Filing Flows › Pebblebrook Hotel Trust (PEB) › Q2 2026
Pebblebrook Hotel Trust (PEB) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Pebblebrook Hotel Trust (PEB) reported revenue of $407M for the second quarter 2026 (Q2 2026), -0.1% from a year earlier and +18% from the quarter before. Operating margin was 14.1%, net earnings $23.6M (5.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $407M | +18% | -0.1% |
| Operating profit | $57.2M | +611% | +9% |
| Net earnings | $23.6M | — | +31% |
| Operating cash flow | $86.3M | +3% | -5% |
| Free cash flow | $73.8M | +2% | +20% |
What changed
Revenue was $407.1M in Q2 2026, roughly flat year over year and up 18% from the previous quarter. Room was the largest line at 64% of revenue. Food and beverage lost $3.4M year over year (down 3%), 866% of the total change.
Operating profit was $57.2M, a 14.1% margin (up 1.2 points year over year). Total costs fell 1% while revenue was flat. Net earnings were $23.6M, up 31% year over year. The effective tax rate was 23.6%.
Operating cash flow was $86.3M (down 5% year over year), 346% of net income including minority interests. Non-cash charges added back $2.6M of share-based compensation. Working capital and other items added $58.8M. Capital expenditures of $12.5M left free cash flow of $73.8M.
Questions
What was Pebblebrook Hotel Trust's revenue in the second quarter 2026?
Pebblebrook Hotel Trust (PEB) reported revenue of $407M for the second quarter 2026 (Q2 2026), -0.1% from a year earlier and +18% from the quarter before.
Was Pebblebrook Hotel Trust profitable in the second quarter 2026?
Operating profit was $57.2M (14.1% of revenue) and net earnings $23.6M.