Company: PEB
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001474098-25-000070
Chunk: 24

Company: Pebblebrook Hotel Trust
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 24
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 were repurchased under this program. As of March 31, 2025, $84.2 million of Preferred Shares remained available for repurchase under this program. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will depend on a variety of factors, including legal requirements, price, liquidity and economic considerations, and market conditions. The program does not require the Company to repurchase any specific number of Preferred Shares. The program does not have an expiration date and may be suspended, modified or discontinued at any time.Preferred DividendsThe Company declared the following dividends on preferred shares for the three months ended March 31, 2025:Security TypeDividend per Share/UnitFor the Quarter EndedRecord DatePayable Date6.375% Series E$0.40 March 31, 2025March 31, 2025April 15, 20256.30% Series F$0.39 March 31, 2025March 31, 2025April 15, 20256.375% Series G$0.40 March 31, 2025March 31, 2025April 15, 20255.70% Series H$0.36 March 31, 2025March 31, 2025April 15, 2025Non-controlling Interest of Common Units in Operating PartnershipHolders of Operating Partnership units ("OP units") have certain redemption rights that enable OP unit holders to cause the Operating Partnership to redeem their units in exchange for, at the Company’s option, cash per unit equal to the market price of common shares at the time of redemption or common shares on a one-for-one basis. The number of shares issuable upon exercise of the redemption rights will be adjusted upon the occurrence of share splits, mergers, consolidations or similar pro-rata share transactions, which otherwise would have the effect of diluting the ownership interests of the Operating Partnership's limited partners or the Company's shareholders.On May 11, 2022, in connection with the acquisition of Inn on Fifth in Naples, Florida, the Company issued 16,291 OP units.As of March 31, 2025 and December 31, 2024, the Operating Partnership had 16,291 OP units held by third parties, excluding LTIP units.As of March 31, 2025, the Operating Partnership had two classes of long-term incentive partnership units ("LT