Pebblebrook Hotel Trust Q3 2023 Adj. FFO $0.61 Down From $0.66 YoY, Revenue $395.799M Beats $392.639M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pebblebrook Hotel Trust has reported its Q3 2023 adjusted FFO at $0.61, down from $0.66 YoY. However, the company's revenue of $395.799M has surpassed the estimate of $392.639M.
October 26, 2023 | 8:56 pm
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Pebblebrook Hotel Trust's Q3 2023 adjusted FFO has decreased YoY, but its revenue has exceeded estimates.
Pebblebrook Hotel Trust's adjusted FFO has decreased YoY, which could negatively impact the stock. However, the company's revenue has beaten estimates, which could offset the potential negative impact. Therefore, the overall short-term impact on the stock is neutral.
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IMPORTANCE 80
RELEVANCE 100