Business Context and Reporting Period
Pebblebrook Hotel Trust, a Maryland-based real estate investment trust, filed this Form 8-K on September 13, 2024. The report primarily addresses the declaration of cash dividends for the quarter ending September 30, 2024, by the Board of Trustees.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on dividend declarations. The declared dividends are as follows:
- Common Shares: $0.01 per share.
- Series E Preferred Shares (6.375%): $0.39844 per share (annualized rate of 6.375% on $25 liquidation preference).
- Series F Preferred Shares (6.30%): $0.39375 per share (annualized rate of 6.30% on $25 liquidation preference).
- Series G Preferred Shares (6.375%): $0.39844 per share (annualized rate of 6.375% on $25 liquidation preference).
- Series H Preferred Shares (5.70%): $0.35625 per share (annualized rate of 5.70% on $25 liquidation preference).
Material Changes
The filing does not provide comparative financial data or discuss material changes in operating results versus prior periods. The primary event is the authorization of the quarterly dividend payments.
Guidance, Outlook, and Risks
The filing contains standard forward-looking statements regarding the payment of dividends. Management notes that actual results may differ due to risks including the state of the U.S. economy and supply and demand in the hotel industry. The Company disclaims any obligation to update these statements unless legally required. For detailed outlook and risk factors, investors are directed to the Company's Form 10-K and Form 10-Q filings.
Investor Verification Checklist
- Verify the record date of September 30, 2024, to confirm eligibility for the declared dividends.
- Confirm the payment date of October 15, 2024, for all share classes.
- Review the referenced press release (Exhibit 99.1) for any additional context on the dividend policy.
- Consult the most recent Form 10-Q or 10-K for comprehensive financial performance data not included in this 8-K.