Company: PEB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001474098-25-000039
Chunk: 20

Company: Pebblebrook Hotel Trust
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 20
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Accounts payable and accrued expenses(14,471)(5,860)24,808 Deferred revenues18,718 7,528 3,846 Net cash provided by (used in) operating activities275,002 236,197 278,745 Investing activities:Improvements and additions to hotel properties(128,750)(200,634)(116,743)Proceeds from sales of hotel properties— 314,941 248,908 Acquisition of hotel properties— — (247,163)Property insurance proceeds36,802 30,210 5,638 Other investing activities(885)(2,495)(25)Net cash provided by (used in) investing activities(92,833)142,022 (109,385)Financing activities:Payment of deferred financing costs(22,104)(2,710)(12,415)Borrowings under revolving credit facilities— 10,000 190,151 Repayments under revolving credit facilities— (10,000)(190,151)Proceeds from debt400,000 140,000 1,380,000 Repayments of debt(465,432)(211,088)(1,434,956)Repurchases of common shares(16,851)(92,753)(70,724)Redemption of preferred shares— (15,790)(16,000)Distributions — common shares/units(4,866)(4,971)(5,291)Distributions — preferred shares/units(47,182)(48,607)(47,367)Other financing activities(1,784)(928)(2,585)Net cash provided by (used in) financing activities(158,219)(236,847)(209,338)Net change in cash and cash equivalents and restricted cash23,950 141,372 (39,978)Cash and cash equivalents and restricted cash, beginning of year193,641 52,269 92,247 Cash and cash equivalents and restricted cash, end of year$217,591 $193,641 $52,269 

The accompanying notes are an integral part of these financial statements.

F-11

Table of Contents

PEBBLEBROOK HOTEL TRUST

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1. Organization

Pebblebrook Hotel Trust (the "Company") is an internally managed hotel investment company, formed as a Maryland real estate investment