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Reit Hotel Motel
Pebblebrook Hotel Trust (PEB) is a publicly-traded real estate investment trust (REIT) that focuses on investing in upscale, luxury, and premium full-service hotel properties in urban and resort markets across the United States. The company's portfolio includes a diverse range of hotels, including well-known brands such as Marriott, Hilton, and Hyatt.
In terms of key financial metrics, here are some highlights for Pebblebrook Hotel Trust:
* As of the most recent quarter (Q4 2021), Pebblebrook's total revenue was $349.7 million, representing a year-over-year increase of 153.3%. However, it is important to note that this surge in revenue is partly due to the fact that many of the company's hotels were temporarily closed or operating at reduced capacity in Q4 2020 due to the COVID-19 pandemic.
* Adjusted funds from operations (AFFO) in Q4 2021 was $82.4 million, or $0.99 per diluted share, compared to $32.4 million, or $0.44 per diluted share, in Q4 2020. AFFO is a key metric for REITs, as it measures the cash flow generated by the company's operations after accounting for certain non-cash expenses.
* For the full year 2021, Pebblebrook's total revenue was $1.1 billion, up from $540.2 million in 2020. The company's AFFO for the full year was $215.7 million, or $2.64 per diluted share, compared to $134.8 million, or $1.89 per diluted share, in 2020.
* Pebblebrook's earnings growth has been somewhat uneven in recent years, due in large part to the disruptive impact of the COVID-19 pandemic on the hospitality industry. In 2019, the company's net income was $203.1 million, or $2.63 per diluted share. In 2020, Pebblebrook's net loss was $1.3 billion, or $17.34 per diluted share. However, as noted above, the company's financial performance began to rebound in the second half of 2021 as the hospitality industry started to recover from the pandemic.
Overall, Pebblebrook Hotel Trust has a high-quality portfolio of hotel properties and has shown an ability to generate strong cash flow and grow its AFFO over time. However, the company remains exposed to risks associated with the ongoing COVID-19 pandemic and other macroeconomic factors that could impact the hospitality industry. As with any investment, it is important for investors to carefully consider these risks and conduct their own due diligence before making a decision.