Pebblebrook Hotel: Synergies Expected, But Still Faces Elevated Supply In Several Markets

About: Pebblebrook Hotel Trust (PEB)
by: Ploutos Investing
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Ploutos Investing
Dividend Growth Investing, Growth At Reasonable Price, Value, long-term horizon

Pebblebrook Hotel operates upper-upscale hotels in several key coastal markets in the United States.

The company has a list of redevelopment projects to grow its EBITDA in future years.

Pebblebrook Hotel pays a 5.4%-yielding dividend.

Investment Thesis

Pebblebrook Hotel Trust (PEB) delivered positive revenue per available room growth in Q1 2019. The REIT has several redevelopment projects that should help it to grow its EBITDA in subsequent years.