Pebblebrook Hotel Trust (PEB) Financial Statements (2024 and earlier)

Company Profile

Business Address 4747 BETHESDA AVENUE
BETHESDA, MD 20814
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments41,04058,518124,27430,09883,36625,410
Cash and cash equivalents41,04058,518124,27430,09883,36625,410
Total current assets:41,04058,518124,27430,09883,36625,410
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    134,063
Operating lease, right-of-use asset370,383378,939320,564335,272
Property, plant and equipment897,756926,330973,8481,042,1981,148,862460,601
Intangible assets, net (including goodwill)     199,74529,037
Intangible assets, net (excluding goodwill)     199,74529,037
Total noncurrent assets:1,268,1391,305,2691,294,4121,511,5331,348,607489,638
Other undisclosed assets4,824,3614,897,4034,657,6804,956,9245,546,3752,075,820
TOTAL ASSETS:6,133,5406,261,1906,076,3666,498,5556,978,3482,590,868
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities3,048,9973,097,2852,812,0402,866,6193,208,4181,087,342
Total liabilities:3,048,9973,097,2852,812,0402,866,6193,208,4181,087,342
Equity
Equity, attributable to parent, including:2,996,5153,156,1813,257,3373,621,2083,759,8351,498,901
Preferred stock286296204204204100
Common stock1,2631,3081,3071,3051,303688
Additional paid in capital4,182,3594,268,0424,169,8704,069,4104,065,8041,685,437
Accumulated other comprehensive income (loss)35,724(19,442)(60,071)(24,715)1,3303,689
Accumulated deficit     (308,806)(191,013)
Other undisclosed equity, attributable to parent(1,223,117)(1,094,023)(853,973)(424,996)  
Equity, attributable to noncontrolling interest88,0287,7246,98910,72810,0954,625
Total equity:3,084,5433,163,9053,264,3263,631,9363,769,9301,503,526
TOTAL LIABILITIES AND EQUITY:6,133,5406,261,1906,076,3666,498,5556,978,3482,590,868

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,391,891733,044442,8881,612,213828,678769,317
Revenue, net769,317
Cost of revenue(1,247,670)(769,713)(605,339)(1,340,145)(553,670)(502,339)
Cost of goods and services sold(1,123,057)(720,831)(603,986)(1,209,048)(511,834)(467,973)
Gross profit:144,221(36,669)(162,451)272,068275,008266,978
Operating expenses(129,499)(53,122)(130,258)(42,726)(208,036)(146,475)
Other operating expense, net(4,673)(1,936)(4,421)(8,903)  
Other undisclosed operating income4,6731,9364,4218,903  
Operating income (loss):14,722(89,791)(292,709)229,34266,972120,503
Nonoperating income562113517292,0782,362
Other nonoperating income562113517291,9002,265
Interest and debt expense(99,988)(96,633)(104,098)(108,474)(53,923)(37,299)
Income (loss) from continuing operations before equity method investments, income taxes:(84,704)(186,311)(396,290)120,89715,12785,566
Other undisclosed income from continuing operations before income taxes      14,877
Income (loss) from continuing operations before income taxes:(84,704)(186,311)(396,290)120,89715,127100,443
Income tax expense (benefit)(277)(61)3,697(5,172)(1,742)(181)
Income (loss) from continuing operations:(84,981)(186,372)(392,593)115,72513,385100,262
Income (loss) before gain (loss) on sale of properties:(186,372)(392,593)115,72513,385100,262
Net income (loss):(84,981)(186,372)(392,593)115,72513,385100,262
Net income (loss) attributable to noncontrolling interest(2,190)1,514864(283)8(374)
Net income (loss) attributable to parent:(87,171)(184,858)(391,729)115,44213,39399,888
Preferred stock dividends and other adjustments(36,888)(50,160)(32,556)(32,556)(17,466)(16,094)
Net income (loss) available to common stockholders, basic:(124,059)(235,018)(424,285)82,886(4,073)83,794
Interest on convertible debt      
Other undisclosed net loss available to common stockholders, diluted      
Net income (loss) available to common stockholders, diluted:(124,059)(235,018)(424,285)82,886(4,073)83,794

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(84,981)(186,372)(392,593)115,72513,385100,262
Other undisclosed comprehensive income (loss)55,53140,499(35,356)(26,045)(2,907)6,001
Comprehensive income (loss):(29,450)(145,873)(427,949)89,68010,478106,263
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2,555)1,251934(209)16(395)
Comprehensive income (loss), net of tax, attributable to parent:(32,005)(144,622)(427,015)89,47110,494105,868

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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