Latest news with #AppleHospitalityREIT
Yahoo
12-06-2025
- Business
- Yahoo
Apple Hospitality REIT buys Homewood Suites by Hilton Tampa-Brandon for $18.8M
Apple Hospitality REIT (APLE) announced the acquisition of the 126-room Homewood Suites by Hilton Tampa-Brandon for a total purchase price of $18.8M, or approximately $149,000 per key. Following the acquisition of the Homewood Suites Tampa-Brandon, the Apple Hospitality hotel portfolio includes 221 hotels with 29,893 guest rooms geographically diversified throughout 37 states and the District of Columbia. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on APLE: Disclaimer & DisclosureReport an Issue Cautious Outlook: Hold Rating for Apple Hospitality REIT Amid Uneven Demand and Performance Challenges Apple Hospitality downgraded to Market Perform from Outperform at BMO Capital Apple Hospitality REIT Releases Updated Investor Presentation Apple Hospitality REIT Extends Share Repurchase Program Apple Hospitality REIT Updates Investor Presentation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
12-06-2025
- Business
- Business Wire
Apple Hospitality REIT Announces Dates for Second Quarter 2025 Earnings Release and Conference Call
RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT, Inc. (NYSE: APLE) (the 'Company' or 'Apple Hospitality') today announced that it plans to report second quarter 2025 financial results after the market closes on Wednesday, August 6, 2025, and host a conference call for investors and interested parties at 10:00 a.m. Eastern Time on Thursday, August 7, 2025, to discuss the results. The conference call will be accessible by telephone and the internet. To access the call, participants from within the U.S. should dial 844-826-3035, and participants from outside the U.S. should dial 412-317-5195. Participants may also access the call via live webcast by visiting the Investor Information section of the Company's website at A replay of the call will be available from approximately 2:00 p.m. Eastern Time on August 7, 2025, through 11:59 p.m. Eastern Time on August 21, 2025. To access the replay, the domestic dial-in number is 844-512-2921, the international dial-in number is 412-317-6671, and the passcode is 10200511. In addition, an archive of the webcast will be available on the Company's website for a limited time. About Apple Hospitality REIT, Inc. Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust ('REIT') that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 221 hotels with approximately 29,900 guest rooms located in 85 markets throughout 37 states and the District of Columbia. Concentrated with industry-leading brands, the Company's hotel portfolio consists of 97 Marriott-branded hotels, 118 Hilton-branded hotels, five Hyatt-branded hotels and one independent hotel. For more information, please visit
Business Wire
12-06-2025
- Business
- Business Wire
Apple Hospitality REIT Acquires Homewood Suites by Hilton Tampa-Brandon
RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT, Inc. (NYSE: APLE) (the 'Company' or 'Apple Hospitality') today announced the acquisition of the 126-room Homewood Suites by Hilton Tampa-Brandon (the 'Hotel') for a total purchase price of $18.8 million, or approximately $149,000 per key. 'We are pleased to expand our portfolio with the acquisition of the Homewood Suites Tampa-Brandon, which is ideally located adjacent to our Embassy Suites in the same market,' said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. 'Our acquisition of this Hotel represents a unique opportunity to expand our ownership in a submarket that continues to perform well for us at a purchase price below replacement cost. The Hotel was offered for sale by the loan servicer, and the $18.8 million purchase price represents a 12% cap rate on trailing twelve-month results through April of this year and a high single-digit cap rate after all anticipated capital expenditures. We anticipate that additional upside from operational synergies and improved market positioning following our planned renovation will further enhance returns on our investment. Our execution of this transaction in the current environment illustrates the underlying strength of our platform and our ability to effectively and efficiently deploy capital to maximize total shareholder returns over the long term.' Located at 10240 Palm River Road, Tampa, Florida, the Hotel is just a short drive from downtown. Tampa, the third largest city in Florida, has seen robust economic growth in recent years and benefits from a wide variety of business and leisure demand generators that span conventions, sporting events, life sciences and health care, academics, manufacturing and logistics, insurance, financial and professional services, technology, and more. Numerous corporate offices have locations in Tampa, with Coca-Cola Beverages Florida, USAA, Optum, Progressive Insurance, Citi Tampa, JPMorganChase, Cirkul, Spectrum Business and Rooms To Go, among others, located near the Hotel. Leisure attractions and sports tourism drive significant travel to the area, and the Hotel is a short drive from the Florida State Fairgrounds, Busch Gardens Tampa Bay, The Florida Aquarium, ZooTampa at Lowry Park, the Tampa Riverwalk, Amalie Arena, Raymond James Stadium, George M. Steinbrenner Field and Tropicana Field. Additionally, the Hotel is convenient to HCA Florida Brandon Hospital, Tampa General Hospital's Brandon Healthplex, the recently renovated Tampa Convention Center, the University of South Florida and the University of Tampa. According to data provided by STR for the trailing twelve months ended April 30, 2025, revenue per available room ('RevPAR') for the Tampa East, FL submarket improved by approximately 15% year over year. As previously announced, the Company continues to have one additional hotel under contract for purchase, a Motto by Hilton that is under development in downtown Nashville, Tennessee, for an anticipated total purchase price of approximately $98.2 million with an expected 260 rooms, which the Company anticipates acquiring in late 2025 following completion of construction. The Company also continues to have one hotel under contract for sale, its 206-room Houston Marriott Energy Corridor for a gross sales price of approximately $16.0 million. The Company expects to complete the sale of the hotel in the third quarter 2025. There are many conditions to closing on the purchase and sale of these hotels that have not yet been satisfied, and there can be no assurance that closings will occur under the outstanding agreements. Following the acquisition of the Homewood Suites Tampa-Brandon, the Apple Hospitality hotel portfolio includes 221 hotels with 29,893 guest rooms geographically diversified throughout 37 states and the District of Columbia. About Apple Hospitality REIT, Inc. Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust ('REIT') that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 221 hotels with approximately 29,900 guest rooms located in 85 markets throughout 37 states and the District of Columbia. Concentrated with industry-leading brands, the Company's hotel portfolio consists of 97 Marriott-branded hotels, 118 Hilton-branded hotels, five Hyatt-branded hotels and one independent hotel. For more information, please visit Forward-Looking Statements Disclaimer This 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 'may,' 'believe,' 'expect,' 'anticipate,' 'intend,' 'estimate,' 'project,' 'target,' 'goal,' 'plan,' 'should,' 'will,' 'predict,' 'potential,' 'outlook,' 'strategy,' 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. Such 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 tariffs, inflation or a recessionary environment); reduced business and leisure travel due to geopolitical uncertainty, including terrorism and acts of war; travel-related health concerns, including widespread outbreaks of infectious or contagious diseases in the U.S.; inclement weather conditions, including natural disasters such as hurricanes, earthquakes and wildfires; government shutdowns, airline strikes or equipment failures or other disruptions; 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's 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's 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's filings with the Securities and Exchange Commission, including but not limited to those discussed in the section titled 'Risk Factors' in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. 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.
