who owns apple hospitality reit

The REIT Index has slightly outperformed APLE. The significance, extent and duration of the continued impacts caused by the COVID-19 pandemic on the Company will depend on future developments, which are highly uncertain and cannot be predicted with confidence at this time, including the scope, severity and duration of the pandemic, the extent and effectiveness of the actions taken to contain the pandemic or mitigate its impact, the efficacy, acceptance and availability of vaccines, the duration of associated immunity and efficacy of the vaccines against variants of COVID-19, the potential for additional hotel closures/consolidations that may be mandated or advisable, whether based on increased COVID-19 cases, new variants or other factors, the slowing or potential rollback of reopenings in certain states, and the direct and indirect economic effects of the pandemic and containment measures, among others. It owns hotels located in urban . Past performance is a poor indicator of future performance. The information on this site is not intended to be, nor does it constitute, investment advice or recommendations. Apple Hospitality REIT - APLE - Stock Price & News | The Motley Fool Change value during other periods is calculated as the difference between the last trade and the most recent settle. Proceeds from property sales go to payments for the revolving credit facilities borrowings, further acquisitions, and other general purposes. It just means that the past 5 years didnt matter in terms of the market price. David Lerner Associates - Wikipedia Its properties tend to be higher-end fare meant to provide a place to sleep, not a vacation experience like a resort. In addition, the Companys qualification as a REIT involves the application of highly technical and complex provisions of the Internal Revenue Code of 1986, as amended. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. APLE | Apple Hospitality REIT Inc. Company Profile & Executives - WSJ But together with its preceding companies from Apply Hospitality Two to Apple REIT Ten, Apple Hospitality REIT has been in the lodging industry for about 20 years already. For FY 2020, the Companys net real estate investments were approximately $4.7B. Apple Hospitality REIT owns their hotel room properties and leases them out to tenants. Victory Capital Management, Inc. (Investment Management), T. Rowe Price Associates, Inc. (Investment Management). Right now it is hard to suggest that investors should be jumping aboard Apple Hospitality stock. And by focusing on hotels meant primarily for sleeping, Apple Hospitality avoids the extra costs and complexity of dealing with resort-type assets. 1-202-739-9401 (fax). [8] The portfolio of Apple REIT Six consists of 66 hotels in 18 states and cashed out successfully for its investors. RICHMOND, Va.--(BUSINESS WIRE)-- The problem today is that no one knows how long this demand weakness will last. APLE - Apple Hospitality REIT, Inc. - Yahoo Finance But from time to time, they may assess whether selling some properties will bring more value to their investment portfolio. This is an important factor to consider when looking at Apple Hospitality, or any other hotel REIT, since the United . Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. This may signal that the smart money is gaining interest in this company as the 85.00% of shares outstanding that institutional investors hold is actually below the Real Estate Investment Trusts industry average. Source: Kantar Media, Apple Hospitality REIT, Inc., The Apple REIT Cos., Inc., Energy 11 LP, Energy 11 GP LLC, Energy Resources 12 LP, Southern Virginia University, President, Chief Executive Officer & Director, Ahla Foundation, Inc., Apple Hospitality REIT, Inc., Southern Virginia University, The Residence Inn Association, American Hotel & Lodging Association, Inc., Venture Richmond, The Valentine Museum. Also, hotel operations seem to come back stronger with a 70.7% occupancy rate. Who bought or sold Apple Hospitality Reit this quarter? The Motley Fool has no position in any of the stocks mentioned. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. (804) 344-8121, Apple Hospitality REIT Acquires Portfolio of Three Hotels. Nareitis the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. Courtyard by Marriott is one of Apple Hospitality REITs real estate investments (Source: Marriott). Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. The pillar scores are Audit: 2; Board: 5; Shareholder Rights: 2; Compensation: 3. Corporate Overview - Apple Hospitality REIT The Hampton Inn & Suites Portland Pearl District opened in September 2017 and is ideally located at 354 Northwest 9th Avenue, Portland, Oregon, in the vibrant Pearl District neighborhood near Washington Park, Forest Park and Portland State University and within walking distance to a variety of restaurants, art galleries, shops and outdoor spaces. Copyright FactSet Research Systems Inc. All rights reserved. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. These off-market transactions highlight the strength of our relationships with best-in-class hotel owner-operators and our ability to drive value in a highly competitive marketplace through attractive acquisitions, said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. It owns hotels located in urban, high-end suburban, and developing markets throughout states, which operates under Marriott, Hilton, or Hyatt brands. The $1.3 billion transaction value comprises approximately $94 million in cash and the issuance of approximately 49.1 million shares of Apple Hospitality stock to Apple REIT Ten shareholders. Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. [7], Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest portfolios of upscale, select service hotels in the United States. 