Pebblebrook Hotel Trust: Series G - A Prime Value Investing Candidate
Pebblebrook Hotel Trust 6.375% RED PFD G offers a compelling total return outlook, trading 21% below liquidation value with high double-digit yield. PEB.PR.G's credit risk appears contained, supported by a 1.86x asset coverage ratio and fixed charge coverage near 1.8–1.9x. Despite a 2025 accounting loss, strong funds from operations and low preferred + unit holder payout ratio (~28.2%) indicate that preferred distributions remain well covered.
PEB - Pebblebrook Hotel Trust