Filing Flows › Pebblebrook Hotel Trust (PEB) › Q1 2025
Pebblebrook Hotel Trust (PEB) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Pebblebrook Hotel Trust (PEB) reported revenue of $320M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -5% from the quarter before. Operating margin was -2.3%, net loss $32.2M (10.0% of revenue).
Pebblebrook Hotel Trust, Q1 2025: revenue $320M (+2% year over year), operating margin -2.3%, net loss $32.2M, operating cash flow $50.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $320M | -5% | +2% |
| Operating profit | −$7.2M | — | — |
| Net earnings | −$32.2M | — | — |
| Operating cash flow | $50.3M | -27% | +9% |
| Free cash flow | $29.7M | -28% | — |
What changed
Revenue was $320.3M in Q1 2025, up 2% year over year and down 5% from the previous quarter. Room was the largest line at 62% of revenue. Food and beverage added $5.2M year over year (up 6%), 84% of the total change. Room declined 1%.
Operating costs exceeded revenue by $7.2M, an operating margin of -2.3%. Total costs grew 4% against revenue growth of 2%. The quarter ended with a net loss of $32.2M, narrower than the previous quarter's $49.8M loss. Net interest and other expense of $28.1M was the main reason.
Operating cash flow was $50.3M (up 9% year over year). Non-cash charges added back $3.2M of share-based compensation. Working capital and other items added $79.3M. Capital expenditures of $20.7M left free cash flow of $29.7M.
Questions
What was Pebblebrook Hotel Trust's revenue in the first quarter 2025?
Pebblebrook Hotel Trust (PEB) reported revenue of $320M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -5% from the quarter before.
Was Pebblebrook Hotel Trust profitable in the first quarter 2025?
Operating loss was $7.2M (-2.3% of revenue) and net loss $32.2M.