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Pebblebrook Hotel Trust (PEB)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21Mar-31-21Dec-31-20
   10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K
Revenues:          
Total revenues  384.3397.5258.1247.3238.8163.383.674.2
            Total revenues growth  -3.3%143.4%208.5%233.2%210.2%622.9%-68.9%-80.4%
Expenses:          
Hotel operating expenses:          
Total hotel operating expenses  246.0228.4   107.2  
Depreciation and amortization  58.060.359.158.655.554.755.456.5
Real estate taxes, personal property taxes, property insurance, and ground rent  29.633.030.527.426.229.428.629.2
General and administrative  11.29.79.711.49.49.77.66.9
Impairment   12.361.0   14.954.0
Gain on sale of hotel properties  -23.6   -0.2-64.6  
Business interruption insurance income  -14.0       
Other operating expenses  2.41.91.10.50.50.50.60.7
    Total operating expenses  309.5345.6335.7266.6239.4137.1179.8213.7
    Operating income (loss)  74.851.9-77.7-19.3-0.626.3-96.1-139.5
            Operating margin  19.5%13.1%-30.1%-7.8%-0.3%16.1%-114.9%-188.0%
Interest expense  -29.5-23.2-22.6-23.6-22.9-24.8-25.3-28.9
Other  1.00.00.00.00.00.00.00.1
    Income (loss) before income taxes  46.228.8-100.2-42.8-23.51.5-121.4-168.4
Income tax (expense) benefit  0.0  0.00.0-0.10.0-4.8
    Net income (loss)  46.228.8-100.2-42.8-23.51.4-121.4-173.2
Net income (loss) attributable to non-controlling interests  1.50.8-0.7-0.4-0.1-0.1-0.9-0.3
    Net income (loss) attributable to the Company  44.728.0-99.5-42.4-23.41.5-120.6-172.9
Distributions to preferred shareholders  -11.0-11.3-11.3-11.3-12.5-10.1-8.1-8.1
    Net income (loss) attributable to common shareholders  33.716.6-110.9-53.7-44.0-8.6-128.7-181.0
   
Net income  $0.27$0.13($0.85)($0.41)($0.34)($0.07)($0.98)($1.39)
Net income  $0.24$0.12($0.85)($0.41)($0.34)($0.07)($0.98)($1.39)
   
Weighted-average number of common shares, basic (in shares)  121.7130.9130.9130.8130.8130.8130.8130.6
Weighted-average number of common shares, diluted (in shares)  151.2160.7130.9130.8130.8130.8130.8130.6
   
Comprehensive Income:          
Net income (loss)  46.228.8-100.2-42.8-23.51.4-121.4-173.2
   
Other comprehensive income (loss):          
Change in fair value of derivative instruments  21.19.327.48.2-0.3-2.39.70.8
Amounts reclassified from other comprehensive income  -6.92.44.45.96.56.46.48.8
   
    Comprehensive income (loss)          
Comprehensive income (loss) attributable to non-controlling interests          
    Comprehensive income (loss) attributable to the Company  58.839.6-68.0-28.4-17.35.6-104.5-163.3

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