PEBBLEBROOK HOTEL TRUST PEB Balance Sheet

Pebblebrook hotel trust (PEB)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
Real Estate Investment Property, Net
6,106	6,332	6,329	6,421	6,615	6,534	2,437	2,439	2,446	2,456	2,464	2,478	2,563	2,672	2,558	2,612	2,684	2,673	2,668	2,672	2,349	2,343	1,879	1,764	1,712	1,717	1,603	1,530	1,535	1,417	1,348	1,165	1,133	1,127	1,120	1,120	599
Investment in marketable securities
-	-	-	-	-	-	373	369	157	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	183	244	243	248	249	247	247	258	256	258	255	260	256	255	276	283	173	170	168	171	167	-	0
Hotels held for sale
-	-	28	114	-	-	-	-	-	-	-	-	110	-	49	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ground lease asset, net
-	-	0	0	0	199	28	28	28	29	29	29	29	29	29	29	30	30	30	30	30	30	23	23	19	19	10	10	10	10	10	10	10	10	10	10	10
Cash and Cash Equivalents, at Carrying Value
727	30	29	41	51	83	18	17	15	25	14	14	31	33	46	36	28	26	38	33	28	52	119	38	44	55	110	151	115	85	147	163	36	65	75	139	220
Restricted cash
19	26	27	28	25	24	8	8	7	7	6	6	7	7	7	7	10	9	14	13	13	16	17	15	14	16	15	13	13	12	10	8	8	9	8	6	4
Hotel receivables (net of allowance for doubtful accounts of $824 and $738, respectively)
24	49	70	75	71	59	36	34	33	29	35	34	29	27	31	29	31	25	37	31	27	21	30	23	19	16	23	25	20	13	18	15	15	11	14	13	3
Deferred financing costs, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	7	5	6	3	3	4	4	5	5	5	5	5	3	3	3	3	4	2
Prepaid expenses and other assets
59	59	57	49	68	76	173	55	51	43	43	40	40	38	48	36	44	45	45	49	46	40	37	33	35	26	20	24	18	18	18	21	18	16	16	24	13
Total assets
6,937	6,498	6,544	6,730	6,833	6,978	3,076	2,954	2,741	2,590	2,593	2,603	2,812	2,809	2,955	2,997	3,072	3,058	3,090	3,085	2,750	2,770	2,368	2,160	2,105	2,116	2,044	2,016	1,995	1,846	1,732	1,559	1,395	1,416	1,417	1,319	855
LIABILITIES AND EQUITY
Long-term Debt
2,708	2,229	2,229	2,398	2,507	2,746	-	-	-	885	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unsecured revolving credit facilities
-	-	-	-	-	-	394	383	203	-	30	43	204	82	130	30	180	165	175	310	100	50	0	36	0	0	0	0	0	0	0	0	0	0	0	0	0
Term loans, net of unamortized deferred financing costs
-	-	-	-	-	-	771	670	670	-	672	672	672	671	671	671	671	521	525	400	300	300	100	100	100	100	100	100	100	100	100	-	-	0	-	-	-
Senior unsecured notes, net of unamortized deferred financing costs
-	-	-	-	-	-	99	99	99	-	99	99	99	99	99	99	99	99	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage debt, net of unamortized deferred financing costs
-	-	-	-	-	-	68	69	69	-	71	71	97	142	228	229	316	319	434	437	440	493	497	448	451	454	456	435	437	368	259	260	211	251	251	252	143
Accounts payable and accrued expenses
546	516	537	524	503	360	147	138	135	141	150	149	146	149	164	158	156	141	148	132	111	106	88	79	61	61	57	54	48	47	40	36	31	33	32	30	15
Deferred revenues
40	57	56	53	51	54	25	26	28	26	20	19	20	19	19	19	18	17	16	15	12	11	11	10	9	8	8	8	7	4	5	5	6	4	5	4	2
Accrued interest
5	4	5	4	5	2	3	2	3	2	3	1	3	2	3	2	4	2	2	2	2	2	2	1	1	1	1	1	1	1	1	1	0	1	0	0	0
Liabilities related to hotels held for sale
-	-	0	1	-	-	-	-	-	-	-	-	2	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution payable
9	58	58	58	58	43	31	31	31	31	31	31	31	33	33	33	32	29	29	29	29	23	22	20	20	15	15	15	13	11	11	10	10	10	8	8	4
Total liabilities
3,310	2,866	2,888	3,040	3,126	3,208	1,541	1,421	1,241	1,087	1,078	1,089	1,278	1,200	1,350	1,244	1,479	1,297	1,332	1,327	995	988	721	696	645	641	640	614	609	533	417	314	260	300	299	296	167
Commitments and contingencies (Note 11)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	-
Shareholders’ equity:
Preferred shares of beneficial interest, $.01 par value (liquidation preference $510,000 at March 31, 2020 and at December 31, 2019), 100,000,000 shares authorized; 20,400,000 shares issued and outstanding at March 31, 2020 and December 31, 2019
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	225	125	0
Common shares of beneficial interest, $.01 par value, 500,000,000 shares authorized; 130,563,226 shares issued and outstanding at March 31, 2020 and 130,484,956 shares issued and outstanding at December 31, 2019
1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
4,075	4,069	4,067	4,065	4,063	4,065	1,686	1,684	1,683	1,685	1,683	1,683	1,715	1,776	1,774	1,854	1,731	1,868	1,866	1,864	1,862	1,864	1,717	1,544	1,542	1,541	1,465	1,464	1,449	1,362	1,355	1,286	1,175	1,142	917	920	698
Accumulated other comprehensive income (loss)
-78	-24	-36	-28	-7	1	12	11	8	3	-0	-1	-0	-2	-17	-20	-16	-4	-11	-0	-4	-0	0	0	0	1	0	1	-0	-0	-0	-	-	0	-	-	-
Distributions in excess of retained earnings
391	424	386	358	-361	308	-170	-169	-197	-191	-172	-172	-185	-169	-156	-84	-126	-105	-99	-108	-106	-84	-76	-84	-86	-69	-64	-65	-64	-49	-45	-45	-43	-30	-27	-24	-11
Total shareholders’ equity
3,606	3,621	3,645	3,679	3,696	3,759	1,529	1,527	1,495	1,498	1,511	1,510	1,530	1,605	1,601	1,750	1,589	1,758	1,756	1,756	1,752	1,781	1,642	1,460	1,457	1,473	1,403	1,401	1,385	1,312	1,310	1,241	1,131	1,113	1,115	1,021	686
Non-controlling interests
21	10	10	10	10	10	5	5	4	4	4	4	3	3	3	3	2	2	2	1	1	1	3	3	2	1	1	0	0	0	4	3	3	3	2	2	1
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
3,627	3,631	3,656	3,690	3,706	3,769	1,534	1,532	1,500	1,503	1,515	1,514	1,533	1,609	1,604	1,753	1,592	1,760	1,758	1,757	1,754	1,782	1,646	1,463	1,460	1,475	1,404	1,402	1,386	1,313	1,315	1,245	1,135	1,116	1,118	1,023	688
Total liabilities and equity
6,937	6,498	6,544	6,730	6,833	6,978	3,076	2,954	2,741	2,590	2,593	2,603	2,812	2,809	2,955	2,997	3,072	3,058	3,090	3,085	2,750	2,770	2,368	2,160	2,105	2,116	2,044	2,016	1,995	1,846	1,732	1,559	1,395	1,416	1,417	1,319	855