Apple Hospitality REIT (APLE) Earnings Call Presentation

Company Overview - Apple Hospitality owns 220 upscale, rooms-focused hotels[8] with 29,767 guest rooms[8] across 37 states[8] - The company's net debt to total capitalization is 33%[8] with 72% of outstanding debt effectively fixed[8] - The company's equity market capitalization was $3.1 billion as of March 31, 2025[11] and net debt was $1.5 billion[11] - The company paid $243.7 million in distributions in 2024[11] Financial Performance - Full year 2024 revenue was $1.4 billion[11] with MFFO per share of $1.61[11] - Comparable Hotels RevPAR for the first quarter of 2025 was $111[26], with occupancy at 71%[26] and ADR at $157[26] - Comparable Hotels Total Revenue for Q1 2025 was $324.262 million[30], a decrease of 0.4% compared to Q1 2024[30] - Comparable Hotels Adjusted Hotel EBITDA for Q1 2025 was $104.866 million[30], a decrease of 5.4% compared to Q1 2024[30] Portfolio Management - The company has an average effective hotel age of 5 years[8] and an average TripAdvisor rating of 4.3[8] - The company repurchased approximately 2.4 million common shares for $32.3 million through April 2025[26] - The company has available liquidity of approximately $500 million under its revolving credit facility as of Q1 2025[26]