Apple Hospitality REIT Inc
Nasdaq - APLE - $ Price
Apple Hospitality REIT is a publicly traded real estate investment trust that owns a large and diverse portfolio of upscale, rooms-focused hotels across the United States.
Traded on the New York Stock Exchange under the symbol "APLE," the company strategically invests in well-regarded brands within the Hilton, Hyatt, and Marriott families. Apple Hospitality REIT is headquartered in Richmond, Virginia.
(1) Director Howard Woolley
(2) Director Redd Hugh
(3) Director Glade Knight
Recent News on Apple Hospitality from Google Gemini.
May 6, 2025: CoStar News reported that Apple Hospitality REIT is still actively buying and selling hotels despite what their CEO called a "challenging" transactions market.
On the selling side, they sold two Homewood Suites and a SpringHill Suites earlier in the year and plan to sell a Marriott in Houston this summer.
On the buying side, they have two hotels under contract, a Homewood Suites in Tampa Brandon and a Motto by Hilton in Nashville Downtown.
The article also noted a slight dip in the company's first-quarter performance compared to the previous year, citing factors like winter weather, soft demand in Southern California, and a pullback in government travel.
May 1, 2025: Apple Hospitality REIT announced its first-quarter 2025 results. While comparable hotels' RevPAR modestly declined by 0.5% to $111.36, the average daily rate (ADR) increased by 1.0% to $156.56, and occupancy decreased by 1.5% to 71.1%.
The company reported net income of $31.2 million, a decrease compared to $54.1 million in the first quarter of 2024. They also highlighted their ongoing strategy of selective acquisitions and dispositions, as well as the repurchase of approximately 2.4 million shares of common stock for $32 million during the quarter.
April 17, 2025: The company announced a regular monthly cash distribution of $0.08 per common share, payable on May 15, 2025, to shareholders of record as of April 30, 2025.
Based on the 1 closing stock price on April 16, 2025, the annualized distribution represents an annual yield of approximately 8.3%.