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Pebblebrook Hotel Trust filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 29, 2026, reporting a net loss of $54.6 million for the third quarter and total revenues of $402.7 million.

Key Highlights

  • Net loss of $54.6 million for the three months ended September 30, 2026, compared to a net loss of $32.4 million in the same period of 2025, according to the filing.
  • Total revenues of $402.7 million for Q3 2026, up from $398.7 million in Q3 2025, with room revenue of $258.3 million and food and beverage revenue of $96.3 million.
  • Impairment charges of $77.3 million were recorded in the three months ended September 30, 2026, compared to $46.5 million in the same quarter of 2025.
  • Total assets of $5.20 billion as of September 30, 2026, down from $5.35 billion at December 31, 2025, the filing disclosed.
  • 111,694,079 common shares outstanding as of October 23, 2026, per the filing's cover page.
  • Net loss per common share of $0.56 (basic and diluted) for the three months ended September 30, 2026, versus $0.37 in Q3 2025.
  • Cash and cash equivalents of $287.5 million as of September 30, 2026, up from $184.2 million at December 31, 2025.

Pebblebrook Hotel Trust Reports Q3 2026 Financial Results and Balance Sheet Position

Pebblebrook Hotel Trust (NYSE:PEB), a Maryland-based real estate investment trust, reported a net loss of $54,586 thousand for the three months ended September 30, 2026, according to its quarterly filing. That compares to a net loss of $32,353 thousand in the same period of 2025. For the nine months ended September 30, 2026, the company reported a net loss of $48,109 thousand, compared to a net loss of $45,248 thousand in the corresponding prior-year period.

Total revenues for the third quarter of 2026 were $402,745 thousand, the filing disclosed, up from $398,723 thousand in Q3 2025. Room revenue rose to $258,253 thousand from $254,613 thousand, while food and beverage revenue was essentially flat at $96,252 thousand versus $96,239 thousand. Total hotel operating expenses declined to $256,719 thousand from $259,052 thousand year over year. A significant factor in the quarter's loss was an impairment charge of $77,329 thousand, up from $46,497 thousand in Q3 2025. Interest expense increased to $25,949 thousand from $20,180 thousand in the prior-year quarter.

On the balance sheet as of September 30, 2026, the company reported total assets of $5,203,512 thousand, compared to $5,348,174 thousand at December 31, 2025. Net investment in hotel properties declined to $4,767,037 thousand from $5,023,457 thousand over the same period. Total debt, net, stood at $2,081,769 thousand, down from $2,124,092 thousand at year-end 2025. The preferred shares liquidation preference was $630,147 thousand as of September 30, 2026, reduced from $676,724 thousand at December 31, 2025, reflecting preferred share repurchases during the period. The company repurchased 376,064 preferred shares during Q3 2026, recording a $1,617 thousand gain on repurchase in that quarter, and repurchased 1,151,295 common shares for $20,871 thousand during the same period, according to the filing.

What Was Disclosed

Pebblebrook Hotel Trust disclosed its unaudited financial results for the three and nine months ended September 30, 2026, including a Q3 net loss of $54.6 million, total revenues of $402.7 million, impairment charges of $77.3 million, and a balance sheet with total assets of $5.20 billion.