Apple Hospitality REIT

Apple Hospitality REIT, Inc. is a self-advised real estate investment trust company, which invests in income-producing real estate, primarily in the lodging sector. It owns hotels located in urban, high-end suburban, and developing markets throughout states, which operates under Marriott, Hilton, or Hyatt brands. The company was founded by Glade M. Knight on November 8, 2007 and is headquartered in Richmond, VA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Apple Hospitality REIT reports strong 2022 performance amidst market uncertainties

Apple Hospitality REIT delivered robust performance in 2022 and remains optimistic about driving strong results and maximizing shareholder value despite macroeconomic uncertainties.
Strategic investments, distribution reinstatement, and expense management reflect a proactive and resilient approach to navigating market challenges and capitalizing on growth opportunities.
The company's focus on operational efficiency, portfolio expansion, and financial sustainability positions them well to weather potential headwinds and capitalize on strategic acquisition opportunities in 2023.

Apple Hospitality REIT reports robust Q1 performance and growth strategies

Apple Hospitality REIT's Q1 2023 showcased strong performance and strategic investments, with a focus on driving shareholder value through acquisitions and share buybacks. Challenges include rising construction costs and talent retention efforts, while opportunities lie in deal flow and rate optimization strategies.

Apple Hospitality REIT excels in Q2 2023, eyes strategic growth

Apple Hospitality REIT's Q2 2023 performance showcased strong operational metrics and financial results, supported by strategic investments and portfolio enhancements.
Management's focus on asset maintenance, brand conversations, and development deals aligns with market trends and positions the company for sustained growth.
While facing challenges in transaction terms and operational adjustments, the company's prudent approach and strategic direction offer opportunities for long-term value creation.
Overall, Apple Hospitality REIT's performance, strengths, and opportunities indicate a resilient and forward-looking strategy in the hospitality real estate sector.

Apple Hospitality REIT posts solid Q3 results amid growth strategies

Apple Hospitality REIT (APLE) delivered strong Q3 results, showcasing growth in key metrics and a focus on strategic investments.
Despite cost pressures and financing challenges, the company's proactive approach to acquisitions and underwriting positions it well for future growth.
With a solid balance sheet, narrowed guidance, and a commitment to maximizing shareholder returns, Apple Hospitality REIT demonstrates resilience and adaptability.

Apple Hospitality REIT reports solid Q4 performance and eyes growth opportunities

Apple Hospitality REIT's strong performance in Q4 2023 and optimistic outlook for 2024 underscore its commitment to driving shareholder value. Strategic portfolio optimization, focus on growth opportunities, and proactive monitoring of market dynamics position the company for future success.

Apple Hospitality REIT posts strong Q3 results amid strategic portfolio moves

Apple Hospitality REIT (APLE) delivered a robust performance in Q3 2024, marked by revenue growth, improved EBITDAre, and strategic portfolio actions.
The company's focus on operational excellence, dividend yield, and portfolio optimization positions it well for continued success in the market.
While facing challenges from market competition, Apple Hospitality REIT remains poised to capitalize on growth opportunities and deliver value to investors.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Apple Hospitality REIT, Inc. is a self-advised real estate investment trust company, which invests in income-producing real estate, primarily in the lodging sector. It owns hotels located in urban, high-end suburban, and developing markets throughout states, which operate under Marriott, Hilton, or Hyatt brands. The company was founded by Glade M. Knight on November 8, 2007 and is headquartered in Richmond, VA.

Apple Hospitality REIT is one of the largest hospitality REITs in the US, with a portfolio of 220 hotels and close to 29,000 rooms. The company had a strong first half to the year, with increases in average daily rate and revenue per available room compared to the same period last year. Apple Hospitality REIT has a low dividend payout ratio and a history of increasing dividends, suggesting potential for future dividend increases.

Apple Hospitality REIT: A Healthy Fruit

Apple Hospitality REIT, Inc. (NYSE:APLE ) Q2 2023 Earnings Conference Call August 4, 2023 9:00 AM ET Company Participants Kelly Clarke - VP, IR Justin Knight - CEO Liz Perkins - CFO Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Dori Kesten - Wells Fargo Securities Tyler Batory - Oppenheimer Tyler Batory - Oppenheimer & Co. Inc. Anthony Powell - Barclays Michael Bellisario - Robert W. Baird Chris Darling - Green Street Operator Greetings and welcome to the Apple Hospitality REIT's Second Quarter 2023 Earnings Call.

