Pebblebrook Hotel Trust Q4 FFO Rises - Quick Facts

(RTTNews) - Pebblebrook Hotel Trust (PEB) Thursday reported fourth-quarter funds from operations, or FFO, of $21.80 million or $0.34 per share, up from $17.29 million or $0.28 per share in the same period last year.

Adjusted FFO for the quarter were $24.6 million or $0.39 per share. On average, nine analysts polled by Thomson Reuters expected FFO of $0.36 per share for the quarter. Analysts' estimates typically exclude special items.

Net income for the quarter increased to $4.8 million or $0.08 per share from $2.6 million or $0.04 per share in the same period last year.

Revenues increased to $126.77 million from $104.74 million last year. Analysts expected revenues of $128.82 million. Same-Property RevPAR increased to $183.49 million from $174.46 million last year.

Looking ahead to the first quarter, the company has forecast adjusted FFO in a range of $0.20 to $0.23 per share. Analysts currently expect first-quarter FFO of $0.24 per share.

For the fiscal year 2014, the company continues to project adjusted FFO in a range of $1.78 to $1.86 per share. Analysts currently expect full-year FFO of $1.85 per share.