Company: PEB
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001474098-25-000138
Chunk: 61

Company: Pebblebrook Hotel Trust
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 61
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,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 EBITDA do not represent cash generated from operating activities as determined by U.S. GAAP and should not be considered as alternatives to U.S. GAAP net income (loss), as indications of our financial performance, or to U.S. GAAP cash flow from operating activities, as measures of liquidity. In addition, FFO, Adjusted FFO, EBITDA, EBITDAre, Adjusted EBITDAre and Hotel EBITDA are not indicative of funds available to fund cash needs, including the ability to make cash distributions.

Results of Operations

At September 30, 2025 and 2024, our consolidated financial statements included the