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 |