$PEB
Pebblebrook Hotel Trust

2024 Q4 Form 10-Q Financial Statement

#000147409824000135 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 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 119.7M shares 120.5M shares 120.5M shares
Diluted Shares Outstanding 149.4M shares 149.7M shares

Balance Sheet

Concept 2024 Q4 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 Q4 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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dei City Area Code
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4747 Bethesda Avenue
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
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CY2024Q3 us-gaap Profit Loss
ProfitLoss
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CY2023Q3 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
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CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
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CY2024Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2024Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1334000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3094000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2024Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
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StockIssuedDuringPeriodValueShareBasedCompensation
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CY2024Q3 us-gaap Dividends Common Stock
DividendsCommonStock
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DividendsPreferredStock
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
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CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
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CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3320000 usd
CY2023Q3 us-gaap Dividends Common Stock
DividendsCommonStock
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DividendsPreferredStock
12152000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
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CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
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CY2023Q3 us-gaap Profit Loss
ProfitLoss
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CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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peb Share Value Issued For Board Of Trustees Compensation
ShareValueIssuedForBoardOfTrusteesCompensation
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us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
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us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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us-gaap Dividends Preferred Stock
DividendsPreferredStock
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
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us-gaap Profit Loss
ProfitLoss
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CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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peb Share Value Issued For Board Of Trustees Compensation
ShareValueIssuedForBoardOfTrusteesCompensation
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us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
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us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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us-gaap Dividends Common Stock
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us-gaap Dividends Preferred Stock
DividendsPreferredStock
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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us-gaap Profit Loss
ProfitLoss
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
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OtherDepreciationAndAmortization
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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peb Amortization Of Debt Issuance Costs Non Cash Interest And Other Amortization
AmortizationOfDebtIssuanceCostsNonCashInterestAndOtherAmortization
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peb Amortization Of Debt Issuance Costs Non Cash Interest And Other Amortization
AmortizationOfDebtIssuanceCostsNonCashInterestAndOtherAmortization
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us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
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us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
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us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
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us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
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us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4529000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
28619000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
12556000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
4615000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
205750000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
100862000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
140057000 usd
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
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us-gaap Proceeds From Insurance Settlement Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Payments Of Financing Costs
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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us-gaap Net Cash Provided By Used In Financing Activities
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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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139342000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
191611000 usd
CY2024Q3 us-gaap Number Of Real Estate Properties
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46 property
CY2024Q3 peb Number Of Guest Rooms
NumberOfGuestRooms
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us-gaap Use Of Estimates
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<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
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us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
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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
CY2024Q3 us-gaap Land
Land
810951000 usd
CY2023Q4 us-gaap Land
Land
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CY2024Q3 us-gaap Investment Building And Building Improvements
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5075632000 usd
CY2023Q4 us-gaap Investment Building And Building Improvements
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5005894000 usd
CY2024Q3 peb Furniture Fixtures And Equipment
FurnitureFixturesAndEquipment
531877000 usd
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FurnitureFixturesAndEquipment
511451000 usd
CY2024Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
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FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
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CY2024Q3 us-gaap Development In Process
DevelopmentInProcess
15826000 usd
CY2023Q4 us-gaap Development In Process
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CY2024Q3 peb Real Estate Investment Property Excluding Operating Lease Right Of Use Asset At Cost
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6525467000 usd
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RealEstateInvestmentPropertyExcludingOperatingLeaseRightOfUseAssetAtCost
6446282000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
353552000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
360761000 usd
CY2024Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6879019000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6807043000 usd
CY2024Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1478579000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1316267000 usd
CY2024Q3 us-gaap Real Estate Investment Property Net
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5400440000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
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5490776000 usd
