BETHESDA, Md.--(BUSINESS WIRE)--
Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that
its Board of Trustees has declared a quarterly cash dividend of $0.12
per common share of beneficial interest, to be paid on July 16, 2012 to
shareholders of record as of June 29, 2012. The common dividend
represents an annualized yield of approximately 2.1% based on the
closing price of the common shares on June 14, 2012.
The Board of Trustees also authorized, and the Company has declared, a
quarterly cash dividend of $0.4921875 per share of the Company’s 7.875%
Series A Cumulative Redeemable Preferred Shares of Beneficial Interest,
to be paid on July 16, 2012 to shareholders of record as of June 29,
2012, and a quarterly cash dividend of $0.50 per share of the Company’s
8.0% Series B Cumulative Redeemable Preferred Shares of Beneficial
Interest, to be paid on July 16, 2012 to shareholders of record as of
June 29, 2012.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust (NYSE: PEB) 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 21 hotels, comprised
of 15 wholly owned hotels, with a total of 3,920 guest rooms and a 49
percent joint venture interest in six hotels with 1,733 guest rooms. The
Company owns, or has an ownership interest in, hotels located in nine
states and the District of Columbia, including 14 markets: San Diego,
California; San Francisco, California; Santa Monica, California; West
Hollywood, California; Washington, DC; Miami, Florida; Buckhead,
Georgia; Bethesda, Maryland; Boston, Massachusetts; Minneapolis,
Minnesota; New York, New York; Philadelphia, Pennsylvania; Columbia
River Gorge, Washington; and Seattle, Washington. For more information,
please visit www.pebblebrookhotels.com.
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,” “should,” “potential,” “intend,” “expect,” “seek,”
“anticipate,” “estimate,” “approximately,” “believe,” “could,”
“project,” “predict,” “forecast,” “continue,” “plan” 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, 2011.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 June 15, 2012.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
Source: Pebblebrook Hotel Trust