Company: PEB
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001474098-25-000138
Chunk: 24

Company: Pebblebrook Hotel Trust
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 24
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For the nine months ended September 30, 20252024Operating activities:Net income (loss)$(45,248)$49,864 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:Depreciation and amortization172,790 172,051 Provision (benefit) for deferred income taxes5,740 (26,976)Share-based compensation10,263 10,084 Gain on insurance settlement(1,820)— Amortization of deferred financing costs, non-cash interest and other amortization8,988 9,295 Gain on extinguishment of debt(7,385)— Impairment46,497 1,908 Non-cash ground rent7,283 7,385 Other adjustments(331)(4,181)Changes in assets and liabilities:Hotel receivables(10,668)(16,866)Prepaid expenses and other assets(6,810)(13,899)Accounts payable and accrued expenses29,729 4,529 Deferred revenues9,423 12,556 Net cash provided by (used in) operating activities218,451 205,750 Investing activities:Improvements and additions to hotel properties(70,746)(100,862)Property insurance proceeds5,276 21,737 Other investing activities(480)(742)Net cash provided by (used in) investing activities(65,950)(79,867)Financing activities:Payment of deferred financing costs(10,279)(6,379)Proceeds from debt400,000 — Repayments of debt(393,646)(111,377)Purchases of capped calls for convertible senior notes(27,240)— Repurchases of common shares(65,611)(16,851)Repurchases of preferred shares(1,064)— Distributions — common shares/units(3,610)(3,659)Distributions — preferred shares/units(35,386)(35,386)Other financing activities(1,141)(1,615)Net cash provided by (used in) financing activities(137,977)(175,267)Net change in cash and cash equivalents and restricted cash14,524 (49,384)Cash and cash equivalents and restricted cash, beginning of year217,591 193,641 Cash and cash equivalents and restricted cash, end of period$232,115 $144,257 

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