.2B. It is classified as a mid-cap stock.
Yes, Pebblebrook Hotel Trust (PEB) pays a dividend with a trailing twelve-month yield of 0.22%. The company also returns capital through share buybacks, with a buyback yield of 2.96%.
Pebblebrook Hotel Trust (PEB) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
Pebblebrook Hotel Trust (PEB) reported annual revenue of $1.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
Pebblebrook Hotel Trust (PEB) has a net profit margin of -7.2%. The company is currently unprofitable.
Pebblebrook Hotel Trust (PEB) generated $152 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Pebblebrook Hotel Trust is an internally managed hotel investment company, formed as a Maryland real estate investment trust in October 2009 to opportunistically acquire and invest in hotel properties located primarily in major United States cities and resort properties located near our primary target urban markets and select destination resort markets, with an emphasis on major gateway coastal markets. As of December 31, 2025, the Company owned interests in 44 hotels with a total of 11,052 guest rooms. Substantially all of the Company's assets are held by, and all of the Company's operations are conducted through, Pebblebrook Hotel, L.P. (our "Operating Partnership"). The Company is the sole general partner of our Operating Partnership. At December 31, 2025, the Company owned 99.0% of the common limited partnership units issued by our Operating Partnership ("common units"). The remaining 1.0% of the common units are owned by the other limited partners of our Operating Partnership.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.5B | 1.5B | 1.5B | 1.4B | 1.4B | 733M |
| Net Income | -92M | -106M | -47M | -113M | -124M | -235M |
| EPS | $-0.81 | $-0.90 | $-0.39 | $-0.93 | $-0.95 | $-1.80 |
| Free Cash Flow | 0 | 152M | 146M | 36M | 32M | -183M |
| ROIC | 1.1% | 1.0% | 1.7% | 0.7% | 0.3% | -4.2% |
| Gross Margin | - | 6.6% | 9.3% | 6.1% | 19.3% | 1.7% |
| Debt/Equity | 0.85 | 0.86 | 0.83 | 0.84 | 0.80 | 0.77 |
| Dividends/Share | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| Operating Income | 59M | 44M | 84M | 38M | 15M | -90M |
| Operating Margin | 3.9% | 3.0% | 5.8% | 2.7% | 1.1% | -12.2% |
| ROE | -3.8% | -4.1% | -1.7% | -3.9% | -4.0% | -7.3% |
| Shares Outstanding | 113M | 117M | 120M | 122M | 131M | 131M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 411M | 527M | 816M | 769M | 829M | 1.6B | 443M | 733M | 1.4B | 1.4B | 1.5B | 1.5B | 1.5B |
| Gross Margin | 58.3% | 58.2% | 28.2% | 25.9% | 25.1% | 23.1% | 49.3% | 1.7% | 19.3% | 6.1% | 9.3% | 6.6% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 26M | 32M | 28M | 20M | 21M | 34M | 45M | 38M | 39M | 45M | 48M | 49M | 48M |
| EBIT | 91M | 128M | 180M | 135M | 67M | 229M | -293M | -90M | 15M | 38M | 84M | 44M | 59M |
| Op. Margin | 22.2% | 24.2% | 22.0% | 17.6% | 8.1% | 14.2% | -66.1% | -12.2% | 1.1% | 2.7% | 5.8% | 3.0% | 3.9% |
