PEB Q2 2023 Earnings — Pebblebrook Hotel Trust Revenue & Financial Results | Market Cap Arena

PEBPebblebrook Hotel Trust

$1B

Q2 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$384M-3.3% YoY

Gross Profit

$109M28.3% margin

Operating Income

$75M19.5% margin

Net Income

$45M11.6% margin

EPS (Diluted)

$0.24

QoQ Revenue Growth

+25.7%

Cash Flow

Operating Cash Flow

$74M

Free Cash Flow

$11M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$6.1B

Total Liabilities

$3.1B

Stockholders' Equity

$2.9B

Cash & Equivalents

$176M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$384M	$398M	-3.3%
Gross Profit	$109M	$136M	-20.1%
Operating Income	$75M	$52M	+44.0%
Net Income	$45M	$28M	+59.8%

Revenue Segments

Occupancy

$251M65%

Food and Beverage

$94M24%

Hotel, Other

$40M10%

Geographic Segments

San Diego, California

$77M20%

Boston, Massachusetts

$77M20%

Southern Florida And Georgia

$59M15%

Los Angeles, California

$50M13%

San Francisco, California

$38M10%

Chicago, Illinois

$24M6%

Portland, Oregon

$22M6%

DISTRICT OF COLUMBIA

$21M5%

Other

$15M4%

Seattle, Washington

$2M1%