Every material Form 8-K Pebblebrook Hotel Trust filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Pebblebrook Hotel Trust reported third-quarter 2025 results, showing a $32.4 million net loss compared with $45.1 million of net income a year earlier. Adjusted EBITDAre fell 11.6% to $99.2 million, and the company trimmed the midpoint of its 2025 Adjusted EBITDAre outlook by $3.0 million, while the Adjusted FFO per diluted share midpoint was unchanged.
Q3 net loss of $32.4 million, versus net income of $45.1 million in Q3 2024; the quarter included a $46.5 million impairment charge
Q3 Adjusted EBITDAre of $99.2 million, down from $112.2 million; Adjusted FFO per diluted share of $0.51, down from $0.59
Total revenues of $398.7 million, down from $404.5 million a year earlier
2025 outlook: Adjusted EBITDAre of $332.5 million to $341.5 million, midpoint reduced by $3.0 million; Adjusted FFO per diluted share of $1.50 to $1.57, midpoint unchanged
Pebblebrook Hotel Trust closed a $400.0 million private offering of 1.625% convertible senior notes due January 15, 2030 on September 18, 2025. The company used the net proceeds, about $389.7 million, with about $4.1 million of cash on hand, to repurchase about $400.0 million of its 1.75% convertible notes due 2026, and it also repurchased about 4.3 million common shares, which could affect shareholders through potential dilution if the new notes convert.
$400.0 million of 1.625% convertible senior notes due January 15, 2030 closed on September 18, 2025, including the $50.0 million over-allotment option exercised in full
Net proceeds of about $389.7 million, plus about $4.1 million of cash on hand, were used to repurchase about $400.0 million of 1.75% notes due 2026
Initial conversion price of about $15.89 per share, a 37.5% premium to the $11.56 closing price on September 16, 2025; maximum of 25,165,160 common shares could be issued on conversion
About 4.3 million common shares were repurchased at $11.56 per share
Pebblebrook Hotel Trust reported results for the three months ended June 30, 2025, in a press release furnished as Exhibit 99.1. Second-quarter net income fell to $19.3 million from $32.2 million a year earlier, while total revenues rose to $407.5 million from $397.1 million. The company narrowed its full-year 2025 outlook, raising the midpoint of its adjusted EBITDAre range by $2.0 million, and will hold an earnings call on July 30, 2025.
Q2 2025 net income was $19.3 million versus $32.2 million in Q2 2024; diluted EPS was $0.06 versus $0.16.
Q2 2025 total revenues were $407.5 million versus $397.1 million; adjusted EBITDAre was $117.0 million versus $123.5 million.
2025 adjusted EBITDAre outlook is $332.5 million to $347.5 million, with the midpoint up $2.0 million; net loss outlook is ($26.5) million to ($12.0) million.
Q3 2025 adjusted FFO per diluted share outlook is $0.45 to $0.51.
At its May 23, 2025 annual meeting, Pebblebrook Hotel Trust shareholders approved an amendment to the 2009 Equity Incentive Plan. The amendment adds 3,000,000 common shares to the plan and extends the period for granting awards to June 30, 2036. Shareholders also elected seven trustees, ratified KPMG LLP as auditor, and approved executive pay in an advisory vote.
Plan amendment adds 3,000,000 common shares for equity awards, effective May 23, 2025
Award-granting period under the plan extended to June 30, 2036
Plan amendment approved with 104,409,145 votes for and 5,333,851 against
Say-on-pay advisory vote approved with 101,922,811 votes for and 7,819,667 against
Pebblebrook Hotel Trust reported a first-quarter 2025 net loss of $32.2 million, compared with a $27.5 million loss a year earlier. Same-Property Hotel EBITDA fell 8.6% to $62.3 million, and Adjusted FFO per diluted share dropped to $0.16 from $0.21, while the company cut the midpoint of its full-year outlook citing rising macroeconomic uncertainty.
Q1 2025 net loss of $32.2 million vs. $27.5 million in Q1 2024; total revenues rose to $320.3 million from $314.1 million
Same-Property Hotel EBITDA of $62.3 million vs. $68.1 million a year earlier; Adjusted FFO per diluted share of $0.16 vs. $0.21
Full-year 2025 Adjusted EBITDA re outlook of $327.5 million to $348.5 million, with the midpoint revised down $10.5 million
Full-year 2025 Adjusted FFO per diluted share outlook of $1.42 to $1.59, with the midpoint revised down $0.06
Pebblebrook Hotel Trust reported fourth-quarter and full-year 2024 results and issued 2025 guidance. Full-year adjusted FFO per diluted share rose 5.0% to $1.68, while fourth-quarter adjusted FFO per share slipped to $0.20 from $0.21. The 2025 adjusted FFO per share outlook of $1.50 to $1.62 is below 2024, and the company cites Los Angeles fire impacts.
Q4 2024 net loss was $49.8 million, versus $41.9 million a year earlier; full-year 2024 net income was $0.0 million, versus a $74.3 million loss in 2023.
Adjusted FFO per diluted share was $0.20 in Q4 2024 (vs. $0.21) and $1.68 for full-year 2024 (up 5.0% from $1.60).
2025 outlook: adjusted FFO per diluted share of $1.50 to $1.62 and adjusted EBITDAre of $341.5 million to $355.5 million, versus $359.2 million in 2024.
Los Angeles fires are estimated to reduce 2025 adjusted FFO by $0.07 per diluted share; Q1 2025 net loss outlook is $33.9 million to $29.9 million.
Pebblebrook's board approved 2025 compensation for its executive officers on February 7, 2025, with a structure substantially the same as 2024. Pay combines base salary, a cash bonus tied to 2025 objectives, and long-term equity awards, with 60% of equity subject to performance-based vesting over 2025-2027.
Jon E. Bortz's 2025 target cash incentive bonus is $1,390,000 on a base salary of $840,000; Raymond D. Martz and Thomas C. Fisher each have a $590,000 target bonus on a $560,000 base salary.
Time-based grants vest in one-third increments on January 1, 2026, 2027 and 2028; Bortz received 112,168 LTIP Units, and Martz and Fisher received 47,426 units each (Fisher's as Restricted Share Units).
Performance units cover a three-year period ending December 31, 2027, with 70% tied to relative TSR and 30% to absolute TSR.
Bonus objectives include Adjusted FFO per share (30% of target), completed dispositions (20%) and a hurricane recovery goal for LaPlaya (10%).
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Pebblebrook Hotel Trust filing is on SEC EDGAR ↗. 8-K briefs of other companies →