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 (NYSE: APLE) has announced its schedule for reporting third quarter 2024 financial results. The company plans to release its earnings report after market close on Monday, November 4, 2024, followed by a conference call for investors on Tuesday, November 5, 2024, at 10:00 a.m. Eastern Time. The call will be accessible via telephone and webcast, with replay options available until November 19, 2024.
Apple Hospitality REIT is a publicly traded REIT owning one of the largest portfolios of upscale, rooms-focused hotels in the United States. The company's portfolio includes 224 hotels with over 30,000 guest rooms across 87 markets in 37 states and the District of Columbia. The portfolio comprises 100 Marriott-branded, 119 Hilton-branded, and 5 Hyatt-branded hotels.
Apple Hospitality REIT (NYSE: APLE) has announced a regular monthly cash distribution of $0.08 per common share, payable on September 16, 2024, to shareholders of record as of August 30, 2024. Based on the company's closing stock price of $14.38 on August 19, 2024, this annualized distribution of $0.96 per share represents an annual yield of approximately 6.7%.
Apple Hospitality REIT is a publicly traded real estate investment trust that owns a diverse portfolio of 224 upscale, rooms-focused hotels across the United States. The portfolio includes 30,000 guest rooms in 87 markets throughout 37 states and the District of Columbia, comprising 100 Marriott-branded hotels, 119 Hilton-branded hotels, and 5 Hyatt-branded hotels.
Apple Hospitality REIT (NYSE: APLE) reported its second quarter 2024 financials. Net income rose 13.2% to $73.9 million, while operating income increased 12.6% to $93.5 million.
Net income per share grew 6.9% to $0.31. Adjusted EBITDAre was up 9.1% to $140.9 million, and Modified Funds From Operations (MFFO) increased 8.9% to $121.3 million. Comparable Hotels Adjusted Hotel EBITDA saw a modest increase of 1.5% to $151.5 million.
The company acquired the Embassy Suites by Hilton Madison Downtown for $79.5 million and sold the SpringHill Suites by Marriott Greensboro for $7.1 million. It also repurchased 1.6 million common shares for an aggregate price of $23.1 million.
Distributions remained steady at $0.24 per share. Management has revised 2024 guidance, projecting lower net income and Adjusted EBITDAre, but a slight increase in Comparable Hotels Adjusted Hotel EBITDA Margin.
Apple Hospitality REIT (NYSE: APLE) has announced a regular monthly cash distribution of $0.08 per common share, payable on August 15, 2024, to shareholders of record as of July 31, 2024. Based on the company's closing stock price of $15.30 on July 17, 2024, this translates to an annualized distribution of $0.96 per share, representing an annual yield of approximately 6.3%.
Apple Hospitality REIT is a publicly traded real estate investment trust that owns a diverse portfolio of 224 upscale, rooms-focused hotels across the United States. The portfolio includes over 30,000 guest rooms in 87 markets throughout 37 states and the District of Columbia, predominantly consisting of Marriott-branded (100 hotels), Hilton-branded (119 hotels), and Hyatt-branded (5 hotels) properties.
Apple Hospitality REIT (NYSE: APLE) announced the acquisition of the Embassy Suites by Hilton Madison Downtown for approximately $79.5 million, equating to $303,000 per key. This newly constructed hotel, located in a prime area of downtown Madison, Wisconsin, expands the company's portfolio and presence in a vibrant market. The acquisition was made through a fixed-price contract, securing a favorable deal amid rising construction costs. The hotel is strategically positioned to cater to both business and leisure travelers. Additionally, Apple Hospitality disclosed the sale of the SpringHill Suites by Marriott Greensboro for $7.1 million and mentioned an upcoming acquisition of a Motto by Hilton in Nashville, expected to be completed by late 2025. Post these transactions, Apple Hospitality's portfolio includes 224 hotels with 30,066 guest rooms across 37 states and the District of Columbia.
Apple Hospitality REIT (NYSE: APLE) announced a monthly cash distribution of $0.08 per common share, payable on July 15, 2024, to shareholders of record as of June 28, 2024.
The annualized distribution of $0.96 per share represents a 6.6% yield based on the closing price of $14.62 on June 17, 2024.
Apple Hospitality REIT owns 224 hotels across 87 markets in 37 states and the District of Columbia, including 101 Marriott-branded, 118 Hilton-branded, and five Hyatt-branded hotels.
Apple Hospitality REIT (NYSE: APLE) announced the winners of its 2023 Apple Awards, honoring top-performing management companies, hotels, and associates. Chartwell Hospitality was named the 2023 Management Company of the Year for its excellence. Dual Hyatt properties in Tempe, Arizona, received the Shining Apple Award for superior performance. Quarterly Shining Apple Awards went to various Hilton-branded properties. Five associates were also recognized for outstanding contributions to guest service and community impact. These awards are based on balanced scorecard metrics assessing financial and service performance.
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.