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. (NYSE: APLE) is a lodging-focused real estate investment trust that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Its hotels operate under well-known brands, including Marriott, Hilton and Hyatt, along with at least one independent property. The APLE news feed on Stock Titan brings together the company’s press releases and other coverage in one place.
Investors following APLE news can see regular announcements about monthly cash distributions, quarterly and annual financial results, and updates on portfolio performance metrics such as ADR, Occupancy and RevPAR. Apple Hospitality frequently reports on its Comparable Hotels performance, non-GAAP measures like Adjusted EBITDAre and MFFO, and commentary from management on trends affecting its lodging portfolio.
News for Apple Hospitality REIT also highlights transactional activity, including hotel acquisitions, dispositions and forward-purchase or development contracts. Recent items have covered the acquisition of a Motto by Hilton in downtown Nashville, the purchase of a Homewood Suites by Hilton in the Tampa–Brandon area, and the sale of non-core hotels such as a Houston Marriott property. The company also announces contracts for future hotels in markets like Anchorage, Alaska, and Las Vegas, Nevada.
In addition, APLE news includes disclosures on corporate responsibility, such as the publication of its annual Corporate Responsibility Report detailing environmental stewardship, social responsibility and governance practices. For shareholders and analysts, this page offers a centralized view of Apple Hospitality’s distributions, operating updates, capital allocation decisions and corporate responsibility initiatives. Bookmark this feed to monitor new releases, earnings-related announcements and other material developments for Apple Hospitality REIT, Inc.
Apple Hospitality REIT (NYSE: APLE) has published its annual Corporate Responsibility Report, highlighting the company's ESG initiatives and performance. The report showcases APLE's commitment to environmental sustainability, corporate employees, hotel associates, guests, and communities across its portfolio of 222 hotels with approximately 29,900 guest rooms in 86 markets throughout 37 states and DC.
The portfolio includes 98 Marriott-branded hotels, 119 Hilton-branded hotels, and 5 Hyatt-branded hotels. The enhanced disclosures aim to provide stakeholders with comprehensive insights into the company's environmental stewardship, social responsibility, and corporate governance strategies.
Apple Hospitality REIT (NYSE: APLE) has announced two distributions for shareholders: a regular monthly cash distribution of $0.08 per common share and a special cash distribution of $0.05 per common share. The combined distribution of $0.13 per share will be paid on January 15, 2025, to shareholders of record as of December 31, 2024.
Based on the company's stock closing price of $15.25 on December 18, 2024, the annualized regular monthly distribution of $0.96 represents a 6.3% annual yield. The company owns 222 hotels with approximately 29,900 guest rooms across 86 markets in 37 states and DC, including 98 Marriott-branded, 119 Hilton-branded, and 5 Hyatt-branded properties.
Apple Hospitality REIT (NYSE: APLE) has announced its schedule for reporting fourth quarter and full year 2024 financial results. The company will release results after market close on Monday, February 24, 2025, followed by a conference call on Tuesday, February 25, 2025, at 10:00 a.m. Eastern Time.
The conference call will be accessible via telephone and webcast. U.S. participants should dial 877-407-9039, while international participants should dial 201-689-8470. A replay will be available until March 11, 2025. Apple Hospitality REIT owns a diverse portfolio of 222 upscale hotels with approximately 29,900 guest rooms across 86 markets in 37 states and DC, including 98 Marriott-branded, 119 Hilton-branded, and 5 Hyatt-branded hotels.
Apple Hospitality REIT (NYSE: APLE) has declared a regular monthly cash distribution of $0.08 per common share, payable on December 16, 2024, to shareholders of record as of November 29, 2024. Based on the company's stock closing price of $15.52 on November 18, 2024, the annualized distribution of $0.96 represents a 6.2% annual yield. The company owns a diverse portfolio of 223 upscale hotels with approximately 30,000 guest rooms across 86 markets in 37 states and DC, including 99 Marriott-branded, 119 Hilton-branded, and 5 Hyatt-branded properties.
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.