Pebblebrook Hotel Trust

Q2 FY2026 EarningsQ2 FY26 results were mixed relative to consensus: revenue of $407.1M beat expectations of $398.4M by 2.2%, while GAAP EPS of $0.17 significantly exceeded the $0.122 mean estimate (+39.3%). However, normalized metrics and margins showed pressure, with Hotel EBITDA remaining relatively flat YoY despite the revenue beat. Management's aggressive share and preferred stock repurchases, totaling $41.5M in the first half, provided substantial support to EPS performance.