Company: PEB
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001474098-25-000070
Chunk: 3

Company: Pebblebrook Hotel Trust
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 3
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Pebblebrook Hotel TrustConsolidated Balance Sheets(in thousands, except share and per-share data)March 31, 2025December 31, 2024 (Unaudited) ASSETSInvestment in hotel properties, net$5,281,599 $5,319,029 Cash and cash equivalents208,070 206,650 Restricted cash10,116 10,941 Hotel receivables (net of allowance for doubtful accounts of $357 and $439, respectively)43,173 39,125 Prepaid expenses and other assets107,663 117,593 Total assets$5,650,621 $5,693,338 LIABILITIES AND EQUITYDebt$2,247,438 $2,246,732 Accounts payable, accrued expenses and other liabilities219,003 222,230 Lease liabilities - operating leases320,752 320,741 Deferred revenues104,308 92,347 Accrued interest20,857 11,549 Distribution payable11,847 11,865 Total liabilities2,924,205 2,905,464 Commitments and contingencies (Note 11)Shareholders’ equity:Preferred shares of beneficial interest, $.01 par value (liquidation preference $690,000 at March 31, 2025 and December 31, 2024), 100,000,000 shares authorized; 27,600,000 shares issued and outstanding at March 31, 2025 and December 31, 2024276 276 Common shares of beneficial interest, $.01 par value, 500,000,000 shares authorized; 118,278,405 and 119,285,394 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively1,183 1,193 Additional paid-in capital4,060,426 4,072,265 Accumulated other comprehensive income (loss)10,892 16,550 Distributions in excess of retained earnings(1,437,622)(1,392,860)Total shareholders’ equity2,635,155 2,697,424 Non-controlling interests91,261 90,450 Total equity2,726,416 2,787,874 Total liabilities and equity$5,650,621 $5,693,338 

The accompanying notes