You aren’t alone if you’re nervous about where markets are going. Though economic and stock news alike points toward renewed national financial and monetary strength, on-the-ground vibes seem to negate the apparent facts. And, though we can’t always pick stocks to buy now on a vibes-based investment thesis, it’s important to keep the overall uneasy consumer sentiment in mind even as the stock market hits new all-time highs.That’s why finding stocks to buy now isn’t easy – did you miss the boat on Nvidia (NA ...

Dragon Claws By reading the title of this article, I bet that for the majority of the audience, the first immediate thing that comes into their minds is either the concentration or low growth risks, which come along with having 50% of the exposure tilted towards equity REITs. The truth is that I fully agree that these risks are present and most probably by allocating into more growth biased stocks and diversifying more into the other equity segments, the overall risk-adjusted return profile for the port ...

While passive income should be a high priority in your overall investment strategy, acquiring quality names can be expensive, which brings us to low-cost dividend stocks. By moving away from the spotlight, you can find some attractive ideas.Of course, dividends are like anything. You can find some incredibly high-paying enterprises at the risk of sustainability threats. On the other hand, you can prioritize restful sleep but at the expense of robust yield.With low-cost dividend stocks, I’m trying to meet yo ...

Apple Hospitality REIT, Inc. (NYSE:APLE) Q1 2024 Earnings Conference Call May 7, 2024 10:00 AM ET Company Participants Kelly Clarke - Vice President, Investor Relations Justin Knight - Chief Executive Officer and Director Liz Perkins - Senior Vice President and Chief Financial Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Anthony Powell - Barclays Michael Bellisario - Baird Chris Darling - Green Street Operator Greetings, and welcome to the Apple Hospitality REIT First Qua ...

Apple Hospitality REIT (APLE) came out with quarterly funds from operations (FFO) of $0.34 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.34 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this hotel-owning real estate investment trust would post FFO of $0.31 per share when it actually produced FFO of $0.31, delivering no surprise.Over the last four quarters, the company has not been able to surpass consensus FFO ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Shares, no par value APLE New York Stock Exchange FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _______ TO _______ Commission File ...

Exhibit 99.1 Apple Hospitality REIT Reports Results of Operations for First Quarter 2024 RICHMOND, Va. (May 6, 2024) – Apple Hospitality REIT, Inc. (NYSE: APLE) (the "Company" or "Apple Hospitality") today announced results of operations for the first quarter ended March 31, 2024. Apple Hospitality REIT, Inc. Selected Statistical and Financial Data As of and For the Three Months Ended March 31 (Unaudited) (in thousands, except statistical and per share amounts) (1) Three Months Ended March 31, | --- | --- | ...

RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced that its Board of Directors declared a regular monthly cash distribution of $0.08 per common share. The distribution is payable on April 15, 2024, to shareholders of record as of March 28, 2024. Based on the Company’s common stock closing price of $16.18 on March 15, 2024, the annualized distribution of $0.96 per common share represents an annual yield of approximately 5.9%. In ...

As witnessed by the travel restrictions not long ago, the hospitality real estate market remains highly dependent on various global factors, from market upturns and downturns to geopolitics and natural disasters. However, as worldwide travel and tourism is rebounding, the hospitality sector is on the uptake—with hotel real estate investment trusts (REITs) particularly performing well.One hotel REIT player remains at the helm of the upward trend, benefiting from increased occupancy and room rates and, in tur ...

Financial Data and Key Metrics Changes - Comparable Hotels total revenue was $315 million for Q4 2023 and $1.4 billion for the full year, representing increases of 3% and 7% compared to the same periods in 2022 [19] - Comparable Hotels' RevPAR grew by 2% for Q4 and 7% for the full year, reaching $105 and $116 respectively [19] - Comparable Hotels' adjusted hotel EBITDA was $104 million for the quarter and $500 million for the year, down 2% and up 5% compared to the same periods of 2022 [23] Business Line Data and Key Metrics Changes - Comparable Hotels' ADR increased by nearly 3% for Q4 and 5% for the full year, reaching $151 and $157 respectively [19] - Comparable Hotels' occupancy was essentially flat for Q4 and up approximately 2% for the full year compared to 2022 [19][20] - Adjusted hotel EBITDA margin was 32.9% for Q4 and 36.4% for the full year, down 160 basis points and 90 basis points respectively compared to the same periods of 2022 [23] Market Data and Key Metrics Changes - January 2024 saw a Comparable Hotels' occupancy increase of just over 1% year-over-year, with ADR growing over 2% [8] - The company noted favorable travel trends with limited near-term supply growth, which is expected to support revenue growth [8] Company Strategy and Development Direction - The company plans to continue acquiring high-quality branded, rooms-focused hotels in urban and high-density suburban markets [14] - In 2023, the company acquired six hotels for approximately $290 million, enhancing its presence in business-friendly markets [11] - The company aims to maintain financial flexibility with low leverage while pursuing additional accretive opportunities [6][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the trajectory of the industry and the company's portfolio, citing strong leisure demand and improvements in business travel [18] - The company anticipates continued strength in demand with limited new supply, which is expected to positively impact overall performance [17] - For 2024, the company expects net income to be between $191 million and $217 million, with RevPAR growth projected between 2% and 4% [27] Other Important Information - The company sold approximately 12.8 million shares under its ATM program, receiving net proceeds of approximately $216 million, which were used to fund acquisitions [10][25] - The company invested approximately $77 million in capital expenditures over the past year and plans to spend between $75 million and $85 million in 2024 [17] Q&A Session Summary Question: Can you remind us of your math on equity issuance and targeted returns for acquisitions? - Management stated they are mindful of the spread and only issue equity when confident it will drive incremental value for shareholders [32] Question: What needs to happen to achieve the high end of RevPAR guidance? - Management indicated that continued recovery in business travel and stable leisure demand are necessary to reach the high end of guidance [37] Question: How much pricing power does the company have today? - Management confirmed that pricing power is closely tied to occupancy, with opportunities primarily in midweek business travel [40] Question: What is the impact of property tax and insurance increases? - Management acknowledged that they have assumed higher growth rates for property taxes and insurance in their guidance for 2024 [81] Question: What is the rationale for entering the Vegas market? - Management highlighted the unique demand for non-casino hotel rooms in Vegas and the potential for development on acquired land [74]