Apple Hospitality Reit, Inc. · NYSE:APLE
Apple Hospitality Reit — Q1 2014 Earnings Presentation
13 slides from Apple Hospitality Reit's earnings presentation, May 29, 2014
Slide 1: Apple Hospitality
Exhibit 99.1 APPLE HOSPITALITY
Slide 2: Slide 2
Slide 3: Dear Shareholder
Dear Shareholder Effective March 1, 2014, Apple REIT Seven, Inc. and Apple REIT Eight, Inc. successfully merged into Apple REIT Nine, Inc. At the completion of these transactions, Apple REIT Nine’s name was changed to Apple Hospitality REIT, Inc. and the Company became one of the largest hospitality
Slide 4: Improved capacity for opportunistic growth
improved capacity to take advantage of opportunistic growth; access to favorable cost of capital which could be used to provide greater financial flexibility across
Slide 5: Statements of Operations and Balance Sheet Highlights
STATEMENTS OF OPERATIONS (Unaudited) Three months Three months ended ended (In thousands except statistical data) March 31, 2014 March 31, 2013 REVENUES Room revenue $ 125,442 $ 84,273 Other revenue 11,794 8,130 Total revenue $ 137,236 $ 92,403 EXPENSES Direct operating expense $ 35,256 $ 23,697 Oth
Slide 6: Definitions of FFO and MFFO
(A) Funds (loss) from operations (FFO) is defined as net income (loss) (computed in accordance with generally accepted accounting principles – GAAP) excluding gains and losses from sales of depreciable property, plus depreciation and amortization of real estate assets. Modified Funds from Operations
Slide 7: Slide 7
Slide 8: Hotel photos
Sain from left to right: CO D, VIRGINIA BEACH, JRN, AL; COURTYARD, AUSTIN, TX = =
Slide 9: Slide 9
Slide 10: Market Diversity
Market Diversity ALABAMA MINNESOTA Auburn, Birmingham (2), Dothan (2), Huntsville (3), Rochester Montgomery (2), Montgomery/Prattville, Troy (2) MISSISSIPPI ALASKA Hattiesburg (2), Tupelo Anchorage MISSOURI ARIZONA Kansas City (2), St. Louis (2) Phoenix (2), Phoenix/Chandler (2), Tucson (3) NEBRASKA
Slide 11: Market Diversity (continued)
Manassas, Norfolk/Chesapeake, Richmond, MASSACHUSETTS Suffolk (2), Virginia Beach (2) Andover, Marlborough, Westford (2) WASHINGTON MICHIGAN Seattle, Seattle/Kirkland, Tukwila, Vancouver Detroit/Novi
Slide 12: Corporate Profile
CORPORATE PROFILEApple Hospitality REIT, Inc. is a 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®, F
Slide 13: Corporate Headquarters and Investor Information
looking statements are listed from time to time in the Company’s SEC reports, including, but not limited to in the section entitled “Item 1A. Risk Factors” in the 2013 Annual Report on Form 10-K filed by the Company with the SEC on March 11, 2014. The Company undertakes no obligation to publically u
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