$PEB
Pebblebrook Hotel Trust

2021 Q2 Form 10-Q Financial Statement

#000147409821000153 Filed on July 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $163.3M $22.59M
YoY Change 622.88% -94.89%
Cost Of Revenue $107.2M $40.60M
YoY Change 164.13% -83.82%
Gross Profit $56.08M -$18.00M
YoY Change -411.55% -109.42%
Gross Profit Margin 34.34% -79.67%
Selling, General & Admin $39.16M $35.80M
YoY Change 9.39% -10.05%
% of Gross Profit 69.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $54.74M $55.50M
YoY Change -1.36% 4.13%
% of Gross Profit 97.62%
Operating Expenses $93.86M $91.30M
YoY Change 2.81% -1.93%
Operating Profit $26.26M -$110.7M
YoY Change -123.72% -215.53%
Interest Expense $24.80M $24.09M
YoY Change 2.96% -16.11%
% of Operating Profit 94.47%
Other Income/Expense, Net $29.00K $303.0K
YoY Change -90.43% 4228.57%
Pretax Income $1.480M -$134.5M
YoY Change -101.1% -300.42%
Income Tax $52.00K -$3.565M
% Of Pretax Income 3.51%
Net Earnings $1.530M -$130.5M
YoY Change -101.17% -316.18%
Net Earnings / Revenue 0.94% -577.7%
Basic Earnings Per Share -$0.07 -$1.06
Diluted Earnings Per Share -$0.07 -$1.06
COMMON SHARES
Basic Shares Outstanding 130.8M shares 130.6M shares
Diluted Shares Outstanding 130.8M shares 130.6M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $312.1M $339.8M
YoY Change -8.16% 709.05%
Cash & Equivalents $312.1M $339.8M
Short-Term Investments
Other Short-Term Assets $56.16M $55.20M
YoY Change 1.73% 10.62%
Inventory
Prepaid Expenses
Receivables $27.48M $8.700M
Other Receivables $0.00 $0.00
Total Short-Term Assets $395.7M $403.7M
YoY Change -1.98% 141.3%
LONG-TERM ASSETS
Property, Plant & Equipment $5.668B $6.022B
YoY Change -5.88% -6.22%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.95M $69.90M
YoY Change -84.34% -50.91%
Total Long-Term Assets $5.679B $6.091B
YoY Change -6.78% -7.19%
TOTAL ASSETS
Total Short-Term Assets $395.7M $403.7M
Total Long-Term Assets $5.679B $6.091B
Total Assets $6.074B $6.495B
YoY Change -6.48% -3.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $202.1M $201.1M
YoY Change 0.5% -27.37%
Accrued Expenses $258.8M $259.8M
YoY Change -0.38% 3.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $110.3M $87.90M
YoY Change 25.43% -43.47%
Total Short-Term Liabilities $629.3M $593.5M
YoY Change 6.04% -25.44%
LONG-TERM LIABILITIES
Long-Term Debt $2.206B $2.411B
YoY Change -8.49% 7.48%
Other Long-Term Liabilities $1.800M
YoY Change 50.0%
Total Long-Term Liabilities $2.206B $2.413B
YoY Change -8.56% 7.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $629.3M $593.5M
Total Long-Term Liabilities $2.206B $2.413B
Total Liabilities $2.836B $3.006B
YoY Change -5.68% -1.12%
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 $3.232B $3.468B
YoY Change
Total Liabilities & Shareholders Equity $6.074B $6.495B
YoY Change -6.48% -3.5%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $1.530M -$130.5M
YoY Change -101.17% -316.18%
Depreciation, Depletion And Amortization $54.74M $55.50M
YoY Change -1.36% 4.13%
Cash From Operating Activities $4.817M -$88.10M
YoY Change -105.47% -163.93%
INVESTING ACTIVITIES
Capital Expenditures -$17.35M -$39.50M
YoY Change -56.08% 20.06%
Acquisitions
YoY Change
Other Investing Activities $154.8M $0.00
YoY Change -100.0%
Cash From Investing Activities $137.5M -$39.50M
YoY Change -448.08% -262.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 56.10M -266.4M
YoY Change -121.06% 57.73%
NET CHANGE
Cash From Operating Activities 4.817M -88.10M
Cash From Investing Activities 137.5M -39.50M
Cash From Financing Activities 56.10M -266.4M
Net Change In Cash 198.4M -394.0M
YoY Change -150.36% 5694.12%
FREE CASH FLOW
Cash From Operating Activities $4.817M -$88.10M
Capital Expenditures -$17.35M -$39.50M
Free Cash Flow $22.17M -$48.60M
YoY Change -145.61% -128.47%

