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 (NYSE: APLE) will report its Q2 2024 financial results on August 5, 2024, post-market close. A conference call will follow on August 6, 2024, at 10:00 a.m. Eastern Time. The call can be accessed via telephone or live webcast. A replay will be available from August 6 through August 20, 2024.
Apple Hospitality owns 224 upscale hotels with 29,900 rooms across 87 markets in 37 states and Washington, D.C. Their portfolio includes 101 Marriott-branded, 118 Hilton-branded, and 5 Hyatt-branded hotels. More information can be found on their website.
Apple Hospitality REIT (NYSE: APLE) has announced a monthly cash distribution of $0.08 per common share, payable on June 17, 2024, to shareholders of record as of May 31, 2024.
Based on the closing price of $14.61 per share on May 17, 2024, this represents an annualized distribution of $0.96 per common share, equating to a yield of approximately 6.6%.
Apple Hospitality owns 224 hotels with roughly 29,900 guest rooms across 87 markets in 37 states and the District of Columbia, featuring leading brands such as Marriott, Hilton, and Hyatt.
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.
