PEB on NYSE
Pebblebrook Hotel Trust
American real estate investment trust based in Lutherville Timonium. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerPEB on NYSE2
- IndustryReal Estate Investment Trusts2
- HeadquartersLutherville Timonium, United States2
- Incorporated inMD3
- Business address4747 Bethesda Avenue, Suite 1100, Bethesda, Md 208143
- Filer categoryLarge accelerated filer3
- Legal formStock Corporation2
- LEI5493004Q1NNH6JXCSI522
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O THE CORPORATION TRUST INCORPORATED, 21093-2264 Lutherville Timonium, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D132516812
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Pebblebrook Hotel Trust is an internally managed hotel investment company, formed as a Maryland real estate investment trust in October 2009 to opportunistically acquire and invest in hotel properties located primarily in major United States cities and resort properties located near our primary target urban markets and select destination resort markets, with an emphasis on major gateway coastal markets. As of December 31, 2025, the Company owned interests in 44 hotels with a total of 11,052 guest rooms.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$1.5B
- Income tax0¢$6.3M
Out of $1.5B in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Dividends paid2¢$4.8M
- Share buybacks29¢$72.6M
- Kept or used elsewhere69¢$172.3M
Out of $249.7M of cash from operations.5
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.6B6 | $442.9M7 | $733.0M8 | $1.4B9 | $1.4B5 | $1.5B5 | $1.5B5 |
| Cost of revenue | |||||||
| Operating expenses | $822.8M8 | $1.4B9 | $1.4B5 | $1.4B5 | $1.4B5 | ||
| Operating income | $229.3M6 | -$292.7M7 | -$89.8M8 | $14.7M9 | $37.8M5 | $84.0M5 | $43.8M5 |
| Interest | $108.5M6 | $104.1M7 | $96.6M8 | $100.0M8 | $115.7M8 | ||
| Income before tax | -$186.3M8 | -$84.7M9 | -$73.6M5 | -$25.6M5 | -$55.9M5 | ||
| Income tax | $5.2M6 | -$3.7M7 | $61.0K8 | $277.0K9 | $655.0K5 | -$25.6M5 | $6.3M5 |
| Net income | $115.4M6 | -$391.7M7 | -$184.9M8 | -$87.2M9 | -$78.0M5 | -$4.2M5 | -$65.8M5 |
| Earnings per share | $0.636 | -$3.257 | -$1.808 | -$0.959 | -$0.935 | -$0.395 | -$0.905 |
| Earnings per share (diluted) | $0.636 | -$3.257 | -$1.808 | -$0.959 | -$0.935 | -$0.395 | -$0.905 |
| Shares (weighted, basic) | 130.8M shares8 | 130.5M shares9 | 121.8M shares5 | 119.8M shares5 | 117.0M shares5 | ||
| Shares (weighted, diluted) | 130.8M shares8 | 130.5M shares9 | 121.8M shares5 | 119.8M shares5 | 117.0M shares5 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $30.1M12 | $124.3M6 | $58.5M7 | $41.0M8 | $183.7M9 | $206.7M5 | $184.2M5 |
| Total assets | $6.5B12 | $6.1B6 | $6.3B7 | $6.1B8 | $5.8B9 | $5.7B5 | $5.3B5 |
| Long-term debt | $2.2B12 | $2.3B6 | $2.4B7 | $2.4B8 | $2.3B9 | $2.2B5 | $2.1B5 |
| Total liabilities | $2.9B12 | $2.8B6 | $3.1B7 | $3.0B8 | $3.0B9 | $2.9B5 | $2.8B5 |
| Retained earnings | -$1.4B5 | -$1.5B5 | |||||
| Shareholders’ equity | $3.6B12 | $3.3B6 | $3.2B7 | $3.0B8 | $2.8B9 | $2.7B5 | $2.5B5 |
| Shares outstanding | 130.5M shares12 | 130.7M shares6 | 130.8M shares7 | 126.3M shares8 | 120.2M shares9 | 119.3M shares5 | 113.2M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $395.2M6 | -$201.8M7 | $70.8M8 | $278.7M9 | $236.2M5 | $275.0M5 | $249.7M5 |
| Stock-based compensation | $11.4M8 | $11.3M9 | $12.5M5 | $13.6M5 | $13.7M5 | ||
| Cash from investing | -$81.6M8 | -$109.4M9 | $142.0M5 | -$92.8M5 | $10.3M5 | ||
| Dividends paid | $184.8M6 | $54.0M7 | $5.3M8 | $5.3M9 | $5.0M5 | $4.9M5 | $4.8M5 |
| Share buybacks | $4.0M6 | $1.3M7 | $720.0K8 | $70.7M9 | $92.8M5 | $16.9M5 | $72.6M5 |
