Pebblebrook hotel trust (PEB)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues
Revenue from Contract with Customer, Excluding Assessed Tax

1,514,151

1,612,213

1,468,446

1,250,374

1,014,792

828,678

772,665

768,978

768,194

769,317

788,629

795,799

802,354

816,421

810,905

818,263

803,674

770,864

733,373

686,728

636,499

598,776

569,610

531,168

510,015

489,217

467,191

440,262

408,128

380,688

360,355

343,853

322,796

287,987

225,215

139,628

0

0

0

Expenses:
Hotel operating expenses:
Total hotel operating expenses

938,815

974,168

893,325

765,498

634,498

511,834

469,355

466,562

467,677

467,973

475,215

475,271

476,453

483,924

482,721

489,085

482,773

468,075

446,596

422,588

396,607

373,987

358,899

342,633

333,746

324,198

312,478

297,513

278,535

261,584

247,821

239,381

226,709

201,354

157,666

99,444

0

0

0

Depreciation and amortization

236,406

234,880

211,622

166,612

137,875

108,475

99,063

99,508

100,896

102,290

103,568

103,765

103,674

102,439

101,344

100,582

99,608

95,872

89,665

82,416

73,761

68,324

64,337

60,912

58,247

55,570

52,799

49,883

46,316

42,794

40,261

38,243

35,837

30,945

23,458

14,644

0

0

0

Other indirect

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

120,660

114,092

106,472

99,766

95,060

92,650

88,718

79,648

62,593

39,587

0

0

0

Real estate taxes, personal property taxes, property insurance, and ground rent

123,342

125,013

112,391

92,009

73,513

54,191

47,214

47,353

46,903

48,500

50,330

51,345

51,735

50,488

49,335

49,675

48,132

46,947

44,896

41,735

39,850

36,878

35,921

34,373

33,769

31,052

29,555

26,135

21,771

20,187

16,564

15,853

14,979

12,895

9,777

5,990

0

0

0

Ground rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2,072

2,010

1,988

1,814

1,361

0

0

0

-

General and administrative

45,534

34,047

34,401

32,749

29,734

20,945

17,811

15,615

16,248

20,062

25,021

27,333

27,261

27,912

30,607

31,751

31,565

32,335

31,040

30,325

29,747

28,322

23,274

20,319

18,974

17,166

17,319

16,952

17,516

16,777

15,503

15,144

12,774

11,460

9,982

8,611

0

0

0

Gain (Loss) on Sale of Properties

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hotel acquisition and disposition costs

-

-

77,080

76,233

-

75,049

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

-

2,943

2,736

2,741

3,376

2,323

2,569

2,916

2,234

-2,612

777

1,904

3,392

9,009

8,167

0

0

0

Impairment and other losses

0

-

-

-

0

-

-

-

-

-

4,240

13,197

13,197

12,148

12,148

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss and other operating expenses

-6,776

-8,903

-6,660

-4,774

3,167

10,935

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insured Event, Gain (Loss)

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

1,259,855

1,382,871

1,335,129

1,137,525

949,271

761,706

618,484

614,439

621,957

633,937

617,877

630,414

631,823

636,414

671,690

666,628

661,947

643,229

615,666

581,008

539,811

507,511

484,452

460,051

446,555

431,362

413,788

393,017

367,556

343,576

319,609

311,408

294,191

261,860

211,253

137,628

0

0

0

Operating income (loss)

254,296

229,342

133,317

112,849

65,521

66,972

154,181

154,539

146,237

135,380

170,752

165,385

170,531

180,007

139,215

151,635

141,727

127,635

117,707

105,720

96,688

91,265

85,158

71,117

63,460

57,855

53,403

47,245

40,572

37,112

40,746

32,445

28,605

26,127

13,962

2,000

0

0

0

Interest income

-

-

-

-

-

-

-

-

-

-

220

846

1,370

1,995

2,497

2,500

2,501

2,511

2,535

2,550

2,550

2,529

2,536

2,561

2,600

2,620

2,077

1,489

852

224

164

131

401

868

1,453

2,302

0

0

0

Interest Expense

102,737

108,474

105,161

91,343

73,440

53,923

42,558

38,880

37,769

37,299

39,140

40,428

42,155

43,615

42,580

43,430

41,254

38,774

36,140

32,311

29,311

27,065

25,832

24,628

24,297

23,680

21,718

19,593

17,133

14,932

14,247

14,073

14,054

13,653

10,548

0

0

0

-

Other

44

29

-27,308

-23,384

-423

2,078

31,639

27,840

4,808

2,362

739

2,155

2,118

283

-324

-1,872

-1,771

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

-

-

-

Equity in earnings (loss) of joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-64,842

