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, Inc. (NYSE: APLE) is a lodging-focused real estate investment trust that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Its hotels operate under well-known brands, including Marriott, Hilton and Hyatt, along with at least one independent property. The APLE news feed on Stock Titan brings together the company’s press releases and other coverage in one place.
Investors following APLE news can see regular announcements about monthly cash distributions, quarterly and annual financial results, and updates on portfolio performance metrics such as ADR, Occupancy and RevPAR. Apple Hospitality frequently reports on its Comparable Hotels performance, non-GAAP measures like Adjusted EBITDAre and MFFO, and commentary from management on trends affecting its lodging portfolio.
News for Apple Hospitality REIT also highlights transactional activity, including hotel acquisitions, dispositions and forward-purchase or development contracts. Recent items have covered the acquisition of a Motto by Hilton in downtown Nashville, the purchase of a Homewood Suites by Hilton in the Tampa–Brandon area, and the sale of non-core hotels such as a Houston Marriott property. The company also announces contracts for future hotels in markets like Anchorage, Alaska, and Las Vegas, Nevada.
In addition, APLE news includes disclosures on corporate responsibility, such as the publication of its annual Corporate Responsibility Report detailing environmental stewardship, social responsibility and governance practices. For shareholders and analysts, this page offers a centralized view of Apple Hospitality’s distributions, operating updates, capital allocation decisions and corporate responsibility initiatives. Bookmark this feed to monitor new releases, earnings-related announcements and other material developments for Apple Hospitality REIT, Inc.
Apple Hospitality REIT, Inc. (NYSE: APLE) has declared a regular monthly cash distribution of $0.05 per common share for May 2022, payable on May 16, 2022. Shareholders of record as of May 3, 2022 will be eligible for this distribution. Based on the stock's closing price of $17.97 on April 20, 2022, this distribution results in an annual yield of approximately 3.3%. The company operates a diverse portfolio of 219 hotels across the U.S., with a total of more than 28,700 guest rooms.
Apple Hospitality REIT, Inc. (NYSE: APLE) will report its first quarter 2022 financial results on May 5, 2022, after market close. A conference call will follow on May 6, 2022, at 10:00 a.m. ET for discussion of results. Dial-in numbers are 877-407-9039 for U.S. participants and 201-689-8470 for international participants. A replay is available from 1:00 p.m. ET on May 6 to 11:59 p.m. ET on May 27. Apple Hospitality manages a portfolio of 219 hotels across 36 states.
Apple Hospitality REIT, Inc. (NYSE: APLE) announced a regular monthly cash distribution of $0.05 per common share for April 2022, payable on April 18, 2022. This distribution equates to an annual yield of approximately 3.3% based on a closing stock price of $18.29 as of March 17, 2022. Additionally, the Company's Annual Meeting of Shareholders is scheduled for May 13, 2022, open to shareholders of record as of March 18, 2022.
Apple Hospitality REIT (NYSE: APLE) reported a significant financial recovery for Q4 2021 and the full year. Net income rose to $13.2 million, compared to a loss of $51.2 million in Q4 2020. Adjusted EBITDAre surged by 353.1% to $73.4 million for the quarter, while MFFO reached $58.6 million. The company reinstated monthly distributions at $0.05 per share, signaling confidence in its recovery. As of December 31, 2021, occupancy was 67.5%, with RevPAR growing 94.5% year-over-year. Despite challenges from the Omicron variant, Apple Hospitality remains optimistic about future growth.
Apple Hospitality REIT, Inc. (NYSE: APLE) will report its fourth quarter and full year financial results on February 22, 2022, after market close. A conference call for investors is set for February 23, 2022, at 10:00 a.m. Eastern Time, accessible via phone or live webcast. The company owns 219 hotels across 36 states, featuring prominent brands like Marriott and Hilton. A replay of the call will be available post-event until March 16, 2022. Investors can find more information on their website.
Apple Hospitality REIT, Inc. (NYSE: APLE) has announced a quarterly cash distribution of $0.01 per common share for the fourth quarter of 2021. This distribution will be payable on January 18, 2022, to shareholders recorded as of December 31, 2021. Apple Hospitality operates a diverse portfolio of 219 hotels with over 28,700 guest rooms across the United States, focusing primarily on upscale accommodations under major brands such as Marriott and Hilton.
Apple Hospitality REIT, Inc. (NYSE: APLE) has acquired a portfolio of three hotels for $126 million. The acquisitions include the Hilton Garden Inn and Homewood Suites in Fort Worth, Texas, and the Hampton Inn & Suites in Portland, Oregon. The Fort Worth properties cost $29.5 million and $21.5 million, respectively, while the Portland hotel was acquired for $75 million. These transactions are expected to enhance Apple Hospitality's market presence and align with its ownership strategy while pursuing further portfolio optimization.
Apple Hospitality REIT (NYSE: APLE) reported strong third-quarter results for 2021, with a net income of $31.8 million compared to a loss of $40.9 million in 2020. The company achieved an Adjusted EBITDAre of $92.2 million, a 229.6% increase year-over-year. Occupancy rates improved to 71.5%, up 47.1% from the prior year, and the Average Daily Rate (ADR) rose 33.6% to $140.02. Additionally, the portfolio's RevPAR nearly doubled compared to 2020. The firm also successfully exited a covenant waiver period and completed multiple acquisitions and dispositions of hotels, enhancing its operational efficiency.
Apple Hospitality REIT, Inc. (NYSE: APLE) will report its Q3 2021 financial results on November 4, 2021, after market close. A conference call for discussion will take place on November 5, 2021, at 10:00 a.m. Eastern Time. Investors can access the call via phone or live webcast. A replay will be available from 1:00 p.m. Eastern Time on the same day until November 26, 2021. The company operates 215 hotels across 35 states, with a focus on Marriott and Hilton brands.
Apple Hospitality REIT, Inc. (NYSE: APLE) has declared a quarterly cash distribution of $0.01 per common share for Q3 2021. This distribution is to be paid on October 18, 2021, to shareholders of record as of September 30, 2021. The company operates a diverse portfolio of 215 upscale hotels across 35 states in the U.S., prominently featuring brands like Marriott and Hilton. While the announcement reflects ongoing commitment to shareholder returns, the potential impact of COVID-19 variants remains a critical risk factor for the company's future performance.