| Cash from financing | -$33.2M8 | -$209.3M9 | -$236.8M5 | -$158.2M5 | -$281.4M5 | ||
| Dividend per share | $0.0112 |
Leadership
Who has led Pebblebrook Hotel Trust, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
Chief financial officer
- Chief executive officerJon E. Bortz Dec 8, 2009 to now13
- ChairJon E. Bortz Dec 8, 2009 to now13
- PresidentRaymond D. Martz Feb 22, 2023 to now14
- PresidentThomas Charles Fisher Feb 22, 2023 to now15
- PresidentJon E. Bortz Dec 8, 2009 to Jan 4, 202313
- Chief financial officerRaymond D. Martz Dec 14, 2009 to now16
Board members and other officers (10)
- CIOThomas Charles Fisher Jan 13, 2010 to Jan 4, 202317
- Board memberNina P. Jones Mar 2, 2026 to now18
- Board memberBonny W. Simi Apr 29, 2019 to now19
- Board memberPhillip M. Miller May 10, 2011 to now20
- Board memberCydney Donnell Dec 14, 2009 to now21
- Board memberEarl E. Webb Dec 14, 2009 to now22
- Board memberLaura Wright Dec 14, 2009 to Jan 3, 201923
- Board memberMartin H. Nesbitt Dec 14, 2009 to Mar 26, 201024
- Board memberMichael J. Schall Dec 14, 2009 to now25
- Board memberRon E. Jackson Dec 14, 2009 to now26
Timeline
Filings
321 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 111 major events, 124 insider forms, 41 large holders, 25 other. The latest 20:
- Oct 9, 20268-K EDGAR
- Oct 7, 20264 EDGAR
- Oct 7, 20263 EDGAR
- Oct 1, 20268-K EDGAR
- Sep 15, 20268-K EDGAR
- Sep 11, 20268-K EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 2026SCHEDULE 13G/A EDGAR
- Aug 4, 20264 EDGAR
- Aug 3, 2026144 EDGAR
- Jul 29, 20268-K EDGAR
- Jul 29, 202610-Q EDGAR
- Jun 15, 20268-K EDGAR
- Jun 15, 20264 EDGAR
- Jun 12, 20264 EDGAR
- Jun 9, 20268-K EDGAR
- Jun 9, 20264 EDGAR
- Jun 2, 20268-K EDGAR
The 321 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
75 open-market trades by officers, directors and large owners since October 2021: 50 buys and 25 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 3, 2026 | Fisher Thomas CharlesCo-President, C Investmt Ofcr | Sale | 40,000 | $19.25 | $770.0K | Form 4 |
| Jun 12, 2026 | BORTZ JON EChairman and CEO | Buy | 20,000 | $18.18 | $363.6K | Form 4 |
| Jun 11, 2026 | BORTZ JON EChairman and CEO | Buy | 20,000 | $17.73 | $354.6K | Form 4 |
| Jun 10, 2026 | BORTZ JON EChairman and CEO | Buy | 20,000 | $17.23 | $344.6K | Form 4 |
| Jun 9, 2026 | BORTZ JON EChairman and CEO | Buy | 20,000 | $17.09 | $341.8K | Form 4 |
| Jun 8, 2026 | BORTZ JON EChairman and CEO | Buy | 20,000 | $16.84 | $336.8K | Form 4 |
| Dec 15, 2025 | BORTZ JON EChairman and CEO | Sale | 50,000 | $11.26 | $563.0K | Form 4 |
| Nov 19, 2025 | SCHALL MICHAEL JDirector | Buy | 10,000 | $10.85 | $108.5K | Form 4 |
| Aug 19, 2025 | SCHALL MICHAEL JDirector | Buy | 10,000 | $10.08 | $100.8K | Form 4 |
| Jun 6, 2025 | BORTZ JON EChairman and CEO | Buy | 5,000 | $9.50 | $47.5K | Form 4 |
| May 30, 2025 | BORTZ JON EChairman and CEO | Buy | 18,000 | $9.15 | $164.7K | Form 4 |
| May 27, 2025 | BORTZ JON EChairman and CEO | Buy | 6,000 | $9.00 | $54.0K | Form 4 |
| May 23, 2025 | Jackson Ron E.Director | Buy | 10,000 | $8.91 | $89.1K | Form 4 |
| May 22, 2025 | BORTZ JON EChairman and CEO | Buy | 20,000 | $8.99 | $179.8K | Form 4 |
| May 20, 2025 | BORTZ JON EChairman and CEO | Buy | 23,213 | $9.73 | $225.9K | Form 4 |
| May 16, 2025 | BORTZ JON EChairman and CEO | Buy | 10,787 | $10.07 | $108.6K | Form 4 |
| May 7, 2025 | SCHALL MICHAEL JDirector | Buy | 10,000 | $9.04 | $90.4K | Form 4 |
| May 7, 2025 | BORTZ JON EChairman and CEO | Buy | 15,000 | $8.97 | $134.6K | Form 4 |
| May 6, 2025 | BORTZ JON EChairman and CEO | Buy | 42,000 | $8.94 | $375.5K | Form 4 |
| Mar 24, 2025 | BORTZ JON EChairman and CEO | Buy | 25,000 | $10.45 | $261.2K | Form 4 |