Business Wire
20-05-2025
- Business
- Business Wire
Apple Hospitality REIT Celebrates 10th Anniversary of NYSE Listing and 25 Years in the Lodging Industry by Ringing The Opening Bell
RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT, Inc. (NYSE: APLE) (the 'Company' or 'Apple Hospitality') today announced that the Company is celebrating 25 years in the lodging industry and the 10th anniversary of its listing on the New York Stock Exchange ('NYSE') by ringing The Opening Bell today at 9:30 a.m. Eastern Time. "This morning, as we commemorate 10 years since listing on the New York Stock Exchange, we are honored to celebrate by ringing The Opening Bell," said Justin Knight, Chief Executive Officer of Apple Hospitality. "As we reflect on this milestone, we are grateful for the hard work, dedication and perseverance of our team over both the last decade and our 25-year history in the hospitality industry. The merits of our differentiated strategy have been proven across economic cycles, and we are confident we will continue to build on our strong foundation and further enhance shareholder value in the years to come." About Apple Hospitality REIT, Inc. Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust ('REIT') that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 220 hotels with approximately 29,800 guest rooms located in 85 markets throughout 37 states and the District of Columbia. Concentrated with industry-leading brands, the Company's hotel portfolio consists of 97 Marriott-branded hotels, 117 Hilton-branded hotels, five Hyatt-branded hotels and one independent hotel. For more information, please visit
Forbes
26-04-2025
- Business
- Forbes
4 Stocks Below Book Value, Paying Dividends, Earnings Records
Below book value stocks When he wrote The Intelligent Investor and Security Analysis, Benjamin Graham provided details on his methods for selecting stocks. His student at Columbia's business school, Warren Buffett, created Berkshire Hathaway and applied what he'd learned from Professor Graham. A lot has changed since Graham and Buffett's best days, but the basics still apply. If an investor can purchase a stock at a price below its book value, that's basically good. Other factors enter into it, of course: is the company making money? Does it reward shareholders with dividends? Here are four stocks that may fit these classic value stock guidelines. Obviously, more research is required but it's a reasonable guess that this is a good start. Apple Hospitality REIT Apple Hospitality REIT daily price chart, 4 26 25. Like many real estate investment trusts right now, the price chart shows a bounce off the early April low. A basic downtrend remains in place as the stock trades below both down trending 50-day and 200-day moving averages. The relative strength indicator (RSI, below the price chart) has moved out of the 'oversold' range. Apple Hospitality trades with a price-earnings ratio of 13.41, far below the p/e of the S&P 500 now at 34.22. The REIT can be purchased at 87% of its book value. The market capitalization is $2.84 billion. The debt-to-equity ratio is .49. Apple Hospitality pays an 8.23% dividend. Fresh Del Monte Products Fresh Del Monte Produce daily price chart, 4 26 25. Thursday's closing price broke above the early December high, just barely but that counts. Note the difference between the strength of this stock and the general lack of strength of the major indexes, despite last week's bounce. Fresh Del Monte Produce trades above up trending 50-day and 200-day moving averages. Market cap is $1.65 billion. The stock is available for purchase at a 17% discount from book value. The price-earnings ratio is a low 11.63. The debt-to-equity ratio is .21. Earnings this year are up 11.57% and up over the past five years by 16.59%. The farm produce company recently paid a dividend of 3.05%. Permian Resources Permian Resources daily price chart, 4 26 25. The stock over the last two weeks bounced off the early April low. Now at $12.26, it has a long way to go to make it back to the November 2024 high of $16. The price remains below down trending 50-day and 200-day moving averages. Tariffs may be playing a role in the current drop. The oil and gas exploration and development company trades at 94% of book value with a price-earnings ratio of 8.59. Market cap is $9.92 billion. The debt-t0-equity ratio is .47. This year's earnings are down 1.42% and up over the past five years by 90.07%. Permian Resources offers investors a 4.89% dividend. X Financial ADR X Financial daily price chart, 4 26 25. You can see how this China-based credit services firm peaked in March at just above $17.50, sold off into the early April stock market lows and has since bounced. Note that it now trades above an up trending 50-day moving average and above the 200-day moving average. X Financial has a market cap of $452 million. The price-earnings ratio is 3.16 and the discount to book value is 31%. The debt-to-equity ratio is .05. Average daily volume of just 205,000 is relatively low for a New York Stock Exchange-listed stock. The company pays a 2.35% dividend. Stats courtesy of Charts courtesy of
