Pebblebrook Hotel Trust (PEB) Beats Q2 2026 EPS by 62% and Raises Guidance
As seen on the 24/7 Wall St. homepage on July 29, 2026.
Pebblebrook crushed a 62% EPS beat as resort demand surged and San Francisco's recovery accelerated, prompting management to raise full-year adjusted FFO guidance to $1.69 to $1.76 per share. San Francisco RevPAR jumped 16% year-over-year driven by corporate and tech conventions, while transient revenue climbed nearly 10% on 7% ADR growth across the portfolio.
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Pebblebrook reported Q2 2026 earnings per share of $0.17 against a consensus estimate of $0.105, a beat of roughly 62%. Revenue also came in ahead of expectations at $407.1 million versus the $398.4 million analysts had forecast, a margin of about 2%. The results extended a pattern of positive surprises: Pebblebrook has now beaten EPS estimates in five of the last six reported quarters.
The standout driver was San Francisco, where RevPAR jumped 16% year-over-year on the back of corporate travel and tech-sector conventions returning to the market. Across the broader portfolio, transient revenue climbed nearly 10% and average daily rate grew 7%, pointing to genuine pricing power rather than just occupancy fill.
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Management responded to the results by raising full-year adjusted FFO guidance to a range of $1.69 to $1.76 per share. That upward revision is the figure to watch as the year progresses, since adjusted FFO is the key profitability metric for hotel REITs and a direct input into dividend sustainability discussions.
Mentioned: PEB