Every material Form 8-K Pebblebrook Hotel Trust filed with the SEC in 2026, 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 a third-quarter 2026 net loss of $54.6 million, compared with a $32.4 million loss a year earlier, after $77.3 million of non-cash impairment charges. Adjusted FFO per diluted share rose to $0.63 from $0.51, and the company raised its full-year Adjusted EBITDAre outlook by $16.3 million at the midpoint, while its full-year net loss outlook changed to ($60.5) to ($56.5) million.
Q3 Same-Property RevPAR rose 8.3% and Same-Property Total Revenues rose 6.9% to $400.6 million.
Q3 Adjusted FFO per diluted share was $0.63 versus $0.51 a year earlier; Adjusted EBITDAre was $107.9 million.
Full-year 2026 Adjusted EBITDAre outlook is $363.3 million to $367.3 million, and Adjusted FFO per diluted share outlook is $1.88 to $1.92.
The company sold The Hotel Zags in Portland for $10.0 million on October 8, 2026, and repurchased 1.2 million common shares for $20.9 million in Q3.
Pebblebrook Hotel Trust said Bill Bayless joined its Board of Trustees on October 1, 2026, increasing the board from seven to eight members. Bayless is CEO of Maslow Campus Communities and co-founded American Campus Communities, and he will receive the same trustee fees and a $50,000 share award as the company's other independent trustees.
Bayless joined the board on October 1, 2026; the board was previously elected to appoint him on February 5, 2026, and he will serve until the 2027 annual meeting.
He received a one-time $50,000 award in common shares, vesting in one-third increments annually over three years.
The company entered into an indemnification agreement with Bayless on October 1, 2026, on the same terms as its other trustees and executive officers.
Bayless has been involved in nearly $30 billion in real estate transactions over his career of more than 35 years.
Pebblebrook Hotel Trust reported second-quarter 2026 net income of $24.9 million, up from $19.3 million a year earlier, and adjusted FFO per diluted share of $0.68, up from $0.65. Adjusted EBITDAre was $116.2 million, down 0.7% from $117.0 million, and the company raised its full-year 2026 adjusted EBITDAre and adjusted FFO per share outlook. The company also authorized a new preferred share repurchase program of up to $50.0 million.
Q2 2026 net income was $24.9 million, up 29.2% from $19.3 million in Q2 2025; adjusted EBITDAre was $116.2 million, down 0.7%.
2026 adjusted EBITDAre outlook is $345.0 million to $353.0 million, with the midpoint raised by $8.5 million.
2026 adjusted FFO per diluted share outlook is $1.69 to $1.76, with the midpoint raised by $0.08.
On July 24, 2026, the board authorized a new preferred share repurchase program of up to $50.0 million; $45.6 million remains under the current $100.0 million program.
At its May 29, 2026 annual meeting, Pebblebrook shareholders elected all seven trustee nominees, ratified KPMG LLP as auditor, and approved an amendment letting shareholders remove a trustee without cause. Trustee Ron E. Jackson retired from the board at the meeting, reducing the board to seven trustees.
Shareholders approved an amendment to the declaration of trust allowing removal of a trustee without cause; 103,146,732 votes for against 202,008 votes against.
Say-on-pay advisory vote passed with 93,732,941 votes for and 9,616,289 against.
Ron E. Jackson's retirement took effect May 29, 2026; the board size was decreased to seven trustees.
Articles of Amendment were filed with Maryland on June 2, 2026.
Pebblebrook Hotel Trust reported a first-quarter 2026 net loss of $18.4 million, narrower than the $32.2 million loss a year earlier, and raised its 2026 outlook. Same-Property Total Revenues rose 10.2% to $343.8 million, and Adjusted EBITDAre rose 29.5% to $73.3 million, which the company said was $9.3 million above the high end of its outlook. The raised guidance lifts the 2026 Adjusted EBITDAre midpoint by $10.0 million to a range of $336.0 million to $348.0 million, while management said it remains cautious for the rest of the year.
Q1 2026 net loss of $18.4 million vs. $32.2 million in Q1 2025; Adjusted FFO per diluted share $0.32 vs. $0.16
Same-Property Total Revenues $343.8 million, up 10.2%; Same-Property Hotel EBITDA $82.2 million, up 27.6%
2026 outlook as of April 28, 2026: Adjusted EBITDAre $336.0 million to $348.0 million; Adjusted FFO per diluted share $1.60 to $1.70
Q2 2026 outlook: Adjusted FFO per diluted share $0.58 to $0.62; earnings call set for April 29, 2026
Pebblebrook Hotel Trust reported a 2025 net loss of $62.2 million, which included $48.9 million of impairment charges from hotel dispositions. Full-year adjusted FFO per diluted share fell 6.0% to $1.58 and Adjusted EBITDAre fell 4.7% to $342.5 million, while fourth-quarter adjusted FFO per diluted share rose 35.0% to $0.27. The company guided 2026 adjusted FFO per diluted share to $1.50 to $1.62.
2025 net loss of $62.2 million, including $48.9 million of impairment charges from hotel dispositions
Full-year 2025 Adjusted EBITDAre of $342.5 million, down 4.7% from $359.2 million in 2024
Q4 2025 Adjusted FFO per diluted share of $0.27, up 35.0% from $0.20 a year earlier
2026 outlook: Adjusted EBITDAre of $325.0 to $339.0 million and Adjusted FFO per diluted share of $1.50 to $1.62
Pebblebrook Hotel Trust amended its credit agreement on February 11, 2026, extending the maturity of its $360 million Term Loan A-3 from October 2027 to February 11, 2031, and adding a $90 million delayed-draw option. The company also extended $48 million of its $650 million revolver to October 13, 2028, and said the new capacity provides a funded path to repay its $350 million convertible notes due December 2026, which would leave no significant debt maturities until 2028.
Term Loan A-3 of $360 million now matures February 11, 2031, up from October 13, 2027.
A $90 million delayed-draw option can be drawn before December 15, 2026.
$48 million of the revolver is extended to October 13, 2028; the full $650 million revolver is undrawn and can be extended to October 13, 2029.
The company used $40 million of cash to retire the Margaritaville Hollywood Beach Resort mortgage early, and says it plans to address the $350 million convertible notes due December 2026.
Pebblebrook Hotel Trust elected Nina P. Jones, a former T. Rowe Price portfolio manager, to its board effective March 1, 2026, and elected Bill Bayless, CEO and Executive Chairman of Maslow Campus Communities, to join later in 2026. The company also announced a board refreshment framework and said trustee Ron E. Jackson will not stand for re-election at the 2026 Annual Meeting, which will change the board's composition over time.
Nina P. Jones joins the board March 1, 2026 and will serve on the Audit and Compensation Committees.
Bill Bayless's election takes effect in the third quarter of 2026 per the 8-K, while the press release says he is expected to join in the fourth quarter.
Ron E. Jackson retires effective at the 2026 Annual Meeting; board size rises from seven to eight on March 1, 2026, then returns to seven.
Each new trustee receives a one-time $50,000 share award vesting in one-third annual increments over three years.
Pebblebrook's board approved 2026 compensation for its executive officers, substantially the same structure as 2025. Pay mixes base salary, an annual cash bonus tied to seven objectives, and long-term equity awards, with 60% of equity in performance units.
CEO Jon E. Bortz's 2026 target cash incentive bonus is $1,390,000 on a $840,000 base salary.
Raymond D. Martz and Thomas C. Fisher each have a $560,000 base salary and a $590,000 target cash bonus.
Time-based grants vest in thirds on January 1, 2027, 2028 and 2029; performance units cover a three-year period ending December 31, 2028.
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.
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