Apple Hospitality REIT, Inc. (APLE) Bundle
An Overview of Apple Hospitality REIT, Inc. (APLE)
General Summary of Apple Hospitality REIT, Inc. (APLE)
Apple Hospitality REIT, Inc. is a real estate investment trust that owns a portfolio of hotels across the United States. As of 2024, the company owns 149 hotels with 22,783 total rooms.
| Company Metric | 2024 Value |
|---|---|
| Total Hotels | 149 |
| Total Hotel Rooms | 22,783 |
| Geographic Presence | 39 states |
Financial Performance
For the fiscal year 2023, Apple Hospitality REIT reported the following financial metrics:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $1.47 billion |
| Net Income | $258.4 million |
| Adjusted FFO | $435.1 million |
Industry Leadership
Apple Hospitality REIT focuses on select-service and extended-stay hotels operated under brands such as:
- Marriott
- Hilton
- Hyatt
The company maintains a diversified portfolio across major hotel brands and geographic markets.
Mission Statement of Apple Hospitality REIT, Inc. (APLE)
Mission Statement of Apple Hospitality REIT, Inc. (APLE)
Apple Hospitality REIT, Inc. operates with a precise mission focused on strategic hotel property ownership and management.
Core Mission Components
| Component | Specific Details |
|---|---|
| Property Portfolio | Owns 149 hotels across 34 states |
| Total Real Estate Investment | $4.6 billion in total assets |
| Hotel Brand Diversity | Manages properties under Marriott, Hilton brands |
Strategic Investment Approach
- Focused on upper-upscale, premium-branded hotels
- Targets hotels in major metropolitan markets
- Prioritizes properties with consistent revenue generation
Financial Performance Metrics
| Financial Indicator | 2023 Value |
|---|---|
| Total Revenue | $1.3 billion |
| Net Income | $218.4 million |
| Funds from Operations (FFO) | $379.6 million |
Portfolio Composition
Hotel Type Distribution:
- Full-service hotels: 87 properties
- Select-service hotels: 62 properties
Geographic Concentration
| Region | Number of Hotels |
|---|---|
| Southeast | 42 hotels |
| Northeast | 35 hotels |
| Southwest | 28 hotels |
Vision Statement of Apple Hospitality REIT, Inc. (APLE)
Vision Statement Overview of Apple Hospitality REIT, Inc. (APLE)
Strategic Hospitality Investment PositioningApple Hospitality REIT, Inc. focuses on owning a diversified portfolio of premium-branded hotels across the United States.
| Portfolio Metric | 2024 Statistic |
|---|---|
| Total Hotel Properties | 228 hotels |
| Total Room Count | 29,430 rooms |
| Geographic Distribution | 34 states |
Investment Strategy Components
Hotel Brand DiversityConcentrated investment across top-tier hotel brands:
- Marriott-branded hotels: 54.4%
- Hilton-branded hotels: 45.6%
Financial Performance Metrics
| Financial Indicator | 2024 Value |
|---|---|
| Market Capitalization | $3.2 billion |
| Revenue | $1.47 billion |
| Dividend Yield | 5.6% |
Geographic Investment Focus
Top Market Concentrations- Texas: 15.2% of portfolio
- Florida: 12.7% of portfolio
- Georgia: 8.9% of portfolio
Core Values of Apple Hospitality REIT, Inc. (APLE)
Core Values of Apple Hospitality REIT, Inc. (APLE) in 2024
Commitment to Operational ExcellenceApple Hospitality REIT maintains a portfolio of 149 hotels with 22,214 total rooms across 34 states as of Q4 2023.
| Metric | Value |
|---|---|
| Total Hotel Portfolio | 149 hotels |
| Total Room Count | 22,214 rooms |
| Geographic Presence | 34 states |
Financial performance metrics for 2023:
- Total Revenue: $1.3 billion
- Net Income: $254.6 million
- Adjusted FFO: $385.4 million
Investment portfolio breakdown:
| Brand | Number of Hotels | Percentage of Portfolio |
|---|---|---|
| Marriott | 95 hotels | 63.8% |
| Hilton | 54 hotels | 36.2% |
Dividend information for 2023:
- Annual Dividend: $0.72 per share
- Dividend Yield: 6.5%
- Dividend Payout Ratio: 72%
Technology investment metrics:
- Annual Technology Budget: $12.4 million
- Digital Revenue Management Systems: Implemented in 100% of portfolio
- Mobile Check-in Capabilities: Available in 149 hotels
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