Earnings Call Summary | Pebblebrook Hotel Trust(PEB.US) Q1 2024 Earnings Conference
Earnings Call Summary | Pebblebrook Hotel Trust(PEB.US) Q1 2024 Earnings Conference
The following is a summary of the Pebblebrook Hotel Trust (PEB) Q1 2024 Earnings Call Transcript:
以下是佩布爾布魯克酒店信託基金(PEB)2024年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
PEB exceeded financial predictions with key figures such as same-property hotel EBITDA, adjusted EBITDA, and adjusted FFO despite challenging weather.
RevPar at urban properties increased by 5%, offsetting a 4.4% decline at resorts.
The same-property portfolio continued to recover with an increase in occupancy and RevPar in contrast to Q1 of the previous year.
PEB exceeded their Q1 outlook by $2.8 million in same-property EBITDA, $5.3 million in adjusted EBITDA and $0.05 in adjusted FFO per share.
Made an investment of $33.9 million across the portfolio in Q1, with a projected total spend of $85-90 million for the year.
儘管天氣惡劣,但PEB的關鍵數據超過了財務預期,例如同物業酒店的息稅折舊攤銷前利潤、調整後的息稅折舊攤銷前利潤和調整後的FFO。
城市物業的RevPAR增長了5%,抵消了度假村4.4%的下降。
與去年第一季度相比,隨着入住率和RevPAR的增加,同類物業投資組合繼續復甦。
PEB的同物業息稅折舊攤銷前利潤比第一季度預期高出280萬美元,調整後的息稅折舊攤銷前利潤超過530萬美元,調整後的每股FFO高出0.05美元。
第一季度在整個投資組合中投資了3,390萬美元,預計該年度的總支出爲8500萬至9000萬美元。
Business Progress:
業務進展:
Urban markets like Washington D.C. and San Diego experienced a boost in hotel occupancy and RevPar.
Despite adverse weather, Key West Resorts reported positive RevPAR growth.
Newly developed properties in San Diego reported a significant increase in RevPAR compared to Q1 2023.
Ventured into the growing market of alternative accommodation offerings and maintained financial stability with no major debt maturing until October 2025.
PEB improved operational efficiency by introducing cost-reducing and process-improving systems.
The company has seen a steady recovery in business transient travel from technology firms and financial and consulting businesses.
Plans to invest in buying back its own stocks and expects to profit from its resort assets. Some slow-to-recover urban assets may be sold.
Generated over $330 million from transactions last year and plans to remain proactive in its efforts despite anticipating a slowdown in transactions this year.
華盛頓特區和聖地亞哥等城市市場的酒店入住率和RevPAR均有所提高。
儘管天氣不利,但基韋斯特度假村仍報告了RevPAR的正增長。
聖地亞哥新開發的房產報告稱,與2023年第一季度相比,RevPAR大幅增加。
冒險進入不斷增長的替代住宿產品市場,保持財務穩定,直到2025年10月才有重大債務到期。
PEB 通過引入降低成本和改進流程的系統提高了運營效率。
該公司看到科技公司以及金融和諮詢業務的短暫商務差旅穩步恢復。
計劃投資回購自有股票,並預計將從其度假資產中獲利。一些回收緩慢的城市資產可能會被出售。
去年的交易額超過3.3億美元,儘管預計今年的交易將放緩,但仍計劃繼續積極努力。
More details: Pebblebrook Hotel Trust IR
更多詳情: 佩布爾布魯克酒店信託基金 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。