Apple Hospitality REIT, Inc. Declares Monthly Distribution of September 2022, Payable on September 15, 2022
August 17, 2022 at 09:00 am EDT
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Apple Hospitality REIT, Inc. announced that its Board of Directors authorized an increase in the Company's regular monthly cash distributions to $0.07 per common share, up from $0.05 per common share, and declared a monthly cash distribution of $0.07 per common share for the month of September 2022. The distribution is payable on September 15, 2022, to shareholders of record as of September 2, 2022. Based on the Company's common stock closing price of $17.26 on August 16, 2022, the new annualized distribution of $0.84 per common share represents an annual yield of approximately 4.9%.
Apple Hospitality REIT, Inc. is a real estate investment trust (REIT) that owns a diverse portfolio of upscale, room-focused hotels in the United States. The Company's portfolio consists of about 224 hotels with more than 29,886 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties. Its hotel portfolio consists of 100 Marriott-branded hotels, 118 Hilton-branded hotels and five Hyatt-branded hotels. Its hotels operate under Marriott or Hilton brands. The hotels are operated and managed under separate management agreements with 16 hotel management companies, consisting of Hilton Garden Inn, Hampton, Courtyard, Residence Inn, Homewood Suites, SpringHill Suites, Fairfield, Home2 Suites, TownePlace Suites, AC Hotels, Hyatt Place, Marriott, Embassy Suites, Aloft, and Hyatt House. Its hotels are located in various states, including Alaska, Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Kansas, Louisiana, Michigan, and others.
APPLE HOSPITALITY REIT, INC. 
