Filing Flows › Pebblebrook Hotel Trust (PEB) › Q1 2026
Pebblebrook Hotel Trust (PEB) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Pebblebrook Hotel Trust (PEB) reported revenue of $346M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -1% from the quarter before. Operating margin was 2.3%, net loss $18.4M (5.3% of revenue).
Pebblebrook Hotel Trust, Q1 2026: revenue $346M (+8% year over year), operating margin 2.3%, net loss $18.4M, operating cash flow $84.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $346M | -1% | +8% |
| Operating profit | $8.1M | -9% | — |
| Net earnings | −$18.4M | — | — |
| Operating cash flow | $84.1M | +169% | +67% |
| Free cash flow | $72.1M | 16× | +143% |
What changed
Revenue was $345.7M in Q1 2026, up 8% year over year and down 1% from the previous quarter. Room was the largest line at 62% of revenue. Room added $17.5M year over year (up 9%), 69% of the total change.
Operating profit was $8.1M, a 2.3% margin (up 4.6 points year over year). Total costs grew 3% against revenue growth of 8%. The quarter ended with a net loss of $18.4M, wider than the previous quarter's $17.0M loss. Net interest and other expense of $26.5M was the main reason.
Operating cash flow was $84.1M (up 67% year over year). Non-cash charges added back $2.3M of share-based compensation. Working capital and other items added $100.2M. Capital expenditures of $11.9M left free cash flow of $72.1M.
Questions
What was Pebblebrook Hotel Trust's revenue in the first quarter 2026?
Pebblebrook Hotel Trust (PEB) reported revenue of $346M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -1% from the quarter before.
Was Pebblebrook Hotel Trust profitable in the first quarter 2026?
Operating profit was $8.1M (2.3% of revenue) and net loss $18.4M.