Pebblebrook Hotel Trust Declares Dividends for Third Quarter 2018
Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that its Board of Trustees has authorized, and the Company
has declared, a quarterly cash dividend of $0.38 per common share of beneficial interest, to be paid on October 15, 2018 to
shareholders of record as of September 28, 2018 (the “Record Date”). The common dividend represents an annualized yield of
approximately 4.2 percent based on the closing price of the Company’s common shares on September 14, 2018.
The Board of Trustees also authorized, and the Company has declared, a regular quarterly cash dividend of $0.40625 per share of
the Company’s 6.50% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest and a regular quarterly cash dividend of
$0.39844 per share of the Company’s 6.375% Series D Cumulative Redeemable Preferred Shares of Beneficial Interest, each of which
will be paid on October 15, 2018 to shareholders of record as of the Record Date.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and
invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 28
hotels, with a total of 6,973 guest rooms. The Company owns hotels located in 9 states and the District of Columbia, including: Los
Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Washington,
DC; Coral Gables, Florida; Naples, Florida; Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota; Portland, Oregon;
Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington. For more information,
please visit us at
www.pebblebrookhotels.com and follow us on Twitter at @PebblebrookPEB.
This press release contains statements that are “forward-looking statements” within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor
provisions of the Private Securities Reform Act of 1995. Forward-looking statements are generally identifiable by use of
forward-looking terminology such as “may,” “will” or other similar words or expressions. These forward-looking statements
relate to the payment of the dividends. Forward-looking statements are based on certain assumptions and can include future
expectations, future plans and strategies, financial and operating projections or other forward-looking information. These
forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of
which are beyond the Company’s control, which could cause actual results to differ materially from such statements. These
risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry and
other factors as are described in greater detail in the Company’s filings with the Securities and Exchange Commission (“SEC”),
including, without limitation, the Company’s Annual Report on Form 10-K for the year ended December 31, 2017. Unless legally
required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information,
future events or otherwise.
For information about the Company’s business and financial results, please refer to the “Management’s Discussion and Analysis
of Financial Condition and Results of Operations” and “Risk Factors” sections of the Company’s SEC filings, including, but not
limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, copies of which may be obtained at the Investor
Relations section of the Company’s website at
www.pebblebrookhotels.com and at
www.sec.gov.
All information in this release is as of September 17, 2018. The Company undertakes no duty to update the statements
in this release to conform the statements to actual results or changes in the Company’s expectations.
For additional information or to receive press releases via email, please visit our website at
www.pebblebrookhotels.com
Pebblebrook Hotel Trust
Raymond D. Martz, Chief Financial Officer
240-507-1330
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