Company: PEB
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001474098-25-000070
Chunk: 7

Company: Pebblebrook Hotel Trust
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 7
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 $(1,381,450)$2,725,992 $87,517 $2,813,509 

The accompanying notes are an integral part of these financial statements.

6

Pebblebrook Hotel TrustConsolidated Statements of Cash Flows(in thousands)(Unaudited) For the three months ended March 31, 20252024Operating activities:Net income (loss)$(32,180)$(27,520)Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:Depreciation and amortization57,543 57,209 Benefit for deferred income taxes(3,105)— Share-based compensation3,220 3,060 Amortization of deferred financing costs, non-cash interest and other amortization2,985 4,078 Non-cash ground rent2,448 2,462 Other adjustments1,215 (1,528)Changes in assets and liabilities:Hotel receivables(3,966)(9,674)Prepaid expenses and other assets4,077 3,181 Accounts payable and accrued expenses5,227 3,002 Deferred revenues12,877 11,730 Net cash provided by (used in) operating activities50,341 46,000 Investing activities:Improvements and additions to hotel properties(20,658)(49,480)Property insurance proceeds— 11,500 Other investing activities(206)(533)Net cash provided by (used in) investing activities(20,864)(38,513)Financing activities:Payment of deferred financing costs(48)(5,484)Repayments of debt(549)(110,348)Repurchases of common shares(14,612)(6,851)Distributions — common shares/units(1,215)(1,229)Distributions — preferred shares/units(11,795)(11,795)Other financing activities(663)(447)Net cash provided by (used in) financing activities(28,882)(136,154)Net change in cash and cash equivalents and restricted cash595 (128,667)Cash and cash equivalents and restricted cash, beginning of year217,591 193,641 Cash and cash equivalents and restricted cash, end of period$218,186 $64,974 

The accompanying notes are an integral part of these financial statements.

7

PEBBLEBROOK HOTEL TRUST