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Companies / Real Estate / Pebblebrook Hotel Trust
PEB

Pebblebrook Hotel Trust

Real EstateREITs
Ticker PEBBETHESDA, MDFiscal year ends DecemberBook value per share $21.39Diluted shares 113.0M

Pebblebrook Hotel Trust (NYSE: PEB) is an internally managed real estate investment trust that owns and invests in hotel properties throughout the United States. The company operates through its primary subsidiary, Pebblebrook Hotel, L.P., which leases hotel properties to taxable REIT subsidiaries that engage… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.48B
+1.5% year over year
Last 12 mo $1.50B
2.97%
−2.8 percentage points
Last 12 mo 4.26%
$-62.23M
−389037.5% year over year
Last 12 mo $-42.86M
-0.69%
−2.3 percentage points
Last 12 mo -1.93%
Cash & financing
$249.73M
−9.2% year over year
Last 12 mo $279.22M
$152.33M
−44.6% year over year
Last 12 mo $279.22M
0.86
Was 0.83× a year earlier
Last 12 mo 0.86
117.0M
−2.3% year over year
Last 12 mo 113.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Pebblebrook Hotel Trust does

In the company’s own words

Pebblebrook Hotel Trust (NYSE: PEB) is an internally managed real estate investment trust that owns and invests in hotel properties throughout the United States. The company operates through its primary subsidiary, Pebblebrook Hotel, L.P., which leases hotel properties to taxable REIT subsidiaries that engage third-party managers to operate the hotels. As of December 31, 2025, Pebblebrook owns interests in 44 hotels containing approximately 11,052 guest rooms. The company's website is www.pebblebrookhotels.com.

The company focuses on acquiring and investing in upper-upscale, full-service hotels and resorts located primarily in major U.S. gateway cities and select destination resort markets. Pebblebrook's portfolio is concentrated in premium urban markets including Boston, Chicago, Los Angeles, San Francisco, Washington D.C., and coastal leisure destinations such as Key West, Naples, and Newport. The company emphasizes properties with strong barriers to entry, premier locations, competitive advantages, and potential for value-added operational improvements and redevelopment initiatives.

Pebblebrook's business strategy centers on three core pillars: acquisitions and investments in strategically located hotel properties, intensive asset management to enhance profitability through capital improvements and operational optimization, and flexible financing strategies utilizing both equity and debt. The company owns a majority equity interest in Curator Hotel & Resort Collection, a platform providing services and technology to independent lifestyle hotels and resorts while allowing members to retain their unique identities.

The company employs 52 full-time employees and maintains strong corporate governance standards. Pebblebrook generates revenue through lease payments from its taxable REIT subsidiaries, which receive management fees from third-party hotel operators. The company's business model allows it to benefit from diverse customer categories including business transient, leisure transient, and group and convention demand. Pebblebrook qualifies as a real estate investment trust under the Internal Revenue Code and is required to distribute at least 90 percent of its REIT taxable income annually to shareholders. The company's portfolio benefits from geographic diversification across multiple major metropolitan areas and leisure destinations, reducing concentration risk in any single market.

Company details
Sector
Real Estate
Industry
REITs
Headquarters
BETHESDA, MD
Fiscal year end
December
CIK
1474098
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-593.07M$8.37M$609.81M$1.21B$1.81B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Pebblebrook Hotel Trust — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

269
funds hold it
0 of 35
superinvestors hold it
$1.01B
held by funds, at market
50.6%
of shares held by funds
3
bond issues held by funds

Largest fund holders · Pebblebrook Hotel Trust’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.12%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
0.08%of fund net assets
T. Rowe Price Small-Cap Value Fund, Inc.
PRSVX · T. ROWE PRICE SMALL-CAP VALUE FUND, INC.
0.53%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.06%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Pebblebrook Hotel Trust’s bonds, as funds hold them

Funds report holding 3 issues of Pebblebrook Hotel Trust’s debt, $132.43M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 1.70%, maturing 2026 to 2030.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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