Capt_Smith77
4年前
So I ran a few of the numbers, and as expected, I wasn't surprised.
The company paid 207K per room key for a Cape Canaveral Hampton, 209K per room key for a Home2 Suites in Cape Canaveral, 250K for a Hyatt House in Tempe Arizona, and 248K for a Hyatt Place, also in Tempe Arizona. That was THIS YEAR. You could literally bu a nice house for each room price they paid; ridiculous!
If that number doesn't sink in, they sold 11 properties last year for a total per room key of 94K, a much more appropriate figure which makes sense. These properties were all top brand names as well.
This company just doesn't know how to acquire properties that aren't overpriced, and it's no wonder that they struggled to please investors and hold a decent share price BEFORE the pandemic.
Capt_Smith77
4年前
As a REIT they're required to payout dividends when they're making money, which, at the moment they're in the hole.
I dug up their most recent filings, and the numbers are actually worse than I thought. The crazy part is that they continue to overpay for acquisitions, and they include these acquisitions in their filing and show how much they paid for them.
Room revenue wise they're down more than 50% YOY. I don't see them making any money for quite a while, IMO.
barnyarddog
5年前
https://applehospitalityreit.com/hotel-map/
APLE Company Overview
Apple Hospitality REIT, Inc. is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. The Company owns approximately 235 hotels with more than 30,000 guest rooms located in 87 markets throughout 34 states. The Company's portfolio comprises 108 Marriott-branded hotels, 125 Hilton-branded hotels and one Hyatt-branded hotel. The Company's hotels include various brands, such as Hilton Garden Inn, Courtyard, Homewood Suites, Residence Inn, SpringHill Suites, TownePlace Suites, Fairfield Inn, Home2 Suites, Marriott, Embassy Suites, Hilton and Renaissance. The Company's hotels are located in various states of the United States, such as Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Maryland, Michigan, Minnesota, Nebraska, New Jersey, North Carolina, Ohio, South Carolina, Texas, Utah and Virginia.
NYSE Real Time Quote Last Trade as of 6:30 PM ET 3/27/20
Open
9.00
Previous Close
9.57
52-Week Range
4.48 - 16.876
3/19/20 -11/5/19
Avg Volume (10 days)
6,724,940
Market Cap
2.0 B
Shares Outstanding
223.9 M
Beta
1.3
Capt_Smith77
6年前
Sorry for the late response. I believe that APLE will continue to have difficulty gaining any traction into the new year, with interest rates increasing, and a rocky market outlook. I don't have a crystal ball, so cannot predict share price, but I am willing to bet that the negative movement in the shareprice will far outweigh the benefit of a monthly divy.
I find their move into the Hyatt family interesting, given the timing of potential headwinds. Just looking at the press release I kind of think they paid too much for it.
Back when the entire Amerisuites brand was bought out by Hyatt, they paid around 4M or a little more for each property, with the intent to spend a couple million or so on each property for renovations. The price of 15.4M seems a bit steep, but maybe Apple knows what they're doing.
You'll notice that the hotel has 127 rooms, and that's because most if not all of the hotels within the Amerisuites brand had 128 originally. When they all renovated to become Hyatt Places, the kitchens had to be expanded by tearing into one of the first floor rooms. Hyatt Places hotels have limited first floor space, but make do with the space they have, offering a type of bakery cafe that includes some alcoholic offerings, and a separate guest kitchen where the guest can order made to order meals.
Hyatt Place, like the Courtyard Marriott, and Hilton Garden are very nice hotels. I like the fact that Apple has it's main focus on the upper middle market with these three chains, but wonder how well that plays out in a weaker economy. We might soon find out.
Capt_Smith77
6年前
Apple REIT (APLE) seems like a solid investment if someone is interested in a relatively safe divy, and it pays out each month which is a nice added incentive.
The problem that I have, is that when I ran the numbers a short while back, I figured that it would essentially take 18K investing in APLE at the time to get back $100 each month in the form of a dividend. Right now it would only take $16K for that same dividend amount.
For me at least, I'm able to put that 16K-18K to work each month by trading short term investments for a hell of a lot more than what the divy would offer, and without the risk of having it tied up with a dog of a stock that's done nothing but decline since it's IPO. While the risks of buying and selling short term exist, you're at least able to liquidate and mitigate losses easier as you don't have a divy to consider, or a company who will likely be negatively impacted by higher interest rates moving forward.
