Company: PEB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001474098-25-000039
Chunk: 14

Company: Pebblebrook Hotel Trust
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 14
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QUITYDebt$2,246,732 $2,319,801 Accounts payable, accrued expenses and other liabilities222,230 238,644 Lease liabilities - operating leases320,741 320,617 Deferred revenues92,347 76,874 Accrued interest11,549 6,830 Distribution payable11,865 11,862 Total liabilities2,905,464 2,974,628 Commitments and contingencies (Note 11)Shareholders’ equity:Preferred shares of beneficial interest, $.01 par value (liquidation preference $690,000 at December 31, 2024 and 2023), 100,000,000 shares authorized; 27,600,000 shares issued and outstanding at December 31, 2024 and 2023276 276 Common shares of beneficial interest, $.01 par value, 500,000,000 shares authorized; 119,285,394 and 120,191,349 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively1,193 1,202 Additional paid-in capital4,072,265 4,078,912 Accumulated other comprehensive income (loss)16,550 24,374 Distributions in excess of retained earnings(1,392,860)(1,341,264)Total shareholders’ equity2,697,424 2,763,500 Non-controlling interests90,450 86,845 Total equity2,787,874 2,850,345 Total liabilities and equity$5,693,338 $5,824,973 

The accompanying notes are an integral part of these financial statements.

F-5

Table of Contents

Pebblebrook Hotel TrustConsolidated Statements of Operations and Comprehensive Income(in thousands, except share and per-share data) For the year ended December 31, 202420232022Revenues:Room$922,348 $914,109 $910,936 Food and beverage372,369 351,852 346,702 Other operating158,592 153,988 134,253 Total revenues1,453,309 1,419,949 1,391,891 Expenses:Hotel operating expenses:Room250,875 248,020 225,992 Food and beverage273,731 264,163 243,