$PEB
Pebblebrook Hotel Trust

2021 Q1 Form 10-Q Financial Statement

#000147409821000084 Filed on April 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $83.64M $269.1M
YoY Change -68.92% -26.71%
Cost Of Revenue $72.70M $201.5M
YoY Change -63.92% -14.91%
Gross Profit $11.00M $67.70M
YoY Change -83.75% -48.07%
Gross Profit Margin 13.15% 25.16%
Selling, General & Admin $36.20M $52.40M
YoY Change -30.92% 30.67%
% of Gross Profit 329.09% 77.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $55.40M $55.80M
YoY Change -0.72% 2.76%
% of Gross Profit 503.64% 82.42%
Operating Expenses $91.70M $108.1M
YoY Change -15.17% 14.63%
Operating Profit -$96.14M $54.89M
YoY Change -275.14% 83.36%
Interest Expense $25.33M $23.59M
YoY Change 7.38% -19.56%
% of Operating Profit 42.98%
Other Income/Expense, Net $29.00K $24.00K
YoY Change 20.83% 166.67%
Pretax Income -$121.4M $31.32M
YoY Change -487.68% 4968.61%
Income Tax $3.000K -$10.74M
% Of Pretax Income -34.3%
Net Earnings -$120.6M $41.95M
YoY Change -387.45% 644.44%
Net Earnings / Revenue -144.16% 15.59%
Basic Earnings Per Share -$0.98 $0.26
Diluted Earnings Per Share -$0.98 $0.26
COMMON SHARES
Basic Shares Outstanding 130.8M shares 130.6M shares
Diluted Shares Outstanding 130.8M shares 130.7M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $113.3M $727.4M
YoY Change -84.42% 1315.18%
Cash & Equivalents $113.3M $727.4M
Short-Term Investments
Other Short-Term Assets $45.50M $59.50M
YoY Change -23.53% -13.64%
Inventory
Prepaid Expenses
Receivables $16.60M $24.70M
Other Receivables $0.00 $0.00
Total Short-Term Assets $175.4M $811.6M
YoY Change -78.39% 322.05%
LONG-TERM ASSETS
Property, Plant & Equipment $5.732B $6.107B
YoY Change -6.14% -7.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $101.7M $19.40M
YoY Change 424.23% -24.51%
Total Long-Term Assets $5.834B $6.126B
YoY Change -4.78% -7.75%
TOTAL ASSETS
Total Short-Term Assets $175.4M $811.6M
Total Long-Term Assets $5.834B $6.126B
Total Assets $6.009B $6.938B
YoY Change -13.39% 1.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $192.8M $289.9M
YoY Change -33.49% 12.98%
Accrued Expenses $263.9M $262.0M
YoY Change 0.73% 3.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $86.20M $86.30M
YoY Change -0.12% -47.15%
Total Short-Term Liabilities $593.2M $688.2M
YoY Change -13.8% -12.03%
LONG-TERM LIABILITIES
Long-Term Debt $2.394B $2.622B
YoY Change -8.68% 11.86%
Other Long-Term Liabilities $2.300M
YoY Change
Total Long-Term Liabilities $2.397B $2.622B
YoY Change -8.6% 11.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $593.2M $688.2M
Total Long-Term Liabilities $2.397B $2.622B
Total Liabilities $2.990B $3.310B
YoY Change -9.68% 5.88%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.308M $1.306M
YoY Change 0.15% 0.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.013B $3.606B
YoY Change
Total Liabilities & Shareholders Equity $6.009B $6.938B
YoY Change -13.39% 1.53%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$120.6M $41.95M
YoY Change -387.45% 644.44%
Depreciation, Depletion And Amortization $55.40M $55.80M
YoY Change -0.72% 2.76%
Cash From Operating Activities -$7.136M $1.492M
YoY Change -578.28% -97.35%
INVESTING ACTIVITIES
Capital Expenditures -$9.700M -$50.10M
YoY Change -80.64% 15.44%
Acquisitions
YoY Change
Other Investing Activities $47.00K $320.0M
YoY Change -99.99% 30.56%
Cash From Investing Activities -$9.670M $269.9M
YoY Change -103.58% 33.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $720.0K $1.255M
YoY Change -42.63% -68.7%
Debt Paid & Issued, Net $177.0M $0.00
YoY Change -100.0%
Cash From Financing Activities $5.138M $418.5M
YoY Change -98.77% -244.89%
NET CHANGE
Cash From Operating Activities -$7.136M $1.492M
Cash From Investing Activities -$9.670M $269.9M
Cash From Financing Activities $5.138M $418.5M
Net Change In Cash -$11.67M $689.9M
YoY Change -101.69% -2344.28%
FREE CASH FLOW
Cash From Operating Activities -$7.136M $1.492M
Capital Expenditures -$9.700M -$50.10M
Free Cash Flow $2.564M $51.59M
YoY Change -95.03% -48.27%

