- Apple Hospitality REIT (APLE, Financial) declares a monthly dividend of $0.08 per share.
- The annualized distribution yield stands at approximately 8.3%.
- The company owns a portfolio of 220 hotels across 85 markets in the U.S.
Apple Hospitality REIT, Inc. (APLE) has announced a regular monthly cash distribution of $0.08 per common share, payable on May 15, 2025, to shareholders of record as of April 30, 2025. This announcement underscores the company’s commitment to providing consistent returns to its investors.
Based on the closing stock price of $11.52 as of April 16, 2025, the annualized distribution amounts to $0.96 per share, yielding approximately 8.3%. This yield is considered attractive in comparison to the market average and positions Apple Hospitality as a viable option for income-focused investors.
Apple Hospitality REIT boasts one of the largest upscale, rooms-focused hotel portfolios in the United States, consisting of 220 hotels with approximately 29,800 guest rooms. The company's properties are strategically dispersed across 85 markets in 37 states, including the District of Columbia. The portfolio is well-diversified among top brands, featuring 97 Marriott-branded hotels, 117 Hilton-branded hotels, 5 Hyatt-branded hotels, and one independent hotel.
The diverse geographic and brand portfolio helps the company mitigate economic risks and maintain stable revenue streams, while the focus on upscale, rooms-focused properties contributes to higher operating margins compared to full-service hotels. This announcement reflects a routine capital allocation strategy, highlighting Apple Hospitality's confidence in maintaining robust cash flows despite broader economic uncertainties.
