RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced that its Board of Directors declared a regular monthly cash distribution of $0.08 per common share. The distribution is payable on February 15, 2024, to shareholders of record as of January 31, 2024. Based on the Company’s common stock closing price of $16.16 on January 18, 2024, the annualized distribution of $0.96 per common share represents an annual yield of approximately 5.9 ...

Financial Data and Key Metrics Changes - Comparable hotels total revenue for Q3 2023 was $356 million, up 4% year-over-year, and over $1 billion for the first nine months, up 9% compared to the same periods in 2022 [18] - Comparable hotels RevPAR was $123, a 3% increase over Q3 2022, with ADR of $159, up 1%, and occupancy of 77%, up 2% year-over-year [18] - Adjusted EBITDA for Q3 was approximately $132 million, a 1% improvement year-over-year, with a comparable hotels adjusted hotel EBITDA margin of 37.1%, down 110 basis points from Q3 2022 [24][26] Business Line Data and Key Metrics Changes - Leisure travel remained strong with weekend occupancies at 82%, up 1% compared to Q3 2022, while average weekday occupancies improved to 75%, an increase of 2% year-over-year [19] - The company achieved a comparable hotels adjusted hotel EBITDA margin of 37.1% for Q3, reflecting a focus on cost controls amid inflationary pressures [24] Market Data and Key Metrics Changes - Preliminary results for October indicated comparable hotels occupancy at 78%, with continued growth in ADR [6] - The company noted that nearly half of its hotels do not have new supply under construction within a 5-mile radius, allowing for potential benefits from incremental demand [15] Company Strategy and Development Direction - The company has acquired four hotels since the beginning of the year and has three additional hotels under contract, actively pursuing further opportunities [8][13] - The strategy focuses on maintaining a diversified portfolio of high-quality, rooms-focused hotels with low leverage, positioning the company to capitalize on market opportunities [7][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the trajectory of the industry and the company's portfolio, citing favorable travel trends and limited near-term supply growth [15][31] - The company has adjusted its annual guidance to reflect strong performance through the first nine months and preliminary results for October, expecting RevPAR growth between 5.5% and 7.5% for the year [29][30] Other Important Information - The company paid distributions totaling $0.24 per share during the quarter, representing an annual yield of approximately 5.7% based on the closing stock price [14] - The balance sheet remains strong with total outstanding debt of $1.3 billion, approximately 3.1 times trailing 12-month EBITDA, and a weighted average interest rate of 4.3% [26][27] Q&A Session Summary Question: Can you help us understand the revised guidance for hotel EBITDA margin change? - The revised guidance assumes a 50 basis point change for the existing comparable hotels, with a 30 basis point benefit from new acquisitions [34][35] Question: What is the expectation for hotel EBITDA contribution from acquisitions set to close this year? - The annualized contribution from new properties is estimated to be around $16 million [42] Question: How do you view the market for larger transactions and troubled refinancing portfolios? - The company is active in underwriting potential acquisitions, focusing on individual assets and small to medium-sized portfolios, with expectations for continued opportunities due to financing issues in the market [45][46] Question: How much of your occupancy is booked in advance for the last two months of the year? - Typically, about 50% of occupancy is on the books as the month begins, with the remaining realized in the month [68] Question: What is the company's view on permanent financing and current market pricing? - The company balances fixed versus floating rates, currently being about 20% variable, and has lower borrowing costs compared to competitors [76][78] Question: How do you see leisure-focused markets stabilizing as we enter 2024? - The company remains bullish about long-term prospects for leisure markets, expecting stabilization and growth from pre-pandemic levels [80][82]

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, 2023 ☐ 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) (State or other jurisdiction of ...

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 S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Shares, no par value APLE New York Stock Exchange 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, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _______ TO _______ Commission File N ...

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 Ea ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Shares, no par value APLE New York Stock Exchange 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, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _______ TO _______ Commission File ...

IN VESTOR PRESENTATION ...

Apple Hospitality REIT, Inc. (NYSE:APLE) Q4 2022 Results Conference Call February 22, 2023 10:00 AM ET Company Participants Kelly Clarke - VP, IR Justin Knight - CEO Liz Perkins - CFO Conference Call Participants Anthony Powell - Barclays Tyler Batory - Oppenheimer Dany Asad - Bank of America Michael Bellisario - Baird Bryan Maher - B. Riley Securities Chris Darling - Green Street Operator Greetings and welcome to the Apple Hospitality REIT’s Fourth Quarter and Full Year 2022 Earnings Call. [Operator Instru ...

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) | --- | --- | --- | --- | |------------------------------------------------------------- ...