Apple Hospitality: Strong Cash Flows And De-Risked Balance Sheet At Single-Digit Multiple [Seeking Alpha]
Apple Hospitality REIT, Inc. Common Shares (APLE)
Last apple hospitality reit, inc. common shares earnings: 2/24 04:15 pm
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US:NYSE Investor Relations:
ir.applehospitalityreit.com
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Source: Seeking Alpha
Despite the recent run-up in the share price and strong recovery from the pandemic, APLE still trades at an attractive P/FFO multiple of 9.9x. In my opinion, the multiple is too low given the underlying fundamentals and growth prospects that could be fueled by fortress balance sheet and conservative FFO payout. I am now buying APLE to capture an attractive ~5.9% monthly dividend and potential price appreciation from portfolio reinvestments and M&A. Back in July 2023, I wrote an article on Apple Hospitality REIT, Inc. ( NYSE: APLE labeling this Stock as a buy given the momentum in the underlying earnings and a ~30% discount to other publicly traded hotel REITs. Since then, APLE has registered a total return performance of ~10.5%, which is roughly 700 basis points above the broader REIT market. About 70% of this performance has stemmed from price appreciation, thus implying that some multiple expansions have taken place. Now, just recently the Company issued its Q4 earnings d
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High impacting Apple Hospitality REIT, Inc. Common Shares news events
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APLE
News
- Apple Hospitality REIT Announces Monthly DistributionBusiness Wire
- Apple Hospitality REIT Acquires the AC Hotel by Marriott Washington DC Convention CenterBusiness Wire
- Capital Square Apartment REIT Adds David McKenney to Board of Directors [Yahoo! Finance]Yahoo! Finance
- Apple Hospitality REIT Announces Dates for First Quarter 2024 Earnings Release and Conference CallBusiness Wire
- Apple Hospitality REIT Announces Monthly Distribution and Date for 2024 Annual Meeting of Shareholders [Yahoo! Finance]Yahoo! Finance
APLE
Earnings
- 2/22/24 - In-Line
APLE
Sec Filings
- 4/26/24 - Form 8-K
- 4/9/24 - Form 8-K
- 4/9/24 - Form DEF
- APLE's page on the SEC website