Pebblebrook Hotel Trust Sees Q3 2024 AFFO $(0.01); Q4 2024 AFFO $(0.08); FY24 AFFO $(0.10)
Portfolio Pulse from Benzinga Newsdesk
Pebblebrook Hotel Trust reports negative AFFO for Q3, Q4, and FY 2024 due to the impact of named storms, with significant losses in net income and revenue.
October 30, 2024 | 9:20 pm
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NEGATIVE IMPACT
Pebblebrook Hotel Trust anticipates negative AFFO for Q3, Q4, and FY 2024, with significant losses in net income and revenue due to storm impacts.
The report indicates that Pebblebrook Hotel Trust expects negative AFFO for Q3, Q4, and FY 2024, primarily due to the impact of named storms. This is likely to negatively affect investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100