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Apple Hospitality REIT(APLE) - 2022 Q4 - Annual Report
2023-02-21 21:19
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, 2022 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) | --- | --- | --- | --- | |------------------------------------------------------------- ...
Apple Hospitality REIT(APLE) - 2020 Q4 - Annual Report
2021-02-23 21:19
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(APLE) - 2020 Q3 - Quarterly Report
2020-11-05 21:24
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(APLE) - 2020 Q2 - Quarterly Report
2020-08-06 20:28
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 June 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 other j ...
Apple Hospitality REIT(APLE) - 2020 Q1 - Quarterly Report
2020-05-18 20:27
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 March 31, 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 other ...
Apple Hospitality REIT(APLE) - 2019 Q4 - Annual Report
2020-02-24 21:29
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, 2019 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(APLE) - 2019 Q3 - Quarterly Report
2019-11-04 21:39
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, 2019 ☐ 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(APLE) - 2019 Q2 - Earnings Call Transcript
2019-08-06 21:02
Financial Data and Key Metrics Changes - Actual RevPAR increased by 1.1% while comparable hotels' RevPAR was essentially flat with a nominal decline of 0.1% [8][9] - Comparable ADR for the quarter increased by 0.5%, offset by a 50 basis points decline in occupancy [9] - Adjusted EBITDA decreased by 3% for the quarter and 2% year-to-date [9][30] - Comparable hotels' adjusted hotel EBITDA margin was 39.6% for the quarter, down 40 basis points year-over-year [9][25] Business Line Data and Key Metrics Changes - Non-room revenue grew by 3% in the second quarter, while food and beverage revenue declined [24] - Same store total payroll increased by 4% for occupied room, with controllable operating expenses increasing less than 1% for occupied room [25] Market Data and Key Metrics Changes - Only two markets, Los Angeles and San Diego, contributed more than 5% to EBITDA for the quarter, both showing approximately 3% RevPAR growth above the portfolio average [22] - The Phoenix market performed well with healthy demand exceeding new supply increases [23] - Austin, Chicago, Dallas, Nashville, and Seattle markets faced challenges due to new supply absorption [23] Company Strategy and Development Direction - The company remains selective in considering new acquisitions and dispositions, with a focus on high-quality existing select service hotels [12] - The company plans to spend an additional $45 million to $55 million on renovations in 2019, including starting renovations at 20 hotels [32] - The company is exploring potential dispositions through brokered transactions and reverse inquiries, with a strong balance sheet providing flexibility [13] Management's Comments on Operating Environment and Future Outlook - Management believes demand will remain steady through the remainder of the year, offsetting continued supply growth in many markets [10] - The company is tightening its full-year operating guidance without adjusting the midpoint, reflecting performance during the second quarter [10][29] - Management expressed confidence in the strength of their brands and onsite management teams to remain competitive long-term [11][19] Other Important Information - The company has returned over $150 million to shareholders in dividends, representing a 7.9% yield [33] - The company has seven hotels under contract for acquisition, totaling an expected purchase price of $216 million [13] Q&A Session Summary Question: What is the reason for the relative strength in transient demand? - Management noted that transient demand has been better than group demand, with a 1% increase in transient demand [36][37] Question: What is the company's view on new lifestyle brands? - The company is interested in expanding into lifestyle brands but sees Moxy as a niche play, while new concepts from Hilton may have broader appeal [41][42] Question: Why was there no stock buyback in the quarter? - Management indicated that they are more focused on redeploying proceeds from sales into share repurchases, especially given the recent pullback in stock price [44][45] Question: What is the company's strategy regarding acquisitions versus buybacks? - Management sees new builds as better opportunities currently, with share repurchases being equally attractive due to the recent stock price decline [46][47] Question: What is the status of the boutique hotel acquisition? - The boutique hotel acquisition is seen as a unique opportunity to gain insights into the independent hotel business without straying from the company's core strategy [56][57][58]
Apple Hospitality REIT(APLE) - 2019 Q2 - Quarterly Report
2019-08-05 20:22
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 June 30, 2019 ☐ 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 other j ...
Apple Hospitality REIT(APLE) - 2019 Q1 - Quarterly Report
2019-05-08 20:23
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 March 31, 2019 ☐ 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 other ...