CY2024Q3 us-gaap Operating Lease Liability
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CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
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CY2023Q4 us-gaap Operating Lease Liability
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320600000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
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CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2218520000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2329897000 usd
CY2024Q3 peb Debt Instrument Unamortized Discount Premium Net And Deferred Financing Costs Net
DebtInstrumentUnamortizedDiscountPremiumNetAndDeferredFinancingCostsNet
10806000 usd
CY2023Q4 peb Debt Instrument Unamortized Discount Premium Net And Deferred Financing Costs Net
DebtInstrumentUnamortizedDiscountPremiumNetAndDeferredFinancingCostsNet
10096000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
2207714000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2319801000 usd
CY2024Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
13700000 usd
CY2024Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
13700000 usd
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
13600000 usd
peb Debt Instrument Election Period Prior To Maturity Date
DebtInstrumentElectionPeriodPriorToMaturityDate
P2D
CY2024Q3 peb Debt Instrument Redemption Price To Principal Amount Percentage
DebtInstrumentRedemptionPriceToPrincipalAmountPercentage
1
CY2024Q3 us-gaap Amortization Of Financing Costs And Discounts
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1541000 usd
CY2023Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2755000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6149000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6486000 usd
CY2024Q3 peb Interest Expense Debt Other
InterestExpenseDebtOther
1083000 usd
CY2023Q3 peb Interest Expense Debt Other
InterestExpenseDebtOther
1022000 usd
peb Interest Expense Debt Other
InterestExpenseDebtOther
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peb Interest Expense Debt Other
InterestExpenseDebtOther
3142000 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
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CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
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us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
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us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
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CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
404530000 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
1115709000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1085861000 usd
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.01
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.01
CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.01
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
27600000 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
27600000 shares
CY2024Q3 peb Common Unit Redemption Rights Redemption Option Common Share Conversion Basis
CommonUnitRedemptionRightsRedemptionOptionCommonShareConversionBasis
1 shares
CY2023Q4 peb Common Unit Redemption Rights Redemption Option Common Share Conversion Basis
CommonUnitRedemptionRightsRedemptionOptionCommonShareConversionBasis
1 shares
CY2024Q3 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
994837 shares
CY2023Q4 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
858484 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1177236 shares
CY2024Q3 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
994837 shares
CY2023Q4 peb Long Term Incentive Partnership Units Outstanding
LongTermIncentivePartnershipUnitsOutstanding
858484 shares
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-32800000 usd
CY2024Q3 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-32800000 usd
CY2024Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7600000 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8700000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
33026000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-68130000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14349000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-68308000 usd
CY2024Q3 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
9000 usd
CY2023Q3 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
10000 usd
CY2024Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
247000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2024Q3 peb Net Income Loss Available To Common Stockholders Less Dividends Basic
NetIncomeLossAvailableToCommonStockholdersLessDividendsBasic
32770000 usd
CY2023Q3 peb Net Income Loss Available To Common Stockholders Less Dividends Basic
NetIncomeLossAvailableToCommonStockholdersLessDividendsBasic
-68140000 usd
peb Net Income Loss Available To Common Stockholders Less Dividends Basic
NetIncomeLossAvailableToCommonStockholdersLessDividendsBasic
14238000 usd
peb Net Income Loss Available To Common Stockholders Less Dividends Basic
NetIncomeLossAvailableToCommonStockholdersLessDividendsBasic
-68339000 usd
CY2024Q3 peb Interest On Convertible Debt Net Of Tax And Adjustments
InterestOnConvertibleDebtNetOfTaxAndAdjustments
3281000 usd
CY2023Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
36051000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-68140000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
14238000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-68339000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
119640463 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
120057744 shares
CY2024Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
270228 shares
CY2023Q3 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
CY2024Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
29441175 shares
CY2023Q3 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 Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
149351866 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120057744 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120367351 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
122394293 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.57
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.56
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.57
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.56
CY2024Q3 peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
11800000 usd
peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
31000000 usd
CY2023Q3 peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
11100000 usd
peb Combined Base And Incentive Management Fee Expense Reversal
CombinedBaseAndIncentiveManagementFeeExpenseReversal
29900000 usd
peb Reserve Funds As Percentage Of Hotel Revenues
ReserveFundsAsPercentageOfHotelRevenues
0.040
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10300000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9900000 usd
CY2024Q3 peb Fixed Lease Cost
FixedLeaseCost
4795000 usd
CY2023Q3 peb Fixed Lease Cost
FixedLeaseCost
4795000 usd
peb Fixed Lease Cost
FixedLeaseCost
14387000 usd
peb Fixed Lease Cost
FixedLeaseCost
14359000 usd
CY2024Q3 us-gaap Variable Lease Cost
VariableLeaseCost
6327000 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
6362000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
15390000 usd
CY2024Q3 us-gaap Lease Cost
LeaseCost
11122000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
11157000 usd
us-gaap Lease Cost
LeaseCost
29777000 usd
us-gaap Interest Paid Net
InterestPaidNet
76703000 usd
us-gaap Interest Paid Net
InterestPaidNet
74111000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
4710000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2043000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2612000 usd
peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
4500000 usd
peb Accrued Additions And Improvements To Hotel Properties
AccruedAdditionsAndImprovementsToHotelProperties
5526000 usd
peb Write Off Of Fully Amortized Debt Issuance Costs
WriteOffOfFullyAmortizedDebtIssuanceCosts
682000 usd
peb Write Off Of Fully Amortized Debt Issuance Costs
WriteOffOfFullyAmortizedDebtIssuanceCosts
630000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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