Company: PEB
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001474098-25-000138
Chunk: 44

Company: Pebblebrook Hotel Trust
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 44
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 on each Series H Preferred Share is 2.2311 common shares. Preferred Share Repurchase ProgramOn February 17, 2023, the Company's Board of Trustees authorized a share repurchase program of up to $100.0 million of the Preferred Shares. Under the terms of the program, the Company may repurchase up to an aggregate of $100.0 million of its 6.375% Series E Cumulative Redeemable Preferred Shares, 6.30% Series F Cumulative Redeemable Preferred Shares, 6.375% Series G Cumulative Redeemable Preferred Shares and 5.70% Series H Cumulative Redeemable Preferred Shares from time to time in transactions on the open market or by private agreement. During the nine months ended September 30, 2025, the Company repurchased 57,843 Preferred Shares for an aggregate purchase price of $1.1 million, or an average of approximately $18.38 per share. As of September 30, 2025, $83.1 million of Preferred Shares remained available for repurchase under this program. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will depend on a variety of factors, including legal requirements, price, liquidity and economic considerations, and market conditions. The program does not require the Company to repurchase any specific number of Preferred Shares. The program does not have an expiration date and may be suspended, modified or discontinued at any time.

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Preferred DividendsThe Company declared the following dividends on preferred shares for the nine months ended September 30, 2025:Security TypeDividend per Share/UnitFor the Quarter EndedRecord DatePayable Date6.375% Series E$0.40 March 31, 2025March 31, 2025April 15, 20256.375% Series E$0.40 June 30, 2025June 30, 2025July 15, 20256.375% Series E$0.40 September 30, 2025September 30, 2025October 15, 20256.30% Series F$0.39 March 31, 2025March 31, 2025April 15, 20256.30% Series F$0.39 June 30, 2025June 30, 2025July 15,