Apple Hospitality REIT (NYSE: APLE) revises $500M stock sale program
Rhea-AI Filing Summary
Apple Hospitality REIT, Inc. entered into Amendment No. 2 to its equity distribution agreement on August 6, 2026. Under the amended agreement, the company may continue to sell, from time to time, up to an aggregate sales price of $500,000,000 of its common shares, no par value per share, through designated sales agents.
The amendment updates the list of agents by removing B. Riley Securities, Inc., SMBC Nikko Securities America, Inc. and Scotia Capital (USA) Inc. and adding Huntington Securities, Inc. Apple Hospitality notes that it has had customary commercial and/or investment banking relationships with the agents and certain of their affiliates, and states that this disclosure does not constitute an offer to sell or a solicitation of an offer to buy any securities.
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Equity distribution capacity: $500,000,000 aggregate sales price
Amendment date: August 6, 2026
2 metrics
Equity distribution capacity
$500,000,000 aggregate sales price
Maximum amount of common shares that may be sold from time to time under the equity distribution agreement
Amendment date
August 6, 2026
Date Apple Hospitality REIT, Inc. entered into Amendment No. 2 to the equity distribution agreement
Key Terms
Equity Distribution Agreement, aggregate sales price, Emerging growth company, Inline XBRL
4 terms
Equity Distribution Agreement financial
"entered into an Amendment No. 2 (the “Amendment”) to the equity distribution agreement"
An equity distribution agreement is a formal plan between a company and financial institutions to sell newly issued shares of the company's stock to investors over a period of time. It helps the company raise money gradually, similar to filling a container with water in stages, rather than all at once. For investors, it provides an organized way to buy shares and can influence the stock's supply and price.
aggregate sales price financial
"sell, from time to time, up to an aggregate sales price of $500,000,000"
Emerging growth company regulatory
"Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Inline XBRL technical
"Cover Page Interactive Data File (formatted as Inline XBRL)"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Apple Hospitality REIT (APLE) change on August 6, 2026?
Apple Hospitality REIT entered into Amendment No. 2 to its equity distribution agreement, updating the list of sales agents while keeping the ability to sell common shares under the existing $500,000,000 program.
How much stock can Apple Hospitality REIT (APLE) sell under its equity distribution agreement?
Apple Hospitality REIT may sell, from time to time, up to an aggregate sales price of $500,000,000 of its common shares through the agents named in the equity distribution agreement.
Which agents were added or removed for Apple Hospitality REIT (APLE)?
The amendment adds Huntington Securities, Inc. as an agent and removes B. Riley Securities, Inc., SMBC Nikko Securities America, Inc. and Scotia Capital (USA) Inc. from the equity distribution agreement.
Does this Apple Hospitality REIT (APLE) disclosure create a new securities offering?
No. Apple Hospitality REIT states that this disclosure does not constitute an offer to sell or a solicitation of an offer to buy any securities; it amends an existing equity distribution agreement.
What exhibit did Apple Hospitality REIT (APLE) file with this current report?
Apple Hospitality REIT filed Exhibit 1.1, which is Amendment No. 2 to the Equity Distribution Agreement dated August 6, 2026, with the group of designated sales agents.
What relationships exist between Apple Hospitality REIT (APLE) and the sales agents?
Apple Hospitality REIT notes that, from time to time, it has had customary commercial and/or investment banking relationships with the sales agents named in the equity distribution agreement and certain of their affiliates.