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Apple Hospitality REIT Inc (APLE.N)

APLE.N on New York Stock Exchange

9.61USD
7 Aug 2020
Change (% chg)

$0.46 (+5.03%)
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$9.15
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Volume
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Latest Key Developments (Source: Significant Developments)

Apple Hospitality REIT Posts Q2 EPS Of $0.35
Friday, 7 Aug 2020 

Aug 6 (Reuters) - Apple Hospitality REIT Inc ::APPLE HOSPITALITY REIT REPORTS RESULTS OF OPERATIONS FOR SECOND QUARTER 2020.APPLE HOSPITALITY REIT INC QTRLY LOSS PER SHARE 35 CENTS.APPLE HOSPITALITY REIT INC - DOES NOT EXPECT TO ISSUE GUIDANCE UNTIL OPERATING FUNDAMENTALS BEGIN TO STABILIZE.APPLE HOSPITALITY REIT INC QTRLY AVERAGE DAILY RATE DOWN 28.8%.APPLE HOSPITALITY REIT INC QTRLY REVPAR DOWN 75.3%.  Full Article

Apple Hospitality REIT Posts Results Of Operations For Q1
Tuesday, 19 May 2020 

May 18 (Reuters) - Apple Hospitality REIT Inc ::APPLE HOSPITALITY REIT REPORTS RESULTS OF OPERATIONS FOR FIRST QUARTER 2020.APPLE HOSPITALITY REIT INC - AS OF MAY 15, 2020, ALL OF COMPANY'S 233 HOTELS WERE OPEN AND RECEIVING RESERVATIONS.APPLE HOSPITALITY REIT - AVERAGE OCCUPANCY FOR COMPARABLE HOTELS DECLINED FROM ABOUT 76% IN FEB TO BELOW 20% BY END OF MARCH.APPLE HOSPITALITY REIT INC - QTRLY LOSS PER SHARE $0.01.APPLE HOSPITALITY REIT - QTRLY TOTAL REVENUE ABOUT $238 MILLION VERSUS $303.8 MILLION.APPLE HOSPITALITY REIT - EXECUTIVE CHAIRMAN TO FOREGO 6 MONTHS OF HIS SALARY, CEO TO REDUCE HIS TARGET COMPENSATION BY 60%.APPLE HOSPITALITY REIT INC - SUSPENDED ITS MONTHLY DISTRIBUTIONS, WITH LAST DISTRIBUTION BEING PAID MARCH 16, 2020.APPLE HOSPITALITY REIT INC - ANTICIPATES A REDUCTION OF CORPORATE EXPENSES BY A TOTAL OF APPROXIMATELY 25 PERCENT FOR YEAR.  Full Article

Apple Hospitality Says As Of March 20, Co Had $425 Mln Outstanding Under The Revolving Credit Facility - SEC Filing
Thursday, 26 Mar 2020 

March 25 (Reuters) - Apple Hospitality REIT Inc ::APPLE HOSPITALITY REIT - AS OF MARCH 20, CO HAD $425 MILLION OUTSTANDING UNDER THE REVOLVING CREDIT FACILITY - SEC FILING.APPLE HOSPITALITY REIT - $425 MILLION OUTSTANDING INCLUDES CO’S DRAW ON MARCH 19 OF $100 MILLION FROM REVOLVING CREDIT FACILITY.APPLE HOSPITALITY REIT - $425 MILLION OUTSTANDING ALSO INCLUDES CO’S DRAW ON MARCH 20 OF THE REMAINING $145 MILLION AVAILABLE UNDER THE REVOLVING CREDIT FACILITY.APPLE HOSPITALITY REIT - INCREASED BORROWINGS UNDER THE REVOLVING CREDIT FACILITY TO INCREASE CASH POSITION IN LIGHT OF CURRENT UNCERTAINTY RESULTING FROM COVID-19 VIRUS.APPLE HOSPITALITY REIT - BALANCE OF CASH AND CASH EQUIVALENTS ON ITS BALANCE SHEET AS OF MARCH 24 IS APPROXIMATELY $445 MILLION.  Full Article

Apple Hospitality REIT Takes Steps To Mitigate Impact Of COVID-19
Friday, 20 Mar 2020 

March 20 (Reuters) - Apple Hospitality REIT Inc ::APPLE HOSPITALITY REIT TAKES STEPS TO MITIGATE IMPACT OF COVID-19.APPLE HOSPITALITY REIT INC - COMPANY HAS POSTPONED ALL NON-ESSENTIAL CAPITAL IMPROVEMENT PROJECTS PLANNED FOR 2020.APPLE HOSPITALITY REIT INC - ANTICIPATES A REDUCTION OF APPROXIMATELY $50 MILLION IN PREVIOUSLY ANNOUNCED CAPITAL IMPROVEMENTS PROGRAM FOR YEAR.APPLE HOSPITALITY REIT INC - COMPANY HAS SUSPENDED ITS MONTHLY DISTRIBUTIONS, EFFECTIVE IMMEDIATELY.APPLE HOSPITALITY REIT INC - COMPANY HAS RECENTLY DRAWN ON ITS CREDIT FACILITY AND CURRENTLY HAS APPROXIMATELY $300 MILLION OF CASH ON HAND.APPLE HOSPITALITY REIT INC - COMPANY HAS NO SCHEDULED DEBT MATURITIES FOR REMAINDER OF YEAR.APPLE HOSPITALITY REIT INC - JUSTIN KNIGHT, CO'S PRESIDENT AND CHIEF EXECUTIVE OFFICER TO REDUCE HIS TARGET COMPENSATION BY 60%.APPLE HOSPITALITY REIT INC - NON-EMPLOYEE DIRECTORS OF BOARD, AS A GROUP TO REDUCE THEIR ANNUAL FEE BY MORE THAN 15%.  Full Article

Apple Hospitality REIT Provides Update On 2020 Outlook Due To Evolving Impact Of Covid-19
Friday, 13 Mar 2020 

March 13 (Reuters) - Apple Hospitality REIT Inc ::APPLE HOSPITALITY REIT PROVIDES UPDATE ON 2020 OUTLOOK DUE TO EVOLVING IMPACT OF COVID-19.APPLE HOSPITALITY REIT INC - WITHDRAWN ITS FULL YEAR 2020 OUTLOOK PROVIDED ON FEBRUARY 24, 2020.APPLE HOSPITALITY REIT - WITHDRAWN 2020 OUTLOOK DUE TO RECENT CANCELLATIONS AND CORPORATE TRAVEL POLICY RESTRICTIONS DUE TO CORONAVIRUS.APPLE HOSPITALITY REIT - CORONAVIRUS DEVELOPMENTS LED TO MATERIAL DECLINES IN ANTICIPATED REVENUE FOR MARCH 2020 AND INTO Q2.APPLE HOSPITALITY REIT - "WE ARE UNLIKELY TO ACHIEVE OUR FULL YEAR 2020 OUTLOOK".APPLE HOSPITALITY REIT INC - DO NOT EXPECT TO ISSUE NEW GUIDANCE UNTIL OPERATING FUNDAMENTALS BEGIN TO STABILIZE.  Full Article

Apple Hospitality REIT Posts Quarterly Net Income Per Share Of $0.11
Tuesday, 25 Feb 2020 

Feb 24 (Reuters) - Apple Hospitality REIT Inc ::APPLE HOSPITALITY REIT REPORTS RESULTS OF OPERATIONS FOR FOURTH QUARTER AND FULL YEAR 2019.QTRLY NET INCOME PER SHARE $0.11.QTRLY MFFO PER SHARE $0.32.  Full Article

Apple Hospitality REIT Announces Executive Leadership Transition
Friday, 6 Dec 2019 

Dec 6 (Reuters) - Apple Hospitality REIT Inc ::APPLE HOSPITALITY REIT ANNOUNCES EXECUTIVE LEADERSHIP TRANSITION.APPLE HOSPITALITY REIT INC - RACHAEL ROTHMAN, EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, HAS RESIGNED.APPLE HOSPITALITY REIT - APPOINTED BRYAN PEERY, COMPANY'S EXECUTIVE VICE PRESIDENT AND CHIEF ACCOUNTING OFFICER, TO FILL CFO POSITION.  Full Article

Apple Hospitality REIT Reports Q3 Earnings Per Share $0.21
Tuesday, 5 Nov 2019 

Nov 4 (Reuters) - Apple Hospitality REIT Inc ::APPLE HOSPITALITY REIT REPORTS RESULTS OF OPERATIONS FOR THIRD QUARTER 2019.APPLE HOSPITALITY REIT INC QUARTERLY EARNINGS PER SHARE $0.21.APPLE HOSPITALITY REIT INC QUARTERLY MODIFIED FFO PER SHARE $0.45.  Full Article

Apple Hospitality REIT Acquires Independent Boutique Hotel In Richmond, Virginia
Friday, 11 Oct 2019 

Oct 10 (Reuters) - Apple Hospitality REIT Inc ::APPLE HOSPITALITY REIT ACQUIRES INDEPENDENT BOUTIQUE HOTEL IN RICHMOND, VIRGINIA.APPLE HOSPITALITY REIT INC - PURCHASE PRICE OF APPROXIMATELY $7 MILLION.  Full Article

Apple Hospitality REIT Qtrly Earnings Per Share $0.17
Thursday, 9 May 2019 

May 8 (Reuters) - Apple Hospitality REIT Inc ::APPLE HOSPITALITY REIT REPORTS RESULTS OF OPERATIONS FOR FIRST QUARTER 2019.APPLE HOSPITALITY REIT INC - QTRLY EARNINGS PER SHARE $0.17.APPLE HOSPITALITY REIT INC - QTRLY MFFO PER SHARE $ 0.38.APPLE HOSPITALITY REIT INC - MAINTAINED ITS GUIDANCE FOR COMPARABLE HOTELS REVPAR CHANGE FOR 2019.APPLE HOSPITALITY REIT INC - INCREASED ITS GUIDANCE FOR COMPARABLE HOTELS ADJUSTED HOTEL EBITDA MARGIN % 80 BPS AT BOTH ENDS OF RANGE FOR 2019.APPLE HOSPITALITY REIT INC - INCREASED ITS GUIDANCE FOR ADJUSTED EBITDARE $9 MILLION AT BOTH ENDS OF RANGE FOR 2019.  Full Article