8047276321 Additional factors include, but are not limited to, the ability of the Company to effectively acquire and dispose of properties and redeploy proceeds; the ability of the Company to fund capital obligations; the ability of the Company to successfully integrate pending transactions and implement its operating strategy; changes in general political, economic and competitive conditions and specific market conditions; reduced business and leisure travel due to travel-related health concerns, including the widespread outbreak of COVID-19 or an increase in COVID-19 cases or any other infectious or contagious diseases in the U.S. or abroad; adverse changes in the real estate and real estate capital markets; financing risks; changes in interest rates; litigation risks; regulatory proceedings or inquiries; and changes in laws or regulations or interpretations of current laws and regulations that impact the Companys business, assets or classification as a REIT. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. This makes Apple Hospitality one of the largest select service lodging REITs in the industry, with an enterprise value of approximately $5.7 billion and a total equity market capitalization of approximately $4.4 billion. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. REITs invest in the majority of real estate property types, including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers, infrastructure and hotels. In February occupancy was 76%, in March it fell to 41%, and in April it dropped to a disastrous 18%. An Investor's Perspective Into Apple Hospitality REIT All rights reserved. A Warner Bros. Apple Hospitality REIT Inc. Institutional investors purchased a net $512.9 thousand shares of APLE during the quarter ended June 2019. Developed in partnership with GeoPhy and updated annually, the ESG Dashboard identifies and tracks company reporting of ESG key performance indicators for the U.S. REIT industry. Market-beating stocks from our award-winning analyst team. Apple Hospitalitys portfolio consists of 179 hotels operating exclusively under the Hilton and Marriot brands, with locations in urban, high-end suburban and developing markets. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Apple Hospitality REIT, Inc. (NYSE: APLE) (the Company or Apple Hospitality) today announced the acquisition of a portfolio of three hotels for a total purchase price of $126 million. Nareits members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses. In no event shall stockzoa.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content available on stockzoa.com, or relating to the use of, or inability to use, stockzoa.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Own upscale hotels with the best lodging brands and work with outstanding hospitality management teams, Maximize disciplined capital allocation and maintain financial flexibility with low levels of debt. Their total revenue comes from the room, food, and beverage services. Apple Hospitalitys portfolio consists of 219 hotels with more than 28,700 guest rooms located in 86 markets throughout 36 states. Cancel anytime to end your subscription, and you won't be charged again. 1-202-739-9400 Afterward, Apple REIT Seven to Apple REIT Ten merged with Apple Hospitality REIT. Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. If you entered the market during the Companys IPO, youll have a capital loss of about negative 18% with its current price at $14.73. Apple Hospitality's portfolio consists of 220 hotels with approximately 29,000 guest rooms located in 87 markets throughout 37 states . subscribe to Premium to read more. APLE - Apple Hospitality REIT Inc Shareholders - CNNMoney.com 814 East Main Street Richmond Virginia 23219 United States. They don't own any foreign assets and they only focus on one sector. Any forward-looking statement that the Company makes speaks only as of the date of this press release. Maximizing long-term value for our shareholders continues to be our top priority, and we are actively exploring additional opportunities, like these, that optimize our portfolio in ways that will elevate our future performance.. Their business model favors efficient hotel operating models and strong consumer preferences. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the results or conditions described in such statements or the objectives and plans of the Company will be achieved. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. Overview Forecast Earnings Dividend Ownership Insider buying vs selling Have Apple Hospitality Reit Inc insiders been buying or selling? Note the disastrous impact that the coronavirus has had on the airline industry. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. The hotel industry has its seasonal variability with the 2nd and 3rd quarters having greater revenues compared to the 1st and 4th quarters. Future projections within the hotel industry are uncertain because everyone is still proactively fighting against the pandemic. The Company has real estate investments in the lodging or hospitality sector. The Company undertakes no obligation to publicly update or revise any forward-looking statements or cautionary factors, as a result of new information, future events, or otherwise, except as required by law. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Apple Hospitality REIT, Inc.s ISS Governance QualityScore as of June 1, 2023 is 2. Apple Hospitality would also assume approximately $239 million in debt from Apple REIT Ten. International stock quotes are delayed as per exchange requirements. Apple REIT Six was sold exclusively by the Lerner firm to investors from 2004 to 2006, with most shares at $11. Discounted offers are only available to new members. To even out and make consistent distributions, they may use a revolving credit facility. These real estate companies have to meet a number of requirements to qualify as REITs. Notably, the company has been working with lenders to adjust its debt covenants. Ashford Hospitality Trust: Substantial Debt, No Dividends Apple Hospitality REIT invests in strong brands within the hotel industry like Marriott, Hyatt, and Hilton. National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). Apple Hospitalitys portfolio consists of 218 hotels with approximately 28,700 guest rooms located in 86 markets throughout 36 states. Cost basis and return based on previous market day close. [3], In October 2012, David Lerner Associates agreed to settle with FINRA for $14 million without admitting or denying the charges. [12], In April 2013, U.S. District Judge Kiyo Matsumoto dismissed the class action lawsuit, ruling that investors had received sufficient disclosure to understand the risks of investing in its trusts. Their product offerings include municipal bonds, mutual funds, retirement planning, life insurance, and other services. You can visit their site to learn more about future projections. Data Source: Apple Hospitality REITs 10-K Report (2020). Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust ("REIT") that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Again, this is the right move, but it is a very troubling sign from an investment perspective. But always take note that these should be taken with a grain of salt. Please. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Kelly Clarke, Vice President, Investor Relations Performance Details 1 Year Return 5.68% 2 year return -0.85% 3 year return 14.99% 5 year return -0.89% 10 year return N/A Market Cap $3.3 B Dividend Yield 6.69% Dividend Amount $0.08 Ex-Dividend Date 2023-03-30 Specifically, they own 124 Hilton hotels, 103 Marriott hotels, 3 Hyatt hotels, and 2 independent hotels. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. The company was founded by Glade M. Knight on November 8, 2007 and is headquartered in Richmond, VA. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Buy Sell 1 of 6 APLE insiders have bought more. 814 East Main StreetRichmond, VA 23219-3306United States(804) 344-8121https://www.applehospitalityreit.com, Sector(s):Real EstateIndustry:REITHotel & MotelFull Time Employees:63. 814 East Main Street Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Their business model strategies include: The Company started publicly trading on May 18, 2015, on the New York Stock Exchange with the ticker symbol, NYSE: APLE. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. *Average returns of all recommendations since inception. Any forward-looking statement that the Company makes speaks only as of the date of this press release. 2022 Cable News Network. Apple Hospitality REIT, a Virginia corporation founded in 2007, invests in high-quality and strong brands of room-focused hotels across the U.S. markets, such as Marriott, Hilton, and Hyatt. Apple Hospitality REIT (APLE) Q2 2022 Earnings Call Transcript, Apple Hospitality REIT (APLE) Q1 2022 Earnings Call Transcript, Apple Hospitality REIT (APLE) Q4 2021 Earnings Call Transcript, Apple Hospitality REIT (APLE) Q3 2021 Earnings Call Transcript, Apple Hospitality REIT (APLE) Q2 2021 Earnings Call Transcript, Cumulative Growth of a $10,000 Investment in Stock Advisor, Join Over Half a 1 Million Premium Members And Get More In-Depth Stock Guidance and Research, diversification is good for your portfolio, impact that the coronavirus has had on the airline industry, Copyright, Trademark and Patent Information. Most stock quote data provided by BATS. [citation needed] Together, suburban and urban hotels make up 79% of the Companys portfolio. Forward-looking statements are typically identified by use of statements that include phrases such as may, believe, expect, anticipate, intend, estimate, project, target, goal, plan, should, will, predict, potential, outlook, strategy, and similar expressions that convey the uncertainty of future events or outcomes. The last monthly distribution was made on March 16, 2020. Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust ( REIT ) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in . That's not because it is a bad company -- in fact, the core business model is fairly attractive as far as hotels go. All rights reserved. As of June 30, 2021, the Company has an outstanding mortgage debt of approximately $450.7M with a total of 28 properties in collateral. It would operate in 33 states, with an enterprise value of approximately $5.7 billion and a total equity market capitalization of approximately $4.4 billion. When the economy picked up again, so would occupancy and financial results. Kelly Clarke, Vice President, Investor Relations Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust ( REIT) that owns one of the largest portfolios of upscale, select service hotels in the United States. In FY 2019, 96% of their investment portfolio is enrolled in the U.S. EPAs Energy STAR program. The Company undertakes no obligation to publicly update or revise any forward-looking statements or cautionary factors, as a result of new information, future events, or otherwise, except as required by law. Lodging/resorts REITs own nearly 1,900 properties in the United States, facilitating the expansion of commerce and making leisure travel possible. The Company highly capitalizes on the strong reservation systems, loyalty programs, award-winning customer service, innovative design, and modern amenities. They hire 17 third-party, unaffiliated property managers to operate its hotels to maintain its REIT status. . Apple Hospitality REIT Announces Distribution for First Quarter of 2021 The Company's portfolio consists of 236 hotels, with more than 30,000 guest rooms. As COVID-19 spread it quickly started to drop off, as you would expect based on the hotel model. Hotel operating costs, on the other hand, come