Pebblebrook Hotel Trust Reports $2.04 FFO, Guides 3% Revenue Growth for 2026

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Pebblebrook Hotel Trust reported 2025 funds from operations of $2.04 per diluted share, with portfolio occupancy rising to 74.5% from 72.3% year-over-year. The REIT forecasts 3% revenue growth in 2026 and will maintain its quarterly dividend at $0.20 per share.

1. 2025 Financial Results

Pebblebrook Hotel Trust delivered full-year 2025 funds from operations (FFO) of $2.04 per diluted share, meeting its guidance range. Portfolio occupancy improved to 74.5%, up 2.2 percentage points year-over-year, driven by strong demand in urban and leisure markets.

2. 2026 Outlook

For 2026, the trust guides reconciled revenue growth of approximately 3%, supported by steady RevPAR gains and controlled operating costs. The board approved maintaining the quarterly dividend at $0.20 per share, reflecting confidence in cash flow stability.

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