All 75 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Alyeska Investment Group, L.P.SCHEDULE 13G/A, 2 filings Nov 14, 2025 to Aug 14, 202627
- PRICE T ROWE ASSOCIATES INC /MD/SCHEDULE 13G/A, 6 filings Feb 14, 2022 to Aug 14, 202628
- T. Rowe Price Investment Management, Inc.SCHEDULE 13G/A, 6 filings Nov 14, 2024 to Aug 14, 202629
- Bank of AmericaSCHEDULE 13G/A, 2 filings May 14, 2026 to Aug 12, 202630
- FULLER & THALER ASSET MANAGEMENT, INC.SCHEDULE 13G/A, 3 filings Feb 13, 2024 to May 13, 202631
- State Street CorporationSCHEDULE 13G, 4 filings Feb 11, 2022 to May 12, 202632
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 202633
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Mar 26, 202634
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Feb 5, 202635
- PRINCIPAL GLOBAL INVESTORSSC 13G/A, 2 filings Feb 13, 2024 to Nov 13, 202436
- Wellington Management CompanySC 13G/A, 4 filings Feb 4, 2022 to Nov 8, 202437
- Capital International InvestorsSC 13G/A, 1 filing Feb 11, 202238
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 19,908,675 | $386.4M | 0.0% | −446,015 |
| Vanguard Portfolio Management LLC | 11,291,661 | $219.2M | 0.0% | +22,723 |
| State Street Corp | 6,453,363 | $125.3M | 0.0% | −55,783 |
| Vanguard Capital Management LLC | 4,927,685 | $95.6M | 0.0% | −103,248 |
| Arrowstreet Capital, Limited Partnership | 4,702,303 | $91.3M | 0.0% | +2,547,676 |
| Earnest Partners LLC | 4,538,986 | $88.1M | 0.3% | −113,728 |
| Bank Of America Corp /de/ | 3,675,818 | $71.3M | 0.0% | +344,527 |
| Geode Capital Management, LLC | 3,575,773 | $69.4M | 0.0% | +512,909 |
| Charles Schwab Investment Management Inc | 3,176,346 | $61.7M | 0.0% | +269,925 |
| Wellington Management Group Llp | 3,095,680 | $60.1M | 0.0% | −392,306 |
| D. E. Shaw & Co., Inc. | 2,728,760 | $53.0M | 0.0% | +1,872,055 |
| Jpmorgan Chase & Co | 2,671,412 | $51.8M | 0.0% | −2,857,585 |
| Two Sigma Investments, LP | 2,581,564 | $50.1M | 0.0% | +108,844 |
| UBS Group AG | 2,560,022 | $49.7M | 0.0% | −89,801 |
| Alyeska Investment Group, L.P. | 2,451,933 | $47.6M | 0.1% | −3,650,063 |
| Duff & Phelps Investment Management Co | 2,189,151 | $42.5M | 0.4% | −997,299 |
| Legal & General Group Plc | 1,901,350 | $36.9M | 0.0% | −149,365 |
| Morgan Stanley | 1,830,351 | $35.5M | 0.0% | +386,979 |
| Goldman Sachs Group Inc | 1,803,249 | $35.0M | 0.0% | +664,274 |
| Aew Capital Management L P | 1,725,789 | $33.5M | 2.0% | +127,449 |
| Millennium Management LLC | 1,689,674 | $32.8M | 0.0% | −815,622 |
| Dimensional Fund Advisors LP | 1,586,590 | $30.8M | 0.0% | +239,209 |
| Northern Trust Corp | 1,551,370 | $30.1M | 0.0% | +66,918 |
| Franklin Resources Inc | 1,399,291 | $27.2M | 0.0% | −81,294 |
| Allianz Asset Management GmbH | 1,377,726 | $26.7M | 0.0% | +216,926 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jul 12, 2023 | Daniel S. GoldmanDemocratic, House | Sale | $1,001 - $15,000 | +36.5% | Report |
| Mar 2, 2020 | Josh GottheimerDemocratic, House | Sale | $1,001 - $15,000 | +154.0% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARRaymond D. Martz, President
- 15SEC EDGARThomas Charles Fisher, President
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- 17SEC EDGARThomas Charles Fisher, CIO
- 18SEC EDGARNina P. Jones, Board member
- 19SEC EDGARBonny W. Simi, Board member
- 20SEC EDGARPhillip M. Miller, Board member
- 21SEC EDGARCydney Donnell, Board member
- 22SEC EDGAREarl E. Webb, Board member
- 23SEC EDGARLaura Wright, Board member
- 24SEC EDGARMartin H. Nesbitt, Board member
- 25SEC EDGARMichael J. Schall, Board member
- 26SEC EDGARRon E. Jackson, Board member
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