Facts In Submission

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CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-2310000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-7945000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
7426000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-65419000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-6407000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-7540000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-12825000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-10749000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
5525000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-131319000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-99761000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-143516000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-76000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-402000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-828000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-437000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5601000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-130917000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-98933000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-143079000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3019156000 USD
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
222340000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3063000 USD
CY2021Q2 us-gaap Dividends Common Stock
DividendsCommonStock
1344000 USD
CY2021Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
10094000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-2310000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-6407000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
1428000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3238646000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3627766000 USD
CY2020Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-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 Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-7945000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-7540000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-130914000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3488746000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3264326000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
222330000 USD
peb Share Value Issued For Board Of Trustees Compensation
ShareValueIssuedForBoardOfTrusteesCompensation
516000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
720000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6691000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
2429000 USD
us-gaap Dividends Preferred Stock
DividendsPreferredStock
18233000 USD
peb Capped Calls Purchased During Period In Connection With Convertible Senior Notes
CappedCallsPurchasedDuringPeriodInConnectionWithConvertibleSeniorNotes
20975000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
7426000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-12825000 USD
us-gaap Profit Loss
ProfitLoss
-120012000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3238646000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3631936000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-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 Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-65419000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-10749000 USD
us-gaap Profit Loss
ProfitLoss
-88846000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3488746000 USD
us-gaap Profit Loss
ProfitLoss
-120012000 USD
us-gaap Profit Loss
ProfitLoss
-88846000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
110144000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
111348000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5244000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
19416000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
9068000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
7178000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
64558000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
117448000 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
14856000 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
20570000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
268599000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-60770000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3041000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3129000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
52000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-92000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
17610000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-39350000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-7315000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1311000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
38765000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
11516000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-19290000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2283000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-86582000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
26984000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
89636000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
171988000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
320036000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
17148000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
0 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
64000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
127792000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
230400000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
230000000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
7670000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
94000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
9611000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3618000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
760115000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
40000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
535115000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2634000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
12965000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
338000000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
12965000 USD
peb Payments For Purchase Of Capped Calls Convertible Senior Notes
PaymentsForPurchaseOfCappedCallsConvertibleSeniorNotes
20975000 USD
peb Payments For Purchase Of Capped Calls Convertible Senior Notes
PaymentsForPurchaseOfCappedCallsConvertibleSeniorNotes
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
720000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1255000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
51338000 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 Repayments Of Membership Deposits
RepaymentsOfMembershipDeposits
1510000 USD
peb Repayments Of Membership Deposits
RepaymentsOfMembershipDeposits
273000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
61201000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
152144000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
186710000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
295962000 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
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
323010000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
352837000 USD
CY2021Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
51 property
CY2021Q2 peb Number Of Guest Rooms
NumberOfGuestRooms
12626 hotelRoom
CY2020Q1 peb Number Of Real Estate Properties Suspended
NumberOfRealEstatePropertiesSuspended
47 property
CY2021Q2 peb Number Of Real Estate Properties Open
NumberOfRealEstatePropertiesOpen
49 property
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>
peb Sale Of Real Estate Held For Investment Consideration Received
SaleOfRealEstateHeldForInvestmentConsiderationReceived
176625000 USD
peb Sale Of Real Estate Held For Investment Consideration Received
SaleOfRealEstateHeldForInvestmentConsiderationReceived
331000000 USD
CY2021Q2 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
64600000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
64600000 USD
CY2020Q2 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
117400000 USD
CY2021Q2 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
200000 USD
us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
-1300000 USD
CY2020Q2 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
-1000000.0 USD
us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
