Apple Hospitality REIT, Inc.

APLE

US03784Y2000

Specialized REITs

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
15 ^USD	0.00%		-0.92%	-9.69%

Apr. 22	BofA Securities Lowers Apple Hospitality REIT Price Objective to $17 from $18	MT
Apr. 18	Apple Hospitality REIT, Inc. Announces Monthly Cash Distribution, Payable on May 15, 2024	CI

Apple Hospitality REIT, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

February 22, 2024 at 04:15 pm EST

Apple Hospitality REIT, Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 282.48 million compared to USD 273.15 million a year ago. Revenue was USD 312.46 million compared to USD 299.12 million a year ago.

Net income was USD 20.77 million compared to USD 2.31 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to USD 0.01 a year ago.

Latest news about Apple Hospitality REIT, Inc.

BofA Securities Lowers Apple Hospitality REIT Price Objective to $17 from $18	Apr. 22	MT
Apple Hospitality REIT, Inc. Announces Monthly Cash Distribution, Payable on May 15, 2024	Apr. 18	CI
Lodging REIT Quarterly Results Likely Benefitted From Upper Upscale Chain Strength, Oppenheimer Says	Apr. 05	MT
Apple Hospitality REIT Acquires AC Hotel by Marriott Washington DC Convention Center for $116.8 Million	Mar. 27	MT
Apple Hospitality REIT, Inc. Announces Acquisition of 234-Room AC Hotel by Marriott Washington DC Convention Center	Mar. 27	CI
Apple Hospitality REIT, Inc. completed the acquisition of AC Hotel by Marriott Washington DC Convention Center for approximately $120 million.	Mar. 26	CI
Apple Hospitality REIT, Inc. Declares Regular Monthly Cash Distribution on Common Share, Payable on April 15, 2024	Mar. 18	CI
Transcript : Apple Hospitality REIT, Inc., Q4 2023 Earnings Call, Feb 23, 2024	Feb. 23
Apple Hospitality REIT Says About $335 Million Remaining Under Share Repurchase Program at Year-End 2023	Feb. 22	MT
Apple Hospitality REIT Modified FFO Declines Whle Revenue Increases	Feb. 22	MT
Earnings Flash (APLE) APPLE HOSPITALITY REIT Reports Q4 Revenue $312.5M	Feb. 22	MT
Tranche Update on Apple Hospitality REIT, Inc.'s Equity Buyback Plan announced on April 23, 2015.	Feb. 22	CI
Apple Hospitality REIT, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 22	CI
Apple Hospitality REIT, Inc. Provides Earnings Guidance for the Year Ending December 31, 2024	Feb. 22	CI
Apple Hospitality REIT, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 22	CI
Apple Hospitality REIT Maintains Monthly Distribution at $0.08 per Share, Payable March 15 to Shareholders of Record Feb. 29	Feb. 16	MT
Apple Hospitality REIT, Inc. Declares Regular Monthly Cash Distribution, Payable on March 15, 2024	Feb. 16	CI
Apple Hospitality REIT Maintains Monthly Dividend at $0.08 a Share, Payable Feb. 15 to Shareholders of Record on Jan. 31	Jan. 19	MT
Apple Hospitality REIT, Inc. Announces Monthly Distribution, Payable on February 15, 2024	Jan. 19	CI
North American Morning Briefing : Samsung Warning Knocks Tech Stocks	Jan. 09	DJ
BofA Securities Downgrades Apple Hospitality REIT to Neutral From Buy, Trims Price Target to $18 From $19	Jan. 08	MT
Apple Hospitality REIT Buys Las Vegas Property for $75 Million	Dec. 28	MT
Apple Hospitality REIT, Inc. Acquires the Springhill Suites by Marriott Las Vegas Convention Center	Dec. 28	CI
Apple Hospitality REIT, Inc. acquired SpringHill Suites Las Vegas Convention Center for $75 million.	Dec. 27	CI
Wells Fargo Adjusts Price Target on Apple Hospitality REIT to $18 From $17, Keeps Equalweight Rating	Dec. 22	MT

Chart Apple Hospitality REIT, Inc.

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Company Profile

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.

Sector

Specialized REITs

Calendar

2024-05-06 - Q1 2024 Earnings Release

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Russell 2000

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Ratings for Apple Hospitality REIT, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

15 USD

Average target price

17.86 USD

Spread / Average Target

+19.05%

Consensus

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Company calendar

Sector Hospitality REITs

	1st Jan change	Capi.
APPLE HOSPITALITY REIT, INC.	-9.69%	3.64B
VICI PROPERTIES, INC.	-10.70%	29.7B
GAMING AND LEISURE PROPERTIES, INC.	-13.96%	11.53B
RYMAN HOSPITALITY PROPERTIES, INC.	-2.73%	6.34B
PARK HOTELS & RESORTS INC.	+8.30%	3.49B
CAPITALAND ASCOTT TRUST	-9.09%	2.49B
JAPAN HOTEL REIT INVESTMENT CORPORATION	+19.51%	2.44B
COVIVIO HOTELS	-8.54%	2.37B
SUNSTONE HOTEL INVESTORS, INC.	-4.01%	2.1B
DIAMONDROCK HOSPITALITY COMPANY	-3.62%	1.91B

Hospitality REITs