$PEB
Pebblebrook Hotel Trust

2020 Q4 Form 10-Q Financial Statement

#000147409820000131 Filed on October 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020 Q1
Revenue $74.21M $76.98M $269.1M
YoY Change -80.44% -81.83% -26.71%
Cost Of Revenue $66.40M $71.00M $201.5M
YoY Change -72.21% -71.31% -14.91%
Gross Profit $7.800M $6.000M $67.70M
YoY Change -94.45% -96.59% -48.07%
Gross Profit Margin 10.51% 7.79% 25.16%
Selling, General & Admin $36.10M $35.40M $52.40M
YoY Change -8.14% -11.28% 30.67%
% of Gross Profit 462.82% 590.0% 77.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $56.60M $56.70M $55.80M
YoY Change -1.57% -18.77% 2.76%
% of Gross Profit 725.64% 945.0% 82.42%
Operating Expenses $92.60M $92.10M $108.1M
YoY Change -4.24% -15.97% 14.63%
Operating Profit -$84.80M -$97.38M $54.89M
YoY Change -293.61% -260.12% 83.36%
Interest Expense -$28.90M $27.51M $23.59M
YoY Change 20.42% 3.96% -19.56%
% of Operating Profit 42.98%
Other Income/Expense, Net $100.0K $115.0K $24.00K
YoY Change 1542.86% 166.67%
Pretax Income -$168.4M -$124.8M $31.32M
YoY Change -995.74% -463.14% 4968.61%
Income Tax $4.800M $5.778M -$10.74M
% Of Pretax Income -34.3%
Net Earnings -$172.9M -$130.3M $41.95M
YoY Change -984.5% -535.94% 644.44%
Net Earnings / Revenue -232.93% -169.27% 15.59%
Basic Earnings Per Share -$1.39 -$1.06 $0.26
Diluted Earnings Per Share -$1.39 -$1.06 $0.26
COMMON SHARES
Basic Shares Outstanding 130.9M shares 130.6M shares 130.6M shares
Diluted Shares Outstanding 130.6M shares 130.7M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $124.3M $204.6M $727.4M
YoY Change 312.96% 586.58% 1315.18%
Cash & Equivalents $124.3M $204.6M $727.4M
Short-Term Investments
Other Short-Term Assets $47.80M $56.90M $59.50M
YoY Change -19.66% -1.9% -13.64%
Inventory
Prepaid Expenses
Receivables $10.20M $11.30M $24.70M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $182.3M $272.8M $811.6M
YoY Change 30.96% 71.79% 322.05%
LONG-TERM ASSETS
Property, Plant & Equipment $5.882B $5.981B $6.107B
YoY Change -7.12% -5.52% -7.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.00M $12.40M $19.40M
YoY Change -55.22% -77.82% -24.51%
Total Long-Term Assets $5.894B $5.993B $6.126B
YoY Change -7.32% -6.15% -7.75%
TOTAL ASSETS
Total Short-Term Assets $182.3M $272.8M $811.6M
Total Long-Term Assets $5.894B $5.993B $6.126B
Total Assets $6.076B $6.266B $6.938B
YoY Change -6.5% -4.26% 1.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $180.0M $201.4M $289.9M
YoY Change -30.82% -28.28% 12.98%
Accrued Expenses $259.8M $260.7M $262.0M
YoY Change -0.42% -0.46% 3.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $41.00M $82.80M $86.30M
YoY Change -49.19% -41.57% -47.15%
Total Short-Term Liabilities $526.2M $588.2M $688.2M
YoY Change -26.72% -26.46% -12.03%
LONG-TERM LIABILITIES
Long-Term Debt $2.286B $2.318B $2.622B
YoY Change 6.39% 10.99% 11.86%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.286B $2.318B $2.622B
YoY Change 6.39% 10.97% 11.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $526.2M $588.2M $688.2M
Total Long-Term Liabilities $2.286B $2.318B $2.622B
Total Liabilities $2.812B $2.906B $3.310B
YoY Change -1.9% 0.61% 5.88%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.307M $1.307M $1.306M
YoY Change 0.15% 0.15% 0.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.257B $3.353B $3.606B
YoY Change
Total Liabilities & Shareholders Equity $6.076B $6.266B $6.938B
YoY Change -6.5% -4.26% 1.53%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020 Q1
OPERATING ACTIVITIES
Net Income -$172.9M -$130.3M $41.95M
YoY Change -984.5% -535.94% 644.44%
Depreciation, Depletion And Amortization $56.60M $56.70M $55.80M
YoY Change -1.57% -18.77% 2.76%
Cash From Operating Activities -$54.90M -$60.30M $1.492M
YoY Change -169.41% -149.43% -97.35%
INVESTING ACTIVITIES
Capital Expenditures -$14.60M -$20.80M -$50.10M
YoY Change -71.87% -50.71% 15.44%
Acquisitions
YoY Change
Other Investing Activities $0.00 $55.10M $320.0M
YoY Change -100.0% -59.37% 30.56%
Cash From Investing Activities -$14.60M $34.30M $269.9M
YoY Change -24.35% -63.24% 33.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.255M
YoY Change -68.7%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -11.20M -109.8M $418.5M
YoY Change -81.24% -51.99% -244.89%
NET CHANGE
Cash From Operating Activities -54.90M -60.30M $1.492M
Cash From Investing Activities -14.60M 34.30M $269.9M
Cash From Financing Activities -11.20M -109.8M $418.5M
Net Change In Cash -80.70M -135.8M $689.9M
YoY Change -80800.0% 913.43% -2344.28%
FREE CASH FLOW
Cash From Operating Activities -$54.90M -$60.30M $1.492M
Capital Expenditures -$14.60M -$20.80M -$50.10M
Free Cash Flow -$40.30M -$39.50M $51.59M
YoY Change -130.76% -124.06% -48.27%

