NYSE$PEB
Pebblebrook Hotel Trust · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Reported 2020 results, highlighting the impact of cost reductions, strategic initiatives, and property dispositions amidst the challenging environment of the COVID-19 pandemic.
Pebblebrook Hotel Trust reported its 2020 results, which were significantly impacted by the COVID-19 pandemic. The company focused on mitigating the pandemic's effects through cost reductions, strategic initiatives, and property dispositions. As of December 31, 2020, the company had approximately $127 million in cash on hand and $770 million in liquidity.
- Monthly cash burn at the Company’s hotels averaged in the range of $5 to $8 million.
- Total monthly corporate cash burn averaged in the range of $16 to $21 million.
- The company issued $500.0 million of convertible senior unsecured notes with a 1.75% coupon.
- Net debt to depreciated book value at the end of Q4 2020 was 39%.
Headline financials
Revenue & EPS history
Pebblebrook · Revenue · Quarterly
$74.2M
Revenue by segment
Pebblebrook · $74.2M total across 3 segments · Q4 2020
- Room Revenue$48.2M—64.9%
- Food and Beverage$13.3M—17.9%
- Other Operating$12.8M—17.2%
Forward guidance
Due to the uncertainties related to the pandemic, its impact on travel, and variable and unpredictable government restrictions, the Company is unable to provide an outlook for 2021 at this time. Based on January's preliminary results, and February’s results and trends, the Company anticipates Q1 2021 revenues will likely be roughly in-line with Q4 2020, with Same-Property Room Revenues currently estimated to decline 80% to 81% compared with Q1 2019.
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 Q4 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
| Quarter | Report date | Reaction (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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