Pebblebrook Hotel Trust Earnings Per Share Disclosure
| For the year ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Numerator: | |||||||||||||||||
| Net income (loss) attributable to common shareholders | $ | (105,723) | $ | (46,767) | $ | (113,270) | |||||||||||
| Less: dividends paid on unvested share-based compensation | (34) | (37) | (41) | ||||||||||||||
| Net income (loss) available to common shareholders — basic and diluted | $ | (105,757) | $ | (46,804) | $ | (113,311) | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted-average number of common shares — basic and diluted | 117,027,594 | 119,774,655 | 121,813,042 | ||||||||||||||
| Net income (loss) per share available to common shareholders — basic | $ | (0.90) | $ | (0.39) | $ | (0.93) | |||||||||||
| Net income (loss) per share available to common shareholders — diluted | $ | (0.90) | $ | (0.39) | $ | (0.93) | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 21, 2024 | |
| 2022 | Feb 21, 2023 | |
| 2021 | Feb 22, 2022 | |
| 2020 | Feb 23, 2021 | |
| 2019 | Feb 20, 2020 | |
| 2018 | Mar 1, 2019 | |
| 2017 | Feb 22, 2018 | |
| 2016 | Feb 23, 2017 | |
| 2015 | Feb 22, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.