Apple Hospitality REIT Announces Monthly Distribution

Rhea-AI Summary

Apple Hospitality REIT (NYSE: APLE) has announced a regular monthly cash distribution of $0.08 per common share, payable on March 17, 2025, to shareholders of record as of February 28, 2025. Based on the company's stock closing price of $15.23 on February 14, 2025, the annualized distribution of $0.96 per share represents an annual yield of approximately 6.3%.

The company owns one of the largest portfolios of upscale, rooms-focused hotels in the United States, consisting of 220 hotels with approximately 29,700 guest rooms across 85 markets in 37 states and DC. The portfolio includes 98 Marriott-branded hotels, 117 Hilton-branded hotels, and five Hyatt-branded hotels.

Positive

• Monthly dividend distribution of $0.08 per share, representing a 6.3% annual yield
• Large diversified portfolio of 220 hotels with 29,700 guest rooms
• Strong brand partnerships with Marriott, Hilton, and Hyatt

Negative

• None.

Insights

REIT Investment Analyst

The announcement of Apple Hospitality REIT's $0.08 monthly distribution ($0.96 annualized) with a 6.3% yield warrants careful analysis within the context of hotel REIT fundamentals. The distribution level suggests management's confidence in sustainable cash flows, particularly noteworthy given the hospitality sector's historical volatility.

The REIT's portfolio composition reveals strategic positioning in the upscale, rooms-focused segment, with 220 properties concentrated in premium brands - 98 Marriott and 117 Hilton properties. This brand mix provides several advantages:

• Strong loyalty program participation driving recurring bookings
• Operational efficiencies through brand standardization
• Reduced exposure to food & beverage volatility compared to full-service hotels

Geographic diversification across 85 markets helps mitigate regional economic risks while maintaining scale benefits. The focus on upscale rather than luxury segments positions the REIT well for both business and leisure travelers, particularly important in the current economic environment where mid-tier travel has shown resilience.

The monthly distribution structure, rather than quarterly, typically indicates strong operational predictability and robust cash flow management. For income-focused investors, this provides more frequent compounding opportunities and better cash flow planning capabilities.

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 March 17, 2025, to shareholders of record as of February 28, 2025.

Based on the Company’s common stock closing price of $15.23 on February 14, 2025, 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 220 hotels with approximately 29,700 guest rooms located in 85 markets throughout 37 states and the District of Columbia. Concentrated with industry-leading brands, the Company’s hotel portfolio consists of 98 Marriott-branded hotels, 117 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250217850155/en/

Apple Hospitality REIT, Inc.

Kelly Clarke, Vice President, Investor Relations

804‐727‐6321

kclarke@applereit.com

Source: Apple Hospitality REIT, Inc.

FAQ

What is Apple Hospitality REIT's (APLE) current monthly dividend payment?

Apple Hospitality REIT (APLE) pays a monthly dividend of $0.08 per common share.

What is APLE's dividend yield as of February 14, 2025?

Based on the stock price of $15.23 on February 14, 2025, APLE's annualized dividend yield is approximately 6.3%.

When is APLE's next dividend payment date?

APLE's next dividend payment is scheduled for March 17, 2025, for shareholders of record as of February 28, 2025.

How many hotels does Apple Hospitality REIT (APLE) own?

Apple Hospitality REIT owns 220 hotels with approximately 29,700 guest rooms across 85 markets in 37 states and DC.

What is the brand composition of APLE's hotel portfolio?

APLE's portfolio consists of 98 Marriott-branded hotels, 117 Hilton-branded hotels, and five Hyatt-branded hotels.