What drives PEB's consistent EPS surprises in 2024?

Pebblebrook Hotel Trust (PEB) has experienced a negative EPS surprise of -$0.13 for the most recent quarter ending on December 31, 2024. Despite this, the company has a history of insider buying, with CEO Jon E. Bortz acquiring 53,000 shares in March 2025, indicating confidence in the company's long-term value. The company's financial performance has been mixed, with a net income of -$49.85 million and a revenue of $337.6 million for the quarter.

1. **Revenue Growth**: Pebblebrook's revenue for the quarter was strong, reaching $337.6 million and surpassing the forecasted $324.03 million. This revenue boost was attributed to robust performance in resort properties, particularly in California, and the completion of a $525 million redevelopment program.
2. **Cost Management**: The company's focus on cost management may have helped to mitigate the impact of lower revenue on earnings. For example, the company's adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was $23.9 million for the quarter, indicating that operational efficiencies may have helped to offset some of the revenue shortfall.
3. **Strategic Initiatives**: Pebblebrook's strategic initiatives, such as the completion of a $525 million redevelopment program, may have helped to improve the company's long-term prospects and attract investors. However, these initiatives may also have incurred significant costs in the short term, which could have impacted earnings.

In conclusion, Pebblebrook's consistent EPS surprises in 2024 can be attributed to a combination of factors, including strong revenue growth, effective cost management, and strategic initiatives. These factors have helped the company to deliver solid financial performance despite the challenges posed by the pandemic.

|code|Ticker|Name|Date|EPS Surprise|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|PEB|PEB.N|Pebblebrook Hotel|2024 Q1|0.05|-0.32|169|
|PEB|PEB.N|Pebblebrook Hotel|2024 Q2|0.11|0.16|169|
|PEB|PEB.N|Pebblebrook Hotel|2024 Q3|0.27|0.24|169|
|PEB|PEB.N|Pebblebrook Hotel|2024 Q4|-0.13||169|

|code|Ticker|Name|Date|Total Revenue|Net Income|market_code|
|---|---|---|---|---|---|---|
|PEB|PEB.N|Pebblebrook Hotel|2024 Q1|3.14069E8|-2.752E7|169|
|PEB|PEB.N|Pebblebrook Hotel|2024 Q2|3.9711E8|3.2239E7|169|
|PEB|PEB.N|Pebblebrook Hotel|2024 Q3|4.0453E8|4.5145E7|169|
|PEB|PEB.N|Pebblebrook Hotel|2024 Q4|3.376E8|-4.9848E7|169|