Pebblebrook Hotel Trust Declares Dividends for the First Quarter 2012
March 15 2012 - 5:38PM
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 April 16, 2012 to shareholders of record as of March 30,
2012. The common dividend represents an annualized yield of
approximately 2.0% based on the closing price of the common shares
on March 15, 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 April 16, 2012 to shareholders
of record as of March 30, 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
April 16, 2012 to shareholders of record as of March 30, 2012.
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 20
hotels, comprised of 14 wholly owned hotels, with a total of 3,812
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: Bethesda, Maryland; San Francisco,
California; Buckhead, Georgia; Washington, DC; Minneapolis,
Minnesota; Columbia River Gorge, Washington; Santa Monica,
California; Philadelphia, Pennsylvania; San Diego, California;
Seattle, Washington; West Hollywood, California; Miami, Florida;
Boston, Massachusetts; and New York, New York. 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 March 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
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