PEB vs SHO: Pebblebrook Hotel Trust and Sunstone Hotel Investors compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Pebblebrook Hotel Trust is the larger company, worth $2.3B, close to Sunstone Hotel Investors's $2.2B.
- Sunstone Hotel Investors grew revenue faster over the last year (+6.7% vs -0.1%).
- Sunstone Hotel Investors's price assumes faster free cash flow growth: about 9% a year, against 1% for Pebblebrook Hotel Trust (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | PEB | SHO |
|---|---|---|
| Market cap | $2.3B | $2.2B |
| Share price | $19.12 | $11.31 |
| Revenue (last fiscal year) | $1.5B | $960M |
| Free cash flow (last fiscal year) | $152M | $79M |
| Revenue growth, last year | -0.1% | +6.7% |
| Revenue growth per year, last 5 fiscal years | +19.1% | +17.2% |
| Operating margin | 4.3% | — |
| Net margin | -3.1% | 5.3% |
| Return on equity | -1.9% | 2.8% |
| P/E (trailing) | — | 107.5x |
| Price / free cash flow | 14.9x | 28.0x |
| EV / EBITDA | 13.8x | 13.7x |
| FCF growth the price implies | 1.1% | 9.4% |
| Dividend yield | 0.21% | 3.1% |
| Debt / equity | 1.14x | 0.61x |
| Fundamental grade | D | D |
| Superinvestors holding it | 4 | 1 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Pebblebrook Hotel Trust
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $733M | — | -12.2% |
| 2022 | $1.4B | — | 1.1% |
| 2023 | $1.4B | $36M | 2.7% |
| 2024 | $1.5B | $146M | 5.8% |
| 2025 | $1.5B | $152M | 3.0% |
Sunstone Hotel Investors
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $509M | -$35M | — |
| 2022 | $912M | $81M | — |
| 2023 | $986M | $88M | — |
| 2024 | $906M | $13M | — |
| 2025 | $960M | $79M | — |
Where the revenue comes from
Pebblebrook Hotel Trust · by products, 2025
Room$920M62%
Food and beverage$388M26%
Other$167M11%
Sunstone Hotel Investors · by products, 2025
Room$583M61%
Food and beverage$279M29%
Other operating$99M10%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open PEB in InvestinglyQuestions
Which is bigger, Pebblebrook Hotel Trust or Sunstone Hotel Investors?
Pebblebrook Hotel Trust (PEB), at $2.3B against $2.2B.
Which grows faster, PEB or SHO?
Sunstone Hotel Investors: revenue grew +6.7% over the last year, against -0.1%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.