Kelly Clark
Host
Replay available
Apple Hospitality REIT, Inc. (NYSE: APLE) Q4 2025 earnings conference call, held 2026-02-24. Replay captured from the company's public earnings webcast.

Host
Chief Executive Officer
Chief Financial Officer
Analyst, Wells Fargo Securities
Analyst, KeyBank Capital Markets
Analyst, BMO Capital Markets
Analyst, Barclays Capital
Analyst, Robert W. Baird & Co.
Analyst, Cantor Fitzgerald
Analyst, Compass Point Research & Trading
Analyst, Green Street Advisors
Greetings and welcome to the Apple Hospitality REIT fourth quarter and full year 2025 earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to your host, Kelly Clark. Thank you. You may begin. Thank you, and good morning. Welcome to Apple Hospitality REIT's fourth quarter and full year 2025 earnings call. Today's call will be based on the earnings release in Form 10-K, which we distributed and filed yesterday afternoon. Before we begin, please note that today's call may include forward-looking statements as defined by federal securities laws. These forward-looking statements are based on current views and assumptions, and as a result, are subject to numerous risks uncertainties, and the outcome of future events that could cause actual results, performance, or achievements to materially differ from those expressed, projected, or implied. Any such forward-looking statements are qualified by the risk factors described in our filings with the SEC, including our 2025 annual report on Form 10-K, and speak only as of today. The company undertakes no obligation to publicly update or revise any forward-looking statements except as required by law. In addition, non-GAAP measures of performance will be discussed during this call. Reconciliations of those measures to GAAP measures and definitions of certain items referred to in our remarks are included in yesterday's earnings release and other filings with the SEC. For a copy of the earnings release or additional information about the company, plea...