Pebblebrook Hotel (PEB) Surpasses Q1 FFO and Revenue Estimates

Pebblebrook Hotel (PEB) came out with quarterly funds from operations (FFO) of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to FFO of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 23.08%. A quarter ago, it was expected that this hotel investment company would post FFO of $0.12 per share when it actually produced FFO of $0.20, delivering a surprise of 66.67%.Over the last four quart ...