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. (APLE) provides investors with comprehensive access to official company communications and market-relevant updates. This curated news hub tracks the REIT's strategic moves in the upscale lodging sector, including property acquisitions, financial performance, and partnership developments with leading hospitality brands.
Discover timely updates on earnings reports, portfolio expansions, and management insights that shape APLE's position in the competitive hotel real estate market. Our aggregation includes press releases detailing operational milestones, dividend declarations, and sustainability initiatives across its nationwide portfolio of premium-branded hotels.
This resource serves analysts and investors seeking to monitor APLE's performance through verified financial disclosures and strategic announcements. Content spans critical areas including quarterly results, asset management updates, and industry trend analyses relevant to hospitality-focused REITs.
Bookmark this page for direct access to APLE's latest corporate communications, ensuring you maintain informed perspectives on one of the largest publicly traded lodging REITs. Check regularly for updates reflecting the company's activities in key U.S. markets and its relationships with major hotel operators.
Apple Hospitality REIT, Inc. (NYSE: APLE) has declared a monthly cash distribution of $0.08 per common share, payable on March 15, 2023, to shareholders of record as of February 28, 2023. The annualized distribution of $0.96 per share equates to an annual yield of approximately 5.6% based on the closing price of $17.18 on February 16, 2023. Apple Hospitality operates a diverse portfolio of 220 hotels across 37 states, primarily under Marriott and Hilton brands, offering around 29,000 guest rooms.
Apple Hospitality REIT, Inc. (NYSE: APLE) announced a monthly cash distribution of
Apple Hospitality REIT (NYSE: APLE) plans to report its fourth quarter and full year 2022 financial results on February 21, 2023, after market close. A conference call will be conducted on February 22, 2023, at 10:00 a.m. Eastern Time to discuss these results. The call will be accessible via phone and webcast. Apple Hospitality owns a diverse portfolio of 220 upscale hotels with approximately 29,000 guest rooms across 37 states, featuring prominent brands such as Marriott and Hilton. For more information, visit their website.
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
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.
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