Pebblebrook Hotel: 4Q Earnings Snapshot

·1 min read

BETHESDA, Md. (AP) _ Pebblebrook Hotel Trust (PEB) on Tuesday reported a key measure of profitability in its fourth quarter. The results missed Wall Street expectations.

The Bethesda, Maryland-based real estate investment trust said it had funds from operations of $65.4 million, or 50 cents per share, in the period.

The average estimate of six analysts surveyed by Zacks Investment Research was for a funds from operations loss of 46 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $181 million, or $1.39 per share.

The hotel investment company posted revenue of $74.2 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $79.7 million.

For the year, the company reported funds from operations of $191.4 million, or $1.46 per share. Revenue was reported as $442.9 million.

The company's shares have climbed 21% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $22.70, a decline of slightly more than 5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PEB at https://www.zacks.com/ap/PEB