Business Context and Reporting Period
This Form 8-K Current Report was filed by Pebblebrook Hotel Trust on December 16, 2024. The filing primarily serves to disclose the declaration of cash dividends for the quarter ending December 31, 2024, as authorized by the Board of Trustees on December 13, 2024.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only financial data disclosed relates to dividend declarations:
- Common Shares: $0.01 per share.
- Series E Preferred Shares (6.375%): $0.39844 per share (6.375% annualized on $25 liquidation preference).
- Series F Preferred Shares (6.30%): $0.39375 per share (6.30% annualized on $25 liquidation preference).
- Series G Preferred Shares (6.375%): $0.39844 per share (6.375% annualized on $25 liquidation preference).
- Series H Preferred Shares (5.70%): $0.35625 per share (5.70% annualized on $25 liquidation preference).
Liquidity and Payment Dates: All dividends are payable on January 15, 2025, to holders of record as of the close of business on December 31, 2024.
Material Changes
This filing does not report material changes to revenue, operations, or debt levels compared to prior periods. It strictly reports the routine quarterly dividend declaration for common and preferred shares.
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 December 31, 2024, to confirm eligibility for the upcoming dividend payment.
- Confirm the Payment Date of January 15, 2025, for cash flow planning.
- Review the Series E, F, G, and H dividend rates to ensure they align with the stated annualized percentages (6.375%, 6.30%, 6.375%, and 5.70% respectively).
- Consult the most recent Form 10-Q or 10-K for operational metrics (RevPAR, occupancy, debt levels) as this 8-K does not contain them.