Pebblebrook Hotel Trust (PEB) Wednesday reported second-quarter net income of $20.3 million or $0.16 per share, compared to $33.7 million or $0.24 per share last year.
Revenues for the quarter rose to $397.1 million from $384.3 million last year.
Adjusted FFO for the quarter was $83.8 million or $0.69 per share, up from $75.7 million or $0.62 per share last year.
Looking forward to the full year, the company now expects adjusted FFO per share of $1.59 to $1.67.
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