$PEB
Pebblebrook Hotel Trust

2020 Q2 Form 10-Q Financial Statement

#000147409820000103 Filed on July 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $22.59M $442.1M
YoY Change -94.89% 114.08%
Cost Of Revenue $40.60M $251.0M
YoY Change -83.82% 109.17%
Gross Profit -$18.00M $191.1M
YoY Change -109.42% 120.92%
Gross Profit Margin -79.67% 43.23%
Selling, General & Admin $35.80M $39.80M
YoY Change -10.05% 88.63%
% of Gross Profit 20.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $55.50M $53.30M
YoY Change 4.13% 116.67%
% of Gross Profit 27.89%
Operating Expenses $91.30M $93.10M
YoY Change -1.93% 104.17%
Operating Profit -$110.7M $95.81M
YoY Change -215.53% 97.62%
Interest Expense $24.09M $28.72M
YoY Change -16.11% 165.52%
% of Operating Profit 29.98%
Other Income/Expense, Net $303.0K $7.000K
YoY Change 4228.57% -99.97%
Pretax Income -$134.5M $67.10M
YoY Change -300.42% 10.66%
Income Tax -$3.565M $6.579M
% Of Pretax Income 9.81%
Net Earnings -$130.5M $60.37M
YoY Change -316.18% 3.91%
Net Earnings / Revenue -577.7% 13.66%
Basic Earnings Per Share -$1.06 $0.40
Diluted Earnings Per Share -$1.06 $0.40
COMMON SHARES
Basic Shares Outstanding 130.6M shares 130.5M shares
Diluted Shares Outstanding 130.6M shares 130.6M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $339.8M $42.00M
YoY Change 709.05% 142.77%
Cash & Equivalents $339.8M $41.99M
Short-Term Investments
Other Short-Term Assets $55.20M $49.90M
YoY Change 10.62% -10.57%
Inventory
Prepaid Expenses
Receivables $8.700M $75.40M
Other Receivables $0.00 $0.00
Total Short-Term Assets $403.7M $167.3M
YoY Change 141.3% 54.76%
LONG-TERM ASSETS
Property, Plant & Equipment $6.022B $6.421B
YoY Change -6.22% 160.18%
Goodwill
YoY Change
Intangibles $0.00
YoY Change -100.0%
Long-Term Investments
YoY Change
Other Assets $69.90M $142.4M
YoY Change -50.91% 1615.66%
Total Long-Term Assets $6.091B $6.563B
YoY Change -7.19% 130.62%
TOTAL ASSETS
Total Short-Term Assets $403.7M $167.3M
Total Long-Term Assets $6.091B $6.563B
Total Assets $6.495B $6.731B
YoY Change -3.5% 127.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $201.1M $276.9M
YoY Change -27.37% 99.5%
Accrued Expenses $259.8M $252.2M
YoY Change 3.01% 10865.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $87.90M $155.5M
YoY Change -43.47%
Total Short-Term Liabilities $593.5M $796.0M
YoY Change -25.44% 300.0%
LONG-TERM LIABILITIES
Long-Term Debt $2.411B $2.243B
YoY Change 7.48% 83.49%
Other Long-Term Liabilities $1.800M $1.200M
YoY Change 50.0%
Total Long-Term Liabilities $2.413B $2.245B
YoY Change 7.5% 83.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $593.5M $796.0M
Total Long-Term Liabilities $2.413B $2.245B
Total Liabilities $3.006B $3.040B
YoY Change -1.12% 113.89%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.306M $1.305M
YoY Change 0.08% 89.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.468B $3.680B
YoY Change
Total Liabilities & Shareholders Equity $6.495B $6.731B
YoY Change -3.5% 127.84%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$130.5M $60.37M
YoY Change -316.18% 3.91%
Depreciation, Depletion And Amortization $55.50M $53.30M
YoY Change 4.13% 116.67%
Cash From Operating Activities -$88.10M $137.8M
YoY Change -163.93% 125.16%
INVESTING ACTIVITIES
Capital Expenditures -$39.50M -$32.90M
YoY Change 20.06% 72.25%
Acquisitions
YoY Change
Other Investing Activities $0.00 $57.20M
YoY Change -100.0% -130.31%
Cash From Investing Activities -$39.50M $24.30M
YoY Change -262.55% -111.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -266.4M -168.9M
YoY Change 57.73% -213.43%
NET CHANGE
Cash From Operating Activities -88.10M 137.8M
Cash From Investing Activities -39.50M 24.30M
Cash From Financing Activities -266.4M -168.9M
Net Change In Cash -394.0M -6.800M
YoY Change 5694.12% -395.65%
FREE CASH FLOW
Cash From Operating Activities -$88.10M $137.8M
Capital Expenditures -$39.50M -$32.90M
Free Cash Flow -$48.60M $170.7M
YoY Change -128.47% 112.58%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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PEBBLEBROOK HOTEL TRUST
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-30128000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-131319000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
39429000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-143516000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
36045000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-402000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
86000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-437000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
80000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-130917000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
39343000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-143079000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
35965000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3627766000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
9000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1779000 USD
CY2020Q2 us-gaap Dividends Common Stock
DividendsCommonStock
1332000 USD
CY2020Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
8139000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-405000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-130914000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3488746000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3706799000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2118000 USD
CY2019Q2 us-gaap Dividends Common Stock
DividendsCommonStock
49933000 USD
CY2019Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
8139000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-21089000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
60518000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3690274000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3631936000 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
94000 USD
peb Share Value Issued For Board Of Trustees Compensation
ShareValueIssuedForBoardOfTrusteesCompensation
637000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1255000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
19416000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
2100000 USD
us-gaap Dividends Preferred Stock
DividendsPreferredStock
16278000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-54670000 USD
us-gaap Profit Loss
ProfitLoss
-88846000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3488746000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3769930000 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
275000 USD
peb Share Value Issued For Board Of Trustees Compensation
ShareValueIssuedForBoardOfTrusteesCompensation
740000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4009000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3966000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
99845000 USD
us-gaap Dividends Preferred Stock
DividendsPreferredStock
