Welcome to our dedicated page for Apple Hospitality Reit news (Ticker: APLE), a resource for investors and traders seeking the latest updates and insights on Apple Hospitality Reit stock.
Apple Hospitality REIT reports recurring developments tied to its U.S. lodging portfolio, including quarterly operating results, monthly common-share distributions, hotel operating metrics and portfolio activity. The company is a publicly traded REIT focused on upscale, rooms-focused hotels operated primarily under Marriott, Hilton and Hyatt brands, with income derived from hotel revenue.
News items also cover shareholder meeting matters, investor conference scheduling, hotel acquisitions, management-company recognition programs and updates on balance-sheet and REIT-related topics. Operating updates commonly reference measures such as RevPAR, occupancy, average daily rate, Adjusted EBITDAre and modified funds from operations.
Apple Hospitality REIT, Inc. (NYSE: APLE) has released its first Corporate Responsibility Report, showcasing its environmental, social, and governance (ESG) initiatives. The report highlights the Company's commitment to sustainability and positive community impact. Apple Hospitality oversees a portfolio of 220 hotels with approximately 29,000 rooms across 37 states. CEO Justin Knight emphasizes that high ESG standards are vital for long-term shareholder value. The report utilizes Global Reporting Initiative and Task Force on Climate-related Financial Disclosures standards for comprehensive disclosures.
Apple Hospitality REIT, Inc. (NYSE: APLE) declared a regular monthly cash distribution of $0.08 and a special cash distribution of $0.08 per common share, totaling $0.16 per share. This is payable on January 17, 2023, to shareholders of record as of December 30, 2022. With a closing stock price of $16.11 on December 19, 2022, the annual yield for the monthly cash distribution is approximately 6.0%. The company manages a diverse portfolio of 220 upscale hotels across 37 states.
Apple Hospitality REIT, Inc. (NYSE: APLE) has announced a monthly cash distribution of $0.08 per common share for December 2022. This distribution, to be paid on December 15, 2022, is for shareholders on record by December 2, 2022. Based on a closing stock price of $15.97 on November 17, 2022, this equates to an annual yield of approximately 6.0%. The company operates a diverse portfolio of 220 hotels across 37 states, primarily under Marriott and Hilton brands.
Apple Hospitality REIT (NYSE: APLE) reported strong Q3 2022 results, with net income reaching $59.1 million, up 86.2% year-over-year. Net income per share was $0.26, an 85.7% increase compared to the prior year. Adjusted EBITDAre rose 29% to $118.9 million. Key metrics include an Average Daily Rate (ADR) of $157.91, a 12.8% increase from Q3 2021, and occupancy at 75.7%. The company increased monthly distributions from $0.05 to $0.08 per share. Recent acquisitions and refinancing efforts have enhanced liquidity and financial flexibility, positioning the company for future growth.
Apple Hospitality REIT (NYSE: APLE) announced the acquisition of two AC Hotels for a total of $85 million, enhancing its portfolio to 220 hotels with 28,983 rooms across 37 states. The AC Hotel Louisville Downtown was acquired for $51 million, approximately $327,000 per key, while the AC Hotel Pittsburgh Downtown was purchased for $34 million, approximately $254,000 per key. Both hotels are strategically located to capitalize on business and leisure demand, with recent performance exceeding pre-pandemic levels.
Apple Hospitality REIT, Inc. (NYSE: APLE) has increased its monthly cash distribution from $0.07 to $0.08 per common share, effective November 2022. The distribution is payable on November 15, 2022, to shareholders of record as of November 2, 2022. With a closing stock price of $16.10 on October 19, 2022, this new annualized distribution yields approximately 6.0%. CEO Justin Knight expressed optimism about the company’s recovery and strong portfolio, indicating confidence in travel demand and shareholder returns.
Apple Hospitality REIT, Inc. (NYSE: APLE) announced a monthly cash distribution of $0.07 per common share for October 2022, payable on October 17, 2022. This distribution reflects an annual yield of approximately 5.3% based on the stock's closing price of $15.88 on September 19, 2022. The Company operates a diverse portfolio of 218 hotels across 36 states, representing leading brands such as Marriott and Hilton. The Company also cautioned about ongoing risks from the COVID-19 pandemic affecting its business and financial performance.
Apple Hospitality REIT, Inc. (NYSE: APLE) will report its third quarter 2022 financial results after market close on November 7, 2022. A conference call is scheduled for November 8, 2022, at 10:00 a.m. ET to discuss these results. Investors can access the call via telephone or through a live webcast on the company's website. A replay will be available shortly after the call until November 29, 2022. The company operates a diverse portfolio of 218 hotels across 36 states, primarily branded by Marriott and Hilton.
Apple Hospitality REIT (NYSE: APLE) announced an increase in its monthly cash distributions from $0.05 to $0.07 per common share, effective September 2022. The monthly cash distribution will be payable on September 15, 2022, to shareholders of record as of September 2, 2022. This new annualized distribution of $0.84 per share reflects an approximate annual yield of 4.9%. CEO Justin Knight highlighted the strong performance exceeding expectations and the strategic focus on maximizing shareholder value, positioning the company for growth despite ongoing uncertainties in the hospitality sector.
Apple Hospitality REIT (NYSE: APLE) reported impressive second-quarter results for 2022, with net income rising to $65.3 million, a 222.2% increase year-over-year. Adjusted EBITDAre also surged by 46.1% to $126.2 million. Earnings per share reached $0.29, reflecting strong operational performance driven by robust leisure demand and improving business travel. The company maintained high occupancy rates of 77.9% and achieved a record Average Daily Rate (ADR) of $153.35. Additionally, Apple Hospitality enhanced its financial flexibility by amending its credit facility, increasing borrowing capacity to $1.2 billion.