$PEB
Pebblebrook Hotel Trust

2024 Q3 Form 10-Q Financial Statement

#000147409824000101 Filed on July 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $404.5M $397.1M
YoY Change 2.21% 3.32%
Cost Of Revenue $257.0M $247.7M
YoY Change 2.91% 0.66%
Gross Profit $147.5M $149.5M
YoY Change 1.0% 8.05%
Gross Profit Margin 36.46% 37.64%
Selling, General & Admin $47.09M $36.95M
YoY Change 5.93% -9.38%
% of Gross Profit 31.92% 24.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $57.55M $57.30M
YoY Change -9.05% -1.14%
% of Gross Profit 39.01% 38.34%
Operating Expenses $104.6M $94.24M
YoY Change -2.87% -4.54%
Operating Profit $47.06M $60.97M
YoY Change -280.72% 54.03%
Interest Expense -$27.93M -$27.94M
YoY Change -190.02% -5.43%
% of Operating Profit -59.33% -45.82%
Other Income/Expense, Net $793.0K $217.0K
YoY Change -43.48% -77.21%
Pretax Income $19.93M $33.25M
YoY Change -135.81% -28.05%
Income Tax -$25.21M $1.010M
% Of Pretax Income -126.5% 3.04%
Net Earnings $43.66M $30.94M
YoY Change -176.4% -7.52%
Net Earnings / Revenue 10.79% 7.79%
Basic Earnings Per Share $0.27 $0.17
Diluted Earnings Per Share $0.24 $0.16
COMMON SHARES
Basic Shares Outstanding 120.5M shares 120.5M shares
Diluted Shares Outstanding 149.4M shares 149.7M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $134.0M $101.7M
YoY Change -26.66% -42.07%
Cash & Equivalents $134.0M $101.7M
Short-Term Investments
Other Short-Term Assets $116.8M $86.72M
YoY Change -11.35% -28.44%
Inventory
Prepaid Expenses
Receivables $61.04M $63.56M
Other Receivables $0.00 $0.00
Total Short-Term Assets $311.8M $252.0M
YoY Change -16.01% -27.66%
LONG-TERM ASSETS
Property, Plant & Equipment $5.400B $5.443B
YoY Change -2.75% -4.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.29M $9.489M
YoY Change -86.17% -11.65%
Total Long-Term Assets $5.411B $5.452B
YoY Change -3.85% -4.76%
TOTAL ASSETS
Total Short-Term Assets $311.8M $252.0M
Total Long-Term Assets $5.411B $5.452B
Total Assets $5.723B $5.704B
YoY Change -4.61% -6.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $243.9M $238.4M
YoY Change -10.57% 10.66%
Accrued Expenses $286.5M $327.3M
YoY Change -0.72% -0.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $629.2M $662.7M
YoY Change -2.92% 3.95%
LONG-TERM LIABILITIES
Long-Term Debt $2.252B $2.207B
YoY Change -6.56% -9.23%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.252B $2.207B
YoY Change -6.63% -9.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $629.2M $662.7M
Total Long-Term Liabilities $2.252B $2.207B
Total Liabilities $2.881B $2.870B
YoY Change -5.84% -9.15%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.193M $1.201M
YoY Change -0.67% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.752B $2.746B
YoY Change
Total Liabilities & Shareholders Equity $5.723B $5.704B
YoY Change -4.61% -6.08%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $43.66M $30.94M
YoY Change -176.4% -7.52%
Depreciation, Depletion And Amortization $57.55M $57.30M
YoY Change -9.05% -1.14%
Cash From Operating Activities $76.08M $83.67M
YoY Change -7.29% 13.08%
INVESTING ACTIVITIES
Capital Expenditures $18.19M $33.19M
YoY Change -54.09% -49.23%
Acquisitions
YoY Change
Other Investing Activities $26.00K $10.00M
YoY Change -95.35% -89.53%
Cash From Investing Activities -$18.16M -$23.19M
YoY Change -53.5% -176.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -24.84M -14.28M
YoY Change -34.08% -77.84%
NET CHANGE
Cash From Operating Activities 76.08M 83.67M
Cash From Investing Activities -18.16M -23.19M
Cash From Financing Activities -24.84M -14.28M
Net Change In Cash 33.08M 46.20M
YoY Change 521.79% 16.26%
FREE CASH FLOW
Cash From Operating Activities $76.08M $83.67M
Capital Expenditures $18.19M $33.19M
Free Cash Flow $57.89M $50.48M
YoY Change 36.41% 485.54%

