Company: PEB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001474098-25-000119
Chunk: 44

Company: Pebblebrook Hotel Trust
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 44
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)— — Net income (loss) available to common shareholders — basic$7,371 $20,147 $(36,171)$(18,696)Plus: Interest expense on convertible notes— 3,281 — — Net income (loss) available to common shareholders — diluted$7,371 $23,428 $(36,171)$(18,696)Denominator:Weighted-average number of common shares — basic118,172,417 120,094,380 118,685,483 120,089,803 Effect of dilutive share-based compensation211,029 209,309 — — Effect of dilutive convertible notes— 29,441,175 — — Weighted-average number of common shares — diluted118,383,446 149,744,864 118,685,483 120,089,803 Net income (loss) per share available to common shareholders — basic$0.06 $0.17 $(0.30)$(0.16)Net income (loss) per share available to common shareholders — diluted$0.06 $0.16 $(0.30)$(0.16)For the three and six months ended June 30, 2025, 998,501 and 1,390,978, respectively, of unvested service condition restricted shares and performance-based equity awards were excluded from diluted weighted-average number of common shares, as their effect would have been anti-dilutive. For the three and six months ended June 30, 2024, 617,561 and 1,217,668, respectively, of unvested service condition restricted shares and performance-based equity awards were excluded from diluted weighted-average number of common shares, as their effect would have been anti-dilutive.  For the three and six months ended June 30, 2025, 29,441,175 of common shares underlying the Convertible Notes were excluded from diluted shares as their effect would have been anti-dilutive. For the three and six months ended June 30, 2024, zero and 29,441,175, respectively, of common shares underlying the Convertible Notes were excluded from diluted shares as their effect would have been anti-dilutive.

The LTIP and OP units held by the non-controlling interest holders have been excluded from the denominator of the diluted earnings per share as there would be no effect on