Pebblebrook Hotel Trust (PEB) vs RLJ Lodging Trust (RLJ)

Pebblebrook Hotel Trust and RLJ Lodging Trust are both Reit Hotel & Motel companies. Pebblebrook Hotel Trust is the larger, with a market value of $2.3B against $1.9B — 1.2× the size. Pebblebrook Hotel Trust has negative trailing earnings, so its P/E is not meaningful; RLJ Lodging Trust trades at 208×. RLJ Lodging Trust grew revenue faster over the last twelve months: 4.05% against 2.76%. RLJ Lodging Trust has the higher net margin (0.77% vs −6.54%) and the higher return on invested capital (2.28% vs 0.69%). Both pay a dividend; RLJ Lodging Trust yields more (4.81% vs 0.19%). Across the 21 metrics below, RLJ Lodging Trust leads on 13 and Pebblebrook Hotel Trust on 8.

Valuation

Metric PEB RLJ Reit Hotel & Motel median
P/E n/m 208.00 28.97
P/S 1.57 1.33 1.57
P/B 0.98 1.05 1.22
Price to free cash flow 7.00 7.89 7.89
EV/EBITDA 16.71 10.28 11.96
EV/Sales 3.02 2.54 2.84
Earnings yield (3.77%) 0.48% 0.18%
Free cash flow yield 14.29% 12.67% 6.68%

Profitability

Metric PEB RLJ Reit Hotel & Motel median
Gross margin 25.90% 0.00% 32.55%
Operating margin 3.09% 10.01% 9.93%
Net margin (6.54%) 0.77% 0.34%
Free cash flow margin 22.49% 19.39% 19.63%
Return on equity (3.91%) 0.59% 0.59%
Return on assets (1.83%) 0.23% 0.14%
Return on invested capital 0.69% 2.28% 2.34%

Growth

Metric PEB RLJ Reit Hotel & Motel median
Revenue growth (TTM) 2.76% 4.05% 2.76%
EPS growth (last fiscal year) (130.77%) (96.30%) (16.85%)
Revenue growth, 5-year CAGR 27.21% 23.33% 24.43%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PEB RLJ Reit Hotel & Motel median
Debt to equity 0.86 1.02 0.80
Current ratio 1.38 0.00 1.15
Net debt to EBITDA 6.79 5.14 5.14

Dividend

Metric PEB RLJ Reit Hotel & Motel median
Dividend yield 0.19% 4.81% 3.05%
Payout ratio — 10.00 1.19

Size

Metric PEB RLJ Reit Hotel & Motel median
Market cap 2.32b 1.90b 1.96b

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