Company: PEB
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001474098-25-000138
Chunk: 17

Company: Pebblebrook Hotel Trust
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 17
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Pebblebrook Hotel TrustConsolidated Balance Sheets(in thousands, except share and per-share data)September 30, 2025December 31, 2024 (Unaudited) ASSETSInvestment in hotel properties, net$5,103,449 $5,319,029 Hotel held for sale80,602 — Cash and cash equivalents223,157 206,650 Restricted cash8,958 10,941 Hotel receivables (net of allowance for doubtful accounts of $348 and $439, respectively)45,666 39,125 Prepaid expenses and other assets92,418 117,593 Total assets$5,554,250 $5,693,338 LIABILITIES AND EQUITYDebt$2,239,036 $2,246,732 Accounts payable, accrued expenses and other liabilities228,116 222,230 Lease liabilities - operating leases333,090 320,741 Deferred revenues97,980 92,347 Accrued interest18,027 11,549 Liabilities related to hotel held for sale18,609 — Distribution payable11,803 11,865 Total liabilities2,946,661 2,905,464 Commitments and contingencies (Note 11)Shareholders’ equity:Preferred shares of beneficial interest, $.01 par value (liquidation preference $688,554 and $690,000 at September 30, 2025 and December 31, 2024, respectively), 100,000,000 shares authorized; 27,542,157 and 27,600,000 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively275 276 Common shares of beneficial interest, $.01 par value, 500,000,000 shares authorized; 113,841,546 and 119,285,394 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively1,138 1,193 Additional paid-in capital3,985,385 4,072,265 Accumulated other comprehensive income (loss)3,465 16,550 Distributions in excess of retained earnings(1,475,913)(1,392,860)Total shareholders’ equity2,514,350 2,697,424 Non-controlling interests93,239