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Apple Hospitality REIT Announces Monthly Distribution

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Apple Hospitality REIT, Inc. (NYSE: APLE) has announced a regular monthly cash distribution of $0.08 per common share, payable on November 15, 2024, to shareholders of record as of October 31, 2024. Based on the company's common stock closing price of $15.23 on October 17, 2024, the annualized distribution of $0.96 per common share represents an annual yield of approximately 6.3%.

Apple Hospitality REIT is a publicly traded real estate investment trust that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. The company's portfolio consists of 224 hotels with more than 30,000 guest rooms located in 87 markets throughout 37 states and the District of Columbia. The portfolio includes 100 Marriott-branded hotels, 119 Hilton-branded hotels, and five Hyatt-branded hotels.

Apple Hospitality REIT, Inc. (NYSE: APLE) ha annunciato una distribuzione mensile regolare in contante di $0,08 per azione ordinaria, che sarà pagata il 15 novembre 2024, agli azionisti registrati al 31 ottobre 2024. Basata sul prezzo di chiusura delle azioni ordinarie dell'azienda di $15,23 del 17 ottobre 2024, la distribuzione annualizzata di $0,96 per azione ordinaria rappresenta un rendimento annuale di circa 6,3%.

Apple Hospitality REIT è un trust per investimenti immobiliari quotato in borsa che possiede uno dei portafogli più grandi e diversificati di hotel di lusso orientati alle camere negli Stati Uniti. Il portafoglio dell'azienda comprende 224 hotel con più di 30.000 camere per gli ospiti situati in 87 mercati in 37 stati e nel Distretto di Columbia. Il portafoglio include 100 hotel a marchio Marriott, 119 hotel a marchio Hilton, e cinque hotel a marchio Hyatt.

Apple Hospitality REIT, Inc. (NYSE: APLE) ha anunciado una distribución mensual regular en efectivo de $0,08 por acción ordinaria, que se pagará el 15 de noviembre de 2024, a los accionistas registrados al 31 de octubre de 2024. Basada en el precio de cierre de las acciones ordinarias de la compañía de $15,23 del 17 de octubre de 2024, la distribución anualizada de $0,96 por acción ordinaria representa un rendimiento anual de aproximadamente 6,3%.

Apple Hospitality REIT es un fideicomiso de inversión en bienes raíces que cotiza en bolsa y que posee una de las carteras más grandes y diversas de hoteles de lujo centrados en habitaciones en los Estados Unidos. La cartera de la compañía consta de 224 hoteles con más de 30,000 habitaciones para huéspedes ubicados en 87 mercados en 37 estados y el Distrito de Columbia. La cartera incluye 100 hoteles de la marca Marriott, 119 hoteles de la marca Hilton y cinco hoteles de la marca Hyatt.

Apple Hospitality REIT, Inc. (NYSE: APLE)는 보통주당 $0.08의 정기 월별 현금 배당금을 발표했으며, 이는 2024년 11월 15일에 지급될 예정입니다. 배당금은 2024년 10월 31일 기준 주주에게 지급됩니다. 2024년 10월 17일 기준 회사의 보통주 종가가 $15.23인 것을 고려할 때, 보통주당 $0.96의 연간 배당금은 약 6.3%의 연간 수익률을 나타냅니다.

Apple Hospitality REIT는 미국에서 객실 중심의 고급 호텔 포트폴리오를 소유한 상장 부동산 투자 신탁입니다. 회사의 포트폴리오는 224개 호텔로 구성되어 있으며, 30,000개 이상의 객실87개 시장37개 주와 워싱턴 D.C.에 위치하고 있습니다. 포트폴리오는 100개의 메리어트 브랜드 호텔, 119개의 힐튼 브랜드 호텔, 5개의 하얏트 브랜드 호텔을 포함합니다.

Apple Hospitality REIT, Inc. (NYSE: APLE) a annoncé une distribution mensuelle régulière en espèces de 0,08 $ par action ordinaire, payable le 15 novembre 2024, aux actionnaires enregistrés au 31 octobre 2024. Sur la base du prix de clôture de l'action ordinaire de la société, qui était de 15,23 $ le 17 octobre 2024, la distribution annualisée de 0,96 $ par action ordinaire représente un rendement annuel d'environ 6,3%.

Apple Hospitality REIT est un fonds d'investissement immobilier coté en bourse qui possède l'un des plus grands et diversifiés portefeuilles d'hôtels haut de gamme axés sur les chambres aux États-Unis. Le portefeuille de l'entreprise se compose de 224 hôtels avec plus de 30 000 chambres situées dans 87 marchés à travers 37 États et le district de Columbia. Le portefeuille comprend 100 hôtels sous la marque Marriott, 119 hôtels sous la marque Hilton, et cinq hôtels sous la marque Hyatt.

Apple Hospitality REIT, Inc. (NYSE: APLE) hat eine monatliche Barverteilung von $0,08 pro Stammaktie angekündigt, die am 15. November 2024 an die Aktionäre, die am 31. Oktober 2024 registriert sind, ausgezahlt wird. Basierend auf dem Schlusskurs der Stammaktien des Unternehmens von $15,23 am 17. Oktober 2024 stellt die annualisierte Auszahlung von $0,96 pro Stammaktie eine jährliche Rendite von etwa 6,3% dar.

