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.
Apple Hospitality REIT, Inc. (APLE) provides investors with comprehensive access to official company communications and market-relevant updates. This curated news hub tracks the REIT's strategic moves in the upscale lodging sector, including property acquisitions, financial performance, and partnership developments with leading hospitality brands.
Discover timely updates on earnings reports, portfolio expansions, and management insights that shape APLE's position in the competitive hotel real estate market. Our aggregation includes press releases detailing operational milestones, dividend declarations, and sustainability initiatives across its nationwide portfolio of premium-branded hotels.
This resource serves analysts and investors seeking to monitor APLE's performance through verified financial disclosures and strategic announcements. Content spans critical areas including quarterly results, asset management updates, and industry trend analyses relevant to hospitality-focused REITs.
Bookmark this page for direct access to APLE's latest corporate communications, ensuring you maintain informed perspectives on one of the largest publicly traded lodging REITs. Check regularly for updates reflecting the company's activities in key U.S. markets and its relationships with major hotel operators.
Apple Hospitality REIT reported Q3 2024 results with net income of $56.3 million, down 3.8% year-over-year. The company achieved Comparable Hotels RevPAR of $125.30, up 0.8% from Q3 2023, with ADR at $162.66 and occupancy at 77%. Operating income increased 1.9% to $77.7 million, while Adjusted EBITDAre grew 5.7% to $128.9 million. The company maintains a strong balance sheet with total debt to capitalization of 30%. During Q3, Apple Hospitality purchased 1.4 million common shares for $19.2 million and paid distributions of $0.24 per share. The company has four hotels under contract for sale for approximately $31 million.
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) has announced a regular monthly cash distribution of $0.08 per common share, payable on October 15, 2024, to shareholders of record as of September 30, 2024. Based on the company's closing stock price of $14.46 on September 18, 2024, this annualized distribution of $0.96 per common share represents an annual yield of approximately 6.6%.
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, with properties branded under Marriott (100 hotels), Hilton (119 hotels), and Hyatt (5 hotels).
Apple Hospitality REIT (NYSE: APLE) has announced its schedule for reporting third quarter 2024 financial results. The company plans to release its earnings report after market close on Monday, November 4, 2024, followed by a conference call for investors on Tuesday, November 5, 2024, at 10:00 a.m. Eastern Time. The call will be accessible via telephone and webcast, with replay options available until November 19, 2024.
Apple Hospitality REIT is a publicly traded REIT owning one of the largest portfolios of upscale, rooms-focused hotels in the United States. The company's portfolio includes 224 hotels with over 30,000 guest rooms across 87 markets in 37 states and the District of Columbia. The portfolio comprises 100 Marriott-branded, 119 Hilton-branded, and 5 Hyatt-branded hotels.
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) reported its second quarter 2024 financials. Net income rose 13.2% to $73.9 million, while operating income increased 12.6% to $93.5 million.
Net income per share grew 6.9% to $0.31. Adjusted EBITDAre was up 9.1% to $140.9 million, and Modified Funds From Operations (MFFO) increased 8.9% to $121.3 million. Comparable Hotels Adjusted Hotel EBITDA saw a modest increase of 1.5% to $151.5 million.
The company acquired the Embassy Suites by Hilton Madison Downtown for $79.5 million and sold the SpringHill Suites by Marriott Greensboro for $7.1 million. It also repurchased 1.6 million common shares for an aggregate price of $23.1 million.
Distributions remained steady at $0.24 per share. Management has revised 2024 guidance, projecting lower net income and Adjusted EBITDAre, but a slight increase in Comparable Hotels Adjusted Hotel EBITDA Margin.
Apple Hospitality REIT (NYSE: APLE) has announced a regular monthly cash distribution of $0.08 per common share, payable on August 15, 2024, to shareholders of record as of July 31, 2024. Based on the company's closing stock price of $15.30 on July 17, 2024, this translates to an annualized distribution of $0.96 per share, representing an annual yield of approximately 6.3%.
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 over 30,000 guest rooms in 87 markets throughout 37 states and the District of Columbia, predominantly consisting of Marriott-branded (100 hotels), Hilton-branded (119 hotels), and Hyatt-branded (5 hotels) properties.
Apple Hospitality REIT (NYSE: APLE) announced the acquisition of the Embassy Suites by Hilton Madison Downtown for approximately $79.5 million, equating to $303,000 per key. This newly constructed hotel, located in a prime area of downtown Madison, Wisconsin, expands the company's portfolio and presence in a vibrant market. The acquisition was made through a fixed-price contract, securing a favorable deal amid rising construction costs. The hotel is strategically positioned to cater to both business and leisure travelers. Additionally, Apple Hospitality disclosed the sale of the SpringHill Suites by Marriott Greensboro for $7.1 million and mentioned an upcoming acquisition of a Motto by Hilton in Nashville, expected to be completed by late 2025. Post these transactions, Apple Hospitality's portfolio includes 224 hotels with 30,066 guest rooms across 37 states and the District of Columbia.
Apple Hospitality REIT (NYSE: APLE) announced a monthly cash distribution of $0.08 per common share, payable on July 15, 2024, to shareholders of record as of June 28, 2024.
The annualized distribution of $0.96 per share represents a 6.6% yield based on the closing price of $14.62 on June 17, 2024.
Apple Hospitality REIT owns 224 hotels across 87 markets in 37 states and the District of Columbia, including 101 Marriott-branded, 118 Hilton-branded, and five Hyatt-branded hotels.
Apple Hospitality REIT (NYSE: APLE) announced the winners of its 2023 Apple Awards, honoring top-performing management companies, hotels, and associates. Chartwell Hospitality was named the 2023 Management Company of the Year for its excellence. Dual Hyatt properties in Tempe, Arizona, received the Shining Apple Award for superior performance. Quarterly Shining Apple Awards went to various Hilton-branded properties. Five associates were also recognized for outstanding contributions to guest service and community impact. These awards are based on balanced scorecard metrics assessing financial and service performance.
