Filing Flows › Pebblebrook Hotel Trust (PEB) › Q3 2025
Pebblebrook Hotel Trust (PEB) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Pebblebrook Hotel Trust (PEB) reported revenue of $399M for the third quarter 2025 (Q3 2025), -1% from a year earlier and -2% from the quarter before. Operating margin was -2.6%, net loss $32.4M (8.1% of revenue).
Pebblebrook Hotel Trust, Q3 2025: revenue $399M (-1% year over year), operating margin -2.6%, net loss $32.4M, operating cash flow $77.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $399M | -2% | -1% |
| Operating profit | −$10.2M | -119% | — |
| Net earnings | −$32.4M | -279% | — |
| Operating cash flow | $77.6M | -14% | +2% |
| Free cash flow | $56.3M | -9% | -3% |
What changed
Revenue was $398.7M in Q3 2025, down 1% year over year and down 2% from the previous quarter. Room was the largest line at 64% of revenue. Room lost $8.1M year over year (down 3%), 140% of the total change.
Operating costs exceeded revenue by $10.2M, an operating margin of -2.6%. Total costs grew 14% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+55%). The quarter ended with a net loss of $32.4M, after a profit of $19.3M the previous quarter. Net interest and other expense of $19.1M was the main reason.
Operating cash flow was $77.6M (up 2% year over year). Non-cash charges added back $3.5M of share-based compensation. Working capital and other items added $106.4M. Capital expenditures of $21.2M left free cash flow of $56.3M.
Questions
What was Pebblebrook Hotel Trust's revenue in the third quarter 2025?
Pebblebrook Hotel Trust (PEB) reported revenue of $399M for the third quarter 2025 (Q3 2025), -1% from a year earlier and -2% from the quarter before.
Was Pebblebrook Hotel Trust profitable in the third quarter 2025?
Operating loss was $10.2M (-2.6% of revenue) and net loss $32.4M.