16278000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-30128000 USD
us-gaap Profit Loss
ProfitLoss
66173000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3690274000 USD
us-gaap Profit Loss
ProfitLoss
-88846000 USD
us-gaap Profit Loss
ProfitLoss
66173000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
111348000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
107601000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
19416000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3966000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
7178000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3901000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
117448000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
20570000 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-14309000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
1542000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3129000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3051000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-92000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4735000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-39350000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
17150000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-12998000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-7477000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-60770000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
13461000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-19290000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-637000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-86582000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
194120000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
89636000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
75907000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
320036000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
302323000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
0 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
398000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
230400000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
226018000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
94000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
275000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3618000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
237000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
760115000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
56893000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
535115000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
226893000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
12965000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
12965000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
181219000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1255000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4009000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
51338000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
85273000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
16278000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
16278000 USD
peb Repaymentsofmembershipdeposits
Repaymentsofmembershipdeposits
273000 USD
peb Repaymentsofmembershipdeposits
Repaymentsofmembershipdeposits
396000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
152144000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-457687000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
295962000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-37549000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
56875000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
107811000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
352837000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
70262000 USD
CY2020Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
54 property
CY2020Q2 peb Number Of Guest Rooms
NumberOfGuestRooms
13352 hotel_room
CY2020Q2 peb Numberof Real Estate Properties Open
NumberofRealEstatePropertiesOpen
16 property
CY2020Q2 peb Numberofrealestatepropertiessuspended
Numberofrealestatepropertiessuspended
38 property
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:14pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Use of Estimates</span></div><div style="text-indent:24.75pt;margin-top:5pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">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’s best judgment, after considering past, current and expected events and economic conditions. Actual results could differ from these estimates.</span></div>
peb Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
2 property
peb Sale Of Real Estate Held For Investment Consideration Received
SaleOfRealEstateHeldForInvestmentConsiderationReceived
331000000.0 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
117400000 USD
CY2020Q2 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
100000 USD
us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
4400000 USD
CY2019Q2 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
13900000 USD
us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
24200000 USD
peb Sale Of Real Estate Held For Investment Consideration Received
SaleOfRealEstateHeldForInvestmentConsiderationReceived
310705000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2020Q2 us-gaap Land
Land
983135000 USD
CY2019Q4 us-gaap Land
Land
1042198000 USD
CY2020Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4826745000 USD
CY2019Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4998108000 USD
CY2020Q2 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
501923000 USD
CY2019Q4 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
522631000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
134063000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
134063000 USD
CY2020Q2 us-gaap Development In Process
DevelopmentInProcess
37244000 USD
CY2019Q4 us-gaap Development In Process
DevelopmentInProcess
35637000 USD
CY2020Q2 peb Real Estate Investment Property Pre Rightof Use Assetat Cost
RealEstateInvestmentPropertyPreRightofUseAssetatCost
6483110000 USD
CY2019Q4 peb Real Estate Investment Property Pre Rightof Use Assetat Cost
RealEstateInvestmentPropertyPreRightofUseAssetatCost
6732637000 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
324158000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
335272000 USD
CY2020Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6807268000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
7067909000 USD
CY2020Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
785795000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
735322000 USD
CY2020Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6021473000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6332587000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
20600000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
