{"id":748626,"date":"2023-04-18T09:25:50","date_gmt":"2023-04-18T13:25:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/apple-hospitality-reit-announces-monthly-distribution-4\/"},"modified":"2023-04-18T09:25:50","modified_gmt":"2023-04-18T13:25:50","slug":"apple-hospitality-reit-announces-monthly-distribution-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/apple-hospitality-reit-announces-monthly-distribution-4\/","title":{"rendered":"Apple Hospitality REIT Announces Monthly Distribution"},"content":{"rendered":"

<\/p>\n

Apple Hospitality REIT Announces Monthly Distribution<\/b><\/p>\n

RICHMOND, Va.–(BUSINESS WIRE<\/a>)–
\nApple Hospitality REIT, Inc. (NYSE: APLE) (the \u201cCompany\u201d or \u201cApple Hospitality\u201d) today announced that its Board of Directors declared a regular monthly cash distribution of $0.08 per common share. The distribution is payable on May 15, 2023, to shareholders of record as of April 28, 2023.<\/p>\n

\nBased on the Company\u2019s common stock closing price of $16.01 on April 17, 2023, the annualized distribution of $0.96 per common share represents an annual yield of approximately 6.0%.<\/p>\n

About Apple Hospitality REIT, Inc.<\/span><\/b><\/p>\n

\nApple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (\u201cREIT\u201d) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality\u2019s portfolio consists of 220 hotels with approximately 29,000 guest rooms located in 87 markets throughout 37 states. Concentrated with industry-leading brands, the Company\u2019s portfolio consists of 96 Marriott-branded hotels, 119 Hilton-branded hotels, four Hyatt-branded hotels and one independent hotel. For more information, please visit www.applehospitalityreit.com<\/a>.<\/p>\n

Forward-Looking Statements Disclaimer<\/span><\/b><\/p>\n

\nThis 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. Forward-looking statements are typically identified by use of statements that include phrases such as \u201cmay,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201ctarget,\u201d \u201cgoal,\u201d \u201cplan,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201coutlook,\u201d \u201cstrategy,\u201d and similar expressions that convey the uncertainty of future events or outcomes. Such statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.<\/p>\n

\nCurrently, one of the most significant factors that could cause actual outcomes to differ materially from the Company\u2019s forward-looking statements continues to be the adverse effect of COVID-19, including resurgences and variants, on the Company\u2019s business, financial performance and condition, operating results and cash flows, the real estate market and the hospitality industry specifically, and the global economy and financial markets generally. 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 extent and effectiveness of the actions taken to mitigate its impact, the acceptance and availability of vaccines, the duration of associated immunity and efficacy of the vaccines against variants of COVID-19, the potential for hotel closures\/consolidations that may be mandated or advisable, whether based on increased COVID-19 cases, new variants or other factors, and the direct and indirect economic effects of the pandemic and containment measures, among others. Moreover, investors are cautioned to interpret many of the risks identified under the section titled \u201cRisk Factors\u201d in the Company\u2019s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 as being heightened as a result of the ongoing and numerous adverse impacts of COVID-19. 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 (including the potential effects of inflation or a recessionary environment); 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 Company\u2019s business, assets or classification as a REIT. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore there can be no assurance that such statements included in this press release will prove to be accurate. 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. In addition, the Company\u2019s qualification as a REIT involves the application of highly technical and complex provisions of the Internal Revenue Code of 1986, as amended. Readers should carefully review the risk factors described in the Company\u2019s filings with the Securities and Exchange Commission, including but not limited to those discussed in the section titled \u201cRisk Factors\u201d in the Company\u2019s Annual Report on Form 10-K for the fiscal year ended December 31, 2022. Any forward-looking statement that the Company makes speaks only as of the date of this press release. 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.<\/p>\n

For additional information or to receive press releases by email, visit <\/i>www.applehospitalityreit.com<\/i><\/a>.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230417005870\/en\/<\/a><\/span><\/p>\n

\nApple Hospitality REIT, Inc.
\n
Kelly Clarke, Vice President, Investor Relations
\n
804\u2010727\u20106321
\n
kclarke@applereit.com<\/a><\/p>\n

KEYWORDS:<\/b> Virginia United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> REIT Lodging Commercial Building & Real Estate Construction & Property Travel<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Apple Hospitality REIT Announces Monthly Distribution RICHMOND, Va.–(BUSINESS WIRE)– Apple Hospitality REIT, Inc. (NYSE: APLE) (the \u201cCompany\u201d or \u201cApple Hospitality\u201d) today announced that its Board of Directors declared a regular monthly cash distribution of $0.08 per common share. The distribution is payable on May 15, 2023, to shareholders of record as of April 28, 2023. Based on the Company\u2019s common stock closing price of $16.01 on April 17, 2023, the annualized distribution of $0.96 per common share represents an annual yield of approximately 6.0%. About Apple Hospitality REIT, Inc. Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (\u201cREIT\u201d) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the … <\/p>\n

Continue reading “Apple Hospitality REIT Announces Monthly Distribution”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-748626","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nApple Hospitality REIT Announces Monthly Distribution - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/apple-hospitality-reit-announces-monthly-distribution-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple Hospitality REIT Announces Monthly Distribution - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Apple Hospitality REIT Announces Monthly Distribution RICHMOND, Va.–(BUSINESS WIRE)– Apple Hospitality REIT, Inc. (NYSE: APLE) (the \u201cCompany\u201d or \u201cApple Hospitality\u201d) today announced that its Board of Directors declared a regular monthly cash distribution of $0.08 per common share. The distribution is payable on May 15, 2023, to shareholders of record as of April 28, 2023. Based on the Company\u2019s common stock closing price of $16.01 on April 17, 2023, the annualized distribution of $0.96 per common share represents an annual yield of approximately 6.0%. About Apple Hospitality REIT, Inc. Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (\u201cREIT\u201d) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the … Continue reading "Apple Hospitality REIT Announces Monthly Distribution"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/apple-hospitality-reit-announces-monthly-distribution-4\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-18T13:25:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230417005870r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/apple-hospitality-reit-announces-monthly-distribution-4\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/apple-hospitality-reit-announces-monthly-distribution-4\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Apple Hospitality REIT Announces Monthly Distribution\",\"datePublished\":\"2023-04-18T13:25:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/apple-hospitality-reit-announces-monthly-distribution-4\\\/\"},\"wordCount\":933,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/apple-hospitality-reit-announces-monthly-distribution-4\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230417005870r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/apple-hospitality-reit-announces-monthly-distribution-4\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/apple-hospitality-reit-announces-monthly-distribution-4\\\/\",\"name\":\"Apple Hospitality REIT Announces Monthly Distribution - 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