Company: PEB
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001474098-25-000138
Chunk: 60

Company: Pebblebrook Hotel Trust
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 60
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ization of acquired intangibles(453)(482)(1,390)(1,445)Gain on insurance settlement(1,820)— (1,820)— Early extinguishment of debt(7,385)— (7,385)1,534 Amortization of share-based compensation expense3,521 3,500 10,262 10,083 Redemption of preferred shares(312)— (312)— Hurricane-related costs— — — 183 Deferred tax provision (benefit)2,406 (26,976)5,740 (26,976)Unrealized loss on investment1,238 — 3,900 — Adjusted FFO available to common share and unit holders$60,160 $71,671 $156,343 $180,433 

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EBITDA is defined as earnings before interest, income taxes, depreciation and amortization. We calculate EBITDAre in accordance with standards established by Nareit. EBITDAre is defined as EBITDA as adjusted for gain on sale of hotel properties and impairment loss. Adjusted EBITDAre is defined as EBITDAre, as adjusted for transaction costs, non-cash ground rent on operating and capital leases, management/franchise contract transition costs, non-cash amortization of acquired intangibles, gain on insurance settlement, amortization of share-based compensation expense and hurricane-related costs. Hotel EBITDA is defined as Adjusted EBITDAre plus corporate general and administrative expenses less interest income, business interruption insurance income and other. We believe that EBITDA, EBITDAre, Adjusted EBITDAre and Hotel EBITDA provide investors useful financial measures to evaluate our operating performance, excluding the impact of our capital structure (primarily interest expense) 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