secwatch.observer — SEC 8-K summary
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Issuer:     Pebblebrook Hotel Trust (PEB)
CIK:        0001474098
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001474098-25-000140
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474098/000147409825000140/0001474098-25-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474098/000147409825000140/peb-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001474098-25-000140

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