PEBBLEBROOK HOTEL TRUST
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2016 | 40.7% | 22.0% | 9.0% |
| FY2017 | 39.2% | 17.6% | 13.0% |
| FY2018 | 38.2% | 8.1% | 1.6% |
| FY2019 | — | 14.2% | 7.2% |
| FY2020 | — | -66.1% | -88.4% |
| FY2021 | — | -12.2% | -25.2% |
| FY2022 | — | 1.1% | -6.3% |
| FY2023 | — | 2.7% | -5.5% |
| FY2024 | — | 5.8% | -0.3% |
| FY2025 | — | 3.0% | -4.5% |