Pebblebrook Hotel Trust
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
PEB$22.22+2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income
| Pebblebrook Hotel TrustConsolidated Statements of Operations and Comprehensive Income(in thousands, except share and per-share data) | |||
|---|---|---|---|
| For the year ended December 31, | |||
| 2024 | 2023 | 2022 | |
| Revenues: | |||
| Room | $922,348 | $914,109 | $910,936 |
| Food and beverage | 372,369 | 351,852 | 346,702 |
| Other operating | 158,592 | 153,988 | 134,253 |
| Total revenues | 1,453,309 | 1,419,949 | 1,391,891 |
| Expenses: | |||
| Hotel operating expenses: | |||
| Room | 250,875 | 248,020 | 225,992 |
| Food and beverage | 273,731 | 264,163 | 243,543 |
| Other direct and indirect | 436,397 | 428,897 | 413,939 |
| Total hotel operating expenses | 961,003 | 941,080 | 883,474 |
| Depreciation and amortization | 229,531 | 240,645 | 239,583 |
| Real estate taxes, personal property taxes, property insurance, and ground rent | 126,183 | 124,595 | 126,134 |
| General and administrative | 48,081 | 44,789 | 39,187 |
| Impairment | 48,146 | 81,788 | 89,633 |
| Gain on sale of hotel properties | — | (30,375) | (6,194) |
| Business interruption insurance income and gain on insurance settlement | (48,574) | (32,985) | — |
| Other operating expenses | 4,913 | 12,602 | 5,352 |
| Total operating expenses | 1,369,283 | 1,382,139 | 1,377,169 |
| Operating income (loss) | 84,026 | 37,810 | 14,722 |
| Interest expense | (112,432) | (115,660) | (99,988) |
| Other | 2,794 | 4,229 | 562 |
| Income (loss) before income taxes | (25,612) | (73,621) | (84,704) |
| Income tax (expense) benefit | 25,628 | (655) | (277) |
| Net income (loss) | 16 | (74,276) | (84,981) |
| Net income (loss) attributable to non-controlling interests | 4,258 | 3,741 | 2,190 |
| Net income (loss) attributable to the Company | (4,242) | (78,017) | (87,171) |
| Distributions to preferred shareholders | (42,525) | (43,649) | (45,074) |
| Redemption of preferred shares | — | 8,396 | 8,186 |
| Net income (loss) attributable to common shareholders | $(46,767) | $(113,270) | $(124,059) |
| Net income (loss) per share available to common shareholders, basic | $(0.39) | $(0.93) | $(0.95) |
| Net income (loss) per share available to common shareholders, diluted | $(0.39) | $(0.93) | $(0.95) |
| Weighted-average number of common shares, basic | 119,774,655 | 121,813,042 | 130,453,944 |
| Weighted-average number of common shares, diluted | 119,774,655 | 121,813,042 | 130,453,944 |
| Pebblebrook Hotel TrustConsolidated Statements of Operations and Comprehensive Income - Continued(in thousands, except share and per-share data) | |||
|---|---|---|---|
| For the year ended December 31, | |||
| 2024 | 2023 | 2022 | |
| Comprehensive Income: | |||
| Net income (loss) | $16 | $(74,276) | $(84,981) |
| Other comprehensive income (loss): | |||
| Change in fair value of derivative instruments | 15,102 | 17,572 | 55,479 |
| Amounts reclassified from other comprehensive income | (23,001) | (28,995) | 52 |
| Comprehensive income (loss) | (7,883) | (85,699) | (29,450) |
| Comprehensive income (loss) attributable to non-controlling interests | 4,183 | 3,668 | 2,555 |
| Comprehensive income (loss) attributable to the Company | $(12,066) | $(89,367) | $(32,005) |
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