$PEB
Pebblebrook Hotel Trust

2023 Q4 Form 10-Q Financial Statement

#000147409823000156 Filed on October 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $334.1M $395.8M
YoY Change 4.53% -5.01%
Cost Of Revenue $231.0M $249.8M
YoY Change 0.78% -0.7%
Gross Profit $103.1M $146.0M
YoY Change 14.03% -11.58%
Gross Profit Margin 30.86% 36.9%
Selling, General & Admin $45.27M $44.45M
YoY Change 20.62% -1.04%
% of Gross Profit 43.9% 30.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $61.05M $63.27M
YoY Change 2.02% 4.8%
% of Gross Profit 59.21% 43.32%
Operating Expenses $106.3M $107.7M
YoY Change 9.19% 2.31%
Operating Profit -$3.213M -$26.04M
YoY Change -53.8% -149.87%
Interest Expense -$27.66M $31.02M
YoY Change -5.37% 23.99%
% of Operating Profit
Other Income/Expense, Net $1.691M $1.403M
YoY Change 316.5% 1040.65%
Pretax Income -$42.13M -$55.66M
YoY Change 3.75% -303.74%
Income Tax -$198.0K $822.0K
% Of Pretax Income
Net Earnings -$44.97M -$57.14M
YoY Change 3.23% -327.95%
Net Earnings / Revenue -13.46% -14.44%
Basic Earnings Per Share -$0.57
Diluted Earnings Per Share -$0.37 -$0.57
COMMON SHARES
Basic Shares Outstanding 120.5M shares 120.5M shares
Diluted Shares Outstanding 120.1M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $183.7M $182.7M
YoY Change 347.73% -4.24%
Cash & Equivalents $183.7M $182.7M
Short-Term Investments
Other Short-Term Assets $96.64M $131.8M
YoY Change -16.88% 39.2%
Inventory
Prepaid Expenses
Receivables $43.91M $56.84M
Other Receivables $0.00 $0.00
Total Short-Term Assets $324.3M $371.3M
YoY Change 60.09% 5.43%
LONG-TERM ASSETS
Property, Plant & Equipment $5.491B $5.553B
YoY Change -6.54% -6.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.894M $74.40M
YoY Change -82.36% 284.07%
Total Long-Term Assets $5.501B $5.628B
YoY Change -7.26% -5.96%
TOTAL ASSETS
Total Short-Term Assets $324.3M $371.3M
Total Long-Term Assets $5.501B $5.628B
Total Assets $5.825B $5.999B
YoY Change -5.03% -5.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $238.6M $272.7M
YoY Change 14.81% 15.77%
Accrued Expenses $327.4M $288.6M
YoY Change 0.77% -12.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $654.8M $648.1M
YoY Change 5.85% -0.56%
LONG-TERM LIABILITIES
Long-Term Debt $2.320B $2.410B
YoY Change -4.53% -2.1%
Other Long-Term Liabilities $0.00 $1.647M
YoY Change -100.0%
Total Long-Term Liabilities $2.320B $2.411B
YoY Change -4.55% -2.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $654.8M $648.1M
Total Long-Term Liabilities $2.320B $2.411B
Total Liabilities $2.975B $3.059B
YoY Change -2.44% -1.72%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.202M $1.201M
YoY Change -4.83% -8.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.764B $2.849B
YoY Change
Total Liabilities & Shareholders Equity $5.825B $5.999B
YoY Change -5.03% -5.33%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$44.97M -$57.14M
YoY Change 3.23% -327.95%
Depreciation, Depletion And Amortization $61.05M $63.27M
YoY Change 2.02% 4.8%
Cash From Operating Activities $33.91M $82.06M
YoY Change 39.38% -26.59%
INVESTING ACTIVITIES
Capital Expenditures $60.58M $39.62M
YoY Change 25.25% -253.1%
Acquisitions
YoY Change
Other Investing Activities $106.3M $559.0K
YoY Change 1794.26% -99.68%
Cash From Investing Activities $45.75M -$39.06M
YoY Change -207.01% -126.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -77.63M -37.68M
YoY Change -44.32% -67.1%
NET CHANGE
Cash From Operating Activities 33.91M 82.06M
Cash From Investing Activities 45.75M -39.06M
Cash From Financing Activities -77.63M -37.68M
Net Change In Cash 2.030M 5.320M
YoY Change -101.29% -96.39%
FREE CASH FLOW
Cash From Operating Activities $33.91M $82.06M
Capital Expenditures $60.58M $39.62M
Free Cash Flow -$26.66M $42.44M
YoY Change 10.94% -69.17%

Facts In Submission

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http://fasb.org/us-gaap/2023#RealEstateInvestmentPropertyNet
CY2023Q3 us-gaap Finance Lease Liability Statement Of Financial Position Extensible List
FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
CY2022Q4 us-gaap Finance Lease Liability Statement Of Financial Position Extensible List
FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
us-gaap Debt Instrument Convertible Conversion Ratio1
DebtInstrumentConvertibleConversionRatio1
0.0392549
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
182665000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
41040000 usd
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
28600000 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
28600000 shares
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
120057744 shares
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
120057744 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
126345293 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
126345293 shares
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
45834000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
32739000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
52217000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
26305000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-56484000 usd
us-gaap Profit Loss
ProfitLoss
-32346000 usd
us-gaap Profit Loss
ProfitLoss
-45114000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3320000 usd
CY2023Q3 us-gaap Dividends Common Stock
DividendsCommonStock
1222000 usd
CY2023Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
12152000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
9897000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
8003000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2939468000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3192676000 usd
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-48000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3181000 usd
CY2022Q3 us-gaap Dividends Common Stock
DividendsCommonStock
1331000 usd
CY2022Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
12508000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
16487000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
1337000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
26305000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3223425000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3084543000 usd
peb Share Value Issued For Board Of Trustees Compensation
ShareValueIssuedForBoardOfTrusteesCompensation
754000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
92753000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
9231000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
3711000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
36455000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
30971000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
20766000 usd
us-gaap Profit Loss
ProfitLoss