from administrative/management costs, sales, marketing, utilities, repairs, maintenance, and franchise fees. Forward-looking statements are typically identified by use of statements that include phrases such as may, believe, expect, anticipate, intend, estimate, project, target, goal, plan, should, will, predict, potential, outlook, strategy, and similar expressions that convey the uncertainty of future events or outcomes. Apple Hospitality REIT, Inc. is a REIT that owns one of the largest portfolios of upscale, select service hotels in the U.S. Hard-hit Lodging and Resorts REITs Rebound Post-Pandemic, Apple Hospitality REIT Sees Individuals Prioritizing Experiences as Business Travel Ramps Up. United States. Top stakeholders of APLE according to 13F filings - stockzoa Who owns Apple Hospitality Reit? But compared to its peers, how did Apple Hospitality REIT perform? Apple Hospitality's portfolio consists of 220 hotels with approximately 29,000 guest rooms located in 87 markets throughout 37 . You have to also run the numbers and see how the company managed its investments through the ups and downs of the business cycle. The new entity would create one of the largest select service lodging REITs in the industry, according to Apple Hospitality. 1-800-3-NAREIT Artificial Intelligence Likely to Add New Layer of Demand for Data Center Industry, FTSE Nareit U.S. Real Estate Index Q2 in Review. It owns hotels located in urban . [1] The first office was established in Jericho, New York. In addition, the Companys qualification as a REIT involves the application of highly technical and complex provisions of the Internal Revenue Code of 1986, as amended. However, some sites like Seeking Alpha provide forecasts. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Returns as of 07/01/2023. For 60 years, Nareit has led the U.S. REIT industry by ensuring its members best interests are promoted by providing unparalleled advocacy, investor outreach, continuing education and networking. The Motley Fool has a disclosure policy. The problem is that hotels have a lease length of one day, and all it takes to cancel a future hotel stay, with minimal to no financial impact to the customer, is a phone call. Discovery Company. Recent data from June 30, 2021, update the amount to $4.4B. To create a fair comparison, a basic assumption was made with an initial investment of $100. All rights reserved. [14], In May 2011, the Financial Industry Regulatory Authority (FINRA) filed a class action lawsuit against David Lerner Associates, charging the firm with misleading investors by marketing unsuitable products to them and conducting insufficient due diligence on the company that managed its real estate funds. Invest better with The Motley Fool. READ MORE Disclaimer. The Company's portfolio consists of 236 hotels, with more than 30,000 guest rooms. Source: FactSet. The REITs price drastically dropped in the first quarter of 2020 because of the COVID-19 pandemic. The Company makes use of its connections to gain vendor contracts and to expand franchising networks. We are pleased to have the opportunity to acquire this highly complementary portfolio of leading Hilton- and Marriott-branded select service hotels, while preserving our conservative capital structure, said Justin Knight, president and CEO of Apple Hospitality and the son of Glade Knight. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Reuben Gregg Brewer has no position in any of the stocks mentioned. Additional factors include, but are not limited to, the ability of the Company to effectively acquire and dispose of properties and redeploy proceeds; the anticipated timing and frequency of shareholder distributions; the ability of the Company to fund capital obligations; the ability of the Company to successfully integrate pending transactions and implement its operating strategy; changes in general political, economic and competitive conditions and specific market conditions; reduced business and leisure travel due to travel-related health concerns, including the COVID-19 pandemic or an increase in COVID-19 cases or any other infectious or contagious diseases in the U.S. or abroad; adverse changes in the real estate and real estate capital markets; financing risks; changes in interest rates; litigation risks; regulatory proceedings or inquiries; and changes in laws or regulations or interpretations of current laws and regulations that impact the Companys business, assets or classification as a REIT. A portfolio filled with fresh properties helps ensure that its facilities are attractive to its lessees, brands, and the end customer. In FY 2020, total revenue dropped to almost 50%, net loss was incurred, and FFO, RevPAR, and Occupancy hit an all-time low for the past 4 years. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Source: Investor Presentation (August 2021). Analyze quarterly positions in Apple Hospitality Reit with up to 7 years of data, all consolidated into one spreadsheet. The distribution is payable on October 17, 2022, to shareholders of record as of October 4, 2022. Understandably, negative financials were uncommon. Since March 2020, the Company has suspended its monthly distributions. If travel doesn't pick up, Apple Hospitality is unlikely to see its business return to normal anytime soon. Calculated by Time-Weighted Return since 2002. The effective interest rates range between 3.40% to 4.97% and the maturity dates are from September 2022 to May 2038. This downturn is different, because it has been driven by the global spread of COVID-19. They started publicly trading on May 18, 2015, on the New York Stock Exchange with the ticker symbol. The company has a substantial debt burden of approximately $3.8 billion, with $590 million due by the end of 2024 and an additional $2.6 billion due in 2025.
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