Filing Flows › Pebblebrook Hotel Trust (PEB) › Q2 2025
Pebblebrook Hotel Trust (PEB) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Pebblebrook Hotel Trust (PEB) reported revenue of $408M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +27% from the quarter before. Operating margin was 12.9%, net earnings $18.1M (4.4% of revenue).
Pebblebrook Hotel Trust, Q2 2025: revenue $408M (+3% year over year), operating margin 12.9%, net earnings $18.1M, operating cash flow $90.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $408M | +27% | +3% |
| Operating profit | $52.4M | — | -14% |
| Net earnings | $18.1M | — | -42% |
| Operating cash flow | $90.5M | +80% | +8% |
| Free cash flow | $61.7M | +108% | +22% |
What changed
Revenue was $407.5M in Q2 2025, up 3% year over year and up 27% from the previous quarter. Room was the largest line at 63% of revenue. Food and beverage added $4.5M year over year (up 4%), 43% of the total change.
Operating profit was $52.4M, a 12.9% margin (down 2.5 points year over year). Operating profit fell $8.6M even though revenue rose $10.4M versus a year earlier, so costs grew faster than sales. Total costs grew 6% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+16%). Net earnings were $18.1M, down 42% year over year. The effective tax rate was 28.8%.
Operating cash flow was $90.5M (up 8% year over year), 469% of net income including minority interests. Non-cash charges added back $3.5M of share-based compensation. Working capital and other items added $67.7M. Capital expenditures of $28.9M left free cash flow of $61.7M.
Questions
What was Pebblebrook Hotel Trust's revenue in the second quarter 2025?
Pebblebrook Hotel Trust (PEB) reported revenue of $408M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +27% from the quarter before.
Was Pebblebrook Hotel Trust profitable in the second quarter 2025?
Operating profit was $52.4M (12.9% of revenue) and net earnings $18.1M.