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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Apple Hospitality REIT's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Apple Hospitality REIT's position in the market.
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.