SCHEDULE: Vanguard Boosts Stake in Pebblebrook Hotel Trust to 15.07%

The Vanguard Group has reported an increased beneficial ownership of 15.07% in Pebblebrook Hotel Trust, holding 17,878,699 common shares.

Summary

• The Vanguard Group, an investment adviser, has filed an Amendment No. 15 to Schedule 13G regarding its beneficial ownership in Pebblebrook Hotel Trust.
• As of September 30, 2025, Vanguard beneficially owns 17,878,699 shares of Pebblebrook Hotel Trust's Common Stock.
• This represents 15.07% of the class of securities.
• Vanguard holds sole voting power over 0 shares and shared voting power over 825,792 shares.
• Vanguard holds sole dispositive power over 16,914,942 shares and shared dispositive power over 963,757 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a factual report of beneficial ownership and does not contain information that would inherently suggest a positive or negative sentiment regarding the company's performance or prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the issuer's future performance or outlook.

Industry Context

Pebblebrook Hotel Trust operates as a real estate investment trust (REIT) focused on the hotel sector. The filing indicates a significant, albeit passive, institutional ownership stake by The Vanguard Group, a common occurrence for publicly traded REITs and other companies, reflecting their inclusion in various index funds and managed portfolios.

Comparison to Industry Standards

• Institutional ownership by large asset managers like Vanguard is standard across the REIT sector, as these companies are often included in broad market and sector-specific index funds.
• A 15.07% stake is a substantial holding for a single institutional investor, indicating a significant allocation within Vanguard's various funds and client accounts.

Stakeholder Impact

• Shareholders: The significant institutional ownership by Vanguard provides a degree of stability and liquidity to the stock, as large, passive investors typically hold for the long term.
• Company Management: Awareness of a major institutional holder like Vanguard can influence corporate governance practices, though Vanguard explicitly states its holdings are not for control purposes.

Key Dates

Keywords

Pebblebrook Hotel Trust, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, Hotel REIT, Institutional Investor, Investment Adviser