Pebblebrook Hotel Q1 2024 FFO $0.21 Beats $0.15 Estimate, Sales $314.069M Beat $303.776M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pebblebrook Hotel (NYSE:PEB) reported Q1 2024 FFO of $0.21 per share, surpassing the $0.15 estimate, and sales of $314.069M, exceeding the $303.776M forecast. This represents a 90.91% increase in earnings and a 2.73% increase in sales from the same period last year.
April 23, 2024 | 8:35 pm
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Pebblebrook Hotel's Q1 2024 FFO and sales exceeded estimates, showing strong year-over-year growth.
Beating both FFO and sales estimates significantly, especially with a 90.91% increase in earnings from the previous year, indicates strong operational performance and potential for stock price appreciation in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100