NYSE : PEB

Pebblebrook Hotel Trust — Financial statements

Real Estate · REIT - Hotel & Motel · United States

Last price 21.72 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.48B

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Financial statements

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Rental Revenue943.43M920.17M922.35M914.11M910.94M483.19M
Other Revenue561.13M555.38M530.96M505.84M480.95M249.85M
Total Revenue1.50B1.48B1.45B1.42B1.39B733.04M
Property Expenses1.11B1.12B1.09B1.07B1.01B608.25M
Selling, General & Administrative47.33M49.47M48.08M44.79M39.19M38.17M
Depreciation & Amortization210.66M227.66M229.53M240.65M239.58M224.25M
Other Operating Expenses2.72M4.21M4.71M6.00M5.15M2.04M
Total Operating Expenses1.38B1.40B1.37B1.36B1.29B872.71M
Operating Income129.03M75.25M83.80M62.84M98.36M-139.66M
Interest Expense-107.06M-103.33M-112.43M-115.66M-99.99M-96.63M
Other Non-Operating Income4.95M3.60M2.79M4.23M562.00K113.00K
EBT Excluding Unusual Items26.92M-24.49M-25.84M-48.59M-1.06M-236.18M
Gain (Loss) on Sale of Assets30.38M6.19M64.73M
Total Insurance Settlements6.00M17.42M48.57M32.98M
Asset Writedown-88.50M-48.87M-38.15M-81.79M-81.73M-14.86M
Other Unusual Items-10.20M-6.60M-8.10M
Pretax Income-55.58M-55.94M-25.61M-73.62M-84.70M-186.31M
Income Tax Expense9.51M6.29M-25.63M655.00K277.00K61.00K
Earnings From Continuing Operations-65.09M-62.23M16.00K-74.28M-84.98M-186.37M
Minority Interest in Earnings-3.43M-3.58M-4.26M-3.74M-2.19M1.51M
Net Income-68.52M-65.81M-4.24M-78.02M-87.17M-184.86M
Preferred Dividends & Other Adjustments29.84M39.95M42.56M35.29M36.93M50.21M
Net Income to Common-98.36M-105.76M-46.80M-113.31M-124.10M-235.06M
Basic Shares Outstanding112.86M117.03M119.77M121.81M130.45M130.80M
Diluted Shares Outstanding112.86M117.03M119.77M121.81M130.45M130.80M
EPS (Basic)-0.87-0.90-0.39-0.93-0.95-1.80
EPS (Diluted)-0.87-0.90-0.39-0.93-0.95-1.80
Dividend Per Share0.040.040.040.040.040.04
Operating Margin8.58%5.10%5.77%4.42%7.07%-19.05%
Profit Margin-6.54%-7.17%-3.22%-7.98%-8.92%-32.07%
EBITDA339.69M302.91M313.33M303.48M337.94M84.59M
EBITDA Margin22.58%20.53%21.56%21.37%24.28%11.54%
D&A For Ebitda210.66M227.66M229.53M240.65M239.58M224.25M
EBIT129.03M75.25M83.80M62.84M98.36M-139.66M
EBIT Margin8.58%5.10%5.77%4.42%7.07%-19.05%
Funds From Operations (FFO)199.39M169.50M230.21M177.53M197.83M-62.59M
Adjusted Funds From Operations (AFFO)217.16M187.45M204.33M197.10M221.57M-62.59M
FFO Payout Ratio2.30%2.81%2.11%2.80%2.67%
Revenue as Reported1.50B1.48B1.45B1.42B1.39B733.04M

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Property, Plant & Equipment4.77B5.02B5.32B5.49B5.87B6.08B
Cash & Equivalents287.51M184.19M206.65M183.75M41.04M58.52M
Accounts Receivable43.13M34.18M39.12M43.91M45.26M37.05M
Restricted Cash10.36M12.02M10.94M9.89M11.23M33.73M
Other Current Assets86.18M93.63M100.99M72.14M161.14M52.56M
Trading Asset Securities9.30M700.00K16.60M24.50M
Total Assets5.20B5.35B5.69B5.82B6.13B6.26B
Current Portion of Long-Term Debt350.59M393.21M17.18M460.00M
Current Portion of Leases24.53M
Long-Term Debt1.73B1.73B2.23B1.86B2.39B2.44B
Long-Term Leases380.73M353.13M364.74M364.02M363.10M361.43M
Accounts Payable183.20M154.14M178.23M195.24M207.82M208.58M
Accrued Expenses19.32M12.11M11.55M6.83M4.54M4.57M
Other Current Liabilities11.62M11.64M11.87M11.86M12.65M11.76M
Long-Term Unearned Revenue102.77M104.90M92.35M76.87M73.60M69.06M
Total Liabilities2.78B2.79B2.91B2.97B3.05B3.10B
Preferred Stock, Redeemable252.00K271.00K276.00K276.00K286.00K296.00K
Common Stock1.11M1.13M1.19M1.20M1.26M1.31M
Additional Paid-In Capital3.90B3.97B4.07B4.08B4.18B4.27B
Distributions in Excess of Earnings-1.58B-1.50B-1.39B-1.34B-1.22B-1.09B
Comprehensive Income & Other9.23M605.00K16.55M24.37M35.72M-19.44M
Total Common Equity2.33B2.47B2.70B2.76B3.00B3.16B
Minority Interest94.48M94.12M90.45M86.84M88.03M7.72M
Shareholders' Equity2.42B2.56B2.79B2.85B3.08B3.16B
Total Liabilities & Equity5.20B5.35B5.69B5.82B6.13B6.26B
Total Debt2.46B2.50B2.61B2.68B2.75B2.80B
Net Cash (Debt)-2.17B-2.32B-2.39B-2.48B-2.71B-2.74B
Net Cash Per Share-19.19-19.81-19.94-20.32-20.77-20.98
Filing Date Shares Outstanding111.69M113.77M119.81M120.29M125.98M131.49M
Total Common Shares Outstanding111.30M113.19M119.29M120.19M126.35M130.81M
Book Value Per Share20.9321.8122.6122.9923.7124.13
Tangible Book Value2.33B2.47B2.70B2.76B3.00B3.16B
Tangible Book Value Per Share20.9321.8122.6122.9923.7124.13
Land717.41M754.38M800.14M810.63M897.76M926.33M
Buildings4.89B5.00B5.06B5.01B5.17B5.20B
Construction In Progress3.70M1.20M5.07M27.12M11.96M15.87M

