Company: PEB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001474098-25-000119
Chunk: 15

Company: Pebblebrook Hotel Trust
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 15
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Pebblebrook Hotel TrustConsolidated Balance Sheets(in thousands, except share and per-share data)June 30, 2025December 31, 2024 (Unaudited) ASSETSInvestment in hotel properties, net$5,249,485 $5,319,029 Cash and cash equivalents256,130 206,650 Restricted cash11,008 10,941 Hotel receivables (net of allowance for doubtful accounts of $311 and $439, respectively)49,691 39,125 Prepaid expenses and other assets86,996 117,593 Total assets$5,653,310 $5,693,338 LIABILITIES AND EQUITYDebt$2,248,135 $2,246,732 Accounts payable, accrued expenses and other liabilities232,139 222,230 Lease liabilities - operating leases320,749 320,741 Deferred revenues99,109 92,347 Accrued interest10,221 11,549 Distribution payable11,856 11,865 Total liabilities2,922,209 2,905,464 Commitments and contingencies (Note 11)Shareholders’ equity:Preferred shares of beneficial interest, $.01 par value (liquidation preference $690,000 at June 30, 2025 and December 31, 2024), 100,000,000 shares authorized; 27,600,000 shares issued and outstanding at June 30, 2025 and December 31, 2024276 276 Common shares of beneficial interest, $.01 par value, 500,000,000 shares authorized; 118,166,806 and 119,285,394 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively1,182 1,193 Additional paid-in capital4,061,670 4,072,265 Accumulated other comprehensive income (loss)6,870 16,550 Distributions in excess of retained earnings(1,431,394)(1,392,860)Total shareholders’ equity2,638,604 2,697,424 Non-controlling interests92,497 90,450 Total equity2,731,101 2,787,874 Total liabilities and equity$5,653,310 $5,693,338 

The accompanying notes