Company: PEB
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001474098-25-000138
Chunk: 54

Company: Pebblebrook Hotel Trust
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 54
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 68,721 196,689 188,747 Food and beverage expenses71,011 71,346 208,237 203,281 Hotel general and administrative31,391 31,406 92,081 90,202 Hotel sales and marketing24,631 24,607 72,669 71,260 Hotel operations and maintenance32,733 31,913 94,628 90,824 Hotel management fee11,748 12,188 31,333 32,135 Hotel real estate taxes, personal property taxes, property insurance and ground rent35,616 34,802 102,726 91,187 Other segment items (1)15,512 14,569 40,123 38,442 Hotel EBITDA105,388 113,015 287,194 304,586 Depreciation and amortization(57,602)(57,546)(172,790)(172,051)Interest expense(20,180)(27,925)(74,595)(82,285)Impairment(46,497)(1,908)(46,497)(1,908)Business interruption insurance income and gain on insurance settlement3,874 7,059 11,419 18,340 Income tax (expense) benefit(3,002)25,213 (7,652)24,157 Corporate and other (2)(14,334)(12,763)(42,327)(40,975)Net income (loss)$(32,353)$45,145 $(45,248)$49,864 ______________________(1)    Other segment items include expenses incurred for parking, spa, franchise fees and other hotel operating expenses.(2)    Corporate and other include corporate general and administrative and other operating income and expenses.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The following discussion and analysis should be read in conjunction with the consolidated financial statements and related notes included elsewhere in this report. Pebblebrook Hotel Trust is a Maryland real estate investment trust that conducts its operations so as to qualify as a real estate investment trust ("REIT") under the Internal Revenue Code of 1986, as amended (the "Code"). Substantially all of the operations are conducted through Pebblebrook Hotel, L.P. (our "Operating Partnership"), a Delaware limited partnership of which Pebblebrook Hotel Trust is the