Pebblebrook Hotel Trust Expects Negative Impact From Hurricane Milton And Other Recent Named Storms On Its Properties
Portfolio Pulse from Benzinga Newsdesk
Pebblebrook Hotel Trust anticipates a negative financial impact from Hurricane Milton and other recent storms, affecting its performance in Q3 and Q4 2024. The company projects a net income loss of $11.5 million for the full year, with declines in RevPAR, total revenue, and EBITDA.
October 30, 2024 | 9:10 pm
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NEGATIVE IMPACT
Pebblebrook Hotel Trust expects a significant negative impact on its financial performance due to Hurricane Milton and other storms, with a projected net income loss of $11.5 million for 2024.
The news directly mentions Pebblebrook Hotel Trust and provides specific financial projections indicating a negative impact on net income, RevPAR, total revenue, and EBITDA due to recent storms. This is likely to negatively affect investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100