other material
confidence high
sentiment neutral
materiality 0.30
Apple Hospitality REIT renews $500M ATM program under new shelf registration
Apple Hospitality REIT, Inc.
- Company entered Amendment No. 1 to Equity Distribution Agreement on Feb. 25, 2025.
- May sell up to $500M of common shares at-the-market through twelve agents.
- Proceeds intended for general corporate purposes, including debt repayment and acquisitions.
- Agent commissions capped at 2.0% of gross proceeds from sales.
- New shelf registration statement filed as Form S-3ASR (No. 333-285184).