Pebblebrook Hotel Trust declares dividend for first quarter 2025
- Pebblebrook Hotel Trust announced a quarterly cash dividend of $0.01 per common share.
- The dividend is scheduled for payment on April 15, 2025, to shareholders of record by March 31, 2025.
- This decision reflects the company’s commitment to shareholder value despite economic uncertainties.
On March 14, 2025, Pebblebrook Hotel Trust, a publicly traded real estate investment trust based in Bethesda, Maryland, announced a significant financial decision regarding its dividends. The Board of Trustees has authorized a quarterly cash dividend of $0.01 per common share of beneficial interest. This dividend is set to be paid on April 15, 2025, to shareholders who are on record as of March 31, 2025. In addition to the common shares, the company plans to distribute regular quarterly cash dividends on its preferred shares of beneficial interest, also scheduled for payment on the same date. Pebblebrook Hotel Trust operates 46 hotels, totaling approximately 12,000 guest rooms located across 13 urban and resort markets. The decision to issue the dividend showcases the company's commitment to maintaining shareholder value, even amidst various economic challenges. The Company recognizes its responsibility to its investors, especially in fluctuating markets where economic uncertainties can impact performance. The announcement includes remarks on the forward-looking statements made pursuant to the Private Securities Reform Act of 1995. It is important to note that these statements are subject to a range of risks and uncertainties, which may cause actual results to differ materially from what is projected. The risks mentioned include the economic state of the United States, changes in the hotel property supply, and other market factors that could affect the company’s operations and dividend payments. Despite the challenges that could arise, Pebblebrook Hotel Trust’s decision to authorize dividends reflects an optimistic outlook towards future performance and the trust in their operational abilities. This initiative could inspire confidence among current and potential shareholders, signaling solid management and financial health within the company and aligning with investor interests.