Gladys sells PEB 35.2: Looking ahead, the company remains very positive, as it sees favorable growth trends driving a solid second half of the year.

The company was able to make up for any revenue weakness by cutting its expenses, resulting in much stronger-than-expected AFFO. Of course, this guidance assumes that the company doesn't acquire any additional hotels this year. As a result, the company is reiterating its full-year AFFO guidance at $179.6 million-$185.1 million, or $2.47-$2.55 per share. The company doesn't expect that to have any impact on full-year AFFO, as it anticipates a slight improvement in Same-Property EBITDA Margin to make up the difference. Pebblebrook is actually ratcheting down its full-year guidance for Same-Property RevPAR by 2%; however, the company still expects growth of 4.5%-5.5% for the full year.


Marilou:
Both should provide incremental gains in the future while the company also plans to invest an additional $13 million-$15 million in the hotel starting late next year in a complete renovation to reposition the hotel, and drive revenue and margin growth.

Christopher:
The company acquired a waterfront, luxury resort and club in Florida for $185.5 million, and an upper-upscale hotel in California for $122 million.

Kathrine:
Overall, AFFO per share is up a robust 28.6% year over year.

Chelsey:
That equated to AFFO of $0.72 per share, which, unsurprisingly, was above its guidance range of $0.66-$0.69 per share.

Marilynn:
That growth rate was below the company's projected range of 4%-6% growth that it projected last quarter.

Vernita:
The company expects both trends to continue for the balance of the year, which is why it adjusted its full-year outlook accordingly.

Socorro:
The hotel REIT reported solid growth in adjusted funds from operations, or AFFO, as it cut expenses to offset weaker-than-expected growth in Same-Property Revenue Per Available Room, or RevPAR.

Kathie:
This represents a $1.24 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Friday, June 26th.

Sandy:
Investors of record on Tuesday, June 30th were given a dividend of $0.31 per share.

Adell:
Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock.

Pebblebrook Hotel Trust (NYSE:PEB)
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