Company: PEB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001474098-25-000119
Chunk: 37

Company: Pebblebrook Hotel Trust
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 37
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 time in transactions on the open market or by private agreement. The Company may suspend or discontinue this program at any time. Common shares repurchased by the Company cease to be outstanding and become authorized but unissued common shares. During the six months ended June 30, 2025, the Company repurchased 1,298,396 common shares for an aggregate purchase price of $14.3 million, or an average of approximately $11.04 per share. As of June 30, 2025, $116.6 million of common shares remained available for repurchase under this program.Common DividendsThe Company declared the following dividends on common shares/units for the six months ended June 30, 2025:Dividend per Share/UnitFor the Quarter EndedRecord DatePayable Date$0.01 March 31, 2025March 31, 2025April 15, 2025$0.01 June 30, 2025June 30, 2025July 15, 2025Preferred SharesThe Company is authorized to issue up to 100,000,000 preferred shares of beneficial interest, $0.01 par value per share ("preferred shares"). 

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The following preferred shares were outstanding as of June 30, 2025 and December 31, 2024:Security TypeJune 30, 2025December 31, 20246.375% Series E4,400,000 4,400,000 6.30% Series F6,000,000 6,000,000 6.375% Series G9,200,000 9,200,000 5.70% Series H8,000,000 8,000,000 27,600,000 27,600,000 The Series E, Series F, Series G and Series H Cumulative Redeemable Preferred Shares (collectively, the "Preferred Shares") rank senior to the common shares and on parity with each other with respect to payment of distributions. The Preferred Shares do not have any maturity date and are not subject to mandatory redemption. The Company may redeem the Series E and Series F Preferred Shares at any time. The Series G and Series H Preferred Shares may not be redeemed prior to May 13, 2026 and July 27, 2026, respectively, except in limited circumstances relating to the Company’s continuing qualification as a REIT or as discussed below. On or after such