RICHMOND, Va.–(Company WIRE)–Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today declared that its Board of Directors declared a quarterly hard cash distribution of $.01 per prevalent share for the very first quarter of 2021. The distribution is payable on April 15, 2021, to shareholders of document as of March 31, 2021.
About Apple Hospitality REIT, Inc.
Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate financial commitment belief (“REIT”) that owns a single of the largest and most diverse portfolios of upscale, rooms-focused motels in the United States. Apple Hospitality’s portfolio consists of 233 resorts with additional than 29,800 visitor rooms found in 88 markets all over 35 states. Concentrated with sector-major makes, the Company’s portfolio is composed of 104 Marriott-branded resorts, 124 Hilton-branded resorts, a few Hyatt-branded lodges and two impartial lodges. For more details, you should check out www.applehospitalityreit.com.
Ahead-Hunting Statements Disclaimer
This press release incorporates forward-on the lookout statements in just the that means of Area 27A of the Securities Act of 1933, as amended, and Portion 21E of the Securities Exchange Act of 1934, as amended. Forward-hunting statements are commonly identified by use of statements that include things like phrases these types of as “may,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “target,” “goal,” “plan,” “should,” “will,” “predict,” “potential,” “outlook,” “strategy,” and comparable expressions that express the uncertainty of long run functions or results. Such statements include regarded and unidentified hazards, uncertainties, and other things which may possibly lead to the true benefits, functionality, or achievements of the Firm to be materially distinctive from upcoming outcomes, general performance or achievements expressed or implied by such ahead-searching statements.
Currently, one particular of the most substantial elements that could bring about actual outcomes to differ materially from the Company’s ahead-seeking statements continues to be the adverse impact of the novel coronavirus COVID-19 pandemic (“COVID-19”), together with resurgences and new variants, on the Company’s enterprise, economical overall performance and issue, operating success and money flows, the authentic estate market and the hospitality market particularly, and the worldwide economy and fiscal marketplaces frequently. The importance, extent and duration of the continued impacts caused by the COVID-19 outbreak on the Enterprise will depend on future developments, which are remarkably uncertain and are unable to be predicted with self-confidence at this time, together with the scope, severity and duration of the pandemic, the extent and success of the steps taken to consist of the pandemic or mitigate its influence, the speed of the vaccine roll-out, the efficacy, acceptance and availability of vaccines, the length of related immunity and efficacy of the vaccines in opposition to rising variants of COVID-19, the probable for more lodge closures/consolidations that may be mandated or advisable, regardless of whether dependent on greater COVID-19 instances, new variants or other variables, the slowing or rollback of “reopenings” in sure states, and the immediate and oblique financial outcomes of the pandemic and containment steps, among the others. Furthermore, investors are cautioned to interpret many of the challenges identified beneath the area titled “Risk Factors” in the Company’s Yearly Report on Form 10-K for the fiscal 12 months finished December 31, 2020 as becoming heightened as a consequence of the ongoing and numerous adverse impacts of COVID-19. These types of additional factors include things like, but are not minimal to, the capacity of the Business to proficiently purchase and dispose of properties the capability of the Business to productively combine pending transactions and put into action its running approach improvements in basic political, financial and competitive situations and distinct current market disorders reduced organization and leisure vacation thanks to journey-related well being issues, which include the popular outbreak of COVID-19 or an maximize in COVID-19 instances or any other infectious or contagious disorders in the U.S. or abroad adverse changes in the authentic estate and actual estate capital markets financing risks adjustments in interest prices litigation hazards regulatory proceedings or inquiries and alterations in legal guidelines or regulations or interpretations of current guidelines and polices that affect the Company’s business, belongings or classification as a REIT. Despite the fact that the Firm believes that the assumptions fundamental the ahead-hunting statements contained herein are realistic, any of the assumptions could be inaccurate, and for that reason there can be no assurance that these types of statements provided in this press release will establish to be exact. In mild of the considerable uncertainties inherent in the ahead-hunting statements provided herein, the inclusion of these facts should really not be regarded as a illustration by the Company or any other individual that the benefits or ailments explained in such statements or the goals and ideas of the Enterprise will be obtained. In addition, the Company’s qualification as a REIT will involve the software of hugely technical and elaborate provisions of the Interior Earnings Code of 1986, as amended. Audience should carefully evaluation the threat elements explained in the Company’s filings with the Securities and Exchange Commission, including but not restricted to those people talked over in the section titled “Risk Factors” in the Company’s Yearly Report on Kind 10-K for the fiscal year finished December 31, 2020. Any ahead-wanting assertion that the Enterprise would make speaks only as of the date of this push release. The Company undertakes no obligation to publicly update or revise any forward-on the lookout statements or cautionary elements, as a outcome of new info, long term occasions, or or else, other than as demanded by law.
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