PEBBLEBROOK HOTEL TR

CUSIP: 70509V704 Class: 6.3 CUM PFD SR F

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (3)

Apollo Management Holdings, L.P.
Value ($000) $773 Shares 40,594
Kestra Advisory Services, LLC
Value ($000) $21 Shares 1,100
MAI Capital Management
Value ($000) $0 Shares 24

Increased Positions (2)

INFRASTRUCTURE CAPITAL ADVISORS, LLC
Value ($000) $16,163 (+7.9%) Shares 848,469 (+8.5%)
COMERICA BANK
Value ($000) $4 (+29.5%) Shares 206 (+37.3%)

Decreased Positions (8)

LDR Capital Management LLC
Value ($000) $2,141 (-41.0%) Shares 112,387 (-37.5%)
Uniplan Investment Counsel, Inc.
Value ($000) $869 (-10.6%) Shares 45,642 (-5.2%)
HighTower Advisors, LLC
Value ($000) $683 (-40.1%) Shares 35,863 (-36.4%)
BlackRock, Inc.
Value ($000) $8,773 (-10.1%) Shares 460,509 (-4.7%)
Nuveen, LLC
Value ($000) $3,531 (-10.0%) Shares 185,337 (-4.6%)
One Capital Management, LLC
Value ($000) $721 (-7.3%) Shares 37,841 (-1.7%)
WELLS FARGO & COMPANY/MN
Value ($000) $488 (-7.0%) Shares 25,611 (-1.4%)
MORGAN STANLEY
Value ($000) $0 (-94.8%) Shares 2 (-94.6%)

Exited Positions (2)

SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $241 Shares 11,953
UBS Group AG
Value ($000) $23 Shares 1,152