-60,059

4,108

5,746

6,213

7,366

7,917

8,861

10,065

9,601

8,435

7,286

7,623

6,826

6,694

6,659

5,970

1,803

1,820

-1,260

2,336

0

0

0

-

-

Income (loss) before income taxes

151,603

120,897

848

-1,878

-8,342

15,127

128,288

128,816

113,276

100,443

106,781

40,610

71,937

73,828

79,075

153,267

106,949

97,585

91,468

83,876

78,788

76,794

71,463

57,485

49,049

44,418

40,588

35,835

30,950

28,374

28,466

20,361

13,777

15,763

7,121

-2,424

0

0

0

Income tax (expense) benefit

-535

5,172

4,038

1,375

-2,866

1,742

3,628

3,502

2,587

181

29

-36

523

-134

541

950

2,487

2,590

3,377

3,594

2,196

3,251

3,030

1,964

1,490

1,226

1,163

1,832

1,851

1,866

1,065

-773

-1,629

564

336

443

0

0

0

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

152,138

115,725

-3,190

-3,253

-5,476

13,385

124,660

125,314

110,689

100,262

106,752

40,646

71,414

73,962

78,534

152,317

104,462

94,995

88,091

80,282

76,592

73,543

68,433

55,521

47,559

43,192

39,425

34,003

29,099

26,508

27,401

21,134

15,406

15,199

6,785

-2,867

0

0

0

Net income (loss) attributable to non-controlling interests

382

283

-178

-142

-95

-8

457

460

426

374

405

165

255

258

273

514

358

327

388

533

661

677

600

438

315

274

336

411

477

429

448

375

297

343

0

0

0

-

-

Net income (loss) attributable to the Company

151,756

115,442

-3,012

-3,111

-5,381

13,393

124,203

124,854

110,263

99,888

106,347

40,481

71,159

73,704

78,261

151,803

104,104

94,668

87,703

79,749

75,931

72,866

67,833

55,083

47,244

42,918

39,089

33,592

28,622

26,079

26,953

20,759

15,109

14,856

6,586

-2,952

0

0

0

Distributions to preferred shareholders

32,556

32,556

29,813

25,697

21,582

17,466

16,094

16,094

16,094

16,094

16,094

17,624

17,841

19,662

22,125

23,060

25,306

25,950

25,951

25,891

25,486

25,079

24,672

24,344

24,366

22,953

21,328

19,684

18,037

17,825

17,875

16,318

14,322

10,413

0

0

0

-

-

Transaction costs

-

-

-

-

-

-

-

-

-

-

-

-

-

7,090

7,090

4,169

4,169

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

119,200

82,886

-32,825

-28,808

-26,963

-4,073

108,109

108,760

94,169

83,794

90,253

19,936

50,397

46,952

49,046

124,574

74,629

68,718

61,752

53,858

50,445

47,787

43,161

30,739

22,878

19,965

17,761

13,908

10,585

8,254

9,078

4,441

787

4,443

679

-5,960

0

0

0

Earnings Per Share, Basic

0.26

0.08

0.17

0.40

-0.02

-1.50

0.37

0.78

0.29

0.11

0.38

0.57

0.14

0.20

-0.61

0.97

0.09

-

0.44

0.28

-

-

0.36

0.26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share, Diluted

0.26

0.08

0.17

0.40

-0.02

-1.50

0.37

0.78

0.29

0.10

0.38

0.57

0.14

0.20

-0.61

0.96

0.09

-

0.43

0.27

-

-

0.36

0.26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) per share available to common shareholders, basic and diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

