Company: PEB
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001474098-25-000138
Chunk: 53

Company: Pebblebrook Hotel Trust
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 53
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2024 are as follows (in thousands):For the three months ended September 30,For the nine months ended September 30,2025202420252024Fixed ground rent $5,017 $4,795 $14,652 $14,387 Variable ground rent5,759 6,327 15,073 15,390 Total ground rent$10,776 $11,122 $29,725 $29,777 LitigationThe nature of the operations of hotels exposes the Company's hotels, the Company and the Operating Partnership to the risk of claims and litigation in the normal course of their business. The Company has insurance to cover certain potential material losses. The Company is not presently subject to any material litigation nor, to the Company’s knowledge, is any material litigation threatened against the Company.

24

Note 12. Supplemental Information to Statements of Cash Flows (in thousands)

 For the nine months ended September 30, 20252024Interest paid, net of capitalized interest$68,342 $76,703 Interest capitalized$— $4,710 Income taxes paid$955 $2,043 Non-Cash Investing and Financing Activities:Distributions payable on common shares/units$1,222 $1,256 Distributions payable on preferred shares/units$10,581 $10,601 Issuance of common shares for Board of Trustees compensation$745 $745 Accrued additions and improvements to hotel properties$472 $4,500 Write-off of fully amortized deferred financing costs$3,191 $682 Write-down of investment$3,900 $— 

Note 13. Operating Segment Information

The following table presents the Company's segment hotel revenues, Hotel EBITDA, including significant hotel expenses and its reconciliation to net income (loss) 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 30,2025202420252024Revenues:Total revenues$398,723 $404,530 $1,126,526 $1,115,709 Less: Corporate and other revenues259 1,963 846 5,045 Hotel revenues398,464 402,567 1,125,680 1,110,664 Significant hotel expenses:Room expenses70,434