| Net Income | 48M | 69M | 47M | 84M | 13M | 83M | -424M | -235M | -124M | -113M | -47M | -106M | -92M |
| Net Margin | 11.6% | 13.1% | 5.8% | 10.9% | 1.6% | 5.1% | -95.8% | -32.1% | -8.9% | -8.0% | -3.2% | -7.2% | -6.1% |
| Non-Recurring | 0 | 0 | 53M | 14M | 0 | 28M | 75M | 15M | 90M | 82M | 48M | 49M | 49M |
| Returns on Capital | |||||||||||||
| ROIC | 4.3% | 4.2% | 6.4% | 5.3% | 1.4% | 3.7% | -7.5% | -4.2% | 0.3% | 0.7% | 1.7% | 1.0% | 1.1% |
| ROE | 2.7% | 3.9% | 2.8% | 5.4% | 0.5% | 2.2% | -12.3% | -7.3% | -4.0% | -3.9% | -1.7% | -4.1% | -3.8% |
| ROA | 1.7% | 2.2% | 1.6% | 3.1% | 0.3% | 1.2% | -6.7% | -3.8% | -2.0% | -1.9% | -0.8% | -1.9% | -1.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 161M | 221M | 240M | 194M | 136M | 395M | -202M | 71M | 279M | 236M | 275M | 250M | 283M |
| Free Cash Flow | 160M | 220M | 240M | 194M | 136M | 394M | -202M | -183M | 32M | 36M | 146M | 152M | 0 |
| Owner Earnings | 81M | 117M | 129M | 86M | 21M | 152M | -604M | -437M | -616M | -717M | -700M | -750M | -720M |
| CapEx | 1.1M | 278K | 74K | 40K | 164K | 752K | 0 | 254M | 247M | 201M | 129M | 97M | 0 |
| Maint. CapEx | 68M | 96M | 102M | 102M | 108M | 235M | 379M | 497M | 883M | 941M | 961M | 986M | 990M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | N/A | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 68M | 96M | 102M | 102M | 108M | 235M | 379M | 497M | 883M | 941M | 961M | 986M | 990M |
| CapEx/OCF | 0.7% | 0.1% | 0.0% | 0.0% | 0.1% | 0.2% | N/A | 358.3% | 88.7% | N/A | 46.8% | 39.0% | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 56M | 84M | 105M | 107M | 106M | 185M | 54M | 5.3M | 5.3M | 5.0M | 4.9M | 4.8M | 4.7M |
| Dividend Yield | 2.9% | 3.5% | 3.2% | 2.7% | 1.2% | 5.1% | 2.8% | 0.2% | 0.2% | 0.3% | 0.3% | 0.4% | 0.2% |
| Share Buybacks | 632K | 4.1M | 2.5M | 96M | 2.5M | 4.0M | 1.3M | 720K | 71M | 93M | 17M | 73M | 64M |
| Buyback Yield | 0.0% | 0.2% | 0.1% | 4.0% | 0.1% | 0.1% | 0.1% | 0.0% | 4.2% | 4.7% | 1.0% | 5.4% | 3.0% |
| Stock-Based Comp | 12M | 8.3M | 8.5M | 5.6M | 6.2M | 8.2M | 23M | 11M | 11M | 13M | 14M | 14M | 13M |
| Debt Repayment | 0 | 0 | 366M | 72M | 102M | 518M | 213M | 392M | 1.4B | 211M | 465M | 511M | 511M |
| Balance Sheet | |||||||||||||
| Net Debt | 244M | 1.2B | 1.0B | 905M | 2.3B | 2.2B | 2.2B | 2.4B | 2.3B | 2.1B | 2.0B | 1.9B | 1.9B |
| Cash & Equiv. | 53M | 26M | 33M | 25M | 83M | 30M | 124M | 59M | 41M | 184M | 207M | 184M | 196M |
| Long-Term Debt | 300M | 1.1B | 996M | 885M | 2.7B | 2.2B | 2.3B | 2.4B | 2.4B | 2.3B | 2.2B | 2.1B | 2.1B |
| Debt/Equity | 0.20 | 0.73 | 0.67 | 0.62 | 0.73 | 0.62 | 0.70 | 0.77 | 0.80 | 0.84 | 0.83 | 0.86 | 0.85 |
| Interest Coverage | 3.4 | 3.3 | 4.1 | 3.6 | 1.2 | 2.1 | -2.8 | -0.9 | 0.1 | 0.3 | 0.7 | 0.4 | 0.6 |
| Equity | 1.8B | 1.8B | 1.6B | 1.5B | 3.8B | 3.6B | 3.3B | 3.2B | 3.0B | 2.8B | 2.7B | 2.5B | 2.4B |
| Total Assets | 2.8B | 3.1B | 2.8B | 2.6B | 7.0B | 6.5B | 6.1B | 6.3B | 6.1B | 5.8B | 5.7B | 5.3B | 5.3B |
| Total Liabilities | 988M | 1.3B | 1.2B | 1.1B | 3.2B | 2.9B | 2.8B | 3.1B | 3.0B | 3.0B | 2.9B | 2.8B | 2.8B |