-

-

-

-0.03

-

0.18

0.14

-0.08

-

0.13

0.10

-0.14

0.09

0.05

0.03

-0.09

-0.01

-0.19

Weighted Average Number of Shares Outstanding, Basic

130,555

130,485

130,484

130,484

130,431

90,444

68,912

68,912

68,876

68,773

68,814

69,168

71,610

71,923

71,922

71,922

71,836

71,719

71,735

71,735

71,673

70,199

64,859

63,764

63,762

62,735

61,179

61,082

60,996

60,594

58,714

52,908

51,009

50,892

50,771

50,193

39,827

-

-

Weighted Average Number of Shares Outstanding, Diluted

130,678

131,224

130,622

130,595

130,431

89,476

69,255

69,204

69,208

69,375

69,202

69,468

71,892

72,939

71,922

72,319

72,311

72,213

72,451

72,425

72,446

71,822

65,346

64,125

63,762

63,806

61,347

61,196

60,996

61,123

58,760

52,927

51,009

51,072

50,771

50,193

39,827

-

-

Comprehensive Income:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

152,138

115,725

-3,190

-3,253

-5,476

13,385

124,660

125,314

110,689

100,262

106,752

40,646

71,414

73,962

78,534

152,317

104,462

94,995

88,091

80,282

76,592

73,543

68,433

55,521

47,559

43,192

39,425

34,003

29,099

26,508

27,401

21,134

15,406

15,199

6,785

-2,867

0

0

0

Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax

-71,271

-26,045

-49,028

-40,325

-17,224

-2,907

12,576

12,480

9,175

6,001

17,094

19,368

16,026

2,438

-6,798

-20,436

-11,724

-4,409

-12,018

-941

-5,480

-1,427

43

-992

1,165

1,386

1,300

1,500

-195

-300

-389

0

0

-

0

-

-

-

-

Other

-

-

-

0

-

-

-

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain (loss) on marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income (loss)

80,867

89,680

-52,218

-43,578

-22,121

10,478

137,236

137,794

119,285

106,263

123,846

60,014

87,440

76,400

71,736

131,881

92,738

90,586

76,073

79,341

71,112

72,116

68,498

54,551

48,746

44,600

40,725

35,503

28,904

26,208

24,744

0

0

-

0

-

-

-

-

Comprehensive income (loss) attributable to non-controlling interests

180

209

-322

-260

-145

-16

500

503

456

395

461

228

308

266

252

448

319

313

342

526

637

665

605

435

326

287

347

420

476

427

412

0

0

-

0

-

-

-

-

Comprehensive income (loss) attributable to the Company

80,687

89,471

-51,896

-43,318

-21,976

10,494

136,736

137,291

118,829

105,868

123,385

59,786

87,132

76,134

71,484

131,433

92,419

90,273

75,731

78,815

70,475

71,451

67,871

54,094

48,398

44,291

40,378

35,083

28,428

25,781

24,332

0

0

-

0

-

-

-

-

Weighted-average number of common shares, basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,073

20,260

Room
Revenue from Contract with Customer, Excluding Assessed Tax

1,032,102

1,103,947

1,005,610

855,895

691,622

565,107

530,822

528,685

529,189

532,288

549,182

557,105

563,033

568,867

558,723

560,150

549,143

526,573

504,110

470,924

435,865

410,600

387,885

357,044

338,060

321,630

304,767

283,270

259,502

239,218

224,965

212,806

198,775

177,479

140,402

85,325

0

0

0

Total hotel operating expenses

262,605

275,855

253,338

216,135

178,838

143,171

131,532

131,310

132,793

134,068

138,528

138,616

138,070

137,312

132,279

131,444

128,332

124,090

119,819

113,920

107,797

102,709

97,183

91,439

87,427

83,390

79,460

74,442

68,578

63,213

59,107

56,539

53,422

47,570

37,753

23,574

0

0

0

Food and beverage
Revenue from Contract with Customer, Excluding Assessed Tax

350,926

370,584

336,973

290,026

241,271

199,089

184,798

184,496

183,673

182,737

183,782

183,507

184,793

191,857

196,303

201,160

198,310

190,852

179,154

170,310

158,904

148,114

143,682

138,005

137,816

136,531

133,413

129,749

123,391

117,752

112,948

109,339

103,635

92,898

71,396

46,539

0

0

0

Total hotel operating expenses

248,780

260,278

238,215

204,212

169,606

136,845

125,421

124,647

124,521

123,213

122,874

121,878

122,208

126,957

130,691

134,608

133,460

128,816

121,892

116,654

110,426

104,843

102,626

99,735

99,996

100,244

98,713

95,724

90,724

86,369

82,196

79,216

74,626

65,783

51,038

32,707

0

0

0

Other
Revenue from Contract with Customer, Excluding Assessed Tax

131,123

137,682

125,863

104,453

81,899

64,482

57,045

55,797

55,332

54,292

55,665

55,187

54,528

55,697

55,879

56,953

56,221

53,439

50,109

45,494

41,730

40,062

38,043

36,119

34,139

31,056

29,011

27,243

25,235

23,718

22,442

21,708

20,386

17,610

13,417

7,592

0

0

0

Total hotel operating expenses

427,430

438,035

401,772

345,151

286,054

231,818

212,402

210,605

210,363

210,692

213,813

214,777

216,175

219,655

219,751

223,033

220,981

215,169

204,885

192,014

178,384

166,435

251,983

211,723

175,175

140,564

13,645

13,255

12,761

12,236

11,458

10,976

9,943

8,353

6,282

3,576

0

0

0