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income-68.52M-65.81M-4.24M-78.02M-87.17M-184.86M
Depreciation & Amortization210.66M227.66M229.53M240.65M239.58M224.25M
Other Amortization14.86M12.51M14.33M12.12M13.45M16.63M
Gain (Loss) on Sale of Assets-30.38M-6.19M-64.73M
Asset Writedown88.50M48.87M48.15M81.79M89.63M14.86M
Stock-Based Compensation10.89M13.72M13.60M12.54M11.35M11.43M
Change in Accounts Receivable5.35M4.02M5.04M1.17M-7.97M-27.51M
Change in Accounts Payable-2.50M-8.54M-14.47M-5.86M24.81M51.79M
Change in Other Net Operating Assets2.89M-5.93M8.89M-11.19M-10.02M-428.00K
Other Operating Activities14.32M5.37M-44.54M5.84M7.43M3.59M
Operating Cash Flow286.56M249.73M275.00M236.20M278.75M70.77M
Acquisition of Real Estate Assets-66.88M-97.40M-128.75M-200.63M-363.91M-337.37M
Sale of Real Estate Assets118.74M102.64M314.94M248.91M255.93M
Net Sale / Acq. of Real Estate Assets51.87M5.24M-128.75M114.31M-115.00M-81.44M
Other Investing Activities3.16M5.08M35.92M27.71M5.61M-128.00K
Investing Cash Flow55.03M10.32M-92.83M142.02M-109.39M-81.57M
Short-Term Debt Issued10.00M190.15M
Long-Term Debt Issued400.00M400.00M140.00M1.38B268.60M
Total Debt Issued360.00M400.00M400.00M150.00M1.57B268.60M
Short-Term Debt Repaid-10.00M-190.15M
Long-Term Debt Repaid-511.20M-465.43M-211.09M-1.43B-432.24M
Total Debt Repaid-519.47M-511.20M-465.43M-221.09M-1.63B-432.24M
Net Debt Issued (Repaid)-159.47M-111.20M-65.43M-71.09M-54.96M-163.64M
Repurchase of Common Stock-41.77M-72.65M-16.85M-92.75M-70.72M-720.00K
Preferred Stock Issued480.00M
Preferred Share Repurchases-14.70M-6.06M-15.79M-16.00M-250.00M
Common Dividends Paid-4.59M-4.76M-4.87M-4.97M-5.29M-5.28M
Preferred Dividends Paid-45.98M-47.16M-47.18M-48.61M-47.37M-39.44M
Total Dividends Paid-50.57M-51.92M-52.05M-53.58M-52.66M-44.72M
Other Financing Activities-9.33M-39.60M-23.89M-3.64M-15.00M-54.17M
Net Cash Flow65.75M-21.39M23.95M141.37M-39.98M-44.05M
Levered Free Cash Flow316.60M223.80M202.16M312.91M169.18M82.26M
Unlevered Free Cash Flow368.65M275.87M258.11M373.07M218.22M126.03M
Cash Interest Paid92.91M99.18M100.42M105.52M82.85M84.45M
Cash Income Tax Paid3.48M1.41M2.58M-2.55M-2.30M-258.00K
Change in Working Capital15.84M7.42M18.17M-8.35M10.66M49.59M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization2.49B1.29B1.62B1.93B1.76B2.93B
Enterprise Value4.65B3.77B4.13B4.52B4.40B5.54B
Last Close Price21.5411.3013.4715.8513.2422.07
PS Ratio1.640.871.111.361.263.99
PB Ratio1.030.500.580.680.570.93
P/OCF Ratio8.635.155.888.156.3241.35
EV/Sales Ratio3.082.562.843.183.167.55
EV/EBITDA Ratio13.6512.4413.1914.8913.0265.47
EV/EBIT Ratio35.9550.0949.3371.9044.73
Debt / Equity Ratio1.020.980.940.940.890.89
Debt / EBITDA Ratio6.807.767.838.297.3325.25
Net Debt / Equity Ratio0.890.900.860.870.880.87
Net Debt / EBITDA Ratio6.387.657.628.168.0232.45
Asset Turnover0.280.270.250.240.230.12
Quick Ratio0.600.371.200.370.380.42
Current Ratio0.770.551.710.501.150.81
Return on Equity (ROE)-2.59%-2.33%0.00%-2.50%-2.72%-5.80%
Return on Assets (ROA)1.50%0.85%0.91%0.66%0.99%-1.42%
Return on Invested Capital (ROIC)2.62%1.44%1.53%1.10%1.67%-2.36%
Earnings Yield-3.96%-5.12%-0.26%-4.05%-4.95%-6.32%
Dividend Yield0.18%0.35%0.29%0.25%0.29%0.18%
Buyback Yield / Dilution4.80%2.29%1.67%6.62%0.27%-0.15%
Total Shareholder Return4.98%2.65%1.97%6.87%0.56%0.03%