2017 Q1 Form 10-Q Financial Statement

#000147409817000022 Filed on April 27, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $182.2M $196.2M
YoY Change -7.17% 20.08%
Cost Of Revenue $114.4M $121.9M
YoY Change -6.15% 13.71%
Gross Profit $67.70M $74.30M
YoY Change -8.88% 32.21%
Gross Profit Margin 37.16% 37.86%
Selling, General & Admin $19.90M $19.30M
YoY Change 3.11% 2.12%
% of Gross Profit 29.39% 25.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.30M $25.10M
YoY Change 4.78% 17.84%
% of Gross Profit 38.85% 33.78%
Operating Expenses $46.20M $44.30M
YoY Change 4.29% 10.2%
Operating Profit $20.53M $30.01M
YoY Change -31.58% 88.55%
Interest Expense $9.341M $10.80M
YoY Change -13.52% 29.8%
% of Operating Profit 45.5% 35.99%
Other Income/Expense, Net $64.00K -$1.771M
YoY Change -103.61%
Pretax Income $11.25M $13.15M
YoY Change -14.39% 247.66%
Income Tax -$2.835M -$3.492M
% Of Pretax Income -25.19% -26.57%
Net Earnings $14.03M $16.58M
YoY Change -15.35% 132.1%
Net Earnings / Revenue 7.7% 8.45%
Basic Earnings Per Share $0.14 $0.09
Diluted Earnings Per Share $0.14 $0.09
COMMON SHARES
Basic Shares Outstanding 71.61M shares 71.84M shares
Diluted Shares Outstanding 71.89M shares 72.31M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.90M $28.30M
YoY Change 12.72% -1.39%
Cash & Equivalents $31.94M $28.28M
Short-Term Investments
Other Short-Term Assets $40.60M $44.70M
YoY Change -9.17% -3.25%
Inventory
Prepaid Expenses
Receivables $29.10M $31.40M
Other Receivables $0.00 $0.00
Total Short-Term Assets $101.6M $104.4M
YoY Change -2.68% 1.75%
LONG-TERM ASSETS
Property, Plant & Equipment $2.593B $2.714B
YoY Change -4.49% 14.03%
Goodwill
YoY Change
Intangibles $29.48M $30.07M
YoY Change -1.96% -1.92%
Long-Term Investments $243.3M
YoY Change -1.72%
Other Assets $118.1M $10.00M
YoY Change 1081.0% -48.45%
Total Long-Term Assets $2.711B $2.968B
YoY Change -8.65% 12.1%
TOTAL ASSETS
Total Short-Term Assets $101.6M $104.4M
Total Long-Term Assets $2.711B $2.968B
Total Assets $2.812B $3.072B
YoY Change -8.45% 11.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $146.8M $156.7M
YoY Change -6.32% 40.79%
Accrued Expenses $3.300M $4.300M
YoY Change -23.26% 86.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $202.3M $212.1M
YoY Change -4.62% 36.31%
LONG-TERM LIABILITIES
Long-Term Debt $1.073B $1.268B
YoY Change -15.32% 50.89%
Other Long-Term Liabilities $2.700M
YoY Change
Total Long-Term Liabilities $1.076B $1.268B
YoY Change -15.11% 50.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $202.3M $212.1M
Total Long-Term Liabilities $1.076B $1.268B
Total Liabilities $1.278B $1.480B
YoY Change -13.6% 48.61%
SHAREHOLDERS EQUITY
Retained Earnings -$185.7M -$126.9M
YoY Change 46.34% 19.28%
Common Stock $699.0K $719.0K
YoY Change -2.78% 0.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.530B $1.590B
YoY Change
Total Liabilities & Shareholders Equity $2.812B $3.072B
YoY Change -8.45% 11.71%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $14.03M $16.58M
YoY Change -15.35% 132.1%
Depreciation, Depletion And Amortization $26.30M $25.10M
YoY Change 4.78% 17.84%
Cash From Operating Activities $37.15M $46.46M
YoY Change -20.03% 54.73%
INVESTING ACTIVITIES
Capital Expenditures -$21.80M -$35.80M
YoY Change -39.11% 35.09%
Acquisitions
YoY Change
Other Investing Activities $0.00 $2.700M
YoY Change -100.0% -15.63%
Cash From Investing Activities -$21.83M -$33.14M
YoY Change -34.14% 41.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $62.44M $2.496M
YoY Change 2401.76% -39.03%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$17.06M -$11.38M
YoY Change 49.99% -63.14%
NET CHANGE
Cash From Operating Activities $37.15M $46.46M
Cash From Investing Activities -$21.83M -$33.14M
Cash From Financing Activities -$17.06M -$11.38M
Net Change In Cash -$1.738M $1.937M
YoY Change -189.73% -108.0%
FREE CASH FLOW
Cash From Operating Activities $37.15M $46.46M
Capital Expenditures -$21.80M -$35.80M
Free Cash Flow $58.95M $82.26M
YoY Change -28.33% 45.53%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q1 dei Amendment Flag
AmendmentFlag
false
CY2017Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2017Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2017Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
CY2017Q1 dei Document Period End Date
DocumentPeriodEndDate
2017-03-31
CY2017Q1 dei Document Type
DocumentType
10-Q
CY2017Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001474098
CY2017Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
69549584 shares
CY2017Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2017Q1 dei Entity Registrant Name
EntityRegistrantName
Pebblebrook Hotel Trust
CY2016Q1 peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
378000 USD
CY2017Q1 peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
4525000 USD
CY2016Q1 peb Combined Base And Incentive Management Fees
CombinedBaseAndIncentiveManagementFees
5600000 USD
CY2017Q1 peb Combined Base And Incentive Management Fees
CombinedBaseAndIncentiveManagementFees
5400000 USD
CY2016Q4 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
231211000 USD
CY2017Q1 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
234917000 USD
CY2016Q4 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
236351 shares
CY2017Q1 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
236351 shares
CY2017Q1 peb Long Term Incentive Partnership Units Vested
LongTermIncentivePartnershipUnitsVested
100222 shares
CY2017Q1 peb Minimum Percentage Of Adjusted Taxable Income To Be Distributed To Shareholders As Real Estate Investment Trust
MinimumPercentageOfAdjustedTaxableIncomeToBeDistributedToShareholdersAsRealEstateInvestmentTrust
0.9
CY2016Q1 peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
6445000 USD
CY2017Q1 peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
9907000 USD
CY2016Q1 peb Noncash Income Loss From Equity Method Investments
NoncashIncomeLossFromEquityMethodInvestments
-5511000 USD
CY2017Q1 peb Noncash Income Loss From Equity Method Investments
NoncashIncomeLossFromEquityMethodInvestments
0 USD
CY2017Q1 peb Number Of Guest Rooms
NumberOfGuestRooms
7222
CY2017Q1 peb Preferredstock Redemptionafterchangeincontrol
PreferredstockRedemptionafterchangeincontrol
P120D
CY2016Q1 peb Proceedsfrom Issuanceof Term Loans
ProceedsfromIssuanceofTermLoans
150000000 USD
CY2017Q1 peb Proceedsfrom Issuanceof Term Loans
ProceedsfromIssuanceofTermLoans
0 USD
CY2016Q1 peb Proceedsfrommembershipdeposits
Proceedsfrommembershipdeposits
442000 USD
CY2017Q1 peb Proceedsfrommembershipdeposits
Proceedsfrommembershipdeposits
698000 USD
CY2016Q1 peb Realestatetaxespersonalpropertytaxespropertyinsuranceandgroundrent
Realestatetaxespersonalpropertytaxespropertyinsuranceandgroundrent
12465000 USD
CY2017Q1 peb Realestatetaxespersonalpropertytaxespropertyinsuranceandgroundrent
Realestatetaxespersonalpropertytaxespropertyinsuranceandgroundrent
13712000 USD
CY2016Q1 peb Repaymentsofmembershipdeposits
Repaymentsofmembershipdeposits
333000 USD
CY2017Q1 peb Repaymentsofmembershipdeposits
Repaymentsofmembershipdeposits
312000 USD
CY2017Q1 peb Reserve Funds As Percentage Of Hotel Revenues
ReserveFundsAsPercentageOfHotelRevenues
0.040
CY2016Q4 peb Senior Notes Netof Deferred Financing Costs
SeniorNotesNetofDeferredFinancingCosts
99460000 USD
CY2017Q1 peb Senior Notes Netof Deferred Financing Costs
SeniorNotesNetofDeferredFinancingCosts
99478000 USD
CY2016Q1 peb Share Value Issued For Board Of Trustees Compensation
ShareValueIssuedForBoardOfTrusteesCompensation
606000 USD
CY2017Q1 peb Share Value Issued For Board Of Trustees Compensation
ShareValueIssuedForBoardOfTrusteesCompensation
503000 USD
CY2016Q4 peb Unsecured Debt Netof Financing Costs
UnsecuredDebtNetofFinancingCosts
671793000 USD
CY2017Q1 peb Unsecured Debt Netof Financing Costs
UnsecuredDebtNetofFinancingCosts
672012000 USD
CY2016Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
149283000 USD
CY2017Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
146836000 USD
CY2016Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
27687000 USD
CY2017Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
29107000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2312000 USD
CY2017Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-208000 USD
CY2016Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1776404000 USD
CY2017Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1715272000 USD
CY2016Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1841000 USD
CY2017Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1127000 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
494000 USD
CY2017Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
533000 USD
CY2016Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
76000 USD
CY2017Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
399000 USD
CY2016Q1 us-gaap Amortization Of Leased Asset
AmortizationOfLeasedAsset
587000 USD
CY2017Q1 us-gaap Amortization Of Leased Asset
AmortizationOfLeasedAsset
733000 USD
CY2016Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
133616 shares
CY2017Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
18394 shares
CY2016Q4 us-gaap Assets
Assets
2809259000 USD
CY2017Q1 us-gaap Assets
Assets
2812439000 USD
CY2016Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
0 USD
CY2017Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
110969000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26345000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
28282000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33410000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31939000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1937000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1471000 USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2017Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2017Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
71922904 shares
CY2017Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
69937163 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
71922904 shares
CY2017Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
69937163 shares
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
719000 USD
CY2017Q1 us-gaap Common Stock Value
CommonStockValue
699000 USD
CY2016Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5133000 USD
CY2017Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
16131000 USD
CY2016Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
20000 USD
CY2017Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
62000 USD
CY2016Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
5153000 USD
CY2017Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
16193000 USD
CY2016Q1 us-gaap Costs And Expenses
CostsAndExpenses
166238000 USD
CY2017Q1 us-gaap Costs And Expenses
CostsAndExpenses
161647000 USD
CY2016Q4 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
19110000 USD
CY2017Q1 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
20486000 USD
CY2016Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
142890000 USD
CY2017Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
97894000 USD
CY2016Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
25061000 USD
CY2017Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
26296000 USD
CY2016Q4 us-gaap Development In Process
DevelopmentInProcess
9253000 USD
CY2017Q1 us-gaap Development In Process
DevelopmentInProcess
14682000 USD
CY2016Q1 us-gaap Direct Costs Of Hotels
DirectCostsOfHotels
121910000 USD
CY2017Q1 us-gaap Direct Costs Of Hotels
DirectCostsOfHotels
114439000 USD
CY2016Q1 us-gaap Dividends Common Stock
DividendsCommonStock
27762000 USD
CY2017Q1 us-gaap Dividends Common Stock
DividendsCommonStock
26531000 USD
CY2016Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
33215000 USD
CY2017Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
31716000 USD
CY2016Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
5844000 USD
CY2017Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
4023000 USD
CY2016Q1 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
121000 USD
CY2017Q1 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
104000 USD
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2016Q1 us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
34037000 USD
CY2017Q1 us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
29288000 USD
CY2016Q1 us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
50696000 USD
CY2017Q1 us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
43632000 USD
CY2016Q1 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
-1771000 USD
