APLE 📈 Apple Hospitality REIT - Overview

Apple Hospitality REIT, Inc. is a self-advised real estate investment trust that has been in operation since its formation in November 2007 as a Virginia corporation. The company's primary focus is on investing in income-generating real estate, with a particular emphasis on the lodging sector within the United States. This strategic focus allows the company to capitalize on the demand for hospitality services across the country, leveraging its expertise to drive returns on investment. With its fiscal year ending on December 31, the company maintains a straightforward operational structure, comprising only one reportable segment, which simplifies its financial reporting and analysis.

The company's portfolio is substantial, consisting of 224 hotels as of March 31, 2024, with a total of 29,886 guest rooms spread across 37 states and the District of Columbia. This diverse geographic footprint enables Apple Hospitality REIT, Inc. to cater to a wide range of travelers, from business professionals to leisure travelers, thereby reducing dependence on any single market. The company's interests also extend to potential variable interest entities through purchase commitments, although it does not consolidate these entities due to its lack of decision-making power within them. This approach reflects the company's disciplined investment strategy, focusing on assets that can be directly managed or influenced.

As a publicly traded company, Apple Hospitality REIT, Inc.'s common shares are listed on the New York Stock Exchange (NYSE) under the ticker symbol 'APLE', providing investors with liquidity and transparency. The company's web presence, including its website at https://www.applehospitalityreit.com, offers detailed information on its operations, financial performance, and corporate governance. With an ISIN of US03784Y2000 and classified under the GICS Sub Industry of Hotel & Resort REITs, Apple Hospitality REIT, Inc. is clearly positioned within the real estate investment trust sector, specializing in hospitality assets. This classification and listing status underscore the company's commitment to operating as a transparent and accountable entity, appealing to investors seeking exposure to the U.S. lodging market.