Apple Hospitality REIT Inc (N:APLE)

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 814 E Main St
RICHMOND VA 23219-3306
Tel: 1-804-7276321
Website: https://applehospitalityreit.com
IR: See website
<
Key People
Glade M. Knight
Executive Chairman of the Board
Justin G. Knight
Chief Executive Officer, Director
Elizabeth S. Perkins
Chief Financial Officer, Senior Vice President
Nelson G. Knight
President - Real Estate and Investments
Karen C. Gallagher
Chief Operating Officer, Senior Vice President
Rachel S. Labrecque
Senior Vice President, Chief Accounting Officer
Jeanette A. Clarke
Senior Vice President, Chief Capital Investments Officer
Matthew P. Rash
Senior Vice President, Chief Legal Officer, Secretary
 
Business Overview
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.
Financial Overview
For the fiscal year ended 31 December 2023, Apple Hospitality REIT Inc revenues increased 9% to $1.34B. Net income increased 23% to $177.5M. Revenues reflect Rooms increase of 8% to $1.23B, Food and beverage increase of 24% to $57M, Other revenue increase of 15% to $60.7M. Net income benefited from Impairment of investment property decrease of 78% to $5.6M (expense), Interest capitalized increase of 15% to $1.5M (income).
Employees: 63 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $5,429M as of Dec 31, 2023
Annual revenue (TTM): $1,344M as of Dec 31, 2023
EBITDA (TTM): $436.37M as of Dec 31, 2023
Net annual income (TTM): $177.49M as of Dec 31, 2023
Free cash flow (TTM): $88.70M as of Dec 31, 2023
Net Debt Last Fiscal Year: $1,473M as of Dec 31, 2023
Shares outstanding: 241,525,568 as of Feb 12, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

Thank you for visiting InsiderTracking.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you wish to consider using a browser that blocks ads, please log in or subscribe.

Alternatively, if you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). If you are in private browsing mode and do not want to subscribe, please disable tracking protection while visiting our website.

Thank you for using Insider Tracking.