Filing Flows › Pebblebrook Hotel Trust (PEB) › Q2 2026 › vs Q1 2026
Pebblebrook Hotel Trust (PEB) Q2 2026 vs Q1 2026 (quarter over quarter)
Pebblebrook Hotel Trust's revenue rose $61.5M (+18%) from $346M in Q1 2026 to $407M in Q2 2026. The biggest changes: Room +$45.2M (+21%); Food and beverage +$11.4M (+13%); Other operating +$4.9M (+12%). Operating margin 14.1% against 2.3% (+11.7 pts).
Pebblebrook Hotel Trust, Q2 2026: revenue $407M (-0.1% year over year), operating margin 14.1%, net earnings $23.6M, operating cash flow $86.3M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 14.1% | 2.3% | +11.7 pts |
| Net margin | 5.8% | -5.6% | +11.4 pts |
| Free cash flow margin | 18.1% | 20.9% | -2.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Room | $260M | $215M | $45.2M | +21% |
| Food and beverage | $103M | $91.1M | $11.4M | +13% |
| Other operating | $44.9M | $40.0M | $4.9M | +12% |
| Revenue | $407M | $346M | $61.5M | +18% |
| Operating profit | $57.2M | $8.1M | $49.2M | +611% |
| Costs & expenses | $350M | $338M | $12.3M | +4% |
| Pre-tax earnings | $32.6M | −$18.5M | $51.1M | — |
| Other expense, net | $24.6M | $26.5M | −$1.9M | -7% |
| Cost of revenue | $253M | $232M | $20.4M | +9% |
| General & admin | $11.9M | $12.0M | −$143K | -1% |
| Other operating costs | $85.5M | $93.5M | −$8.0M | -9% |
| Net earnings | $23.6M | −$19.3M | $42.9M | — |
| Minority interests | $1.3M | $838K | $496K | +59% |
| Income tax | $7.7M | −$17K | $7.7M | — |
| Share-based compensation | $2.6M | $2.3M | $257K | +11% |
| Working capital & other | $60.2M | $101M | −$40.8M | -40% |
| Operating cash flow | $86.3M | $84.1M | $2.3M | +3% |
| Free cash flow (OCF − capex) | $73.8M | $72.1M | $1.7M | +2% |
| Capital expenditures | $12.5M | $11.9M | $534K | +4% |
Questions
How much did Pebblebrook Hotel Trust's revenue grow quarter over quarter in Q2 2026?
Pebblebrook Hotel Trust's revenue rose $61.5M (+18%) from $346M in Q1 2026 to $407M in Q2 2026.
What drove Pebblebrook Hotel Trust's revenue change in Q2 2026?
Room +$45.2M (+21%); Food and beverage +$11.4M (+13%); Other operating +$4.9M (+12%).