Apple Hospitality REIT reports recurring developments tied to its U.S. lodging portfolio, including quarterly operating results, monthly common-share distributions, hotel operating metrics and portfolio activity. The company is a publicly traded REIT focused on upscale, rooms-focused hotels operated primarily under Marriott, Hilton and Hyatt brands, with income derived from hotel revenue.
News items also cover shareholder meeting matters, investor conference scheduling, hotel acquisitions, management-company recognition programs and updates on balance-sheet and REIT-related topics. Operating updates commonly reference measures such as RevPAR, occupancy, average daily rate, Adjusted EBITDAre and modified funds from operations.
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Apple Hospitality REIT, Inc. (NYSE: APLE) announced a regular monthly cash distribution of $0.08 per common share, payable on May 15, 2023, to shareholders of record as of April 28, 2023. This annualized distribution of $0.96 per common share reflects an annual yield of approximately 6.0%, based on the stock's closing price of $16.01 on April 17, 2023. The company maintains a substantial portfolio consisting of 220 hotels and approximately 29,000 guest rooms across 37 states, primarily under Marriott and Hilton brands. The press release also mentions risks related to COVID-19's impact on the hospitality industry, including potential hotel closures and changes in travel patterns.
Apple Hospitality REIT, Inc. (NYSE: APLE) will report its first quarter 2023 financial results after market close on May 2, 2023, followed by a conference call on May 3, 2023, at 10:00 a.m. Eastern Time. The call will be accessible via telephone and live webcast. A replay will be available from 2:00 p.m. Eastern Time on May 3 until 11:59 p.m. Eastern Time on May 17. Apple Hospitality owns a diverse portfolio of 220 hotels across 37 states, primarily branded with Marriott and Hilton.