Pebblebrook Hotel FFO of $0.62 beats by $0.06, revenue of $384.3M beats by $1.65M

• Pebblebrook Hotel press release (NYSE:PEB): Q2 FFO of $0.62 beats by $0.06.
• Revenue of $384.3M (-3.3% Y/Y) beats by $1.65M.
• Same-Property Total RevPAR increased 0.6% vs. 2022, with urban markets up 6.0%, leading the portfolio’s growth
• Same-Property EBITDA of $110.7 million, in line with our previous Q2 Outlook
• Adjusted EBITDAre(1) of $116.2 million and Adjusted FFO(1) per diluted share of $0.62, both exceeded our Q2 Outlook