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Office Defaults Hit a 10-Year High. Hotel Developers Should Be on the Phone With Receivers Right Now. A 25-Basis-Point Hike on $15M in Floating-Rate Debt Costs You $37,500 a Year. That's Not Abstract. Spirit Airlines Is Dead. Your Drive-To Market Just Became the Most Valuable Asset You Own. Pebblebrook's Preferred Shares Yield 8.15%. The Common Trades at a 33% Discount to NAV. DiamondRock's FFO Guidance Beat the Street by 29%. The Analyst Models Were Stale. RLJ Lost $6.4 Million Last Quarter. Their Stock Went Up. Here's Why That Makes Sense. DiamondRock Sold a Manhattan Courtyard for $175K Per Key. The Market Flinched. Office Defaults Hit a 10-Year High. Hotel Developers Should Be on the Phone With Receivers Right Now. A 25-Basis-Point Hike on $15M in Floating-Rate Debt Costs You $37,500 a Year. That's Not Abstract. Spirit Airlines Is Dead. Your Drive-To Market Just Became the Most Valuable Asset You Own. Pebblebrook's Preferred Shares Yield 8.15%. The Common Trades at a 33% Discount to NAV. DiamondRock's FFO Guidance Beat the Street by 29%. The Analyst Models Were Stale. RLJ Lost $6.4 Million Last Quarter. Their Stock Went Up. Here's Why That Makes Sense. DiamondRock Sold a Manhattan Courtyard for $175K Per Key. The Market Flinched.

📊 Topic

Net debt to EBITDA leverage

1 story · First covered May 5, 2026 · Latest 8h ago

Net debt to EBITDA leverage Coverage

Pebblebrook's Preferred Shares Yield 8.15%. The Common Trades at a 33% Discount to NAV.

REITs

8h ago

Pebblebrook's Preferred Shares Yield 8.15%. The Common Trades at a 33% Discount to NAV.

Pebblebrook's Series E preferred shares are paying 6.375% with a yield north of 8%, while the common stock sits a third below net asset value. That gap between what the preferred holders are getting and what the common holders are enduring tells you everything about where hotel REIT capital structures get uncomfortable.

JC

Jordan Chen 2 min read · 8h ago