secwatch.observer — SEC 8-K summary
======================================

Issuer:     Apple Hospitality REIT, Inc. (APLE)
CIK:        0001418121
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0000950170-24-053568
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Apple Hospitality Q1 net income rises 64% to $54M; hotel margins slip 160 bps
-----------------------------------------------------------------------------

- Net income $54.1M ($0.22/share) vs $32.9M ($0.14) in Q1 2023, up 64%.
- Comparable Hotels Adjusted Hotel EBITDA margin 33.7%, down 160 bps from 35.3%.
- Comparable RevPAR flat at $111.09 vs $111.14; ADR and occupancy unchanged.
- MFFO per share $0.34, same as Q1 2023; distributions paid $0.29/share, down 9.4%.
- Total debt $1.51B, 27.4% of total capitalization; cash $4.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1418121/000095017024053568/0000950170-24-053568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1418121/000095017024053568/aple-20240506.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-053568

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer