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 (NYSE: APLE) will report its Q2 2024 financial results on August 5, 2024, post-market close. A conference call will follow on August 6, 2024, at 10:00 a.m. Eastern Time. The call can be accessed via telephone or live webcast. A replay will be available from August 6 through August 20, 2024.
Apple Hospitality owns 224 upscale hotels with 29,900 rooms across 87 markets in 37 states and Washington, D.C. Their portfolio includes 101 Marriott-branded, 118 Hilton-branded, and 5 Hyatt-branded hotels. More information can be found on their website.
Apple Hospitality REIT (NYSE: APLE) has announced a monthly cash distribution of $0.08 per common share, payable on June 17, 2024, to shareholders of record as of May 31, 2024.
Based on the closing price of $14.61 per share on May 17, 2024, this represents an annualized distribution of $0.96 per common share, equating to a yield of approximately 6.6%.
Apple Hospitality owns 224 hotels with roughly 29,900 guest rooms across 87 markets in 37 states and the District of Columbia, featuring leading brands such as Marriott, Hilton, and Hyatt.
Apple Hospitality REIT, Inc. reported a strong first quarter, with a 64.2% increase in net income compared to the previous year. The Company achieved stable operating performance, with Comparable Hotels ADR, Occupancy, and RevPAR remaining flat. They also acquired a new hotel and have two more under contract for purchase. Financially, the Company increased Adjusted EBITDAre by 6% and MFFO by 5% compared to the first quarter of 2023. They entered into an equity distribution agreement and had monthly distributions totaling $0.29 per common share. The Company's total debt to total capitalization was approximately 27% at the end of the quarter.
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