PEB Q2 2024 Earnings — Pebblebrook Hotel Trust Revenue & Financial Results | Market Cap Arena

PEBPebblebrook Hotel Trust

$1B

Q2 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$397M+3.3% YoY

Gross Profit

$124M31.3% margin

Operating Income

$61M15.4% margin

Net Income

$31M7.8% margin

EPS (Diluted)

$0.16

QoQ Revenue Growth

+26.4%

Cash Flow

Operating Cash Flow

$84M

Free Cash Flow

$84M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$5.7B

Total Liabilities

$2.9B

Stockholders' Equity

$2.7B

Cash & Equivalents

$102M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$397M	$384M	+3.3%
Gross Profit	$124M	$109M	+14.4%
Operating Income	$61M	$75M	-18.5%
Net Income	$31M	$45M	-30.8%

Revenue Segments

Occupancy

$254M64%

Food and Beverage

$102M26%

Hotel, Other

$42M11%

Geographic Segments

San Diego, California

$85M21%

Boston, Massachusetts

$80M20%

Southern Florida And Georgia

$69M17%

Los Angeles, California

$49M12%

San Francisco, California

$33M8%

Chicago, Illinois

$23M6%

DISTRICT OF COLUMBIA

$22M6%

Portland, Oregon

$22M5%

Other

$15M4%