CY2017Q1 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
64000 USD
CY2016Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6802000 USD
CY2017Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6151000 USD
CY2016Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2017Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1049000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
13145000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11254000 USD
CY2016Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4915000 USD
CY2017Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3492000 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2835000 USD
CY2016Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
6000 USD
CY2017Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
79000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3864000 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3390000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6422000 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2141000 USD
CY2016Q1 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
1032000 USD
CY2017Q1 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
2048000 USD
CY2016Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3976000 USD
CY2017Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3009000 USD
CY2016Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
320000 USD
CY2017Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
201000 USD
CY2016Q1 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
237000 USD
CY2017Q1 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-468000 USD
CY2016Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
474266 shares
CY2017Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
281826 shares
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
29627000 USD
CY2017Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
29480000 USD
CY2016Q1 us-gaap Interest Expense
InterestExpense
10801000 USD
CY2017Q1 us-gaap Interest Expense
InterestExpense
9341000 USD
CY2016Q1 us-gaap Interest Paid
InterestPaid
9078000 USD
CY2017Q1 us-gaap Interest Paid
InterestPaid
7464000 USD
CY2016Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
492000 USD
CY2017Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0 USD
CY2016Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2284000 USD
CY2017Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
3311000 USD
CY2016Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2287104000 USD
CY2017Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2226686000 USD
CY2016Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
625000 USD
CY2017Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
0 USD
CY2016Q4 us-gaap Land
Land
503571000 USD
CY2017Q1 us-gaap Land
Land
470301000 USD
CY2016Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2900000 USD
CY2017Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3300000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
1200143000 USD
CY2017Q1 us-gaap Liabilities
Liabilities
1278453000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2809259000 USD
CY2017Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2812439000 USD
CY2016Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
0 USD
CY2017Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
2685000 USD
CY2016Q4 us-gaap Line Of Credit
LineOfCredit
82000000 USD
CY2017Q1 us-gaap Line Of Credit
LineOfCredit
204000000 USD
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
996251000 USD
CY2017Q1 us-gaap Long Term Debt
LongTermDebt
1073419000 USD
CY2016Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
242900000 USD
CY2017Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
197100000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
3432000 USD
CY2017Q1 us-gaap Minority Interest
MinorityInterest
3780000 USD
CY2017Q1 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.003
CY2017Q1 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
0.997
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-11376000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-17063000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-33144000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22028000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
46457000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
37620000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
16579000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
14034000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
58000 USD
CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
55000 USD
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6566000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10011000 USD
CY2017Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
107000 USD
CY2017Q1 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0
CY2017Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
29 properties
CY2016Q1 us-gaap Occupancy Costs
OccupancyCosts
32225000 USD
CY2017Q1 us-gaap Occupancy Costs
OccupancyCosts
32983000 USD
CY2016Q1 us-gaap Occupancy Revenue
OccupancyRevenue
131404000 USD
CY2017Q1 us-gaap Occupancy Revenue
OccupancyRevenue
125570000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
30007000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
20531000 USD
CY2016Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-11484000 USD
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
2104000 USD
CY2016Q1 us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
55648000 USD
CY2017Q1 us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
52168000 USD
CY2016Q1 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
14145000 USD
CY2017Q1 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
12976000 USD
CY2016Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-712000 USD
CY2017Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-15000 USD
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1771000 USD
CY2017Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
64000 USD
CY2016Q1 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
4169000 USD
CY2017Q1 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
0 USD
CY2016Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
35817000 USD
CY2017Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
