PEBPebblebrook Hotel Trust
Real Estate Investment Trusts
- Revenue
- $1.5B
- 1.5% YoY
- Operating margin
- 3.0%
- 49% YoY
- EBITDA
- $44M
- 48% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 41.0×
- $1.8B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear31% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $733M | $1.4B | $1.4B | $1.5B | $1.5B | 1.5% |
| Operating income | −$90M | $15M | $38M | $84M | $44M | 48% |
| Net income | −$185M | −$87M | −$78M | −$4M | −$66M | 1451% |
| Operating cash flow | $71M | $279M | $236M | $275M | $250M | 9.2% |
| Stock-based comp | $11M | $11M | $13M | $14M | $14M | 0.8% |
| Buybacks | $720K | $71M | $93M | $17M | $73M | 331% |
| Dividends | $5M | $5M | $5M | $5M | $5M | 2.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $7M | $5M | 61 | 127 |
| FY2024 | $7M | $5M | 73 | 124 |
| FY2023 | $7M | $7M | 86 | 118 |
| FY2022 | $6M | −$1M | 72 | 106 |
| FY2021 | $11M | $11M | 119 | 141 |