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Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) these days declared that its Board of Directors declared a quarterly cash distribution of $.01 per prevalent share for the initial quarter of 2021. The distribution is payable on April 15, 2021, to shareholders of file as of March 31, 2021.
About Apple Hospitality REIT, Inc.
Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded serious estate investment decision believe in (“REIT”) that owns a single of the biggest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality’s portfolio is composed of 233 accommodations with extra than 29,800 guest rooms situated in 88 marketplaces in the course of 35 states. Concentrated with market-primary manufacturers, the Company’s portfolio is composed of 104 Marriott-branded motels, 124 Hilton-branded accommodations, 3 Hyatt-branded motels and two impartial inns. For additional information and facts, remember to go to www.applehospitalityreit.com.
Forward-On the lookout Statements Disclaimer
This push release includes ahead-searching statements inside of the this means of Part 27A of the Securities Act of 1933, as amended, and Area 21E of the Securities Trade Act of 1934, as amended. Ahead-looking statements are usually discovered by use of statements that include phrases such as “may,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “target,” “goal,” “plan,” “should,” “will,” “predict,” “potential,” “outlook,” “strategy,” and comparable expressions that convey the uncertainty of upcoming functions or outcomes. These statements involve acknowledged and unfamiliar hazards, uncertainties, and other things which may perhaps trigger the genuine effects, functionality, or achievements of the Company to be materially distinct from upcoming effects, general performance or achievements expressed or implied by these types of ahead-wanting statements.
Presently, 1 of the most significant things that could bring about true results to vary materially from the Company’s forward-wanting statements carries on to be the adverse effect of the novel coronavirus COVID-19 pandemic (“COVID-19”), including resurgences and new variants, on the Company’s organization, money performance and condition, working outcomes and dollars flows, the actual estate sector and the hospitality market particularly, and the worldwide overall economy and economical markets normally. The importance, extent and duration of the ongoing impacts prompted by the COVID-19 outbreak on the Business will count on future developments, which are highly uncertain and are not able to be predicted with confidence at this time, such as the scope, severity and length of the pandemic, the extent and usefulness of the steps taken to contain the pandemic or mitigate its effects, the pace of the vaccine roll-out, the efficacy, acceptance and availability of vaccines, the length of involved immunity and efficacy of the vaccines in opposition to emerging variants of COVID-19, the possible for more resort closures/consolidations that may perhaps be mandated or advisable, irrespective of whether primarily based on greater COVID-19 cases, new variants or other elements, the slowing or rollback of “reopenings” in specific states, and the immediate and indirect financial results of the pandemic and containment steps, amongst other individuals. Furthermore, investors are cautioned to interpret a lot of of the risks identified beneath the portion titled “Risk Factors” in the Company’s Annual Report on Sort 10-K for the fiscal year finished December 31, 2020 as getting heightened as a outcome of the ongoing and various adverse impacts of COVID-19. These types of extra things contain, but are not limited to, the means of the Enterprise to effectively receive and dispose of attributes the potential of the Firm to productively integrate pending transactions and put into action its working approach changes in typical political, financial and competitive circumstances and specific marketplace circumstances decreased business enterprise and leisure journey due to travel-associated health problems, like the widespread outbreak of COVID-19 or an boost in COVID-19 instances or any other infectious or contagious conditions in the U.S. or overseas adverse modifications in the authentic estate and genuine estate capital markets funding dangers changes in curiosity fees litigation challenges regulatory proceedings or inquiries and changes in laws or regulations or interpretations of latest rules and rules that influence the Company’s business, belongings or classification as a REIT. Though the Business thinks that the assumptions fundamental the ahead-looking statements contained herein are acceptable, any of the assumptions could be inaccurate, and for that reason there can be no assurance that these kinds of statements provided in this press launch will confirm to be precise. In mild of the substantial uncertainties inherent in the ahead-on the lookout statements bundled herein, the inclusion of this sort of details ought to not be regarded as a representation by the Firm or any other individual that the results or conditions described in such statements or the aims and plans of the Company will be reached. In addition, the Company’s qualification as a REIT includes the software of extremely technological and sophisticated provisions of the Interior Income Code of 1986, as amended. Audience should really very carefully assessment the risk aspects explained in the Company’s filings with the Securities and Trade Commission, including but not confined to all those talked over in the portion titled “Risk Factors” in the Company’s Annual Report on Type 10-K for the fiscal calendar year ended December 31, 2020. Any ahead-looking statement that the Company can make speaks only as of the day of this press launch. The Enterprise undertakes no obligation to publicly update or revise any forward-hunting statements or cautionary elements, as a result of new info, potential activities, or otherwise, apart from as needed by regulation.
For added details or to receive push releases by electronic mail, take a look at www.applehospitalityreit.com.
See resource variation on businesswire.com: https://www.businesswire.com/information/residence/20210319005204/en/
Supply: Apple Hospitality REIT, Inc.
Apple Hospitality REIT, Inc.
Kelly Clarke, Vice President, Trader Relations
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