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Pebblebrook Hotel Trust cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$69.1M in Q3 2026 · $220M over twelve months

Operating cash flow$84.9M
Capital spending−$15.8M
Free cash flow+$69.1M

Analysis

In Q3 2026, Pebblebrook Hotel Trust generated $84.9M of operating cash flow and spent $15.8M on capital projects, leaving free cash flow of $69.1M. That is $12.8M more than in Q3 2025 ($56.3M).

Over the twelve months to Sep 30, 2026, operating cash flow was $287M; the largest uses were net borrowing (+) / repaid (−) ($159M), other financing ($70.0M), capital spending ($66.9M); besides operations, cash came from asset & business sales ($119M), other investing ($3.2M); the cash balance rose by $65.8M.

Operating cash flow was $84.9M against net income of −$54.6M. The largest differences: payables +$12.6M, prepaid and other assets −$11.1M, deferred taxes +$2.8M.

Free cash flow

Pebblebrook Hotel Trust: free cash flow by quarterPebblebrook Hotel Trust: free cash flow by quarter$41.4MQ4 2024$29.7MQ1 2025$61.7MQ2 2025$56.3MQ3 2025$4.6MQ4 2025$72.1MQ1 2026$73.8MQ2 2026$69.1MQ3 2026
Operating cash flow less capital spending.
Pebblebrook Hotel Trust: operating cash flow against capital spendingPebblebrook Hotel Trust: operating cash flow against capital spendingOperating cash flowCapital spending$69.3M$27.9MQ4 2024$50.3M$20.7MQ1 2025$90.5M$28.9MQ2 2025$77.6M$21.2MQ3 2025$31.3M$26.6MQ4 2025$84.1M$11.9MQ1 2026$86.3M$12.5MQ2 2026$84.9M$15.8MQ3 2026
Latest (Q3 2026): Operating cash flow $84.9M, Capital spending $15.8M.

Capital allocation, year by year

Pebblebrook Hotel Trust: where the cash came from (up) and went (down), by fiscal yearPebblebrook Hotel Trust: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $70.8MFY2021: Net borrowing −$164MFY2021: Shares issued $480MFY2021: Asset sales $256MFY2021: Capital spending −$83.8MFY2021: Buybacks −$720KFY2021: Dividends −$5.3M$807MFY2021FY2022: Operating cash flow $279MFY2022: Net borrowing −$55.0MFY2022: Asset sales $249MFY2022: Capital spending −$117MFY2022: Buybacks −$70.7MFY2022: Dividends −$5.3M$528MFY2022FY2023: Operating cash flow $236MFY2023: Net borrowing −$71.1MFY2023: Asset sales $315MFY2023: Capital spending −$201MFY2023: Buybacks −$92.8MFY2023: Dividends −$5.0M$551MFY2023FY2024: Operating cash flow $275MFY2024: Net borrowing −$65.4MFY2024: Capital spending −$129MFY2024: Buybacks −$16.9MFY2024: Dividends −$4.9M$275MFY2024FY2025: Operating cash flow $250MFY2025: Net borrowing −$111MFY2025: Asset sales $103MFY2025: Capital spending −$97.4MFY2025: Buybacks −$72.6MFY2025: Dividends −$4.8M$352MFY2025
Over these 5 years operating cash flow totalled $1.1B; the largest uses were capital spending ($627M) and net borrowing ($466M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$288M
Debt$2.1B
Net debt$1.8B
Due within a year$392M

Pebblebrook Hotel Trust funds itself: free cash flow was $220M over the last twelve months, and $288M of cash and investments stands against $2.1B of debt ($392M due within a year, 0.7× covered by cash).

Pebblebrook Hotel Trust: debt maturities by year (FY2025)Pebblebrook Hotel Trust: debt maturities by year (FY2025)$392MYear 1$362MYear 2$405MYear 3$585MYear 4$400MYear 5
Principal due in each year as disclosed in the annual report, against $288M of cash and investments now.

Where the cash came from and went

Pebblebrook Hotel Trust: sources (+) and uses (−) of cash, Q3 2026Pebblebrook Hotel Trust: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$84.9MCash drawn (+) / kept (−)−$27.5MBuybacks−$20.9MOther financing−$19.0MCapital spending−$15.8MDividends−$1.1MNet borrowing (+) / repaid (−)−$577KOther investing−$60K
Pebblebrook Hotel Trust: sources (+) and uses (−) of cash, TTM to Q3 2026Pebblebrook Hotel Trust: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$287MNet borrowing (+) / repaid (−)−$159MAsset & business sales$119MOther financing−$70.0MCapital spending−$66.9MCash drawn (+) / kept (−)−$65.8MBuybacks−$41.8MDividends−$4.6MOther investing$3.2M

From profit to cash

Pebblebrook Hotel Trust: net income to operating cash flow, Q3 2026Pebblebrook Hotel Trust: net income to operating cash flow, Q3 2026Net income−$54.6MStock-based pay$2.6MDeferred taxes$2.8MOther non-cash−$1.1MReceivables$817KPayables$12.6MDeferred revenue−$2.0MPrepaid and other assets−$11.1MOperating cash flow$84.9M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$84.9M−$15.8M−$20.9M−$1.1M−$577K−$27.5M$69.1M
Q2 2026$86.3M−$12.5M−$8.0M−$1.1M−$578K−$65.8M$73.8M
Q1 2026$84.1M−$11.9M−$5.9M−$1.1M−$40.8M−$8.4M$72.1M
Q4 2025$31.3M−$26.6M−$7.0M−$1.2M−$118M$35.9M$4.6M
Q3 2025$77.6M−$21.2M−$50.0M−$1.2M$7.5M$35.0M$56.3M
Q2 2025$90.5M−$28.9M−$1.0M−$1.2M−$549K−$49.0M$61.7M
Q1 2025$50.3M−$20.7M−$14.6M−$1.2M−$549K−$595K$29.7M
Q4 2024$69.3M−$27.9M—−$1.2M$45.9M−$73.3M$41.4M

Pebblebrook Hotel Trust: income statement and cash flow

Pebblebrook Hotel Trust, Q3 2026: revenue $403M (+1% year over year), operating margin -6.9%. The chart follows the revenue to costs, profit and cash.

Pebblebrook Hotel Trust: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.