Facts In Submission

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WeightedAverageNumberOfSharesOutstandingBasic
130645990 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130484956 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130588765 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130467193 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130645990 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130622130 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130588765 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130690342 shares
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-130560000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
29980000 USD
us-gaap Profit Loss
ProfitLoss
-219406000 USD
us-gaap Profit Loss
ProfitLoss
96153000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
9722000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-7874000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-44948000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-38002000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-120838000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
22106000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-264354000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
58151000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-187000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
66000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-624000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
146000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-120651000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
22040000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-263730000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
58005000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3488746000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1660000 USD
CY2020Q3 us-gaap Dividends Common Stock
DividendsCommonStock
1310000 USD
CY2020Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
8139000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
9722000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-130560000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3360119000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3690274000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2134000 USD
CY2019Q3 us-gaap Dividends Common Stock
DividendsCommonStock
49909000 USD
CY2019Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
8139000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-7874000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
29980000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3656466000 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
21076000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
3410000 USD
us-gaap Dividends Preferred Stock
DividendsPreferredStock
24417000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-44948000 USD
us-gaap Profit Loss
ProfitLoss
-219406000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3360119000 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
6100000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
149754000 USD
us-gaap Dividends Preferred Stock
DividendsPreferredStock
24417000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-38002000 USD
us-gaap Profit Loss
ProfitLoss
96153000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3656466000 USD
us-gaap Profit Loss
ProfitLoss
-219406000 USD
us-gaap Profit Loss
ProfitLoss
96153000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
168044000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
177376000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
21076000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6100000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
11199000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
13547000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
117401000 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 Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4669000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4921000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
289000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2301000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-37217000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12504000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3933000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1147000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-47896000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
23791000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-20708000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3269000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-146858000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
316101000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
110443000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
117989000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
375131000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
437871000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
0 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
560000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
264688000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
319322000 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
318000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
760115000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
211893000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
635115000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
281893000 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
451831000 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
52649000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
135054000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
24417000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
24417000 USD
peb Repaymentsofmembershipdeposits
Repaymentsofmembershipdeposits
697000 USD
peb Repaymentsofmembershipdeposits
Repaymentsofmembershipdeposits
524000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
42270000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-686428000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
160100000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-51005000 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
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
216975000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
56806000 USD
CY2020Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
53 property
CY2020Q3 peb Number Of Guest Rooms
NumberOfGuestRooms
13236 hotel_room
CY2020Q3 peb Numberof Real Estate Properties Open
NumberofRealEstatePropertiesOpen
35 property
CY2020Q3 peb Numberofrealestatepropertiessuspended
Numberofrealestatepropertiessuspended
18 property
CY2020Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
10000000.0 USD
CY2020Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
11700000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:14pt"><span style="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="margin-top:5pt;text-indent:24.75pt"><span style="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 Sale Of Real Estate Held For Investment Consideration Received
SaleOfRealEstateHeldForInvestmentConsiderationReceived
387000000 USD
peb Sale Of Real Estate Held For Investment Consideration Received
SaleOfRealEstateHeldForInvestmentConsiderationReceived
448821000 USD
CY2020Q3 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
117400000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2019Q3 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2020Q3 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
4900000 USD
CY2019Q3 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
9300000 USD
us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
35600000 USD
CY2020Q3 us-gaap Land
Land
983392000 USD
CY2019Q4 us-gaap Land
Land
1042198000 USD
CY2020Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4865065000 USD
CY2019Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4998108000 USD