21821000 USD
CY2016Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-3000000 USD
CY2017Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
0 USD
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2496000 USD
CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
62444000 USD
CY2016Q1 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
140000000 USD
CY2017Q1 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
0 USD
CY2016Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
22903000 USD
CY2017Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
28029000 USD
CY2016Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
8203000 USD
CY2017Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4023000 USD
CY2016Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
905000 USD
CY2017Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2000 USD
CY2016Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
25000 USD
CY2017Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
62000 USD
CY2016Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
7000 USD
CY2017Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
6000 USD
CY2016Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5844000 USD
CY2017Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4023000 USD
CY2016Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
250000000 USD
CY2017Q1 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
250000000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q1 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
25.00
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2017Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
10000000 shares
CY2017Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
10000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
10000000 shares
CY2017Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
10000000 shares
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
100000 USD
CY2017Q1 us-gaap Preferred Stock Value
PreferredStockValue
100000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
38462000 USD
CY2017Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
40634000 USD
CY2016Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
150000000 USD
CY2017Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
132000000 USD
CY2016Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
CY2017Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
107000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
16637000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
14089000 USD
CY2016Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
358485000 USD
CY2017Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
383428000 USD
CY2016Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3031139000 USD
CY2017Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2946586000 USD
CY2016Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2672654000 USD
CY2017Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2563158000 USD
CY2016Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
135000000 USD
CY2017Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
10000000 USD
CY2016Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1953000 USD
CY2017Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
44996000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7419000 USD
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7152000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-169227000 USD
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-185657000 USD
CY2016Q1 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
196245000 USD
CY2017Q1 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
182178000 USD
CY2016Q4 us-gaap Secured Debt
SecuredDebt
142998000 USD
CY2017Q1 us-gaap Secured Debt
SecuredDebt
97929000 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1841000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1127000 USD
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P6Y
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1283593 shares
CY2016Q1 us-gaap Stock Issued1
StockIssued1
606000 USD
CY2017Q1 us-gaap Stock Issued1
StockIssued1
503000 USD
CY2017Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-62000 USD
CY2016Q1 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
140025000 USD
CY2016Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2496000 USD
CY2017Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
62444000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
1605684000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
1530206000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1760834000 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1592307000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1609116000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1533986000 USD
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72311081 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71892820 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71836815 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71610994 shares
CY2016Q1 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
CY2017Q1 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
356000 USD
CY2017Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and revenues and expenses. These estimates are prepared using management&#8217;s best judgment, after considering past, current and expected events and economic conditions. Actual results could differ from these estimates.</font></div></div>

Files In Submission

Name View Source Status
0001474098-17-000022-index-headers.html Edgar Link pending
0001474098-17-000022-index.html Edgar Link pending
0001474098-17-000022.txt Edgar Link pending
0001474098-17-000022-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
peb-20170331.xml Edgar Link completed
peb-20170331.xsd Edgar Link pending
peb-20170331ex311.htm Edgar Link pending
peb-20170331ex312.htm Edgar Link pending
peb-20170331ex321.htm Edgar Link pending
peb-20170331ex322.htm Edgar Link pending
peb-20170331x10q.htm Edgar Link pending
peb-20170331_cal.xml Edgar Link unprocessable
peb-20170331_def.xml Edgar Link unprocessable
peb-20170331_lab.xml Edgar Link unprocessable
peb-20170331_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending