Pebblebrook Hotel Trust Reveals 5% Retreat In Q1 Bottom Line

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

The company said its profit totaled $38.74 million, or $0.54 per share. This was down from $40.60 million, or $0.56 per share, in last year's first quarter.

The company said revenue for the quarter fell 7.2% to $182.18 million. This was down from $196.25 million last year.

Pebblebrook Hotel Trust earnings at a glance:

-Earnings (Q1): $38.74 Mln. vs. $40.60 Mln. last year. -Earnings Decline (Y-o-Y): -4.6% -EPS (Q1): $0.54 vs. $0.56 last year. -EPS Decline (Y-o-Y): -3.6% -Revenue (Q1): $182.18 Mln vs. $196.25 Mln last year. -Revenue Change (Y-o-Y): -7.2%