Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


August 29, 2015 10:30 PM ET

Real Estate Investment Trusts (REITs)

Company Overview of Apple Hospitality REIT, Inc.

Company Overview

Apple Hospitality REIT, Inc. is a publicly owned real estate investment trust. It invests in the real estate markets of United States. The firm invests primarily in the lodging industry. It is focused on the acquisition and ownership of income-producing real estate. The firm was formerly known as Apple REIT Nine, Inc. Apple Hospitality REIT, Inc. was founded on November 9, 2007 and is based in Richmond, Virginia.

814 East Main Street

Richmond, VA 23219

United States

Founded in 2007

Phone:

804-344-8121

Fax:

804-344-8129

Key Executives for Apple Hospitality REIT, Inc.

Chief Executive Officer, President and Director
Age: 42
Total Annual Compensation: $411.5K
Founder, Executive Chairman and Chairman of Executive Committee
Age: 71
Total Annual Compensation: $262.8K
Chief Financial Officer and Executive Vice President
Age: 50
Total Annual Compensation: $373.0K
Chief Operating Officer and Executive Vice President
Age: 42
Total Annual Compensation: $388.3K
Executive Vice President, Chief Legal Counsel and Secretary
Age: 47
Total Annual Compensation: $354.8K
Compensation as of Fiscal Year 2014.

Apple Hospitality REIT, Inc. Key Developments

Apple Hospitality REIT, Inc. Declares Regular Monthly Cash Distribution for the Month of September 2015, Payable on September 15, 2015

Apple Hospitality REIT, Inc. announced that its board of directors declared a regular monthly cash distribution of $0.10 per common share for the month of September 2015. The distribution is payable on September 15, 2015, to shareholders of record as of August 31, 2015. Based on the company's common stock closing price of $17.92 on August 19, 2015, the annualized distribution of $1.20 per common share represents an annual 6.7% yield.

Apple Hospitality REIT, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015 and Capital Expenditures Guidance for the Second Half of 2015

Apple Hospitality REIT, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced total revenue of $234,374,000 compared to $232,568,000 a year ago. Operating income was $52,164,000 compared to $51,683,000 a year ago. Income before income taxes was $44,667,000 compared to $44,350,000 a year ago. Net income was $44,245,000 or $0.24 per basic and diluted share compared to $43,799,000 or $0.23 per basic and diluted share a year ago. EBITDA was $83,161,000 compared to $82,773,000 a year ago. Adjusted EBITDA was $90,106,000 compared to $85,428,000 a year ago. Adjusted hotel EBITDA was $93,805,000 compared to $92,056,000 a year ago. Comparable hotel adjusted hotel EBITDA was $94,445,000 compared to $87,021,000 a year ago. Modified funds from operations were $82,229,000 or $0.44 per share compared to $77,314,000 or $0.41 per share a year ago. Funds from operations were $75,555,000 compared to $74,659,000 a year ago. For the six months, the company announced total revenue of $444,726,000 compared to $369,689,000 a year ago. Operating income was $88,451,000 compared to operating loss of $38,864,000 a year ago. Income before income taxes was $88,846,000 compared to loss before income taxes of $49,721,000 a year ago. Net income was $88,112,000 or $0.47 per basic and diluted share compared to net loss of $50,663,000 or $0.33 per basic and diluted share a year ago. EBITDA was $167,819,000 compared to $11,889,000 a year ago. Adjusted EBITDA was $161,209,000 compared to $134,081,000 a year ago. Adjusted hotel EBITDA was $170,455,000 compared to $143,228,000 a year ago. Comparable hotel adjusted hotel EBITDA was $170,697,000 compared to $153,202,000 a year ago. Modified funds from operations were $145,053,000 or $0.78 per share compared to $121,976,000 or $0.78 per share a year ago. Funds from operations were $136,305,000 compared to negative of $216,000 a year ago. The company invested approximately $20 million in capital expenditures during the first half of 2015. For the year 2015, the company expects adjusted EBITDA to be in the range from $310 million to $330 million. The company expected capital expenditures will be in the range of $30 million to $40 million for the second six months of the year 2015.

Apple Hospitality REIT, Inc. Announces August 2015 Distribution, Payable on August 17, 2015

Apple Hospitality REIT, Inc. announced that its Board of Directors declared a regular monthly cash distribution of $0.10 per common share for the month of August 2015. The distribution is payable on August 17, 2015, to shareholders of record as of July 31, 2015.

Similar Private Companies By Industry

Company Name Region
Lanier Capital REIT, Inc. United States
Oritani Asset Corporation United States
Core Cap Inc. United States
Specialty Trust Inc United States
Delphi Properties Inc United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 6, 2015
Courtyard by Marriott in Burbank
Merger/Acquisition
July 16, 2015
Hampton Inn Los Angeles-Orange County-Cypress
Merger/Acquisition
July 16, 2015
SpringHill Suites Los Angeles Burbank/Downtown
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Apple Hospitality REIT, Inc., please visit www.applehospitalityreit.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.