Pebblebrook Hotel Trust Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-65.81	-4.24	-78.02	-87.17	-184.86
Depreciation & Amortization	227.66	229.53	240.65	239.58	224.25
Other Amortization	12.51	14.33	12.12	13.45	16.63
Gain (Loss) on Sale of Assets	-	-	-30.38	-6.19	-64.73
Asset Writedown	48.87	48.15	81.79	89.63	14.86
Stock-Based Compensation	13.72	13.6	12.55	11.35	11.43
Change in Accounts Receivable	4.02	5.04	1.17	-7.97	-27.51
Change in Accounts Payable	-8.54	-14.47	-5.86	24.81	51.79
Change in Other Net Operating Assets	-5.93	8.89	-11.19	-10.02	-0.43
Other Operating Activities	5.37	-44.54	5.84	7.43	3.59
Operating Cash Flow	249.73	275	236.2	278.75	70.77
Operating Cash Flow Growth	-9.19%	16.43%	-15.26%	293.90%	-
Acquisition of Real Estate Assets	-97.4	-128.75	-200.63	-363.91	-337.37
Sale of Real Estate Assets	102.64	-	314.94	248.91	255.93
Net Sale / Acq. of Real Estate Assets	5.24	-128.75	114.31	-115	-81.44
Other Investing Activities	5.08	35.92	27.72	5.61	-0.13
Investing Cash Flow	10.32	-92.83	142.02	-109.39	-81.57
Short-Term Debt Issued	-	-	10	190.15	-
Long-Term Debt Issued	400	400	140	1,380	268.6
Total Debt Issued	400	400	150	1,570	268.6
Short-Term Debt Repaid	-	-	-10	-190.15	-
Long-Term Debt Repaid	-511.2	-465.43	-211.09	-1,435	-432.24
Total Debt Repaid	-511.2	-465.43	-221.09	-1,625	-432.24
Net Debt Issued (Repaid)	-111.2	-65.43	-71.09	-54.96	-163.64
Repurchase of Common Stock	-72.65	-16.85	-92.75	-70.72	-0.72
Preferred Stock Issued	-	-	-	-	480
Preferred Share Repurchases	-6.06	-	-15.79	-16	-250
Common Dividends Paid	-4.76	-4.87	-4.97	-5.29	-5.28
Preferred Dividends Paid	-47.16	-47.18	-48.61	-47.37	-39.44
Total Dividends Paid	-51.92	-52.05	-53.58	-52.66	-44.72
Other Financing Activities	-39.6	-23.89	-3.64	-15	-54.17
Net Cash Flow	-21.39	23.95	141.37	-39.98	-44.05
Cash Interest Paid	99.18	100.42	105.52	82.85	84.45
Cash Income Tax Paid	1.41	2.58	-2.55	-2.3	-0.26
Levered Free Cash Flow	223.79	202.16	312.91	169.18	82.26
Unlevered Free Cash Flow	275.86	258.11	373.07	218.22	126.03
Change in Working Capital	7.42	18.17	-8.35	10.66	49.59

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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