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Pebblebrook Hotel Trust outlines Q4 guidance, adjusts FY'19 outlook

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.