| Intangibles | 31M | 30M | 30M | 29M | 200M | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -84M | -106M | -169M | -191M | -309M | N/A | N/A | N/A | N/A | N/A | -1.4B | -1.5B | -1.5B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | 107M | 142M | 149M | 141M | 360M | 260M | 226M | 251M | 251M | 239M | 222M | 200M | 216M |
| Per Share Data | |||||||||||||
| EPS | 0.71 | 0.94 | 0.32 | 0.60 | 0.05 | 0.63 | -3.25 | -1.80 | -0.95 | -0.93 | -0.39 | -0.90 | -0.81 |
| Owner EPS | 1.21 | 1.59 | 0.88 | 0.61 | 0.08 | 1.16 | -4.63 | -3.35 | -4.72 | -5.89 | -5.83 | -6.38 | -6.37 |
| Book Value | 26.46 | 24.05 | 10.94 | 10.64 | 14.43 | 27.52 | 24.95 | 24.17 | 22.95 | 22.69 | 22.49 | 21.01 | 21.57 |
| Cash Flow/Share | 2.40 | 3.02 | 1.64 | 1.37 | 0.52 | 3.00 | -1.55 | 0.54 | 2.13 | 1.94 | 2.29 | 2.13 | 7.95 |
| Dividends/Share | 0.83 | 1.15 | 0.72 | 0.76 | 0.41 | 1.40 | 0.41 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Shares Out. | 67.3M | 73.1M | 146.7M | 140.8M | 260.6M | 131.6M | 130.5M | 130.6M | 130.6M | 121.8M | 119.9M | 117.5M | 113.0M |
| Valuation | |||||||||||||
| P/E Ratio | 51.2 | 24.1 | 39.3 | 28.3 | N/A | 41.8 | N/A | N/A | N/A | N/A | N/A | N/A | -23.5 |
| P/FCF | 15.3 | 7.5 | 15.4 | 24.5 | 50.5 | 8.8 | N/A | N/A | 53.4 | 55.6 | 11.1 | 8.8 | N/A |
| EV/EBIT | 29.5 | 22.5 | 20.5 | 23.7 | 65.1 | 24.6 | N/A | N/A | 271.1 | 103.9 | 41.1 | 70.9 | 68.4 |
| Price/Book | 1.4 | 0.9 | 1.1 | 1.6 | 0.5 | 1.0 | 0.8 | 0.9 | 0.6 | 0.7 | 0.6 | 0.5 | 0.9 |
| Price/Sales | 4.6 | 4.5 | 2.9 | 2.6 | 2.7 | 2.2 | 4.4 | 4.0 | 1.8 | 1.2 | 1.2 | 0.9 | 1.4 |
| FCF Yield | 6.6% | 13.3% | 13.0% | 8.2% | 7.6% | 11.4% | -8.2% | -6.4% | 1.9% | 1.8% | 9.0% | 11.3% | N/A |
| Market Cap | 2.4B | 1.7B | 1.8B | 2.4B | 1.8B | 3.5B | 2.5B | 2.9B | 1.7B | 2.0B | 1.6B | 1.3B | 2.2B |
| Avg. Price | 28.14 | 32.42 | 22.41 | 28.30 | 32.98 | 27.40 | 15.01 | 22.21 | 19.42 | 13.91 | 14.07 | 10.81 | 19.09 |
| Year-End Price | 36.32 | 22.65 | 25.13 | 33.72 | 26.26 | 26.35 | 18.85 | 21.86 | 12.91 | 16.22 | 13.52 | 11.47 | 19.09 |
Pebblebrook Hotel Trust passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 14.7x vs a median of 20.0x. The company's 5-year average gross margin is 8.6%. Total shareholder yield (dividends + buybacks) is 3.2%. At current prices, the estimated annualized return to fair value is -5.5%.
Pebblebrook Hotel Trust (PEB) has a debt-to-equity ratio of 0.86. This indicates moderate leverage.
Pebblebrook Hotel Trust (PEB) reported earnings per share (EPS) of $-0.90 in its most recent fiscal year.
Pebblebrook Hotel Trust (PEB) has a return on equity (ROE) of -4.1%. A negative ROE may indicate losses or negative equity.
Pebblebrook Hotel Trust (PEB) has a 5-year average gross margin of 8.6%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for Pebblebrook Hotel Trust (PEB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Pebblebrook Hotel Trust (PEB) has a book value per share of $21.01, based on its most recent annual SEC filing.