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Apple Hospitality REIT Announces Monthly Distribution

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Apple Hospitality REIT (NYSE: APLE) has announced a regular monthly cash distribution of $0.08 per common share, payable on September 16, 2024, to shareholders of record as of August 30, 2024. Based on the company's closing stock price of $14.38 on August 19, 2024, this annualized distribution of $0.96 per share represents an annual yield of approximately 6.7%.

Apple Hospitality REIT is a publicly traded real estate investment trust that owns a diverse portfolio of 224 upscale, rooms-focused hotels across the United States. The portfolio includes 30,000 guest rooms in 87 markets throughout 37 states and the District of Columbia, comprising 100 Marriott-branded hotels, 119 Hilton-branded hotels, and 5 Hyatt-branded hotels.

Apple Hospitality REIT (NYSE: APLE) ha annunciato una distribuzione mensile regolare di $0,08 per azione ordinaria, pagabile il 16 settembre 2024, agli azionisti registrati al 30 agosto 2024. Sulla base del prezzo di chiusura delle azioni dell'azienda di $14,38 del 19 agosto 2024, questa distribuzione annualizzata di $0,96 per azione rappresenta un rendimento annuale di circa il 6,7%.

Apple Hospitality REIT è un fondo di investimento immobiliare quotato in borsa che possiede un portafoglio diversificato di 224 hotel di alta gamma focalizzati sulle camere negli Stati Uniti. Il portafoglio comprende 30.000 camere per ospiti in 87 mercati distribuiti in 37 stati e nel Distretto di Columbia, comprendendo 100 hotel a marchio Marriott, 119 hotel a marchio Hilton e 5 hotel a marchio Hyatt.

Apple Hospitality REIT (NYSE: APLE) ha anunciado una distribución mensual regular de $0.08 por acción común, pagadera el 16 de septiembre de 2024, a los accionistas registrados hasta el 30 de agosto de 2024. Basado en el precio de cierre de las acciones de la compañía de $14.38 del 19 de agosto de 2024, esta distribución anualizada de $0.96 por acción representa un rendimiento anual de aproximadamente el 6.7%.

Apple Hospitality REIT es un fideicomiso de inversión en bienes raíces que cotiza en bolsa y que posee una cartera diversa de 224 hoteles de alta gama enfocados en habitaciones en los Estados Unidos. La cartera incluye 30,000 habitaciones en 87 mercados a través de 37 estados y el Distrito de Columbia, que comprende 100 hoteles de la marca Marriott, 119 hoteles de la marca Hilton y 5 hoteles de la marca Hyatt.

Apple Hospitality REIT (NYSE: APLE)는 보통주 1주당 $0.08의 정기 월 배당금을 발표했으며, 2024년 9월 16일에 2024년 8월 30일 기준 주주에게 지급될 예정입니다. 2024년 8월 19일 기준 회사의 종가가 $14.38인 점을 고려하면, 이 주당 $0.96의 연간 배당금은 약 6.7%의 연간 수익률을 나타냅니다.

Apple Hospitality REIT는 상장된 부동산 투자 신탁으로, 미국 전역에 224개의 고급 객실 중심 호텔의 다양한 포트폴리오를 보유하고 있습니다. 포트폴리오에는 37개 주와 컬럼비아 특별구의 87개 시장에 걸쳐 30,000개의 객실이 포함되어 있으며, 100개의 Marriott 브랜드 호텔, 119개의 Hilton 브랜드 호텔, 5개의 Hyatt 브랜드 호텔이 포함되어 있습니다.

Apple Hospitality REIT (NYSE: APLE) a annoncé une distribution mensuelle régulière de 0,08 $ par action ordinaire, payable le 16 septembre 2024, aux actionnaires inscrits au 30 août 2024. Sur la base du prix de clôture de l'action de l'entreprise, qui était de 14,38 $ le 19 août 2024, cette distribution annualisée de 0,96 $ par action représente un rendement annuel d'environ 6,7%.

Apple Hospitality REIT est un fonds immobilier coté en bourse qui possède un portefeuille diversifié de 224 hôtels haut de gamme axés sur les chambres aux États-Unis. Le portefeuille comprend 30 000 chambres dans 87 marchés à travers 37 États et le District de Columbia, comprenant 100 hôtels de marque Marriott, 119 hôtels de marque Hilton et 5 hôtels de marque Hyatt.

Apple Hospitality REIT (NYSE: APLE) hat eine regelmäßige monatliche Ausschüttung von $0,08 pro Stammaktie angekündigt, die am 16. September 2024 an die Aktionäre ausgezahlt wird, die am 30. August 2024 im Aktienregister eingetragen sind. Basierend auf dem Schlusskurs der Aktie von $14,38 am 19. August 2024, entspricht diese annualisierte Ausschüttung von $0,96 pro Aktie einer jährlichen Rendite von ca. 6,7%.

Apple Hospitality REIT ist ein börsennotierter Immobilienfonds, der ein vielfältiges Portfolio von 224 gehobenen, auf Zimmer fokussierten Hotels in den Vereinigten Staaten besitzt. Das Portfolio umfasst 30.000 Gästezimmer in 87 Märkten in 37 Bundesstaaten sowie im District of Columbia und besteht aus 100 Marriott-Hotels, 119 Hilton-Hotels und 5 Hyatt-Hotels.

Positive
  • Regular monthly cash distribution of $0.08 per common share
  • Annualized distribution yield of approximately 6.7%
  • Diverse portfolio of 224 upscale hotels across 37 states
  • Strong brand affiliations with Marriott, Hilton, and Hyatt
Negative
  • None.

Insights

Apple Hospitality REIT's announcement of a $0.08 monthly distribution translates to an attractive 6.7% annual yield, significantly outpacing the average REIT yield of around 3.5%. This high yield could be a double-edged sword. While it may attract income-focused investors, it also raises questions about sustainability and growth prospects.

The company's diverse portfolio of 224 upscale, rooms-focused hotels across 37 states provides some resilience against localized market downturns. However, the concentration in Marriott and Hilton brands (97% of the portfolio) exposes APLE to brand-specific risks. Investors should monitor occupancy rates and RevPAR (Revenue Per Available Room) in upcoming earnings reports to gauge the health of the underlying business supporting this distribution.

The hospitality sector is currently in a state of flux, with post-pandemic recovery patterns varying widely across different markets. Apple Hospitality's focus on upscale, rooms-focused hotels positions it well to capitalize on both business and leisure travel rebounds. However, the rise of remote work and virtual meetings could pose long-term challenges to business travel demand.

The company's presence in 87 markets provides diversification, but investors should scrutinize the performance of key urban vs. suburban locations. The 6.7% yield, while attractive, suggests the market may be pricing in some risks or growth prospects. Comparisons with peers like Host Hotels & Resorts (HST) and Park Hotels & Resorts (PK) on metrics such as occupancy rates and average daily rates will be important for a comprehensive evaluation.

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 September 16, 2024, to shareholders of record as of August 30, 2024.

Based on the Company’s common stock closing price of $14.38 on August 19, 2024, the annualized distribution of $0.96 per common share represents an annual yield of approximately 6.7%.

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) shares?

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

When is the payment date for Apple Hospitality REIT's (APLE) September 2024 distribution?

The distribution is payable on September 16, 2024, to shareholders of record as of August 30, 2024.

What is the annualized yield of Apple Hospitality REIT's (APLE) distribution based on the August 19, 2024 stock price?

Based on the closing price of $14.38 on August 19, 2024, the annualized distribution of $0.96 per common share represents an annual yield of approximately 6.7%.

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

As of August 2024, Apple Hospitality REIT (APLE) owns a portfolio of 224 upscale, rooms-focused hotels in the United States.

Apple Hospitality REIT, Inc.

NYSE:APLE

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