Company Profile & Investment Strategy - Apple Hospitality REIT owns 232 hotels [6] with 29,753 guest rooms [6], primarily rooms-focused [6] - The company has a portfolio of hotels associated with 13 brands [6] and managed by 16 management companies [6] - The portfolio is geographically diversified across 35 states [6] and 88 markets [6] - The average effective age of the hotels is 5 years [6], while the average TripAdvisor rating is 4.3 [6] - The company's net total debt to total capitalization is 32% [6], and it has 200 unencumbered hotels [6] Portfolio & Performance - Extended Stay represents 32% of APLE's portfolio [23], Suite Product 23% [23], Other Select Service 43% [23], and Full Service 2% [23] - The company achieved cost savings by reducing total hotel expense by 45% in Q2 2020 [44], 43% in Q3 2020 [44], 37% in Q4 2020 [44], and Q1 2021 [44] compared to the same quarters in 2019 [44] - The company's expense reduction ratio was 0.77 in Q1 2021 [44], meaning that for every 1% decline in total revenue, total hotel expense decreased by 0.77% [44] Financial Position & Strategy - The company aims for an expense reduction ratio target of 0.70 – 0.75 in 2021 [45] - In 2020, the company completed acquisitions of hotels for a total of $111.3 million [57] and dispositions for $55.3 million [57] - In Q1 2021, RevPAR was $55.09 [89], Total Revenue was $158.713 million [89], and Adjusted Hotel EBITDA was $35.427 million [89]

Financial Data and Key Metrics Changes - The company achieved positive cash flow after all corporate level expenses, including capital expenditures, during Q1 2021, marking the strongest operating results since the pandemic began [7][11] - Adjusted hotel EBITDA was $35 million, adjusted EBITDAre was $27 million, and modified funds from operations (MFFO) were $9 million for the quarter [11][25] - Total hotel operating expenses were reduced by 41% compared to the same period in 2019 [10][28] Business Line Data and Key Metrics Changes - RevPAR (Revenue per Available Room) increased to over $68 in March, with a 25% increase from January to February and a 27% increase from February to March [9][11] - The company reported a comparable adjusted hotel EBITDA margin of 23% during the quarter, down only 410 basis points from Q1 2020 but up 530 basis points from Q4 2020 [25][11] - The portfolio occupancy reached approximately 68% in April, with continued improvement in average daily rate (ADR) [9][20] Market Data and Key Metrics Changes - The company’s suburban hotels outperformed urban hotels with occupancy rates of 57% compared to 49% [23] - Strong performance was noted in warmer markets such as California, Texas, and Florida, with 27 hotels achieving occupancies over 80% for the full quarter [22] - The company expects continued outperformance in markets with fewer travel restrictions and less dependence on conventions and large corporate business [24] Company Strategy and Development Direction - The company aims to focus on increasing profitability and operational efficiencies while pursuing accretive transactions to maximize long-term shareholder value [8][13] - The strategy includes maintaining a flexible capital structure with low leverage and investing in geographically diversified select-service hotels [16][29] - The company plans to continue optimizing operations to ensure that cost savings and operational efficiencies achieved during the pandemic persist [11][28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for the remainder of the year due to strong leisure demand and signs of improvement in business transient travel [7][9] - The company anticipates that as business travel increases, it will be able to better manage the mix of business in hotels to drive rate increases [21][42] - Management highlighted the importance of maintaining a conservative balance sheet and the ability to navigate the current environment effectively [31][30] Other Important Information - The company has entered into amendments to its unsecured credit facilities, extending the covenant waiver period and enhancing flexibility for acquisitions [12][29] - The company has sold three hotels for a combined total of $24 million and acquired five hotels for $161 million since the onset of the pandemic [14][13] - The company plans to invest an additional $23 million to $28 million in capital improvements during the remainder of 2021 [14] Q&A Session Summary Question: Congratulations on achieving positive cash flow - Management expressed gratitude for the acknowledgment [34] Question: Thoughts on acquisitions and market conditions - Management noted increased transaction volume and ongoing discussions for potential acquisitions, emphasizing a selective approach [36][38] Question: Update on occupancy and pricing trends - Management reported continued improvement in both weekday and weekend occupancy, with positive ADR trends [40][41] Question: Labor market conditions and hiring - Management acknowledged challenges in the labor market but noted a strategic decision to retain workers during seasonal declines [66][69] Question: CapEx guidance and potential adjustments - Management confirmed comfort with current CapEx plans but indicated flexibility to adjust if operating performance exceeds expectations [71] Question: Investor demand and valuations for hotel assets - Management observed strong demand for assets, keeping pricing stable relative to pre-pandemic levels [76] Question: Supply growth outlook for limited service properties - Management expects lower supply growth in the coming years due to high construction costs and labor shortages [78]

Apple Hospitality REIT, Inc. (GOOGL) Q4 2020 Results Earnings Conference Call February 24, 2021 10:00 AM ET Company Participants Kelly Clarke - Vice President of Investor Relations Justin Knight - Chief Executive Officer Liz Perkins - Chief Financial Officer Conference Call Participants Austin Wurschmidt - KeyBanc Allison Gelman - Barclays Dany Asad - Bank of America Bryan Maher - B. Riley Securities Neil Malkin - Capital One Securities Tyler Batory - Janney Capital Markets Floris Van Dijkum - Compass Point ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2020 or ☐ Transition report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 001-37389 APPLE HOSPITALITY REIT, INC. (Exact name of registrant as specified in its charter) Virginia 26-1379210 (State or other jurisdiction of incorporation or organization) (I.R. ...

Apple Hospitality REIT, Inc. (NYSE:APLE) Q3 2020 Earnings Conference Call November 6, 2020 10:00 AM ET Company Participants Kelly Clarke - Vice President of Investor Relations Justin Knight - Chief Executive Officer Elizabeth Perkins - Senior Vice President and Chief Financial Officer Conference Call Participants Neil Malkin - Capital One Securities, Inc. Austin Wurschmidt - KeyBanc Capital Markets Inc. Tyler Batory - Janney Montgomery Scott, LLC Bryan Maher - B. Riley FBR, Inc. Michael Bellisario - Robert ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _______ TO _______ Commission File Number 001-37389 APPLE HOSPITALITY REIT, INC. (Exact name of registrant as specified in its charter) Virginia 26-1379210 (State or ot ...

Apple Hospitality REIT, Inc. (NYSE:APLE) Q2 2020 Earnings Conference Call August 7, 2020 10:00 AM ET Company Participants Kelly Clarke - Vice President, Investor Relations Justin Knight - Chief Executive Officer Liz Perkins - Chief Financial Officer Conference Call Participants Austin Wurschmidt - KeyBanc Neil Malkin - Capital One Securities Anthony Powell - Barclays Jonathan Gold - Janney Capital Markets Kyle Menges - B. Riley Michael Bellisario - Baird Operator Greetings and welcome to Apple Hospitality R ...