I can see APLE benefiting retirees more than anything, as long as they're well diversified.
Exjouster
10年前
First day, was sort of expecting this. This has been an illiquid security for quite some time, so I think a lot of people dumped just to get fast liquidity. Lot of weak hands got shook out, but it rebounded back to the opening price of 18.00.
Will be interesting to see what happens in weeks ahead.
By the way, this stock is planning on paying monthly dividends, just as they have been all along.
Personally, I've had this for years. There have been many, many attempts by McKenzie Capital to buy shareholders out at a 65-80% value, so I'm assuming that those who panicked and dumped were being gobbled up by them.
This was just a first day, with no news or PR released about it.
Wait and see! I'm long here myself!
Exjouster
10年前
Hi all, and welcome to the board!!
Sorry I don't have any slick graphics or anything like that up, but that's because I'm new to this and haven't been able to get stuff from the website to cut and paste!
Anyway, APLE is supposed to start trading on the NYSE as of Monday, 05/18/2015. This is according to the information provided by David Lerner Associates. The share price is supposed to open at $21.00. It is a well managed portfolio of high-end hotels, and has consistently paid shareholders 4.5% dividends and up in the past. Hoping this becomes a major runner!!
So, with all this, I suppose APLE would be considered an IPO?? Anyway, good luck to all you traders out there, and welcome to the APLE board!!
Exjouster
10年前
With the completion of the mergers of Apple REIT Seven, Inc. and Apple REIT Eight, Inc. into Apple Hospitality REIT, Inc. (formerly Apple REIT Nine, Inc.), which were effective March 1, 2014, the Company significantly increased its scale and diversity. The following highlights of the Company’s scale and diversity reflect the Apple REIT Seven and Apple REIT Eight properties as of March 1, 2014.
Operating statistics as of and for the year ended December 31, 2014 TOTAL ASSETS $3.8 billion TOTAL SHAREHOLDERS’ EQUITY $3.0 billion REVENUE $804 million NET INCOME $7 million DISTRIBUTIONS PAID PER SHARE $0.70 FUNDS FROM OPERATIONS (FFO) (A) $131 million MODIFIED FUNDS FROM OPERATIONS (MFFO) (A) $256 million PROFORMA REVPAR GROWTH FROM 2013 (assumes mergers completed 1/1/13) 7% TOTAL NUMBER OF PROPERTIES (B) 191 TOTAL NUMBER OF STATES in which properties are located (B) 33 TOTAL NUMBER OF ROOMS (B) 23,790 TOTAL NUMBER OF BRANDS (all Hilton® and Marriott®) 15
Exjouster
10年前
Apple Hospitality REIT, Inc. is a public real estate investment trust (REIT) focused on the acquisition and ownership of income-producing real estate that generates attractive returns for our shareholders. Our hotels operate under the Courtyard® by Marriott®, Fairfield Inn® by Marriott®, Fairfield Inn & Suites® by Marriott®, Marriott® Hotels & Resorts, Renaissance® Hotels, Residence Inn® by Marriott®, SpringHill Suites® by Marriott®, TownePlace Suites® by Marriott®, Embassy Suites Hotels®, Hampton Inn®, Hampton Inn & Suites®, Hilton®, Hilton Garden Inn®, Home2 Suites by Hilton® and Homewood Suites by Hilton® brands. The portfolio currently consists of 173 hotels with 22,003 guestrooms in 32 states.
Apple REIT Seven, Inc., Apple REIT Eight, Inc. and Apple Hospitality REIT (formerly Apple REIT Nine, Inc.) were formed by Glade M. Knight. Today, Mr. Knight serves as the Executive Chairman of Apple Hospitality REIT. Mr. Knight has been involved in the management of and investment in real estate ventures for more than 40 years. He also serves as the Chairman and CEO of Apple REIT Ten, Inc.
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Apple Hospitality REIT hotel portfolio.
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Exjouster
10年前
Welcome
Apple Hospitality REIT, Inc. is a public real estate investment trust (REIT) that owns one of the largest portfolios of upscale, select service hotels in the United States. The Company’s portfolio of 173 hotels, with 22,003 guestrooms, is diversified across the Hilton® and Marriott® families of brands with locations in urban, high-end suburban and developing markets across 32 states.