Apple Hospitality REIT, Inc. (APLE) Q2 2023 Earnings Call Transcript

The headline numbers for Apple Hospitality REIT (APLE) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Apple Hospitality REIT (APLE) Q2 Earnings: A Look at Key Metrics

Apple Hospitality REIT (APLE) came out with quarterly funds from operations (FFO) of $0.49 per share, missing the Zacks Consensus Estimate of $0.51 per share. This compares to FFO of $0.48 per share a year ago.

Apple Hospitality REIT (APLE) Misses Q2 FFO Estimates

RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT Reports Results of Operations for Second Quarter 2023.

Apple Hospitality REIT Reports Results of Operations for Second Quarter 2023

Hotel REITs are making a steady comeback, with a 4.62% increase in 2023, slightly off the average REIT pace of 4.90%. Airline travel has returned to pre-pandemic levels, boosting hotel demand, and gasoline prices are down over 20% from last year, encouraging summer travel. Apple Hospitality offers a high and very safe 6.34% yield, a stellar balance sheet, and solid growth prospects, all at a surprisingly low price.

Apple Hospitality: A Solid Buy In Hotel REITs

DiamondRock Hospitality

Host Hotels & Resorts

Pebblebrook Hotel Trust

Park Hotels & Resorts

Ryman Hospitality Properties

RLJ Lodging Trust

Sunstone Hotel Investors

Are you looking to invest in hotel real estate investment trusts (REITs) in 2023? Hotel REITs offer you the chance to diversify your portfolio with exciting and luxurious properties located in exotic locations around the world, from New York to Bali.

7 Best Hotel REITs to Buy Now

Service Properties Trust

The success of Taylor Swift's Eras Tour and Beyonce's Renaissance Tour is expected to drive significant revenue for certain hotel REITs, particularly in the US. Service Properties Trust and Apple Hospitality are predicted to benefit most, with properties in 24 and 23 of the tour cities respectively, potentially leading to higher occupancy and room rates. The tours are expected to have a very positive impact on the 3rd quarter earnings results of Service Properties Trust and Apple Hospitality and could drive unprecedented revenue growth.

Beyonce Renaissance Tour Caps Off Blow Out Third Quarter For Hotel REITs

Sotherly Hotels

Sweden's Central Bank reported a higher than expected 9.7% inflation rate in May, partly attributed to the impact of Beyonce's Renaissance Tour on hotel prices. The article explores the potential for hotel REITs to benefit from major concert tours, citing evidence of increased occupancy and room rates during Taylor Swift's Eras Tour. The article identifies Service Properties Trust and Apple Hospitality as the REITs with the most exposure to Swift's tour, suggesting they may see enhanced demand and profitability.

REITs Capitalizing On Taylor Swift's Eras Tour

Apple Hospitality is a publicly traded hotel REIT with a portfolio of 221 hotels across 37 states, and a market cap of approximately $3.5 billion. Despite the pandemic, APLE has recovered faster than its peers and is currently trading at a 30% discount to the sector median, with a dividend yield of 6.3%. APLE's strong balance sheet and strategic acquisitions have positioned it for solid performance and growth, with the potential for increased returns through multiple expansion.

Apple Hospitality: Strong Performance Ahead

Focusing on acquiring properties in strong RevPAR markets, Apple Hospitality (APLE) buys Courtyard by Marriott Cleveland University Circle in Cleveland, OH, for $31 million or about $201,000 per key.

Apple Hospitality (APLE) Boosts Portfolio With $31M Buyout

RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT Acquires the Courtyard by Marriott Cleveland University Circle.

Apple Hospitality REIT Acquires the Courtyard by Marriott Cleveland University Circle

RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT Recognizes Top Performers with 2022 Apple Awards.

Apple Hospitality REIT Recognizes Top Performers with 2022 Apple Awards

RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT Announces Dates for Second Quarter 2023 Earnings Release and Conference Call.

Apple Hospitality REIT Announces Dates for Second Quarter 2023 Earnings Release and Conference Call

Cross Timbers Royalty

Realty Income Corp

Permian Basin Royalty Trust

U.S. Global Investors

LTC Properties

Main Street Capital

Investing in monthly dividend stocks could prove to be invaluable. In fact, these financial vehicles can potentially serve as a lucrative source of recurring passive income.

