Pebblebrook Hotel Trust announced exceptional first-quarter 2026 results, surpassing expectations across major earnings metrics during its earnings conference call on April 29, 2026.
Leadership and Participants
Raymond Martz, Co-President, CFO, Treasurer, and Secretary, hosted the call. Joining him were Jon Bortz, Chairman and CEO, and Thomas C. Fisher, Co-President and Chief Investment Officer. Analysts from firms including Wells Fargo Securities, Citigroup, Truist Securities, BMO Capital Markets, Barclays, Evercore ISI, Robert W. Baird, and Green Street Advisors participated.
Strong Financial Performance
Same-property hotel EBITDA rose 27.6% to $82.2 million, exceeding the high end of guidance by $8.2 million. Adjusted EBITDA reached $73.3 million, marking a 29.5% increase year-over-year.
Martz highlighted the outstanding quarter, noting, “We had an exceptional first quarter with results well above the high end of our outlook across key earnings metrics.” He cautioned that remarks include forward-looking statements subject to risks, directing listeners to SEC filings for details and the company website for non-GAAP reconciliations.
