Pebblebrook Hotel Trust
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
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, | |||
| 2025 | 2024 | 2023 | |
| Revenues: | |||
| Room | $920,166 | $922,348 | $914,109 |
| Food and beverage | 388,375 | 372,369 | 351,852 |
| Other operating | 167,003 | 158,592 | 153,988 |
| Total revenues | 1,475,544 | 1,453,309 | 1,419,949 |
| Expenses: | |||
| Hotel operating expenses: | |||
| Room | 259,863 | 250,875 | 248,020 |
| Food and beverage | 280,379 | 273,731 | 264,163 |
| Other direct and indirect | 445,350 | 436,397 | 428,897 |
| Total hotel operating expenses | 985,592 | 961,003 | 941,080 |
| Depreciation and amortization | 227,659 | 229,531 | 240,645 |
| Real estate taxes, personal property taxes, property insurance, and ground rent | 133,364 | 126,183 | 124,595 |
| General and administrative | 49,474 | 48,081 | 44,789 |
| Impairment | 48,871 | 48,146 | 81,788 |
| Gain on sale of hotel properties | — | — | (30,375) |
| Business interruption insurance income and gain on insurance settlement | (17,422) | (48,574) | (32,985) |
| Other operating expenses | 4,208 | 4,913 | 12,602 |
| Total operating expenses | 1,431,746 | 1,369,283 | 1,382,139 |
| Operating income (loss) | 43,798 | 84,026 | 37,810 |
| Interest expense | (103,333) | (112,432) | (115,660) |
| Other | 3,596 | 2,794 | 4,229 |
| Income (loss) before income taxes | (55,939) | (25,612) | (73,621) |
| Income tax (expense) benefit | (6,291) | 25,628 | (655) |
| Net income (loss) | (62,230) | 16 | (74,276) |
| Net income (loss) attributable to non-controlling interests | 3,581 | 4,258 | 3,741 |
| Net income (loss) attributable to the Company | (65,811) | (4,242) | (78,017) |
| Distributions to preferred shareholders | (42,316) | (42,525) | (43,649) |
| Repurchase of preferred shares | 2,404 | — | 8,396 |
| Net income (loss) attributable to common shareholders | $(105,723) | $(46,767) | $(113,270) |
| Net income (loss) per share available to common shareholders, basic | $(0.90) | $(0.39) | $(0.93) |
| Net income (loss) per share available to common shareholders, diluted | $(0.90) | $(0.39) | $(0.93) |
| Weighted-average number of common shares, basic | 117,027,594 | 119,774,655 | 121,813,042 |
| Weighted-average number of common shares, diluted | 117,027,594 | 119,774,655 | 121,813,042 |
| Pebblebrook Hotel TrustConsolidated Statements of Operations and Comprehensive Income - Continued(in thousands, except share and per-share data) | |||
|---|---|---|---|
| For the year ended December 31, | |||
| 2025 | 2024 | 2023 | |
| Comprehensive Income: | |||
| Net income (loss) | $(62,230) | $16 | $(74,276) |
| Other comprehensive income (loss): | |||
| Change in fair value of derivative instruments | (1,556) | 15,102 | 17,572 |
| Amounts reclassified from other comprehensive income | (14,481) | (23,001) | (28,995) |
| Comprehensive income (loss) | (78,267) | (7,883) | (85,699) |
| Comprehensive income (loss) attributable to non-controlling interests | 3,525 | 4,183 | 3,668 |
| Comprehensive income (loss) attributable to the Company | $(81,792) | $(12,066) | $(89,367) |
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