Company: PEB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001474098-25-000119
Chunk: 36

Company: Pebblebrook Hotel Trust
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 36
---
 The Company expects approximately $8.1 million will be reclassified from accumulated other comprehensive income (loss) to interest expense within the next 12 months. 

15

Note 6. Revenue

The Company presents revenue on a disaggregated basis in the accompanying consolidated statements of operations and comprehensive income. The following table presents revenues by geographic location for the three and six months ended June 30, 2025 and 2024 (in thousands): For the three months ended June 30,For the six months ended June 30,2025202420252024San Diego, CA$86,700 $84,983 $161,911 $156,478 Southern Florida/Georgia70,951 68,934 156,406 149,891 Boston, MA80,956 79,958 127,729 125,878 Los Angeles, CA44,630 48,599 78,927 92,808 San Francisco, CA37,309 32,874 71,050 63,419 Washington, D.C.20,425 22,102 35,425 36,904 Portland, OR21,581 21,528 34,378 34,527 Chicago, IL24,748 23,172 33,621 31,520 Other(1)20,237 14,960 28,356 19,754 Total Revenues$407,537 $397,110 $727,803 $711,179 ______________________(1)     Other includes: Newport, RI and Santa Cruz, CA.Payments from customers are primarily made when services are provided. Due to the short-term nature of the Company's contracts and the almost simultaneous receipt of payment, almost all of the contract liability balance at the beginning of the period is expected to be recognized as revenue over the following 12 months.

Note 7. Equity

Common SharesThe Company is authorized to issue up to 500,000,000 common shares. Each outstanding common share entitles the holder to one vote on each matter submitted to a vote of shareholders. Holders of common shares are entitled to receive dividends when authorized by the Board of Trustees.Common Share Repurchase ProgramsOn February 17, 2023, the Company's Board of Trustees authorized a share repurchase program of up to $150.0 million of common shares. Under this program, the Company may repurchase common shares from time to