PEB Q1 2024 Earnings — Pebblebrook Hotel Trust Revenue & Financial Results | Market Cap Arena

PEBPebblebrook Hotel Trust

$1B

Q1 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$314M+2.7% YoY

Gross Profit

$66M20.9% margin

Operating Income

-$1M-0.4% margin

Net Income

-$28M-9.0% margin

EPS (Diluted)

$-0.32

QoQ Revenue Growth

-6.0%

Cash Flow

Operating Cash Flow

$46M

Free Cash Flow

-$3M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$5.7B

Total Liabilities

$2.9B

Stockholders' Equity

$2.7B

Cash & Equivalents

$57M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$314M	$306M	+2.7%
Gross Profit	$66M	$63M	+5.0%
Operating Income	-$1M	$5M	-126.5%
Net Income	-$28M	-$23M	-23.6%

Revenue Segments

Occupancy

$198M63%

Food and Beverage

$81M26%

Hotel, Other

$35M11%

Geographic Segments

Southern Florida And Georgia

$81M26%

San Diego, California

$71M23%

Boston, Massachusetts

$46M15%

Los Angeles, California

$44M14%

San Francisco, California

$31M10%

DISTRICT OF COLUMBIA

$15M5%

Portland, Oregon

$13M4%

Chicago, Illinois

$8M3%

Other

$5M2%