Pebblebrook Hotel Trust Q4 Income Drops

(RTTNews) - Pebblebrook Hotel Trust (PEB) released earnings for fourth quarter that dropped compared to the same period last year.

The company said its profit dropped to $33.8 million, or $0.49 per share. This was down from $41.5 million, or $0.57 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 9.7% to $179.63 million. This was down from $198.94 million last year.

Pebblebrook Hotel Trust earnings at a glance:

-Earnings (Q4): $33.8 Mln. vs. $41.5 Mln. last year. -Earnings Decline (Y-o-Y): -18.6% -EPS (Q4): $0.49 vs. $0.57 last year. -EPS Decline (Y-o-Y): -14.0% -Revenue (Q4): $179.63 Mln vs. $198.94 Mln last year. -Revenue Change (Y-o-Y): -9.7%