Welcome to our dedicated page for Pebblebrok Hotel SEC filings (Ticker: PEB), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Pebblebrook Hotel Trust filings document the REIT's hotel portfolio, operating results, REIT distribution practices, and capital structure, including common shares and Series E, F, G and H cumulative redeemable preferred shares listed on the NYSE. Form 8-K reports furnish earnings releases, dividend declarations, tax and Regulation FD disclosures, and material financing agreements.
Proxy and governance filings cover trustee elections, board committee assignments, executive compensation and equity incentive arrangements. Credit agreement amendments and other financing disclosures describe the operating partnership's role as borrower, parent guarantees, subsidiary guarantors, revolving credit capacity, term loans and related risk factors.
Pebblebrook Hotel Trust reported a 2025 net loss of $62.2 million, driven by $48.9 million of impairment charges from hotel sales, while generating Same-Property Hotel EBITDA of $348.2 million. Adjusted EBITDA re was $342.5 million and Adjusted FFO per diluted share was $1.58, both modestly above the company’s outlook midpoints.
Fourth-quarter trends improved, with Same-Property Hotel EBITDA up 3.9% to $64.6 million and Adjusted FFO per diluted share up 35.0% to $0.27, helped by prior share repurchases. The company invested $74.6 million in 2025 capital projects, completed $116.3 million of hotel dispositions, and used $100 million of proceeds to reduce debt.
As of December 31, 2025, Pebblebrook held $196.2 million in cash and posted net debt to trailing 12‑month corporate EBITDA of 5.9x. For 2026, it guides to Adjusted EBITDA re of $325–339 million, Adjusted FFO per diluted share of $1.50–1.62, Same‑Property Total RevPAR growth of 2.25–4.25%, and free cash flow of $104–108 million.
Pebblebrook Hotel Trust files its annual report describing a focused strategy as an upper-upscale hotel and resort REIT. As of December 31, 2025, it owned interests in 44 hotels with 11,052 rooms, concentrated in major U.S. gateway and leisure markets.
The company operates through Pebblebrook Hotel, L.P., where it holds 99.0% of common units, and leases hotels to a taxable REIT subsidiary that engages third‑party managers. Pebblebrook highlights acquisition, redevelopment, and intensive asset management as key value drivers, and notes 52 full‑time employees at the corporate level.
The report outlines extensive risk factors, including lodging cyclicality, dependence on third‑party managers, refinancing and covenant risks, environmental and climate exposures, cybersecurity and evolving AI, union and labor issues, and the need to maintain REIT qualification while distributing at least 90% of REIT taxable income.
T. Rowe Price Investment Management, Inc. filed an amended Schedule 13G reporting beneficial ownership of 7,303,706 shares of Pebblebrook Hotel Trust, representing 6.4% of the REIT’s outstanding class. The firm reports sole voting power over 7,260,442 shares and sole dispositive power over 7,303,706 shares.
The filer certifies the securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Pebblebrook Hotel Trust, nor in connection with any control-related transaction, other than activities solely in connection with a nomination under Rule 14a-11.
T. Rowe Price Investment Management, Inc. reports beneficial ownership of 7,303,706 Pebblebrook Hotel Trust shares, representing 6.4% of the REIT’s outstanding securities.
The firm has sole voting power over 7,260,442 shares and sole dispositive power over 7,303,706 shares, with no shared voting or dispositive power. It certifies the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Pebblebrook Hotel Trust, and expressly denies being the beneficial owner of the securities.
T. Rowe Price Associates, Inc. has reported beneficial ownership of 6,180,800 shares of Pebblebrook Hotel Trust, representing 5.4% of the REIT’s outstanding class as of 12/31/2025. The firm reports sole voting power over 6,167,541 shares and sole dispositive power over 6,180,800 shares, with no shared voting or dispositive power.
T. Rowe Price states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Pebblebrook Hotel Trust. The filer also expressly denies being the beneficial owner of the securities referenced.
Pebblebrook Hotel Trust reported a significant shareholder on its register. T. Rowe Price Associates, Inc. filed a Schedule 13G showing beneficial ownership of 6,180,800 shares of Pebblebrook Hotel Trust as of 12/31/2025, representing 5.4% of the REIT’s outstanding class.
T. Rowe Price Associates reported sole power to vote 6,167,541 shares and sole power to dispose of 6,180,800 shares, with no shared voting or dispositive power. The firm states the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Pebblebrook Hotel Trust, and it expressly denies beneficial ownership beyond what is required to be reported.
Pebblebrook Hotel Trust reported that institutional investor T. Rowe Price Associates, Inc. beneficially owns 6,180,800 shares of its REIT securities, representing 5.4% of the class as of 12/31/2025. T. Rowe Price has sole voting power over 6,167,541 shares and sole dispositive power over 6,180,800 shares, with no shared voting or dispositive authority.
The stake is held in the ordinary course of business, and T. Rowe Price states it did not acquire the shares to change or influence control of Pebblebrook Hotel Trust and expressly denies being the beneficial owner beyond its advisory role.
Pebblebrook Hotel Trust refinanced key borrowings to push out debt maturities and preserve liquidity. The company entered a Fourth Amendment to its credit agreement, extending a $360 million term loan (Term Loan A-3) maturity from October 2027 to February 2031 and adding an optional $90 million delayed-draw feature available through December 15, 2026.
The amendment also extended the initial maturity of the $650 million senior unsecured revolving credit facility so the full capacity now runs to October 13, 2028, with two six‑month extension options that can move final maturity to October 13, 2029. Pricing grids over SOFR were unchanged.
According to the accompanying press release, Pebblebrook closed a new $450 million senior unsecured term loan (funded $360 million at closing plus the $90 million delayed draw), fully repaid the Margaritaville Hollywood Beach Resort mortgage originally due in 2026 using $40 million of cash, and confirmed the $650 million revolver remains undrawn. After this financing, about 89% of total debt and convertible notes are effectively fixed rate, about 98% are unsecured, the weighted average interest rate is about 4.4%, and cash, cash equivalents and restricted cash totaled approximately $150 million as of February 11, 2026. The company states that the delayed‑draw term loan capacity, together with cash and expected 2026 free cash flow, is expected to provide a fully funded path to address the remaining $350 million principal amount of its 1.75% Convertible Senior Notes due December 2026.
Pebblebrook Hotel Trust officer Thomas Charles Fisher reported an equity award of 56,218 time-vesting restricted common shares on February 5, 2026. These shares were granted at $0 under the company’s 2009 Equity Incentive Plan and lift his directly owned common shares to 325,163.
The award vests in three tranches of 18,740, 18,739, and 18,739 shares on January 1, 2027, January 1, 2028, and January 1, 2029, subject to continued employment. Fisher also directly holds 9,469 LTIP Class A Units and 250,852 LTIP Class B Units, which are fully vested, aligned in value with operating partnership units, and exchangeable one-for-one into operating partnership units or an equivalent amount of cash with no expiration.
Pebblebrook Hotel Trust officer Raymond D. Martz, Co-President, CFO, Treasurer and Secretary, received an award of 56,218 LTIP Class B Units on February 5, 2026 at a price of $0 under the company’s 2009 Equity Incentive Plan.
These LTIP Class B Units are restricted partnership units in Pebblebrook Hotel, L.P. that can later be exchanged one-for-one for common units or an equivalent amount of cash once they achieve parity, and have no expiration date. Tranches of 18,740, 18,739, and 18,739 units will vest on January 1, 2027, January 1, 2028, and January 1, 2029, subject to continued employment. After this grant, Martz directly holds 434,197 LTIP Class B Units and 254,952 common shares.