Apple Hospitality REIT ist ein börsennotierter Immobilieninvestmenttrust, der eines der größten und vielfältigsten Portfolios an gehobenen, auf Zimmern ausgerichteten Hotels in den Vereinigten Staaten besitzt. Das Portfolio des Unternehmens umfasst 224 Hotels mit mehr als 30.000 Gästezimmern, die in 87 Märkten in 37 Bundesstaaten und dem District of Columbia gelegen sind. Das Portfolio umfasst 100 Marriott-Hotels, 119 Hilton-Hotels und fünf Hyatt-Hotels.

Positive
  • Regular monthly cash distribution of $0.08 per common share
  • Annualized distribution yield of approximately 6.3%
  • Large and diverse portfolio of 224 upscale hotels
  • Presence in 87 markets across 37 states and Washington D.C.
  • Strong brand affiliations with Marriott, Hilton, and Hyatt
Negative
  • None.

Insights

Apple Hospitality REIT's announcement of a $0.08 monthly distribution per common share is a positive signal for income-focused investors. The annualized yield of 6.3% is attractive in the current market environment, especially for a REIT specializing in upscale, rooms-focused hotels. This consistent dividend payout demonstrates the company's commitment to shareholder returns and confidence in its cash flow generation.

The company's diverse portfolio of 224 hotels across 87 markets provides a degree of geographic diversification, which can help mitigate regional economic risks. The focus on well-known brands like Marriott, Hilton and Hyatt suggests a quality portfolio that may be more resilient during economic downturns.

However, investors should consider the broader context of the hospitality industry, which can be cyclical and sensitive to economic conditions. While the distribution yield is attractive, it's important to monitor the company's ability to maintain this payout ratio in various market conditions, especially given the potential for fluctuations in travel demand and hotel occupancy rates.

RICHMOND, Va.--(BUSINESS WIRE)-- Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced that its Board of Directors declared a regular monthly cash distribution of $0.08 per common share. The distribution is payable on November 15, 2024, to shareholders of record as of October 31, 2024.

Based on the Company’s common stock closing price of $15.23 on October 17, 2024, the annualized distribution of $0.96 per common share represents an annual yield of approximately 6.3%.

About Apple Hospitality REIT, Inc.

Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (“REIT”) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality’s portfolio consists of 224 hotels with more than 30,000 guest rooms located in 87 markets throughout 37 states and the District of Columbia. Concentrated with industry-leading brands, the Company’s hotel portfolio consists of 100 Marriott-branded hotels, 119 Hilton-branded hotels and five Hyatt-branded hotels. For more information, please visit www.applehospitalityreit.com.

Forward-Looking Statements Disclaimer

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are typically identified by use of statements that include phrases such as “may,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “target,” “goal,” “plan,” “should,” “will,” “predict,” “potential,” “outlook,” “strategy,” and similar expressions that convey the uncertainty of future events or outcomes. Such statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.

Such factors include, but are not limited to, the ability of the Company to effectively acquire and dispose of properties and redeploy proceeds; the anticipated timing and frequency of shareholder distributions; the ability of the Company to fund capital obligations; the ability of the Company to successfully integrate pending transactions and implement its operating strategy; changes in general political, economic and competitive conditions and specific market conditions (including the potential effects of inflation or a recessionary environment); reduced business and leisure travel due to geopolitical uncertainty, including terrorism and acts of war; travel-related health concerns, including widespread outbreaks of infectious or contagious diseases in the U.S.; inclement weather conditions, including natural disasters such as hurricanes, earthquakes and wildfires; government shutdowns, airline strikes or equipment failures or other disruptions; adverse changes in the real estate and real estate capital markets; financing risks; changes in interest rates; litigation risks; regulatory proceedings or inquiries; and changes in laws or regulations or interpretations of current laws and regulations that impact the Company’s business, assets or classification as a REIT. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore there can be no assurance that such statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the results or conditions described in such statements or the objectives and plans of the Company will be achieved. In addition, the Company’s qualification as a REIT involves the application of highly technical and complex provisions of the Internal Revenue Code of 1986, as amended. Readers should carefully review the risk factors described in the Company’s filings with the Securities and Exchange Commission, including but not limited to those discussed in the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023. Any forward-looking statement that the Company makes speaks only as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements or cautionary factors, as a result of new information, future events, or otherwise, except as required by law.

For additional information or to receive press releases by email, visit www.applehospitalityreit.com.

Apple Hospitality REIT, Inc.

Kelly Clarke, Vice President, Investor Relations

804‐727‐6321

kclarke@applereit.com

Source: Apple Hospitality REIT, Inc.

FAQ

What is the monthly distribution amount for Apple Hospitality REIT (APLE) announced in October 2024?

Apple Hospitality REIT (APLE) announced a regular monthly cash distribution of $0.08 per common share.

When is the distribution payable for Apple Hospitality REIT (APLE) shareholders?

The distribution is payable on November 15, 2024, to shareholders of record as of October 31, 2024.

What is the annualized distribution yield for Apple Hospitality REIT (APLE) based on the October 17, 2024 stock price?

Based on the closing price of $15.23 on October 17, 2024, the annualized distribution of $0.96 per common share represents an annual yield of approximately 6.3%.

How many hotels does Apple Hospitality REIT (APLE) own as of October 2024?

Apple Hospitality REIT (APLE) owns a portfolio of 224 hotels with more than 30,000 guest rooms.

What hotel brands are included in Apple Hospitality REIT's (APLE) portfolio?

Apple Hospitality REIT's (APLE) portfolio consists of 100 Marriott-branded hotels, 119 Hilton-branded hotels, and five Hyatt-branded hotels.

Apple Hospitality REIT, Inc.

NYSE:APLE

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3.62B
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4.16%
REIT - Hotel & Motel
Real Estate Investment Trusts
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United States of America
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