Pebblebrook Hotel Trust outlined its earnings expectations for the fourth quarter and adjusted its outlook for the 2019 full year.
The company said in its third-quarter earnings release that it now expects 2019 adjusted funds from operations per share in the range of $2.57 to $2.60, compared to its earlier range of $2.62 to $2.67. Full-year FFO is expected in a per-share range of $2.31 to $2.34.
For the fourth quarter, the hotel real estate investment trust projects FFO and AFFO in respective per-share ranges of 41 cents to 44 cents and 49 cents to 52 cents.
The S&P Global Market Intelligence consensus FFO-per-share estimates for the fourth quarter and full year are 54 cents and $2.63, respectively.