Facts In Submission

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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3019156000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-121440000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
42068000 USD
CY2021Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
55443000 USD
CY2020Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
55828000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2182000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
17637000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4744000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3594000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
117448000 USD
CY2021Q1 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
14856000 USD
CY2020Q1 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
20570000 USD
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1521000 USD
CY2020Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1574000 USD
CY2021Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-69000 USD
CY2020Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-146000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6800000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-23386000 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1686000 USD
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5200000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
35110000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-26326000 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
5493000 USD
CY2020Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-14337000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7136000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1492000 USD
CY2021Q1 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
9623000 USD
CY2020Q1 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
50099000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 USD
CY2020Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
320036000 USD
CY2021Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
47000 USD
CY2020Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
0 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9670000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
269937000 USD
CY2021Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
10000 USD
CY2020Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
85000 USD
CY2021Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
9576000 USD
CY2020Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2021Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2020Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
760115000 USD
CY2021Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
40000000 USD
CY2020Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
281947000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
263750000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 USD
CY2021Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
177000000 USD
CY2020Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
0 USD
CY2021Q1 peb Payments For Purchase Of Capped Calls Convertible Senior Notes
PaymentsForPurchaseOfCappedCallsConvertibleSeniorNotes
20975000 USD
CY2020Q1 peb Payments For Purchase Of Capped Calls Convertible Senior Notes
PaymentsForPurchaseOfCappedCallsConvertibleSeniorNotes
0 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
720000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1255000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1312000 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
50027000 USD
CY2021Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
8139000 USD
CY2020Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
8139000 USD
CY2021Q1 peb Repaymentsofmembershipdeposits
Repaymentsofmembershipdeposits
880000 USD
CY2020Q1 peb Repaymentsofmembershipdeposits
Repaymentsofmembershipdeposits
198000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5138000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
418464000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-11668000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
689893000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
136300000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
56875000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
124632000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
746768000 USD
CY2021Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
53 property
CY2021Q1 peb Number Of Guest Rooms
NumberOfGuestRooms
13236 hotelRoom
CY2020Q1 peb Numberofrealestatepropertiessuspended
Numberofrealestatepropertiessuspended
47 property
CY2021Q1 peb Numberof Real Estate Properties Open
NumberofRealEstatePropertiesOpen
40 property
CY2021Q1 peb Numberofrealestatepropertiessuspended
Numberofrealestatepropertiessuspended
13 property
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:9pt"><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-bottom:5pt;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>
CY2020Q1 peb Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
2 property
CY2020Q1 peb Sale Of Real Estate Held For Investment Consideration Received
SaleOfRealEstateHeldForInvestmentConsiderationReceived
331000000.0 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
117400000 USD
CY2020Q1 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
4300000 USD
CY2021Q1 us-gaap Land
Land
947263000 USD
CY2020Q4 us-gaap Land
Land
973848000 USD
CY2021Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4759264000 USD
CY2020Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4849644000 USD
CY2021Q1 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
499810000 USD
CY2020Q4 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
515975000 USD
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
114835000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
114835000 USD
CY2021Q1 us-gaap Development In Process
DevelopmentInProcess
4546000 USD
CY2020Q4 us-gaap Development In Process
DevelopmentInProcess
5443000 USD
CY2021Q1 peb Real Estate Investment Property Pre Rightof Use Assetat Cost
RealEstateInvestmentPropertyPreRightofUseAssetatCost
6325718000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
2433980000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
2280471000 USD
CY2020Q4 peb Real Estate Investment Property Pre Rightof Use Assetat Cost
