Trade Apple Hospitality REIT, Inc. - APLE CFD

Apple Hospitality REIT, Inc. Company profile

About Apple Hospitality REIT Inc

Apple Hospitality REIT, Inc. is a self-advised real estate investment trust (REIT) that invests in income-producing real estate, primarily in the lodging sector, in the United States. The Company owns and operates approximately 232 hotels with an aggregate of 29,753 rooms located in 35 states. Its hotels by brands include Hilton Garden Inn, Hampton, Courtyard, Residence Inn, Homewood Suites, SpringHill Suites, Fairfield, Home2 Suites, TownePlace Suites, Marriott, Embassy Suites, Hyatt Place, Independent, and Hyatt House. The Company's hotels are located in various states within the United States, including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington and Wisconsin.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Apple Hospitality REIT Inc revenues increased 55% to $933.9M. Net income totaled $18.8M vs. loss of $173.2M. Revenues reflect Rooms increase of 55% to $871.4M, Other revenue increase of 64% to $40.4M, Food and beverage increase of 32% to $22M. Net Income reflects Depreciation and amortization decrease of 8% to $184.5M (expense), Int exp on Financial Lease decrease of 17% to $9.4M (expense).

Equity composition

Common Stock $.01 Par, 03/11, 400M auth., 182,172,059 issd. 05/15, 1-for-2 Reverse stock split.

814 E Main St
RICHMOND
VIRGINIA 23219
US