Pebblebrook Hotel Trust 2026年季度报告

For the quarterly period ended June30, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period fromto.Commission File Number 001-34571 PEBBLEBROOK HOTEL TRUST (Exact Name of Registrant as Specified in Its Charter) Maryland27-1055421 Securities registered pursuant to Section 12(b) of the Act: Title of each class Common Shares, $0.01 par value per shareSeries E Cumulative Redeemable Preferred Shares, $0.01 par valueSeries F Cumulative Redeemable Preferred Shares, $0.01 par valueSeries G Cumulative Redeemable Preferred Shares, $0.01 par valueSeries H Cumulative Redeemable Preferred Shares, $0.01 par value Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2)has been subject to such filing requirements for the past 90 days.☑Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).☑Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smallerreporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer☑Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the ExchangeAct).☐Yes☑No Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. Pebblebrook Hotel TrustTABLE OF CONTENTS PART I. FINANCIAL INFORMATION Item 1.Financial Statements.3Consolidated Balance Sheets - June30, 2026 (unaudited) and December31, 20253Consolidated Statements of Operations and Comprehensive Income (unaudited) - Three and six months endedJune30, 2026 and 20254Consolidated Statements of Equity (unaudited) - Three and six months ended June30, 2026 and 20256Consolidated Statements of Cash Flows (unaudited) - Six months ended June30, 2026 and 202510Notes to the Consolidated Financial Statements (unaudited)11Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations.26Item 3.Quantitative and Qualitative Disclosures About Market Risk.34Item 4.Controls and Procedures.34PART II. OTHER INFORMATION Item 1.Legal Proceedings.35Item 1A.Risk Factors.35Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.35Item 3.Defaults Upon Senior Securities.35Item 4.Mine Safety Disclosures.35Item 5.Other Information.36Item 6.Exhibits.37 PART I. FINANCIAL INFORMATION Pebblebrook Hotel TrustConsolidated Balance Sheets(in thousands, except share and per-share data) Pebblebrook Hotel TrustConsolidated Statements of Equity(in thousands, except share data)(Unaudited) Pebblebrook Hotel TrustConsolidated Statements of Equity - Continued(in thousands, except share data)(Unaudited) Pebblebrook Hotel TrustConsolidated Statements of Equity - Continued(in thousands, except share data)(Unaudited) Pebblebrook Hotel TrustConsolidated Statements of Equity - Continued(in thousands, except share data)(Unaudited) Pebblebrook Hotel TrustConsolidated Statements of Cash Flows(in thousands)(Unaudited) PEBBLEBROOK HOTEL TRUSTNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) Note 1. Organization Pebblebrook Hotel Trust (the "Company") is an internally managed hotel investment company, formed as a Maryland real estateinvestment trust in October 2009 to opportunistically acquire and invest in hotel properties located primarily in major U.S. cities andresort properties located near our primary target urban markets and select destination resort markets, with an emphasis on majorgateway coastal markets. As of June30, 2026, the Company owned interests in 43 hotels with a total of 10,937 guest rooms. The hotel properties arelocated in: Boston, Massachusetts; Chicago, Illinois; Hollywood, Florida; Jekyll Island, Georgia; Key West, Florida; Los Angeles,California (Beverly Hills, Santa Monica and West Hollywood); Naples, Florida; Newport, Rhode Island; Portland, Oregon; San Diego,California; San Francisco, California; Santa Cruz, California; Stevenson, Washington; and Washington, D.C. Substantially all of the Company's assets are held by, and all of the Company'