trending Market Intelligence /marketintelligence/en/news-insights/trending/UGCH_dOf_vuaVjR7v5d9-A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Pebblebrook Hotel Trust revises guidance post-LaSalle Hotel buy

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Pebblebrook Hotel Trust revises guidance post-LaSalle Hotel buy

Pebblebrook Hotel Trust revised its earnings outlook for the 2018 fourth quarter and full year to take into account its recent acquisition of fellow hotel real estate investment trust LaSalle Hotel Properties and the sale of The Grand Hotel Minneapolis.

For the fourth quarter, the company now expects adjusted funds from operations per share in a range of 27 cents to 32 cents, compared to its prior guidance range of 36 cents to 43 cents.

For the 2018 full year, the REIT expects AFFO per share in a range of $2.37 to $2.44, compared to its prior guidance range of $2.57 to $2.64.

The S&P Global Market Intelligence consensus FFO-per-share estimates for the fourth quarter and full year are 40 cents and $2.50, respectively.

Pebblebrook noted that the revised outlook incorporates one month's performance of the LaSalle legacy portfolio; the negative impact of labor strikes in Boston, San Diego and San Francisco, which extended beyond the company's previous estimates; and the wildfires outside of San Francisco and Los Angeles, which occurred after the company had issued its previous earnings projection.

The new outlook also factors in the impact of the higher share count and outstanding debt following the LaSalle deal close.

The company said it also expects anticipated transaction and closing costs for the LaSalle deal to be below its previous forecast, and hopes to realize its projected $18 million to $20 million of annualized corporate synergies and expense savings.