Company: PEB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001474098-25-000119
Chunk: 48

Company: Pebblebrook Hotel Trust
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 48
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 three and six months ended June 30, 2025 and 2024 (in thousands):For the three months ended June 30,For the six months ended June 30,2025202420252024Revenues:Total revenues$407,537 $397,110 $727,803 $711,179 Less: Corporate and other revenues209 1,364 587 3,082 Hotel revenues407,328 395,746 727,216 708,097 Significant hotel expenses:Room expenses67,732 65,003 126,255 120,026 Food and beverage expenses72,658 70,921 137,226 131,935 Hotel general and administrative31,579 31,224 60,690 58,796 Hotel sales and marketing25,083 24,414 48,038 46,653 Hotel operations and maintenance30,963 30,185 61,895 58,911 Hotel management fee11,636 11,578 19,585 19,947 Hotel real estate taxes, personal property taxes, property insurance and ground rent34,063 24,319 67,110 56,385 Other segment items (1)12,635 12,635 24,611 23,873 Hotel EBITDA120,979 125,467 181,806 191,571 Depreciation and amortization(57,645)(57,296)(115,188)(114,505)Interest expense(27,282)(27,939)(54,415)(54,360)Business interruption insurance income3,242 7,301 7,545 11,281 Income tax (expense) benefit(7,812)(1,010)(4,650)(1,056)Corporate and other (2)(12,197)(14,284)(27,993)(28,212)Net income (loss)$19,285 $32,239 $(12,895)$4,719 ______________________(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