PEB Pebblebrook Hotel Trust margins

Relative Growth: Rel. Growth: 25

Relative Strength: Rel. Strength: 95

Relative Valuation: Rel. Valuation: 32

Relative Profitability: Rel. Profitability: 39

Gross margin

34.4%

Operating margin

3.1%

EBITDA margin

17.2%

Net margin

-4.6%

Pebblebrook Hotel Trust reports a gross margin of 34.4%, an operating margin of 3.1%, an EBITDA margin of 17.2%, and a net margin of -4.6%, but its net margin is negative at -4.6%. All available margins expanded year over year, led by operating margin with an increase of 2.3 percentage points.

PEB margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Pebblebrook Hotel Trust's margins averaged 33.83% gross, 3.61% operating, 19.25% EBITDA, and -3.55% net. Currently, gross margin is above its three-year average, while operating, EBITDA, and net margins are below their three-year averages.

PEB margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all increased, with operating margin showing the largest gain at 2.3 percentage points.

Gross margin expansion

1.4pp

Operating margin expansion

2.3pp

EBITDA margin expansion

0.6pp

Net margin expansion

2.1pp

PEB Gross margin

Pebblebrook Hotel Trust recorded an average gross margin of 33.83% across the last 3 years. Pebblebrook Hotel Trust currently reports a gross margin of 34.4%, 0.6 percentage points above its three-year average. Over the last 3 years, Pebblebrook Hotel Trust's gross margin peaked at 34.5% in Jun 2024 and reached a low of 33% in Sep 2025.

PEB Operating margin

Pebblebrook Hotel Trust's operating margin averaged 3.61% during the last 3 years. The latest operating margin for Pebblebrook Hotel Trust is 3.1%, 0.5 percentage points below its three-year average. Over the last 3 years, Pebblebrook Hotel Trust's operating margin peaked at 6.2% in Sep 2024 and reached a low of 0.8% in Sep 2025.

PEB EBITDA margin

Over the last 3 years, Pebblebrook Hotel Trust's EBITDA margin averaged 19.25%. The current EBITDA margin of 17.2% is 2.1 percentage points below its three-year average. During this period, EBITDA margin reached a high of 22.2% in Sep 2024 and a low of 16.6% in Sep 2025.

PEB Net margin

The average net margin for Pebblebrook Hotel Trust was -3.55% over the last 3 years. As of the latest period, the current net margin for Pebblebrook Hotel Trust is -4.6%, 1.1 percentage points below its three-year average. The net margin for Pebblebrook Hotel Trust moved between -6.7% in Jun 2024 and 0.2% in Sep 2024.

PEB margin group comparison

Margins compared with peer-group, industry and sector averages

Pebblebrook Hotel Trust's gross margin of 34.4% is lower than the Real Estate sector, the industry and its peers average. In comparison with the Real Estate sector average of 62.7%, Pebblebrook Hotel Trust's gross margin is 45% lower.

PEB margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Pebblebrook Hotel Trust's gross margin?

The current gross margin for PEB is 34.4% as of Sep 30, 2026.

What is Pebblebrook Hotel Trust's operating margin?

The current operating margin for PEB is 3.1% as of Sep 30, 2026.

What is Pebblebrook Hotel Trust's EBITDA margin?

The current EBITDA margin for PEB is 17.2% as of Sep 30, 2026.

What is Pebblebrook Hotel Trust's net margin?

As of Sep 30, 2026, PEB has a net margin of -4.6%.

What are the average margins of PEB?

Over the last 3 years, Pebblebrook Hotel Trust's margins averaged 33.8% gross, 3.6% operating, 19.3% EBITDA, and -3.6% net.

What are the highest historical margins of PEB?

Looking back across 5 years, PEB reached 37.6% gross in Sep 2022, 8.4% operating in Jun 2023, 24.8% EBITDA in Jun 2023, and 0.4% net in Jun 2023.

What are the lowest historical margins of PEB?

Looking back across 5 years, PEB reached its lowest margins at 32.3% gross in Dec 2021, -12.2% operating in Dec 2021, 16.5% EBITDA in Jun 2022, and -25.2% net in Dec 2021.