Pebblebrook Hotel Trust (PEB) financial statements
Pebblebrook Hotel Trust reported revenue of $1.5B in fiscal 2025, up 6.8% a year over 9 years.
Net income was -$66M and the operating margin 3.0%, against 22.0% in 2016.
Free cash flow was $152M, and the company returned $5M in dividends and $73M in net buybacks.
The diluted share count rose 62% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Pebblebrook Hotel Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $816M | $769M | $829M | $1.6B | $443M | $733M | $1.4B | $1.4B | $1.5B | $1.5B |
| Cost of revenue | $484M | $468M | $512M | $974M | $379M | $497M | $883M | $941M | $961M | $986M |
| Gross profit | $332M | $301M | $317M | $638M | $63M | $236M | $508M | $479M | $492M | $490M |
| Selling, general and admin | $28M | $20M | $21M | $34M | $45M | $38M | $39M | $45M | $48M | $49M |
| Operating income | $180M | $135M | $67M | $229M | -$293M | -$90M | $15M | $38M | $84M | $44M |
| Interest expense | $44M | $37M | $54M | $108M | $104M | $97M | $100M | $116M | $112M | $103M |
| Pre-tax income | $74M | $100M | $15M | $121M | -$396M | -$186M | -$85M | -$74M | -$26M | -$56M |
| Income tax | -$134,000 | $181,000 | $2M | $5M | -$4M | $61,000 | $277,000 | $655,000 | -$26M | $6M |
| Net income | $74M | $100M | $13M | $115M | -$392M | -$185M | -$87M | -$78M | -$4M | -$66M |
| EPS (diluted) | $0.64 | $1.19 | -$0.06 | $0.63 | -$3.25 | -$1.80 | -$0.95 | -$0.93 | -$0.39 | -$0.90 |
| Diluted shares | 72M | 70M | 74M | 131M | 131M | 131M | 130M | 122M | 120M | 117M |
| Gross margin | 40.7% | 39.2% | 38.2% | 39.6% | 14.3% | 32.3% | 36.5% | 33.7% | 33.9% | 33.2% |
| Operating margin | 22.0% | 17.6% | 8.1% | 14.2% | -66.1% | -12.2% | 1.1% | 2.7% | 5.8% | 3.0% |
| Net margin | 9.0% | 13.0% | 1.6% | 7.2% | -88.4% | -25.2% | -6.3% | -5.5% | -0.3% | -4.5% |
Balance sheet
Fiscal years, from Pebblebrook Hotel Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $33M | $25M | $83M | $30M | $124M | $59M | $41M | $184M | $207M | $184M |
| Total assets | $2.8B | $2.6B | $7.0B | $6.5B | $6.1B | $6.3B | $6.1B | $5.8B | $5.7B | $5.3B |
| Total liabilities | $1.2B | $1.1B | $3.2B | $2.9B | $2.8B | $3.1B | $3.0B | $3.0B | $2.9B | $2.8B |
| Shareholders' equity | $1.6B | $1.5B | $3.8B | $3.6B | $3.3B | $3.2B | $3.0B | $2.8B | $2.7B | $2.5B |
| Net debt | -$33M | -$25M | -$83M | -$30M | -$124M | -$59M | -$41M | -$184M | -$207M | -$184M |
Cash flow
Fiscal years, from Pebblebrook Hotel Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $240M | $194M | $136M | $395M | -$202M | $71M | $279M | $236M | $275M | $250M |
| Capital spending | $74,000 | $40,000 | $164,000 | $752,000 | $0 | — | — | $201M | $129M | $97M |
| Free cash flow | $240M | $194M | $136M | $394M | -$202M | — | — | $36M | $146M | $152M |
| Stock-based compensation | $8M | $6M | $6M | $8M | $23M | $11M | $11M | $13M | $14M | $14M |
| Dividends paid | $105M | $107M | $106M | $185M | $54M | $5M | $5M | $5M | $5M | $5M |
| Share buybacks (net) | -$2M | -$96M | -$3M | -$4M | -$1M | -$720,000 | -$71M | -$93M | -$17M | -$73M |
| Net borrowing | -$216M | -$72M | $1.7B | -$518M | $300M | -$124M | -$55M | -$71M | -$65M | -$111M |
| Free cash flow margin | 29.4% | 25.2% | 16.4% | 24.5% | -45.6% | — | — | 2.5% | 10.1% | 10.3% |
| Dividends per share | $1.46 | $1.53 | $1.42 | $1.41 | $0.41 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
Questions
What was Pebblebrook Hotel Trust's revenue in 2025?
$1.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Pebblebrook Hotel Trust generate?
$152M in fiscal 2025 (operating cash flow minus capital spending).
From Pebblebrook Hotel Trust's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.