Pebblebrook Hotel Trust

Listed Company

PEBCIK 0001474098NYSELarge AcceleratedReal Estate Investment TrustsMarylandFY ends Dec 31

Period

FY 2025

Revenue

$1.48B

Net Income

$-65.81M

Total Assets

$5.35B

Equity

$2.47B

Shares Out

113.37M

Op. Cash Flow

$249.73M

PEB$18.98+83.20% · past yearDBEQ Basic

Daily closing prices

Business

Pebblebrook Hotel Trust is an internally managed real estate investment trust that opportunistically acquires and owns hotel and resort properties located primarily in major U.S. urban markets and gateway coastal destinations. The company owns interests in 44 hotels with 11,052 guest rooms, focused on upper-upscale, full-service properties in markets including Boston, Chicago, Los Angeles, San Francisco, Washington D.C., and Miami-area destinations. Properties are leased to a taxable REIT subsidiary that engages third-party independent contractors to manage operations, while the trust provides active asset management including revenue optimization, capital improvements, and repositioning strategies.

Summary from 10-K filed 2026-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	1,476	1,453	1,420	1,392	733
Total hotel operating expenses	986	961	941	883	497
Depreciation and amortization	228	230	241	240	224
Real estate taxes, personal property taxes, property insurance, and ground rent	133	126	125	126	—
General and administrative	49	48	45	39	38
Impairment	49	48	82	90	15
Gain on sale of hotel properties	0	0	−30	−6	−65
Business interruption insurance income and gain on insurance settlement	−17	−49	−33	0	0
Other operating expenses	4	5	13	5	2
Total operating expenses	1,432	1,369	1,382	1,377	823
Operating income (loss)	44	84	38	15	−90
Interest expense	−103	−112	−116	−100	—
Other	4	3	4	562,000	113,000
Income (loss) before income taxes	−56	−26	−74	−85	−186
Income tax (expense) benefit	−6	26	−655,000	−277,000	−61,000
Net income (loss)	−62	16,000	−74	−85	−186
Net income (loss) attributable to non-controlling interests	4	4	4	2	−2
Net income (loss) attributable to the Company	−66	−4	−78	−87	−185
Distributions to preferred shareholders	−42	−43	−44	−45	−42
Repurchase of preferred shares	2	0	8	8	−8
Net income (loss) attributable to common shareholders	−106	−47	−113	−124	−235
Net income (loss) per share available to common shareholders, basic (in usd per share)	−0.9	−0.39	−0.93	−0.95	−1.8
Net income (loss) per share available to common shareholders, diluted (in usd per share)	−0.9	−0.39	−0.93	−0.95	−1.8
Weighted-average number of common shares, basic (in shares)	117	120	122	130	131
Weighted-average number of common shares, diluted (in shares)	117	120	122	130	131

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Investment in hotel properties, net	5,023	5,319	5,491	5,875	6,079
Cash and cash equivalents	184	207	184	41	59
Restricted cash	12	11	10	11	34
Hotel receivables (net of allowance for doubtful accounts of $241 and $439, respectively)	34	39	44	45	37
Prepaid expenses and other assets	94	118	97	116	53
Total assets	5,348	5,693	5,825	6,134	6,261
Debt	2,124	2,247	2,320	2,387	2,442
Accounts payable, accrued expenses and other liabilities	200	222	239	251	251
Lease liabilities - operating leases	333	321	321	320	319
Deferred revenues	105	92	77	74	69
Accrued interest	12	12	7	5	5
Distribution payable	12	12	12	12	12
Total liabilities	2,785	2,905	2,975	3,049	3,097
Commitments and contingencies (Note 11)	—	—	—	—	—
Preferred shares of beneficial interest, $.01 par value (liquidation preference $676,724 and $690,000 at December 31, 2025 and December 31, 2024, respectively), 100,000,000 shares authorized; 27,068,962 and 27,600,000 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	271,000	276,000	276,000	286,000	296,000
Common shares of beneficial interest, $.01 par value, 500,000,000 shares authorized; 113,188,134 and 119,285,394 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	1	1	1	1	1
Additional paid-in capital	3,970	4,072	4,079	4,182	4,268
Accumulated other comprehensive income (loss)	605,000	17	24	36	−19
Distributions and retained deficit	−1,503	−1,393	—	—	—
Total shareholders' equity	2,469	2,697	2,764	2,997	3,156
Non-controlling interests	94	90	87	88	8
Total equity	2,563	2,788	2,850	3,085	3,164
Total liabilities and equity	5,348	5,693	5,825	6,134	6,261

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Provision (benefit) for deferred income taxes	4	−28	0	0	—
Share-based compensation	14	14	13	11	11
Gain on insurance settlement	−5	−25	0	0	—
Amortization of deferred financing costs, non-cash interest and other amortization	13	14	12	13	17
Gain on extinguishment of debt	−6	0	0	—	—
Non-cash ground rent	10	10	10	—	—
Other adjustments	−831,000	−5	−8	−5	−2
Hotel receivables	4	5	1	−8	−28
Prepaid expenses and other assets	−6	9	−11	−10	−428,000
Accounts payable and accrued expenses	−9	−14	−6	25	52
Deferred revenues	18	19	8	4	26
Net cash provided by (used in) operating activities	250	275	236	279	71
Improvements and additions to hotel properties	−97	−129	−201	—	—
Proceeds from sales of hotel properties	103	0	315	249	256
Property insurance proceeds	6	37	30	6	0
Other investing activities	−481,000	−885,000	−2	−25,000	−128,000
Net cash provided by (used in) investing activities	10	−93	142	−109	−82
Payment of deferred financing costs	−11	−22	−3	−12	−15
Borrowings under revolving credit facilities	0	0	10	190	0
Repayments under revolving credit facilities	0	0	−10	−190	−40
Proceeds from debt	400	400	140	1,380	269
Repayments of debt	−511	−465	−211	−1,435	−392
Purchases of capped calls for convertible senior notes	−27	0	0	0	−21
Repurchases of common shares	−73	−17	−93	−71	−720,000
Repurchases of preferred shares	−6	0	−16	−16	−250
Distributions common shares/units	−5	−5	−5	−5	−5
Distributions preferred shares/units	−47	−47	−49	−47	−39
Other financing activities	−1	−2	−928,000	−3	−3
Net cash provided by (used in) financing activities	−281	−158	−237	−209	−33
Net change in cash and cash equivalents and restricted cash	−21	24	141	−40	−44

Filings

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Frequently asked questions

What is Pebblebrook Hotel Trust's CIK number?

Pebblebrook Hotel Trust's SEC CIK number is 0001474098 (1474098). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Pebblebrook Hotel Trust's SEC filings?

All of Pebblebrook Hotel Trust's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Pebblebrook Hotel Trust last report earnings?

Pebblebrook Hotel Trust (PEB) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001474098-26-000040). This is Pebblebrook Hotel Trust's most recent earnings filing of record — not a forecast of its next earnings date.

What is Pebblebrook Hotel Trust's most recent earnings 8-K?

Pebblebrook Hotel Trust's latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001474098-26-000040. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Pebblebrook Hotel Trust's latest earnings 8-K →
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