• Thu. Sep 28th, 2023

    Apple Hospitality Announces Monthly Cash Distribution

    BySharna Bass

    Sep 19, 2023
    Apple Hospitality Announces Monthly Cash Distribution

    Apple Hospitality REIT, Inc. (APLE) has declared a regular monthly cash distribution of $0.08 per common share, payable on October 16, 2023, to shareholders of record as of September 29, 2023. Based on the closing price of the company’s common stock on September 18, 2023, the distribution represents an annual yield of approximately 6%.

    Apple Hospitality REIT is a publicly traded real estate investment trust that owns and operates a large portfolio of upscale, rooms-focused hotels across the United States. Their portfolio consists of 220 hotels with over 28,900 guest rooms in 87 markets throughout 37 states. The company’s hotel portfolio includes well-known brands such as Marriott, Hilton, and Hyatt.

    In a statement, the company stated that forward-looking statements contained in the press release are subject to various risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by these statements. These risks and uncertainties include the ability of the company to effectively acquire and dispose of properties, changes in political and economic conditions, disruptions due to natural disasters or geopolitical uncertainty, and changes in laws and regulations.

    It is important to note that the forward-looking statements in the press release are based on the company’s current beliefs, assumptions, and expectations. The company does not undertake any obligation to update or revise these statements in the future, except as required by law.

    For more information about Apple Hospitality REIT and to receive press releases by email, please visit their website.

    – Business Wire (www.businesswire.com)