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Pebblebrook Hotel Trust Q4 Adj. FFO Rises

Pebblebrook Hotel Trust (PEB) reported that its fourth-quarter adjusted FFO available to common share and unit holders rose to $71.26 million or $0.54 per share from $30.42 million or $0.33 per share in the prior year.

Net income attributable to common shareholders for the fourth-quarter was $11.40 million or $0.08 per share compared to loss of $104.31 million or $1.16 per share in the prior year.

Total revenues for the quarter were $379.41 million up from $235.64 million in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.05 per share and revenues of $370.16 million. Analysts' estimates typically exclude special items.

For 2020, the company expects adjusted FFO per share to be in the range of $2.23 - $2.33.

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