Apple Hospitality REIT owns a variety of high-end hotels across the United States.
Apple Hospitality REIT was started in 2007, but its predecessors had been in the hospitality business for more than 20 years. The company is one of the biggest of its kind, and most of the places it owns have a lot of rooms.
The REIT is made up of 218 hotels with a total of almost 28,700 guest rooms. There are 86 markets with these kinds of accommodations in 36 different states. Many of the brands, like Marriott, Hilton, and Hyatt, are well-known and respected.
As Apple Hospitality looks for new places to invest in, it follows strict rules to make sure it works with the best brands and hospitality teams. The REIT also likes to put money back into its hotels to make sure that everyone makes more money.
- Advertisement -
The company’s finances have been strong for the last few quarters, with revenue and earnings per share always beating expectations. This means that the stock market looks good and is almost back to where it was before the pandemic.
The dividend yield for shareholders is 5.84%, and Apple Hospitality has already said that starting in November, this monthly payment will go up to about 6%. Even better, with a market capitalization of $3.77 billion, this hotel REIT has a strong base on which to stand.