Pebblebrook's (PEB) Same-Property Revenues Decline Y/Y in April

Per Pebblebrook Hotel Trust's (PEB) recently released update, though non-room revenues increased 0.5% in April, same-property total revenues fell 1.2% year over year. Its same-property expenses increased 2.5%. The overall performance in April was affected due to the calendar shifts of Easter and Passover, as well as moving out of several large conventions to other months. Shares of the company witnessed a 4.6% decline on the NYSE, following the announcement through the May 23 closing session. The company no ...