Pebblebrook Hotel Trust

Support failure below the key $18.00 zone and price tracking under the 9/20/50 EMAs confirm bearish medium-term structure. We maintain a bearish posture, awaiting a pullback or retest into EMAs or the $18.00–$17.90 support range for controlled trims, while acknowledging the intact long-term uptrend above the 200-day average.

• ↑Q1 same-property hotel EBITDA jumped 27.6% to $82.2 M
• ↑RevPAR up 37.9% in Q4 2025 with occupancy +550 bps
• ↓Washington RevPAR down 24.1%, dragging portfolio performance