Pebblebrook Hotel Trust Declares $0.01 Quarterly Common Dividend
Pebblebrook Hotel Trust declared a quarterly cash dividend of $0.01 per common share on December 15, 2025. The lodging REIT also declared regular quarterly dividends on its four series of preferred shares.
Pebblebrook Hotel Trust (NYSE: PEB), a real estate investment trust that invests in upscale, full-service hotels and resorts, declared a quarterly cash dividend of $0.01 per common share on December 15, 2025. Read more dividend announcements.
The company simultaneously declared regular quarterly cash dividends on its preferred shares: $0.39844 per Series E 6.375% Cumulative Redeemable Preferred Share, $0.39375 per Series F 6.3% Cumulative Redeemable Preferred Share, $0.39844 per Series G 6.375% Cumulative Redeemable Preferred Share, and $0.35625 per Series H 5.7% Cumulative Redeemable Preferred Share.
| Share Class | Dividend Amount | Record Date | Ex-Dividend Date | Payment Date |
|---|---|---|---|---|
| Common | $0.01 | Not disclosed | Not disclosed | Not disclosed |
| Series E Preferred | $0.39844 | Not disclosed | Not disclosed | Not disclosed |
| Series F Preferred | $0.39375 | Not disclosed | Not disclosed | Not disclosed |
| Series G Preferred | $0.39844 | Not disclosed | Not disclosed | Not disclosed |
| Series H Preferred | $0.35625 | Not disclosed | Not disclosed | Not disclosed |
Capital Allocation and Balance Sheet Activity
Pebblebrook repurchased 6.3 million common shares throughout 2025 at an average price of $11.37 per share. Since October 2022, the company has bought back nearly 18.5 million common shares—approximately 14% of outstanding shares—at an average price of $13.37, representing a 43% discount to the midpoint of its most recently published net asset value per share.
The company also repurchased 0.5 million preferred shares during the year at an average 24.3% discount to liquidation preference, reducing total outstanding preferred equity securities to $754.3 million.
On the debt side, Pebblebrook refinanced with a new $450 million term loan maturing in February 2031, with $360 million borrowed and $90 million available through December 15, 2026. The company used proceeds to pay off a $360 million term loan maturing in October 2027 and a $40 million mortgage related to the Margaritaville Hollywood Beach Resort.
The company's consolidated debt and convertible notes carry an estimated 4.1% weighted-average interest rate with a weighted-average maturity of 3.1 years. Approximately 98% of the debt is effectively fixed at 4.1% and roughly 98% is unsecured. The company has no significant debt maturities until 2028, outside of its 1.75% convertible notes due December 2026.
Curator Hotel Collection Update
Pebblebrook's Curator Hotel & Resort Collection, a global alliance of experiential independent lifestyle hotels and resorts, included 91 member properties and 121 preferred vendor agreements as of December 31, 2025. The platform provides members with advantageous pricing, enhanced contract terms, and early access to innovative technologies including artificial intelligence and robotics.