7 Monthly Dividend Stocks to Buy in June for a Passive Income Stream

Investors need to pay close attention to Apple Hospitality (APLE) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Apple Hospitality (APLE) Stock?

Well-diversified hotel portfolio with strong branding. Q1 2023 earnings show the company's continued recovery from the pandemic. Current forward dividend yield of 6.62% and share price makes it an attractive entry point.

Apple Hospitality REIT: Time To Take A Bite

Apple Hospitality REIT is a hotel REIT with industry-leading tenants. It has been recovering well after the pandemic.

Apple Hospitality REIT: Recovering Well With A 6.6% Dividend Yield

Ashford Hospitality Trust

JPMorgan BetaBuilders MSCI US REIT ETF

Braemar Hotels & Resorts Inc

Blackstone Group

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

Hersha Hospitality Trust Class A

iShares Cohen & Steers REIT ETF

Summit Hotel Properties

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Neuberger Berman Real Estate Securities Income Fund Inc

US Diversified Real Estate ETF

Invesco Active US Real Estate

ALPS Active REIT ETF

ProShares Short Real Estate

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Despite lingering recession concerns, hotel REITs are pacing for a second-straight year of outperformance after punishing early-pandemic declines, buoyed by steady post-pandemic operating improvement and the long-awaited return of dividends. The final pandemic-era travel restrictions were lifted last week with the ending of the vaccine mandate for foreign arrivals. International travel demand should provide a healthy tailwind over the coming quarters.

Hotel REITs: Pandemic Is Officially Over

Apple

AbbVie

AGNC Investment

AGNC Investment Corp - FXDFR PRF PERPETUAL USD 25 - Ser D 1/1000th int

AGNC Investment Corp. Deposit Shs Repr 1/1000th Cum Conv Red Pfd Registered Shs Series C

Allianz SE

Antero Midstream Partners

Ares Capital

Apollo Commercial Real Estate Finance

Broadcom

Boeing

Alibaba

Bank of America

BASF SE

Brookfield Renewable Partners

B&G Foods

Bank of Montreal

Bayerische Motoren Werke AG

Bank of Nova Scotia

Markets are racing higher as the earnings season turned out much better than expected. Sector rotation into tech stocks has led to a surge in big-tech with Nvidia clearly leading the pack.

My Dividend Stock Portfolio: New April Dividend Record - 99 Holdings With 21 Buys

Arbor Realty Trust

Ares Commercial Real Estate

Agree Realty

Great Ajax

American Homes 4 Rent

Angel Oak Mortgage

Broadstone Net Lease

City Office REIT

Americold Realty

Douglas Emmett

Equinix

Invitation Homes

Macerich

U.S. equity markets finished lower on a turbulent week after the Federal Reserve continued its historically-aggressive monetary tightening course, sparking renewed turmoil in the regional banking sector. After closing at its highest levels since early February last week, the S&P 500 slipped 0.8% this week, using a late-week rebound to pare its steepest four-day declines since the SVB collapse.

Fed Hikes, Turmoil Ensues

Apple Hospitality REIT, Inc. (NYSE:APLE ) Q1 2023 Earnings Conference Call May 3, 2023 10:00 AM ET Company Participants Kelly Clarke - VP, IR Justin Knight - CEO Liz Perkins - CFO Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Bryan Maher - B. Riley Securities Dori Kesten - Wells Fargo Tyler Batory - Oppenheimer Anthony Palo - Barclays Dany Asad - Bank of America Michael Bellisario - Baird Chris Darling - Green Street Operator Greetings and welcome to the Apple Hospitality REIT's Earnings Call.

Apple Hospitality REIT, Inc. (APLE) Q1 2023 Earnings Call Transcript

RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT Reports Results of Operations for First Quarter 2023.

Apple Hospitality REIT Reports Results of Operations for First Quarter 2023

Amazon

Alphabet

Netflix

A few large cap stocks can mask the market's weakness beneath the surface. Learn how to distinguish whether the market is healthy or weak.

Stinky Breadth: FAANG Masks Market Weakness Beneath the Surface

Apple Hospitality: An Impressive Monthly High-Yield Play

News for Apple Hospitality REIT Stock (APLE)