CY2020Q3 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
510552000 USD
CY2019Q4 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
522631000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
256300000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
45600000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
134063000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
134063000 USD
CY2020Q3 us-gaap Development In Process
DevelopmentInProcess
7410000 USD
CY2019Q4 us-gaap Development In Process
DevelopmentInProcess
35637000 USD
CY2020Q3 peb Real Estate Investment Property Pre Rightof Use Assetat Cost
RealEstateInvestmentPropertyPreRightofUseAssetatCost
6500482000 USD
CY2019Q4 peb Real Estate Investment Property Pre Rightof Use Assetat Cost
RealEstateInvestmentPropertyPreRightofUseAssetatCost
6732637000 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
322185000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
335272000 USD
CY2020Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6822667000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
7067909000 USD
CY2020Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
842087000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
735322000 USD
CY2020Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5980580000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6332587000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
20600000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
255200000 USD
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
46200000 USD
CY2020Q2 peb Interest Rate Libor Floor
InterestRateLIBORFloor
0
CY2020Q3 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
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
2354066000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
2229220000 USD
CY2020Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
6800000 USD
CY2020Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
6800000 USD
CY2019Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
2800000 USD
CY2020Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1518000 USD
CY2019Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2002000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3898000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5903000 USD
CY2020Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2547000 USD
CY2019Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2415000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
6148000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
7674000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
27514000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
26465000 USD
us-gaap Interest Expense
InterestExpense
75196000 USD
us-gaap Interest Expense
InterestExpense
84512000 USD
CY2020Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
106600000 USD
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
101200000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
76980000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
423552000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
368679000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1232804000 USD
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2020Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
20400000 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
20400000 shares
CY2020Q3 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
127111 shares
CY2019Q4 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
236351 shares
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
895291 shares
CY2020Q3 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
127111 shares
peb Effective Income Tax Rate Reconciliation At Federal And State Statutory Income Tax Rate Percent
EffectiveIncomeTaxRateReconciliationAtFederalAndStateStatutoryIncomeTaxRatePercent
0.275
CY2020Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
10000000.0 USD
CY2020Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
11700000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-138446000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21752000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-243288000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
71482000 USD
CY2020Q3 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
2000 USD
CY2019Q3 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
74000 USD
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
6000 USD
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
220000 USD
CY2020Q3 peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-138448000 USD
CY2019Q3 peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
21678000 USD
peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-243294000 USD
peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
71262000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130645990 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130484956 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130588765 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130467193 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
137174 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
223149 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130645990 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130622130 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130588765 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130690342 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.06
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.86
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.06
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.86
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
547203 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
547203 shares
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
128563 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
37137 shares
CY2020Q3 peb Combined Base And Incentive Management Fees
CombinedBaseAndIncentiveManagementFees
1500000 USD
peb Combined Base And Incentive Management Fees
CombinedBaseAndIncentiveManagementFees
8000000.0 USD
CY2019Q3 peb Combined Base And Incentive Management Fees
CombinedBaseAndIncentiveManagementFees
10500000 USD
peb Combined Base And Incentive Management Fees
CombinedBaseAndIncentiveManagementFees
33300000 USD
peb Reserve Funds As Percentage Of Hotel Revenues
ReserveFundsAsPercentageOfHotelRevenues
0.040
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
12400000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
26800000 USD
CY2020Q3 peb Fixed Lease Cost
FixedLeaseCost
4314000 USD
CY2019Q3 peb Fixed Lease Cost
FixedLeaseCost
4262000 USD
peb Fixed Lease Cost
FixedLeaseCost
12907000 USD
peb Fixed Lease Cost
FixedLeaseCost
12786000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
1072000 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
4651000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
3816000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
11534000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
5386000 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
8913000 USD
us-gaap Lease Cost
LeaseCost
16723000 USD
us-gaap Lease Cost
LeaseCost
24320000 USD
us-gaap Interest Paid Net
InterestPaidNet
66252000 USD
us-gaap Interest Paid Net
InterestPaidNet
69680000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
1247000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3369000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2569000 USD
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
2831000 USD
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 USD
peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
7842000 USD
peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
6754000 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
257167000 USD
peb Noncash Or Part Noncash Acquisition Lease Liability Assumed
NoncashOrPartNoncashAcquisitionLeaseLiabilityAssumed
0 USD
peb Noncash Or Part Noncash Acquisition Lease Liability Assumed
NoncashOrPartNoncashAcquisitionLeaseLiabilityAssumed
16604000 USD
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
2697000 USD

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