Pebblebrook Hotel Trust Declares Dividends for First Quarter 2025

Rhea-AI Summary

Pebblebrook Hotel Trust (NYSE: PEB) has announced its quarterly dividend declarations for Q1 2025. The company will pay a cash dividend of $0.01 per common share on April 15, 2025, to shareholders of record as of March 31, 2025.

The Board has also declared quarterly dividends for preferred shares, payable on April 15, 2025:

• 6.375% Series E: $0.39844 per share
• 6.3% Series F: $0.39375 per share
• 6.375% Series G: $0.39844 per share
• 5.7% Series H: $0.35625 per share

Pebblebrook is the largest owner of urban and resort lifestyle hotels in the United States, with a portfolio of 46 hotels comprising approximately 12,000 guest rooms across 13 urban and resort markets.

Positive

• Consistent dividend maintenance for both common and preferred shares
• Large portfolio of 46 hotels with 12,000 guest rooms
• Market leadership position as largest owner of urban and resort lifestyle hotels in the US

Negative

• Low common share dividend of only $0.01 per share indicates cash distribution to common shareholders

Insights

Financial Analyst

Pebblebrook Hotel Trust's declaration of a $0.01 quarterly dividend per common share translates to an extremely low annual yield of 0.38% based on the current $10.47 share price. This payout is remarkably thin for a REIT, as these entities typically offer significantly higher yields due to their regulatory requirement to distribute at least 90% of taxable income to shareholders.

The company's preferred shares are receiving substantially higher dividends ranging from $0.35625 to $0.39844 per share quarterly, highlighting the tiered capital structure that prioritizes preferred shareholders. This disparity between common and preferred dividends suggests Pebblebrook is maintaining its obligations to preferred shareholders while minimizing cash distributions to common shareholders.

As the largest owner of urban and resort lifestyle hotels in the U.S. with 46 properties comprising approximately 12,000 rooms across 13 markets, Pebblebrook's dividend policy reflects its current capital allocation approach. The minimal common dividend indicates the company may be prioritizing balance sheet management and operational flexibility in the hospitality sector. This dividend declaration provides insight into Pebblebrook's broader financial health or strategic direction beyond its basic distribution obligations to shareholders.

BETHESDA, Md.--(BUSINESS WIRE)-- Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on April 15, 2025, to shareholders of record as of March 31, 2025 (the “Record Date”).

The Board of Trustees also authorized, and the Company has declared, regular quarterly cash dividends on the Company’s preferred shares of beneficial interest as follows, each of which will be paid on April 15, 2025, to shareholders of record as of the Record Date:

• $0.39844 per 6.375% Series E Cumulative Redeemable Preferred Share;
• $0.39375 per 6.3% Series F Cumulative Redeemable Preferred Share;
• $0.39844 per 6.375% Series G Cumulative Redeemable Preferred Share; and
• $0.35625 per 5.7% Series H Cumulative Redeemable Preferred Share.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (“REIT”) and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 46 hotels, totaling approximately 12,000 guest rooms across 13 urban and resort markets. For more information, visit www.pebblebrookhotels.com and follow @PebblebrookPEB.

This press release contains certain “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will,” “should,” “potential,” “intend,” “expect,” “seek,” “anticipate,” “estimate,” “approximately,” “believe,” “could,” “project,” “predict,” “forecast,” “continue,” “assume,” “plan,” references to “outlook” or other similar words or expressions. These forward-looking statements relate to the payment of the dividends. These forward-looking statements are subject to various risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy and the supply of hotel properties, and other factors as are described in greater detail in the Company’s filings with the Securities and Exchange Commission, including, without limitation, the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For further information about the Company’s business and financial results, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of the Company’s SEC filings, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, copies of which may be obtained at the Investor Relations section of the Company’s website at www.pebblebrookhotels.com.

All information in this press release is as of March 14, 2025. The Company undertakes no duty to update the statements in this press release to conform the statements to actual results or changes in the Company’s expectations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250314019745/en/

Raymond D. Martz, Co-President and Chief Financial Officer, Pebblebrook Hotel Trust - (240) 507-1330

For additional information or to receive press releases via email, please visit www.pebblebrookhotels.com

Source: Pebblebrook Hotel Trust

FAQ

What is the Q1 2025 dividend amount for Pebblebrook Hotel Trust (PEB) common shares?

PEB declared a quarterly cash dividend of $0.01 per common share for Q1 2025.

When is the dividend payment date for PEB's Q1 2025 dividends?

The dividend payment date is April 15, 2025, for both common and preferred shares.

What is the record date for PEB's Q1 2025 dividend distribution?

The record date is March 31, 2025, for both common and preferred share dividends.

How many hotels does Pebblebrook Hotel Trust (PEB) currently own?

Pebblebrook Hotel Trust owns 46 hotels with approximately 12,000 guest rooms across 13 urban and resort markets.

What are the dividend rates for PEB's preferred shares in Q1 2025?

Series E: $0.39844, Series F: $0.39375, Series G: $0.39844, and Series H: $0.35625 per share.