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) will report its first quarter 2023 financial results after market close on May 2, 2023, followed by a conference call on May 3, 2023, at 10:00 a.m. Eastern Time. The call will be accessible via telephone and live webcast. A replay will be available from 2:00 p.m. Eastern Time on May 3 until 11:59 p.m. Eastern Time on May 17. Apple Hospitality owns a diverse portfolio of 220 hotels across 37 states, primarily branded with Marriott and Hilton.
Apple Hospitality REIT, Inc. (NYSE: APLE) announced a monthly cash distribution of $0.08 per common share, payable on April 17, 2023, to shareholders of record as of March 31, 2023. With a closing stock price of $14.80 on March 17, 2023, this equates to an annualized yield of approximately 6.5%. The company’s portfolio includes 220 hotels across 37 states, comprising major brands like Marriott and Hilton. Forward-looking statements in the release caution uncertainties, especially regarding the ongoing impacts of COVID-19 and its effects on financial performance.
Apple Hospitality REIT has appointed Carolyn Handlon to its Board of Directors, effective March 1, 2023. Handlon, a former Executive Vice President at Marriott, brings over 35 years of experience in financial strategy and hotel management. This addition increases the diversity of the Board, which now includes three women among its nine members. Handlon will stand for election as a nominee during the 2023 Annual Meeting of Shareholders, set for May 18, 2023. The meeting will be open to shareholders of record as of March 20, 2023.
Apple Hospitality REIT, Inc. (NYSE: APLE) reported its Q4 and full year 2022 results, showcasing a notable 669.1% surge in net income for the year, reaching $144.8 million, despite an 82.5% decline in Q4 net income. Full year operating income rose 137.2% to $206.5 million. The Company achieved an impressive Adjusted EBITDA of $413.1 million, up 47.9%. Occupancy rates increased, with ADR up 20.7% year-over-year. Monthly distributions were reinstated, totaling $139.5 million for the year. Looking ahead, 2023 guidance projects net income of $165-$209 million and a Comparable Hotels RevPAR increase of 3.0%-7.0%. Overall, Apple Hospitality remains confident in its growth trajectory.
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 $0.08 per common share, payable on February 15, 2023. This distribution is to shareholders on record as of January 31, 2023. The closing stock price on January 19, 2023 was $16.53, leading to an annualized yield of approximately 5.8%. Apple Hospitality owns a diverse portfolio of 220 hotels across 37 states, primarily featuring Marriott and Hilton brands.
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 $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.