256300000 USD
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
46000000.0 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
256300000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
45600000 USD
CY2020Q2 peb Interest Rate Libor Floor
InterestRateLIBORFloor
0
CY2020Q2 peb Interest Rate Libor Floor
InterestRateLIBORFloor
0.0025
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.01
peb Credit Agreement Capital Improvements Limit
CreditAgreementCapitalImprovementsLimit
90000000.0 USD
CY2020Q2 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
253200000 USD
us-gaap Interest Expense
InterestExpense
58047000 USD
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
2452970000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
2229220000 USD
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
6800000 USD
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
6800000 USD
CY2019Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
2800000 USD
CY2020Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1190000 USD
CY2019Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2413000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2380000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3901000 USD
CY2020Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1855000 USD
CY2019Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2508000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3601000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
5259000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
24091000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
28719000 USD
us-gaap Interest Expense
InterestExpense
47682000 USD
CY2020Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
106900000 USD
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
101200000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22592000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
442083000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
291699000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
809252000 USD
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2020Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
20400000 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
20400000 shares
CY2020Q2 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
236351 shares
CY2019Q4 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
236351 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
883725 shares
CY2020Q2 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
236351 shares
CY2019Q4 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
236351 shares
peb Effective Income Tax Rate Reconciliation At Federal And State Statutory Income Tax Rate Percent
EffectiveIncomeTaxRateReconciliationAtFederalAndStateStatutoryIncomeTaxRatePercent
0.260
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-138652000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
52234000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-104842000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
49730000 USD
CY2020Q2 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
2000 USD
CY2019Q2 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
74000 USD
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
4000 USD
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
147000 USD
CY2020Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2019Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2020Q2 peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-138654000 USD
CY2019Q2 peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
52157000 USD
peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-104846000 USD
peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
49583000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130563831 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130484956 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130559838 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130458164 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
110898 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
204243 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130563831 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130595854 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130559838 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130662407 shares
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.06
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.80
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.06
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.80
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
558769 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
558769 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
163100 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
37137 shares
CY2020Q2 peb Combined Base And Incentive Management Fees
CombinedBaseAndIncentiveManagementFees
-400000 USD
peb Combined Base And Incentive Management Fees
CombinedBaseAndIncentiveManagementFees
6500000 USD
CY2019Q2 peb Combined Base And Incentive Management Fees
CombinedBaseAndIncentiveManagementFees
13300000 USD
peb Combined Base And Incentive Management Fees
CombinedBaseAndIncentiveManagementFees
22800000 USD
peb Reserve Funds As Percentage Of Hotel Revenues
ReserveFundsAsPercentageOfHotelRevenues
0.040
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
13000000.0 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
26800000 USD
CY2020Q2 peb Fixed Lease Cost
FixedLeaseCost
4304000 USD
CY2019Q2 peb Fixed Lease Cost
FixedLeaseCost
4255000 USD
peb Fixed Lease Cost
FixedLeaseCost
8593000 USD
peb Fixed Lease Cost
FixedLeaseCost
8524000 USD
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
696000 USD
CY2019Q2 us-gaap Variable Lease Cost
VariableLeaseCost
3531000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
2744000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
6883000 USD
CY2020Q2 us-gaap Lease Cost
LeaseCost
5000000 USD
CY2019Q2 us-gaap Lease Cost
LeaseCost
7786000 USD
us-gaap Lease Cost
LeaseCost
11337000 USD
us-gaap Lease Cost
LeaseCost
15407000 USD
us-gaap Interest Paid Net
InterestPaidNet
44184000 USD
us-gaap Interest Paid Net
InterestPaidNet
47741000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
1247000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
865000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1461000 USD
peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
4405000 USD
peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
4040000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
247139000 USD
peb Noncash Or Part Noncash Acquisition Lease Liability Assumed
NoncashOrPartNoncashAcquisitionLeaseLiabilityAssumed
0 USD
peb Noncash Or Part Noncash Acquisition Lease Liability Assumed
NoncashOrPartNoncashAcquisitionLeaseLiabilityAssumed
16444000 USD
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
1281000 USD

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