Pebblebrook Hotel Trust announced exceptional first-quarter 2026 results, surpassing the upper end of its outlook across major earnings metrics. Same-property hotel EBITDA rose 27.6% to $82.2 million, exceeding expectations by $8.2 million. Adjusted EBITDA reached $73.3 million, marking a 29.5% increase from the prior year.
Leadership Insights from Earnings Call
During the Q1 2026 earnings conference call on April 29, Raymond Martz, Co-President, CFO, Treasurer, and Secretary, highlighted the strong performance. “We had an exceptional first quarter with results well above the high end of our outlook across key earnings metrics,” Martz stated.
Joining Martz were Jon Bortz, Chairman and CEO, and Thomas C. Fisher, Co-President and Chief Investment Officer. The call featured questions from analysts including Cooper Clark of Wells Fargo Securities, Bennett Rose of Citigroup, Gregory Miller of Truist Securities, Aryeh Klein of BMO Capital Markets, Richard Hightower of Barclays, Duane Pfennigwerth of Evercore ISI, Michael Bellisario of Robert W. Baird & Co., and Chris Darling of Green Street Advisors.
Forward-Looking Guidance
Martz reminded participants that comments reflect conditions as of April 29, 2026, and include forward-looking statements subject to risks. Investors should consult SEC filings for risk factors and the company’s website for non-GAAP reconciliations.
