Pebblebrook Hotel: Q1 Earnings Snapshot

Pebblebrook Hotel: Q1 Earnings Snapshot

BETHESDA, Md. (AP) _ Pebblebrook Hotel Trust (PEB) on Tuesday reported a key measure of profitability in its first quarter. The results surpassed Wall Street expectations. The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $14 million, or 11 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 3 cents per share. Funds from operations is a closely watched measure in the REIT industry.