-32346000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2939468000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3163905000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-123000 usd
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
78000000 usd
peb Share Value Issued For Board Of Trustees Compensation
ShareValueIssuedForBoardOfTrusteesCompensation
738000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1113000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
8155000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
3806000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
35842000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
53184000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-5441000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3223425000 usd
us-gaap Profit Loss
ProfitLoss
-32346000 usd
us-gaap Profit Loss
ProfitLoss
-45114000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
179598000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
179746000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
9231000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
8155000 usd
peb Amortization Of Debt Issuance Costs Non Cash Interest And Other Amortization
AmortizationOfDebtIssuanceCostsNonCashInterestAndOtherAmortization
9578000 usd
peb Amortization Of Debt Issuance Costs Non Cash Interest And Other Amortization
AmortizationOfDebtIssuanceCostsNonCashInterestAndOtherAmortization
9961000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
30219000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
6194000 usd
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
71416000 usd
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
86119000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
7426000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
7467000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
7348000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
3914000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12087000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
29243000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
26200000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5297000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
28619000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
50280000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
4615000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2447000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
202283000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
254413000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
68266000 usd
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
14361000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2414000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
111000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
96274000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-66632000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
123000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2423000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
96000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
180000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
180000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
140000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
162988000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
27740000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
92753000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1113000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3756000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3968000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
36455000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
34859000 usd
peb Repayments Of Membership Deposits
RepaymentsOfMembershipDeposits
840000 usd
peb Repayments Of Membership Deposits
RepaymentsOfMembershipDeposits
2008000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-159215000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-69907000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
139342000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
117874000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52269000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
92247000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
191611000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
210121000 usd
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
47 property
CY2023Q3 peb Number Of Guest Rooms
NumberOfGuestRooms
12142 hotelroom
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:18pt"><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
232250000 usd
CY2022 peb Sale Of Real Estate Held For Investment Consideration Received
SaleOfRealEstateHeldForInvestmentConsiderationReceived
260900000 usd
CY2023Q3 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
900000 usd
us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
-800000 usd
CY2022Q3 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
1900000 usd
us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
-3400000 usd
us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
68500000 usd
CY2023Q3 us-gaap Land
Land
824872000 usd
CY2022Q4 us-gaap Land
Land
897756000 usd
CY2023Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
5008765000 usd
CY2022Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
5170976000 usd
CY2023Q3 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
512746000 usd
CY2022Q4 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
504518000 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
91181000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
91181000 usd
CY2023Q3 us-gaap Development In Process
DevelopmentInProcess
19249000 usd
CY2022Q4 us-gaap Development In Process
DevelopmentInProcess
11961000 usd
CY2023Q3 peb Real Estate Investment Property Excluding Operating Lease Right Of Use Asset At Cost
RealEstateInvestmentPropertyExcludingOperatingLeaseRightOfUseAssetAtCost
6456813000 usd
CY2022Q4 peb Real Estate Investment Property Excluding Operating Lease Right Of Use Asset At Cost
RealEstateInvestmentPropertyExcludingOperatingLeaseRightOfUseAssetAtCost
6676392000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
363165000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
370383000 usd
CY2023Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6819978000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
7046775000 usd
CY2023Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1266856000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1171899000 usd
CY2023Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5553122000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5874876000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
