Apple Hospitality REIT Inc Aktie News

RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT Announces Monthly Distribution and Date for 2024 Annual Meeting of Shareholders.

US stocks climbed higher in February with the DJIA adding 0.4% and the S&P closing in on the 5,000-point mark.

As witnessed by the travel restrictions not long ago, the hospitality real estate market remains highly dependent on various global factors, from market upturns and downturns to geopolitics and natural disasters. However, as worldwide travel and tourism is rebounding, the hospitality sector is on the uptake—with hotel real estate investment trusts (REITs) particularly performing well.

Over 200 U.S. REITs and homebuilders have reported fourth-quarter earnings results over the past six weeks, providing critical information on the state of the commercial and residential real estate industry. Beneath the "Rates Up, REITs Down" headwinds, REITs delivered a surprisingly solid earnings season, and certainly better than the downbeat prevailing narrative of "CRE distress" would sugge...

Hotel REITs experienced a significant drop in share value during the COVID-19 pandemic but have since recovered and outperformed the Vanguard Real Estate ETF. Consumer spending is shifting towards services like travel and leisure, which bodes well for Hotel REITs. Hotel REITs have posted the fourth-best total returns among REIT sectors in 2024, indicating their potential for future growth.

Apple Hospitality REIT, Inc. (APLE) Q4 2023 Earnings Call Transcript

RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT Reports Results of Operations for Fourth Quarter and Full Year 2023.

RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT Announces Monthly Distribution.