Facts In Submission

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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
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us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
21529000 usd
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ProceedsFromInsuranceSettlementInvestingActivities
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
560000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2760000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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us-gaap Repayments Of Long Term Debt
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments Of Dividends Common Stock
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2444000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
23591000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
193641000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
186291000 usd
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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>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Risks and Uncertainties</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 state of the overall economy can significantly impact hotel operational performance and thus the Company's financial position. Global events as well as national and local events may impact travel trends and the operations of the Company's hotels. In addition, inflation and interest rates may also impact the overall economy as well as the availability of debt. A decline in travel or a significant increase in costs may impact the Company's cash flow and ability to service debt or meet other financial obligations.</span></div>
peb Number Of Acquired Properties
NumberOfAcquiredProperties
0 property
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NumberOfPropertiesDisposedOf
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CY2024Q1 peb Sale Of Real Estate Held For Investment Consideration Received
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IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
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us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
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CY2024Q2 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
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us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
0 usd
CY2024Q2 us-gaap Land
Land
810789000 usd
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Land
810633000 usd
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InvestmentBuildingAndBuildingImprovements
5070893000 usd
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5005894000 usd
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FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
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FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
91181000 usd
CY2024Q2 us-gaap Development In Process
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16865000 usd
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27123000 usd
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RealEstateInvestmentPropertyExcludingOperatingLeaseRightOfUseAssetAtCost
6517093000 usd
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RealEstateInvestmentPropertyExcludingOperatingLeaseRightOfUseAssetAtCost
6446282000 usd
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RealEstateInvestmentPropertyAtCost
6873047000 usd
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RealEstateInvestmentPropertyAtCost
6807043000 usd
CY2024Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1430144000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1316267000 usd
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CY2024Q2 us-gaap Operating Lease Liability
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FinanceLeaseLiability
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OperatingLeaseLiability
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CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
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CY2024Q2 us-gaap Debt Instrument Carrying Amount
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2219038000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2329897000 usd
CY2024Q2 peb Debt Instrument Unamortized Discount Premium Net And Deferred Financing Costs Net
DebtInstrumentUnamortizedDiscountPremiumNetAndDeferredFinancingCostsNet
11837000 usd
CY2023Q4 peb Debt Instrument Unamortized Discount Premium Net And Deferred Financing Costs Net
DebtInstrumentUnamortizedDiscountPremiumNetAndDeferredFinancingCostsNet
10096000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
2207201000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2319801000 usd
CY2024Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
13700000 usd
CY2024Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
13700000 usd
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
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peb Debt Instrument Election Period Prior To Maturity Date
DebtInstrumentElectionPeriodPriorToMaturityDate
P2D
CY2024Q2 peb Debt Instrument Redemption Price To Principal Amount Percentage
DebtInstrumentRedemptionPriceToPrincipalAmountPercentage
1
CY2024Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1537000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1880000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4608000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3731000 usd
CY2024Q2 peb Interest Expense Debt Other
InterestExpenseDebtOther
161000 usd
CY2023Q2 peb Interest Expense Debt Other
InterestExpenseDebtOther
1065000 usd
peb Interest Expense Debt Other
InterestExpenseDebtOther
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peb Interest Expense Debt Other
InterestExpenseDebtOther
2120000 usd
CY2024Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
27939000 usd
CY2023Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
29544000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
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us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
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CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
397110000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
384343000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
711179000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
690062000 usd
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
27600000 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
27600000 shares
CY2024Q2 peb Common Unit Redemption Rights Redemption Option Common Share Conversion Basis
CommonUnitRedemptionRightsRedemptionOptionCommonShareConversionBasis
1 shares
CY2024Q2 peb Common Unit Redemption Rights Redemption Option Common Share Conversion Basis
CommonUnitRedemptionRightsRedemptionOptionCommonShareConversionBasis
1 shares
CY2024Q2 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
994837 shares
CY2023Q4 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
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CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1176163 shares
CY2024Q2 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
994837 shares
CY2023Q4 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
858484 shares
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20304000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
33738000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-18677000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-178000 usd
CY2024Q2 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
10000 usd
CY2023Q2 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
10000 usd
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
19000 usd
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
21000 usd
CY2024Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
147000 usd
CY2023Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
276000 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
CY2024Q2 peb Net Income Loss Available To Common Stockholders Less Dividends Basic
NetIncomeLossAvailableToCommonStockholdersLessDividendsBasic
20147000 usd
CY2023Q2 peb Net Income Loss Available To Common Stockholders Less Dividends Basic
NetIncomeLossAvailableToCommonStockholdersLessDividendsBasic
33452000 usd
peb Net Income Loss Available To Common Stockholders Less Dividends Basic
NetIncomeLossAvailableToCommonStockholdersLessDividendsBasic
-18696000 usd
peb Net Income Loss Available To Common Stockholders Less Dividends Basic
NetIncomeLossAvailableToCommonStockholdersLessDividendsBasic
-199000 usd
CY2024Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
3281000 usd
CY2023Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
3281000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
23428000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
36733000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-18696000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-199000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
120094380 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
121696400 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
120089803 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123581926 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
209309 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
101380 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
CY2024Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
29441175 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
29441175 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
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
149744864 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
151238955 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120089803 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
123581926 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2024Q2 peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
11200000 usd
peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
19200000 usd
CY2023Q2 peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
10800000 usd
peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
18800000 usd
peb Reserve Funds As Percentage Of Hotel Revenues
ReserveFundsAsPercentageOfHotelRevenues
0.040
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9500000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9900000 usd
CY2024Q2 peb Fixed Lease Cost
FixedLeaseCost
4796000 usd
CY2023Q2 peb Fixed Lease Cost
FixedLeaseCost
4782000 usd
peb Fixed Lease Cost
FixedLeaseCost
9592000 usd
peb Fixed Lease Cost
FixedLeaseCost
9564000 usd
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
5057000 usd
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
5252000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
9063000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
9119000 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
9853000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
10034000 usd
us-gaap Lease Cost
LeaseCost
18655000 usd
us-gaap Lease Cost
LeaseCost
18683000 usd
us-gaap Interest Paid Net
InterestPaidNet
53709000 usd
us-gaap Interest Paid Net
InterestPaidNet
48852000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
4708000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
370000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2723000 usd
peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
6126000 usd
peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
8695000 usd
peb Write Off Of Fully Amortized Debt Issuance Costs
WriteOffOfFullyAmortizedDebtIssuanceCosts
682000 usd
peb Write Off Of Fully Amortized Debt Issuance Costs
WriteOffOfFullyAmortizedDebtIssuanceCosts
64000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
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CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
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CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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