Pebblebrook Hotel Trust (PEB) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: April 28, 2026

Risk Assessment Details

Potential Dilution: 15.28% of current shares
Recent Dilution: 0.11% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
110M
Potential Supply
17M
Additional shares possible
Splits
None
Past 2 years

Summary

PEB currently has 113M outstanding shares. with limited dilution risk as only 17.3M additional shares (15.3%) are authorized for issuance. The company has minimally diluted shareholders by 0.11% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 28, 2026

10-Q filing | 113.3M shares outstanding

110M 17M
Nov 05, 2025

10-Q filing | 117.6M shares outstanding

120M 13M
Sep 22, 2025

8-K filing: Pebblebrook Hotel Trust closed a private offering of 1.625% Convertible Senior Notes due 2030 and used a portion of the proceeds to repurchase approximately 4.3 million common shares at $11.56 per share.

120M 12M
Jul 29, 2025

10-Q filing | 118.4M shares outstanding

120M 12M
May 23, 2025

8-K filing: Pebblebrook Hotel Trust amends its 2009 Equity Incentive Plan, increasing the number of shares available for issuance by 3,000,000 and extending the grant period until June 30, 2036.

120M 11M
May 01, 2025

10-Q filing | 119.2M shares outstanding

120M 11M
Feb 26, 2025

10-K filing | 119.8M shares outstanding

120M 11M
Nov 07, 2024

10-Q filing | 119.6M shares outstanding

120M 11M
Jul 24, 2024

10-Q filing | 120.1M shares outstanding

120M 11M
Apr 23, 2024

10-Q filing | 120.1M shares outstanding

120M 11M
Feb 21, 2024

10-K filing | 121.8M shares outstanding

120M 8.8M
Oct 26, 2023

10-Q filing | 120.1M shares outstanding

120M 11M
Jul 27, 2023

10-Q filing | 121.7M shares outstanding

120M 8.9M
Apr 26, 2023

10-Q filing | 125.5M shares outstanding

130M 5.2M
Feb 21, 2023

10-K filing | 130.5M shares outstanding

130M 190K
Jan 03, 2023

8-K filing: Pebblebrook Hotel Trust repurchased 1.0 million of its 5.70% Cumulative Redeemable Preferred Shares of Beneficial Interest, $0.01 par value per share (Series H Preferred Shares), for a total of $16.0 million from available cash and subsequently cancelled the shares, leaving 9,000,000 Series H Preferred Shares outstanding. ($16.0M proceeds)

130M 0
Oct 27, 2022

10-Q filing | 131.1M shares outstanding

130M 0
Jul 26, 2022

10-Q filing | 130.9M shares outstanding

130M 0
May 12, 2022

8-K filing: Pebblebrook Hotel Trust acquired the Inn on Fifth by issuing 16,291 common units of Pebblebrook Hotel, L.P. and 3,104,400 Series Z Preferred Units. ($78.0M proceeds)

130M 0
Apr 26, 2022

10-Q filing | 130.9M shares outstanding

130M 0
Feb 22, 2022

10-K filing | 130.8M shares outstanding

130M 0
Oct 28, 2021

10-Q filing | 130.8M shares outstanding

130M 0
Jul 29, 2021

10-Q filing | 130.8M shares outstanding

130M 0
Jul 27, 2021

8-K filing: Pebblebrook Hotel Trust completed an underwritten public offering of 10,000,000 Series H Preferred Shares, generating net proceeds of approximately $242.0 million. ($242.0M proceeds)

130M 0
May 21, 2021

8-K filing: Pebblebrook Hotel Trust's shareholders approved an amendment to the 2009 Equity Incentive Plan, increasing the number of common shares available for issuance by 1,675,000 shares, effective May 19, 2021.

130M 0
May 12, 2021

8-K filing: Pebblebrook Hotel Trust filed Articles Supplementary designating 9,200,000 preferred shares and entered into a purchase agreement to offer and sell 8,000,000 Series G Preferred Shares, with an option for underwriters to purchase an additional 1,200,000 shares, estimating net proceeds of $222.6 million. ($222.6M proceeds)

130M 0
Apr 29, 2021

10-Q filing | 130.8M shares outstanding

130M 0
Feb 23, 2021

10-K filing | 130.6M shares outstanding

130M 36K
Dec 10, 2020

POS AM filing: The filing registers an indeterminate principal amount of debt securities and an indeterminate number of common shares of beneficial interest, or common shares, and preferred shares of beneficial interest, or preferred shares, warrants and units as may from time to time be issued at indeterminate prices.

130M 0
Oct 29, 2020

10-Q filing | 130.6M shares outstanding

130M 0
Jul 30, 2020

10-Q filing | 130.6M shares outstanding

130M 0
May 07, 2020

10-Q filing | 130.6M shares outstanding

130M 0
Feb 20, 2020

10-K filing | 130.5M shares outstanding

130M 0
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