5700000 USD
CY2021Q2 us-gaap Land
Land
947275000 USD
CY2020Q4 us-gaap Land
Land
973848000 USD
CY2021Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4768376000 USD
CY2020Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4849644000 USD
CY2021Q2 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
501386000 USD
CY2020Q4 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
515975000 USD
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
91181000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
114835000 USD
CY2021Q2 us-gaap Development In Process
DevelopmentInProcess
4913000 USD
CY2020Q4 us-gaap Development In Process
DevelopmentInProcess
5443000 USD
CY2021Q2 peb Real Estate Investment Property Pre Right Of Use Asset At Cost
RealEstateInvestmentPropertyPreRightOfUseAssetAtCost
6313131000 USD
CY2020Q4 peb Real Estate Investment Property Pre Right Of Use Asset At Cost
RealEstateInvestmentPropertyPreRightOfUseAssetAtCost
6459745000 USD
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
317322000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
320564000 USD
CY2021Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6630453000 USD
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6780309000 USD
CY2021Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
962746000 USD
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
898287000 USD
CY2021Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5667707000 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5882022000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
14900000 USD
peb Impairment Of Real Estate Number Of Properties
ImpairmentOfRealEstateNumberOfProperties
1 property
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
20600000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
254600000 USD
CY2021Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
41700000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
255100000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
46400000 USD
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
2274916000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
2280471000 USD
CY2021Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
5800000 USD
CY2021Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
5800000 USD
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
6800000 USD
peb Debt Instrument Election Period Prior To Maturity Date
DebtInstrumentElectionPeriodPriorToMaturityDate
P2D
CY2021Q2 peb Debt Instrument Redemption Price To Principal Amount Percentage
DebtInstrumentRedemptionPriceToPrincipalAmountPercentage
1
CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2709000 USD
CY2020Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1190000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5368000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2380000 USD
CY2021Q2 peb Interest Expense Debt Other
InterestExpenseDebtOther
1656000 USD
CY2020Q2 peb Interest Expense Debt Other
InterestExpenseDebtOther
1855000 USD
peb Interest Expense Debt Other
InterestExpenseDebtOther
3787000 USD
peb Interest Expense Debt Other
InterestExpenseDebtOther
3601000 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
24804000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
24091000 USD
us-gaap Interest Expense
InterestExpense
50135000 USD
us-gaap Interest Expense
InterestExpense
47682000 USD
CY2021Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
642400000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
491800000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
163314000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22592000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
246957000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
291699000 USD
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q2 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
727208 shares
CY2021Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
29600000 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
20400000 shares
CY2021Q2 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
727208 shares
CY2020Q4 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
127111 shares
CY2021Q2 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
727208 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
1675000 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1812875 shares
CY2020Q4 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
127111 shares
CY2021Q2 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
727208 shares
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8564000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-138652000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-137285000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-104842000 USD
CY2021Q2 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
12000 USD
CY2020Q2 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
2000 USD
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
23000 USD
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
4000 USD
CY2021Q2 peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-8576000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.80
CY2020Q2 peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-138654000 USD
peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-137308000 USD
peb Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-104846000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130813521 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130563831 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130794801 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130559838 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020Q2 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
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130813521 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130563831 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130794801 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130559838 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.06
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.80
CY2021Q2 peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
4400000 USD
peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
6700000 USD
CY2020Q2 peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
-400000 USD
peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
6500000 USD
peb Reserve Funds As Percentage Of Hotel Revenues
ReserveFundsAsPercentageOfHotelRevenues
0.040
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10900000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
12000000.0 USD
CY2021Q2 peb Fixed Lease Cost
FixedLeaseCost
4290000 USD
CY2020Q2 peb Fixed Lease Cost
FixedLeaseCost
4304000 USD
peb Fixed Lease Cost
FixedLeaseCost
8603000 USD
peb Fixed Lease Cost
FixedLeaseCost
8593000 USD
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1862000 USD
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
696000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
3358000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
2744000 USD
CY2021Q2 us-gaap Lease Cost
LeaseCost
6152000 USD
CY2020Q2 us-gaap Lease Cost
LeaseCost
5000000 USD
us-gaap Lease Cost
LeaseCost
11961000 USD
us-gaap Lease Cost
LeaseCost
11337000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
9278000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
18849000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
18034000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
18119000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
18203000 USD
CY2021Q2 peb Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
1127864000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1210347000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
955778000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
254569000 USD
us-gaap Interest Paid Net
InterestPaidNet
43373000 USD
us-gaap Interest Paid Net
InterestPaidNet
44184000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
1247000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
74000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
865000 USD
peb Debt Conversion Converted Instrument Discount Adjustment Amount
DebtConversionConvertedInstrumentDiscountAdjustmentAmount
113099000 USD
peb Debt Conversion Converted Instrument Discount Adjustment Amount
DebtConversionConvertedInstrumentDiscountAdjustmentAmount
0 USD
peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
292000 USD
peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
4405000 USD
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
4516000 USD
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD

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