---
schema_version: "secwatch.filing_event.v1"
accession: "0001474098-25-000140"
form_type: "8-K"
ticker: "PEB"
cik: "0001474098"
company_name: "Pebblebrook Hotel Trust"
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:14:46.662313+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pebblebrook Q3 net loss $32.4M; RevPAR -1.5%, but FFO per share $0.51 beats midpoint

## Summary
- Net loss of $32.4M vs $45.1M income in Q3 2024; Adjusted FFO per diluted share $0.51, $0.03 above outlook midpoint.
- Same-Property Total RevPAR declined 1.5% to $362; San Francisco outperformed with 8.3% RevPAR growth.
- Completed $400M private offering of 1.625% convertible notes due 2030; used to retire $400M of 1.75% notes due 2026 at 2% discount.
- Full year 2025 outlook: Adjusted EBITDAre $332.5-$341.5M (midpoint reduced $3M); RevPAR growth (0.1%)-1.1% (midpoint down 30bps).
- Balance sheet: $232M cash, sector-low 4.1% weighted avg interest rate, net debt/EBITDA 6.1x.

## SEC filing metadata
- accession: 0001474098-25-000140
- form_type: 8-K
- ticker: PEB
- cik: 0001474098
- company_name: Pebblebrook Hotel Trust
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1474098/000147409825000140/0001474098-25-000140-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1474098/000147409825000140/peb-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001474098-25-000140
- JSON: https://secwatch.observer/filing/0001474098-25-000140.json
- Plain text: https://secwatch.observer/filing/0001474098-25-000140.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.