Pebblebrook Hotel Trust filed SEC Form 8-K: Regulation FD Disclosure, Other Events, Financial Statements and Exhibits
$PEB
Real Estate Investment Trusts
Real Estate
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): March 14, 2025
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Item 7.01. Regulation FD Disclosure.
On March 14, 2025, Pebblebrook Hotel Trust (the “Company”) issued a press release announcing that its Board of Trustees (the "Board") has authorized, and the Company has declared, cash dividends per share of its common and preferred shares of beneficial interest.
A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated by reference herein.
Item 8.01. Other Events.
On March 14, 2025, the Board authorized and the Company declared a dividend of $0.01 per share on the Company's common shares of beneficial interest, $0.01 par value per share (“Common Shares”), for the quarter ending March 31, 2025 (the “Common Dividend”).
On March 14, 2025, the Board also authorized and the Company declared a quarterly dividend of $0.39844 per share on the Company's 6.375% Series E Cumulative Redeemable Preferred Shares of Beneficial Interest, $0.01 par value per share (“Series E Preferred Shares”), for the quarter ending March 31, 2025 (the “Series E Preferred Dividend”).
On March 14, 2025, the Board also authorized and the Company declared a quarterly dividend of $0.39375 per share on the Company's 6.30% Series F Cumulative Redeemable Preferred Shares of Beneficial Interest, $0.01 par value per share (“Series F Preferred Shares”), for the quarter ending March 31, 2025 (the “Series F Preferred Dividend”).
On March 14, 2025, the Board also authorized and the Company declared a quarterly dividend of $0.39844 per share on the Company's 6.375% Series G Cumulative Redeemable Preferred Shares of Beneficial Interest, $0.01 par value per share (“Series G Preferred Shares”), for the quarter ending March 31, 2025 (the “Series G Preferred Dividend”).
On March 14, 2025, the Board also authorized and the Company declared a quarterly dividend of $0.35625 per share on the Company's 5.70% Series H Cumulative Redeemable Preferred Shares of Beneficial Interest, $0.01 par value per share (“Series H Preferred Shares”), for the quarter ending March 31, 2025 (the “Series H Preferred Dividend”).
The Common Dividend is payable on April 15, 2025 to holders of record of Common Shares as of the close of business on March 31, 2025 (the “Record Date”).
The Series E Preferred Dividend is payable on April 15, 2025 to holders of record of Series E Preferred Shares as of the Record Date. The Series E Preferred Dividend represents a rate of 6.375% per annum of the $25 per share liquidation preference (equivalent to $1.59375 per annum per share).
The Series F Preferred Dividend is payable on April 15, 2025 to holders of record of Series F Preferred Shares as of the Record Date. The Series F Preferred Dividend represents a rate of 6.30% per annum of the $25 per share liquidation preference (equivalent to $1.575 per annum per share).
The Series G Preferred Dividend is payable on April 15, 2025 to holders of record of Series G Preferred Shares as of the Record Date. The Series G Preferred Dividend represents a rate of 6.375% per annum of the $25 per share liquidation preference (equivalent to $1.59375 per annum per share).
The Series H Preferred Dividend is payable on April 15, 2025 to holders of record of Series H Preferred Shares as of the Record Date. The Series H Preferred Dividend represents a rate of 5.70% per annum of the $25 per share liquidation preference (equivalent to $1.425 per annum per share).
This Current Report on Form 8-K contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. These forward-looking statements relate to the payment of the dividends. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information.
These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company’s control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry and other factors as are described in greater detail in the Company’s filings with the United States Securities and Exchange Commission (the "SEC"), including, without limitation, the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
For further information about the Company’s business and financial results, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of the Company’s SEC filings, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, copies of which may be obtained at the Investor Relations section of the Company’s website at www.pebblebrookhotels.com.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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Press release, dated March 14, 2025, regarding the dividends declaration. | ||||||||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PEBBLEBROOK HOTEL TRUST | |||||||||||
March 14, 2025 | By: | /s/ Raymond D. Martz | |||||||||
| Name: | Raymond D. Martz | ||||||||||
| Title: | Co-President, Chief Financial Officer, Treasurer and Secretary | ||||||||||