Pebblebrook Hotel Trust Declares Dividends for First Quarter 2019

BETHESDA, Md.–(BUSINESS WIRE)–lt;a href="https://twitter.com/search?q=%24PEB&src=ctag" target="_blank"gt;$PEBlt;/agt; lt;a href="https://twitter.com/hashtag/PEB?src=hash" target="_blank"gt;#PEBlt;/agt;–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 April 15, 2019 to shareholders of record as of
March 29, 2019 (the “Record Date”). The common dividend represents an
annualized yield of approximately 4.7 percent based on the closing price
of the Company’s common shares on March 14, 2019.

The Board of Trustees also authorized, and the Company has declared,
regular quarterly cash dividends on the Company’s preferred shares of
beneficial interest as follows, each of which will be paid on April 15,
2019 to shareholders of record as of the Record Date:

  • $0.40625 per 6.50% Series C Cumulative Redeemable Preferred Share;
  • $0.39844 per 6.375% Series D Cumulative Redeemable Preferred Share;
  • $0.39844 per 6.375% Series E Cumulative Redeemable Preferred Share; and
  • $0.39375 per 6.30% Series F Cumulative Redeemable Preferred Share.

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 61 hotels, totaling
approximately 14,600 guest rooms, located in 10 states and the
District of Columbia, including: Del Mar, California; Los Angeles,
California (Beverly Hills, Santa Monica and West Hollywood); San Diego,
California; San Francisco, California; Santa Cruz, California;
Washington, DC; Coral Gables, Florida; Key West, Florida; Naples,
Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts;
New York, New York; 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.

For further 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.

This press release contains certain “forward-looking statements” made
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,” “should,” “potential,” “intend,” “expect,” “seek,” “anticipate,”
“estimate,” “approximately,” “believe,” “could,” “project,” “predict,”
“forecast,” “continue,” “assume,” “plan,” references to “outlook” or
other similar words or expressions. Forward-looking statements are based
on certain assumptions and can include future expectations, future plans
and strategies, financial and operating projections and forecasts and
other forward-looking information and estimates.
Examples of
forward-looking statements include the following: projections and
forecasts of U.S. GDP growth, U.S. hotel industry RevPAR growth, the
Company’s net income, FFO, EBITDA, Adjusted FFO, Adjusted EBITDAre,
RevPAR, EBITDA Margin and EBITDA Margin growth, and the Company’s
expenses, share count or other financial items; descriptions of the
Company’s plans or objectives for future operations, acquisitions,
dispositions or services; forecasts of the Company’s future economic
performance and its share of future markets; forecasts of hotel industry
performance; and descriptions of assumptions underlying or relating to
any of the foregoing expectations including assumptions regarding the
timing of their occurrence.
These forward-looking statements are
subject to various risks and uncertainties, 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 and the supply of
hotel properties, and other factors as are described in greater detail
in the Company’s filings with the Securities and Exchange Commission,
including, without limitation, the Company’s Annual Report on Form 10-K
for the year ended December 31, 2018.
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 further 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.

All information in this press release is as of March 15, 2019. The
Company undertakes no duty to update the statements in this press
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

Contacts

Raymond D. Martz, Chief Financial Officer, Pebblebrook Hotel Trust –
(240) 507-1330