Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") organized in December 2009 to opportunistically acquire and invest in upper upscale, full service hotel and resort properties located in or near urban markets in major United States gateway cities.
Our mission is to deliver long-term industry-leading total returns to our shareholders, including a reliable stream of income, through opportunistic investment in high-quality lodging properties, utilizing a conservative capital structure. We aim to achieve this mission through investing based on extensive research; focusing on properties with operational and redevelopment opportunities; and staffing for intensive asset management and operational involvement.
We have elected and are qualified to be taxed as a REIT for federal income tax purposes and operate as an internally managed and administered REIT. As a REIT, we hold interests in real estate assets and strive to reduce our federal taxable income by distributing a significant portion of our federal taxable income in the form of taxable dividends to our shareholders. The Company currently pays a quarterly dividend to its common shareholders.