PEB Financials Pebblebrook Hotel Trust

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 46 d ago Overview →

Growth & profitability

Revenue has grown 27.2% per year over the past 5 years.
Operating margin has expanded, at 3.0% in the latest year.

Financial health

Total debt ($2.1B) exceeds cash ($184M); net debt is $1.9B.
Total debt has grown slower than revenue (-1.4% vs 27.2% per year).
Operating income covered interest expense 0.4× in the latest year.
Total debt is 48× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years.
The dividend has declined 38.5% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$1.5B	-$66M	0.0%	3.0%	-2.7%	-1.2%	—	$2.1B	$184M
2024	$1.5B	-$4M	0.0%	5.8%	-0.2%	-0.1%	—	$2.2B	$207M
2023	$1.4B	-$78M	0.0%	2.7%	-2.8%	-1.3%	—	$2.3B	$184M
2022	$1.4B	-$87M	0.0%	1.1%	-2.9%	-1.4%	—	$2.4B	$41M
2021	$733M	-$185M	0.0%	-12.2%	-5.9%	-3.0%	—	$2.4B	$59M
2020	$443M	-$392M	0.0%	-66.1%	-12.0%	-6.4%	-$202M	$2.3B	$124M
2019	$1.6B	$115M	0.0%	14.2%	3.2%	1.8%	$394M	$2.2B	$30M
2018	$829M	$13M	38.2%	8.1%	0.4%	0.2%	$136M	$2.7B	$83M
2017	$769M	$100M	39.2%	17.6%	6.7%	3.9%	$194M	$885M	$25M
2016	$816M	$74M	40.7%	22.0%	4.6%	2.6%	$240M	$996M	$33M
2015	—	$95M	—	—	5.4%	3.1%	$220M	$1.1B	$26M
2014	—	$73M	—	—	4.1%	2.6%	$160M	$844M	$53M
2013	—	$43M	—	—	2.9%	2.0%	$107M	$554M	$55M
2012	—	$26M	—	—	2.0%	1.4%	$77M	$469M	$86M
2011	—	$15M	—	—	1.3%	1.0%	$48M	$252M	$66M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$407M	$24M	0.0%	14.1%	1.0%	0.4%	—	$2.1B	$261M
Mar '26	$346M	-$19M	0.0%	2.3%	-0.8%	-0.4%	—	$2.1B	$196M
Dec '25	$349M	-$18M	0.0%	2.5%	-0.7%	-0.3%	—	$2.1B	$184M
Sep '25	$399M	-$33M	0.0%	-2.6%	-1.3%	-0.6%	—	$2.2B	$223M
Jun '25	$408M	$18M	0.0%	12.9%	0.7%	0.3%	—	$2.2B	$256M
Mar '25	$320M	-$33M	0.0%	-2.3%	-1.3%	-0.6%	—	$2.2B	$208M
Dec '24	$338M	-$50M	0.0%	-6.7%	-1.9%	-0.9%	—	$2.2B	$207M
Sep '24	$405M	$44M	0.0%	11.6%	1.6%	0.8%	—	$2.2B	$134M
Jun '24	$397M	$31M	0.0%	15.4%	1.1%	0.5%	—	$2.2B	$102M
Mar '24	$314M	-$28M	0.0%	-0.4%	-1.0%	-0.5%	—	$2.2B	$57M
Dec '23	$334M	-$43M	0.0%	-4.8%	-1.5%	-0.7%	—	$2.3B	$184M
Sep '23	$396M	-$57M	0.0%	-6.6%	-2.0%	-1.0%	—	$2.4B	$183M
Jun '23	$384M	$45M	0.0%	19.5%	1.5%	0.7%	—	$2.4B	$176M
Mar '23	$306M	-$23M	0.0%	1.7%	-0.8%	-0.4%	—	$2.4B	$139M
Dec '22	$320M	-$41M	0.0%	-3.7%	-1.4%	-0.7%	—	$2.4B	$41M
Sep '22	$417M	$25M	0.0%	12.5%	0.8%	0.4%	—	$2.4B	$191M
Jun '22	$398M	$28M	0.0%	13.1%	0.9%	0.4%	—	$2.5B	$32M
Mar '22	$258M	-$100M	0.0%	-30.1%	-3.2%	-1.6%	—	$2.4B	$69M
Dec '21	$247M	-$42M	0.0%	-7.8%	-1.3%	-0.7%	—	$2.4B	$59M
Sep '21	$239M	-$23M	0.0%	-0.3%	-0.7%	-0.4%	$47M	$2.4B	$158M

Valuation over time

How the market has priced PEB against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-sales ratio has risen from 1.1× (Mar '23) to 1.4× (Sep '26).
The dividend yield has fallen from 0.3% (Mar '23) to 0.2% (Sep '26).

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is PEB growing its revenue and profit?

Over the past 5 years, Pebblebrook Hotel Trust's revenue has grown 27.2% per year. These are computed facts, not advice.

How much debt does PEB have?

As of FY2025, Pebblebrook Hotel Trust reported $2.1B of total debt against $184M of cash; operating income covered interest expense 0.4×.

What is PEB's profit margin?

In FY2025, gross margin was —, operating margin 3.0%, and net margin -4.5%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.