Apple Hospitality REIT has announced that its Board of Directors declared a regular monthly cash distribution of $0.08 per common share. The distribution is payable on June 17, 2024, to shareholders of record as of May 31, 2024.
Based on the Company’s common stock closing price of $14.61 on May 17, 2024, the annualized distribution of $0.96 per common share represents an annual yield of approximately 6.6 percent.
Apple Hospitality REIT (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 224 hotels with approximately 29,900 guest rooms located in 87 markets throughout 37 states and the District of Columbia. Concentrated with industry-leading brands, the Company’s hotel portfolio consists of 101 Marriott-branded hotels, 118 Hilton-branded hotels and five Hyatt-branded hotels.
