NYSE$PEB

Pebblebrook Hotel Trust · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Pebblebrook's financial performance significantly impacted by COVID-19 pandemic, resulting in operational suspensions and cost-saving measures.

Pebblebrook Hotel Trust reported a net income of $42.1 million for Q1 2020. The company faced significant challenges due to the COVID-19 pandemic, leading to temporary suspensions of operations at many of its hotels and resorts, and implemented cost-cutting measures to mitigate the impact.

  • Net income was $42.1 million.
  • Same-Property Total Revenues decreased by 23.1% year-over-year to $255.8 million.
  • Same-Property EBITDA decreased by 55.2% year-over-year to $40.6 million.
  • The company temporarily suspended operations at 46 of 54 hotels and resorts.

Headline financials

Total Revenue

$269M

Previous: $367M-26.7%
EPS (adj)

$0.13

Previous: $0.46-71.7%
Capital Expenditures

-$50.1M

Previous: -$43.3M-15.6%
Free Cash Flow

-$8.15M

Previous: -$37.7M+78.4%
Net Income

$41.9M

Previous: $5.64M+644.4%
Operating Income

$54.9M

Previous: $29.9M+83.4%
Gross Profit

-$257M

Previous: $130M-297.4%
Cash & Equivalents

$727M

Previous: $51.4M+1314.7%
Total Assets

$6.94B

Previous: $6.83B+1.5%
Stock-Based Comp

$17.6M

Previous: $1.85M+854.4%

Revenue & EPS history

Pebblebrook · Revenue · Quarterly

$269M

Q1 2020-26.7%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Pebblebrook · $269M total across 3 segments · Q1 2020

  • Room Revenue
    $177M-28.9%
  • Food and Beverage
    $67.1M-22.7%
  • Other Operating
    $24.9M-20.9%

Forward guidance

Given the uncertainties related to the pandemic and its impact on travel, the Company is unable to provide a 2020 Outlook at this time

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.1%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+0.8%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+12.3%

Q1 2020

Best reaction

-9.5%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%-0.6%+9.8%
Q4 2025+7.9%+4.2%+0.2%
Q3 2025+2.0%+10.0%+4.8%
Q1 2025-0.3%-1.8%+0.4%
Q4 2024+4.3%+0.8%-13.6%
Q3 2024-1.4%-3.0%+11.0%
Q2 2024-3.4%-2.4%-6.5%
Q1 2024+3.4%-0.8%-5.6%
Q4 2023-0.7%-4.2%-2.3%
Q3 2023-9.5%-7.5%-3.1%
Q2 2023+6.7%+6.6%-3.7%
Q1 2023-0.2%+2.5%-2.5%
Q4 2022-3.5%-3.3%-15.1%
Q3 2022+0.6%+0.2%+0.9%
Q2 2022-0.2%+3.1%+1.5%
Q1 2022-0.8%-3.2%-13.4%
Q4 2021-6.1%-4.1%-1.7%
Q3 2021+4.3%+11.3%+0.4%
Q2 2021+0.0%-3.6%-2.6%
Q1 2021-3.0%-4.4%-9.3%
Q4 2020+1.7%+0.2%+8.2%
Q3 2020-2.4%+5.3%+58.1%
Q2 2020+0.6%-0.8%+23.1%
Q1 2020+12.3%-1.8%+63.6%
Q4 2019+2.9%-6.7%-64.9%
Q3 2019-3.3%-3.7%-5.7%
Q2 2019+1.6%+3.3%-5.6%
Q1 2019+3.9%+2.9%-7.3%
Q4 2018-4.1%-6.1%-9.1%
Q3 2018-1.2%-0.6%+3.6%
Q2 2018-0.7%-1.5%-0.4%
Q1 2018-0.1%-1.1%+16.4%
Q4 2017+2.9%-1.0%-5.0%
Q3 2017+1.4%+0.1%+5.2%
Q2 2017+3.9%+6.4%+0.4%
Q1 2017-5.6%-2.6%-1.7%
Q4 2016-2.5%+0.0%-2.2%
Q3 2016-3.8%-5.9%+9.1%
Q2 2016-3.9%-4.8%-5.2%
Q1 2016-3.1%
Q4 2015+0.5%
Q3 2015-6.0%
Q2 2015-7.6%
Q1 2015+2.3%
Q4 2014+1.1%
Q3 2014+2.2%
Q2 2014-0.1%
Q1 2014-0.5%
Q4 2013+1.2%
Q3 2013+1.7%
Q2 2013+0.1%
Q1 2013+1.3%
Q4 2012+0.1%
Q3 2012-3.6%
Q2 2012+2.7%
Q1 2011+1.4%
Q1 2012+3.2%
Q4 2009-0.7%
Q4 2011-0.7%
Q3 2011+10.0%
Q2 2011-5.8%
Q4 2010-5.8%
Q3 2010-5.7%
Q2 2010-0.5%
Q1 2010+3.4%

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