320600000 usd
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
43200000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
320400000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
42700000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2377997000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2400985000 usd
CY2023Q3 peb Debt Instrument Unamortized Discount Premium Net And Deferred Financing Costs Net
DebtInstrumentUnamortizedDiscountPremiumNetAndDeferredFinancingCostsNet
11052000 usd
CY2022Q4 peb Debt Instrument Unamortized Discount Premium Net And Deferred Financing Costs Net
DebtInstrumentUnamortizedDiscountPremiumNetAndDeferredFinancingCostsNet
13692000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
2366945000 usd
CY2023Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
12600000 usd
CY2023Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
12600000 usd
peb Debt Instrument Election Period Prior To Maturity Date
DebtInstrumentElectionPeriodPriorToMaturityDate
P2D
CY2023Q3 peb Debt Instrument Redemption Price To Principal Amount Percentage
DebtInstrumentRedemptionPriceToPrincipalAmountPercentage
1
CY2022Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2145000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6486000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6594000 usd
CY2022Q3 peb Interest Expense Debt Other
InterestExpenseDebtOther
1038000 usd
peb Interest Expense Debt Other
InterestExpenseDebtOther
3142000 usd
peb Interest Expense Debt Other
InterestExpenseDebtOther
2174000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
25020000 usd
us-gaap Interest Expense
InterestExpense
87996000 usd
us-gaap Interest Expense
InterestExpense
70753000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
395799000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1085861000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1072285000 usd
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
28600000 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
28600000 shares
CY2023Q3 peb Common Unit Redemption Rights Redemption Option Common Share Conversion Basis
CommonUnitRedemptionRightsRedemptionOptionCommonShareConversionBasis
1 shares
CY2023Q3 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
858484 shares
CY2022Q4 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
727208 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1498820 shares
CY2023Q3 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
858484 shares
CY2022Q4 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
727208 shares
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-68308000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-80504000 usd
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
31000 usd
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
34000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2023Q3 peb Net Income Loss Available To Common Stockholders Less Dividends And Undistributed Earnings
NetIncomeLossAvailableToCommonStockholdersLessDividendsAndUndistributedEarnings
-68140000 usd
CY2022Q3 peb Net Income Loss Available To Common Stockholders Less Dividends And Undistributed Earnings
NetIncomeLossAvailableToCommonStockholdersLessDividendsAndUndistributedEarnings
13603000 usd
peb Net Income Loss Available To Common Stockholders Less Dividends And Undistributed Earnings
NetIncomeLossAvailableToCommonStockholdersLessDividendsAndUndistributedEarnings
-68339000 usd
peb Net Income Loss Available To Common Stockholders Less Dividends And Undistributed Earnings
NetIncomeLossAvailableToCommonStockholdersLessDividendsAndUndistributedEarnings
-80538000 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-68339000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-80538000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122394293 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130904772 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
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
122394293 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130904772 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.56
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.62
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.56
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.62
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2303000 usd
peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
5526000 usd
peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
9303000 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
1005000 usd
peb Write Off Of Fully Amortized Debt Issuance Costs
WriteOffOfFullyAmortizedDebtIssuanceCosts
630000 usd
peb Write Off Of Fully Amortized Debt Issuance Costs
WriteOffOfFullyAmortizedDebtIssuanceCosts
5878000 usd
peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
29900000 usd
CY2022Q3 peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
11800000 usd
peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
31600000 usd
peb Reserve Funds As Percentage Of Hotel Revenues
ReserveFundsAsPercentageOfHotelRevenues
0.040
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8900000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
11200000 usd
CY2022Q3 peb Fixed Lease Cost
FixedLeaseCost
4769000 usd
peb Fixed Lease Cost
FixedLeaseCost
14359000 usd
peb Fixed Lease Cost
FixedLeaseCost
13786000 usd
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
6049000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
15481000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
14517000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
10818000 usd
us-gaap Lease Cost
LeaseCost
29840000 usd
us-gaap Lease Cost
LeaseCost
28303000 usd
us-gaap Interest Paid Net
InterestPaidNet
74111000 usd
us-gaap Interest Paid Net
InterestPaidNet
58043000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
1434000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2612000 usd
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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0001474098-23-000156-index-headers.html Edgar Link pending
0001474098-23-000156-index.html Edgar Link pending
0001474098-23-000156.txt Edgar Link pending
0001474098-23-000156-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
peb-20230930.htm Edgar Link pending
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peb-20230930ex311.htm Edgar Link pending
peb-20230930ex312.htm Edgar Link pending
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peb-20230930_cal.xml Edgar Link unprocessable
peb-20230930_def.xml Edgar Link unprocessable
peb-20230930_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
peb-20230930_pre.xml Edgar Link unprocessable
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