Pebblebrook Hotel Trust Reports 13% Increase In Q2 Profit

(RTTNews) - Pebblebrook Hotel Trust (PEB) reported earnings for its second quarter that advanced compared to the same period last year.

The company said its bottom line advanced to $58.9 million, or $0.81 per share. This was up from $52.0 million, or $0.72 per share, in last year's second quarter.

Analysts had expected the company to earn $0.75 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.4% to $212.27 million. This was up from $197.68 million last year.

Pebblebrook Hotel Trust earnings at a glance:

-Earnings (Q2): $58.9 Mln. vs. $52.0 Mln. last year. -Earnings Growth (Y-o-Y): 13.3% -EPS (Q2): $0.81 vs. $0.72 last year. -EPS Growth (Y-o-Y): 12.5% -Analysts Estimate: $0.75 -Revenue (Q2): $212.27 Mln vs. $197.68 Mln last year. -Revenue Change (Y-o-Y): 7.4%

-Guidance: Next quarter EPS guidance: $0.72 - $0.77 Full year EPS guidance: $2.63 - $2.73