RealEstateInvestmentPropertyPreRightofUseAssetatCost
6459745000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
318944000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
320564000 USD
CY2021Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6644662000 USD
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6780309000 USD
CY2021Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
912935000 USD
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
898287000 USD
CY2021Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5731727000 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5882022000 USD
CY2021Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
14900000 USD
CY2021Q1 peb Impairment Of Real Estate Number Of Properties
ImpairmentOfRealEstateNumberOfProperties
1 property
CY2020Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
20600000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
254800000 USD
CY2021Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
46500000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
255100000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
46400000 USD
CY2021Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
6800000 USD
CY2021Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
6800000 USD
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
6800000 USD
CY2021Q1 peb Debt Instrument Election Period Prior To Maturity Date
DebtInstrumentElectionPeriodPriorToMaturityDate
P2D
CY2021Q1 peb Debt Instrument Redemption Price To Principal Amount Percentage
DebtInstrumentRedemptionPriceToPrincipalAmountPercentage
1
CY2021Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2659000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1190000 USD
CY2021Q1 peb Interest Expense Debt Other
InterestExpenseDebtOther
2131000 USD
CY2020Q1 peb Interest Expense Debt Other
InterestExpenseDebtOther
1746000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
25331000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
23591000 USD
CY2021Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
684300000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
491800000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
83643000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
269107000 USD
CY2021Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2021Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
20400000 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
20400000 shares
CY2021Q1 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
727208 shares
CY2020Q4 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
127111 shares
CY2021Q1 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
727208 shares
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
130439 shares
CY2021Q1 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
727208 shares
CY2020Q4 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
127111 shares
CY2021Q1 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
727208 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
123062 shares
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-128721000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
33810000 USD
CY2021Q1 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
12000 USD
CY2020Q1 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
2000 USD
CY2021Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
48000 USD
CY2021Q1 peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-128733000 USD
CY2020Q1 peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
33760000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130775873 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130555846 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130775873 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130678908 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.98
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.98
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2021Q1 peb Combined Base And Incentive Management Fees
CombinedBaseAndIncentiveManagementFees
2300000 USD
CY2020Q1 peb Combined Base And Incentive Management Fees
CombinedBaseAndIncentiveManagementFees
6900000 USD
CY2021Q1 peb Reserve Funds As Percentage Of Hotel Revenues
ReserveFundsAsPercentageOfHotelRevenues
0.040
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
11300000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
12000000.0 USD
CY2021Q1 peb Fixed Lease Cost
FixedLeaseCost
4313000 USD
CY2020Q1 peb Fixed Lease Cost
FixedLeaseCost
4289000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
1496000 USD
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
2048000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
5809000 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
6337000 USD
CY2021Q1 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
13903000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
18849000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
18034000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
18119000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
18203000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1127864000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1214972000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
960141000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
254831000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
17438000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
20300000 USD
CY2021Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0 USD
CY2020Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
680000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-21000 USD
CY2020Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-4000 USD
CY2021Q1 peb Debt Conversion Converted Instrument Discount Adjustment Amount
DebtConversionConvertedInstrumentDiscountAdjustmentAmount
113099000 USD
CY2020Q1 peb Debt Conversion Converted Instrument Discount Adjustment Amount
DebtConversionConvertedInstrumentDiscountAdjustmentAmount
0 USD
CY2021Q1 peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
1242000 USD
CY2020Q1 peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
7124000 USD
CY2021Q1 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
2817000 USD
CY2020Q1 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD

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