Company: PEB
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001474098-25-000138
Chunk: 6

Company: Pebblebrook Hotel Trust
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 6
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) and our asset base (primarily depreciation and amortization).

The following table reconciles net income (loss) to EBITDA, EBITDAre, Adjusted EBITDAre and Hotel EBITDA for the three and nine months ended September 30, 2025 and 2024 (in thousands):

 For the three months ended September 30,For the nine months ended September 30, 2025202420252024Net income (loss)$(32,353)$45,145 $(45,248)$49,864 Adjustments:Interest expense20,180 27,925 74,595 82,285 Income tax expense (benefit)3,002 (25,213)7,652 (24,157)Depreciation and amortization57,602 57,546 172,790 172,051 EBITDA$48,431 $105,403 $209,789 $280,043 Impairment46,497 1,908 46,497 1,908 EBITDAre$94,928 $107,311 $256,286 $281,951 Transaction costs37 — 94 44 Non-cash ground rent on operating and capital leases1,788 1,868 5,450 5,613 Management/franchise contract transition costs— 28 5 72 Non-cash amortization of acquired intangibles(453)(482)(1,390)(1,445)Gain on insurance settlement(1,820)— (1,820)— Amortization of share-based compensation expense3,521 3,500 10,262 10,083 Hurricane-related costs— — — 183 Unrealized loss on investment1,238 — 3,900 — Adjusted EBITDAre$99,239 $112,225 $272,787 $296,501 Business interruption insurance income(2,054)(7,059)(9,599)(18,340)Corporate general and administrative and other8,203 7,849 24,006 26,425 Hotel EBITDA$105,388 $113,015 $287,194 $304,586 

FFO, Adjusted FFO, EBITDA, EBITDAre, Adjusted EBITDAre and Hotel EBIT