Apple Hospitality REIT (APLE) Investor presentation summary

Company profile and investment strategy

• Owns 216 upscale, rooms-focused hotels across 16 brands and 83 markets in 37 states, with 29,459 guest rooms and an average effective age of 5 years.

• Maintains a strong, flexible balance sheet with 37% net total debt to total capitalization and 63% of debt effectively fixed.

• Focuses on rooms-focused hotels with industry-leading brands, broad geographic diversification, and strategic acquisitions and dispositions.

• Employs a data-driven, analytical asset management approach to maximize property-level results and optimize business mix.

• Maintains a well-diversified portfolio with low dependence on inbound international travel and exposure to business-friendly markets.

Financial performance and shareholder returns

• Generated $1.4 billion in revenue and paid $240.4 million in distributions in 2025, with a 7.1% annual yield and $0.96 per share dividend.

• Outperformed industry indices with +12.7 ppts TSR vs. Dow Jones U.S. Real Estate Hotels Index and +20.5 ppts vs. Nareit Lodging/Resorts Index (2021-2025).

• Q1 2026 saw comparable hotels RevPAR up 2.2%, same store hotels RevPAR up 2.8%, and adjusted hotel EBITDA up 4.2%.

• Maintains low leverage with a 3.4x net debt to EBITDA ratio and $559 million available on revolving credit facility.

• 207 hotels are unencumbered, supporting financial flexibility.

Portfolio management and growth

• Since 2020, acquired 24 hotels for $1.2 billion and sold 39 hotels for $399 million, optimizing portfolio age and CapEx needs.

• Recent acquisitions include properties in Anchorage, AK and Las Vegas, NV, with anticipated completions in 2027 and 2028.

• Strategic acquisitions target high RevPAR markets and accretive returns, while dispositions reduce exposure to lower-growth markets.

• Maintains a well-maintained, institutional-quality portfolio with consistent reinvestment and an average Tripadvisor rating of 4.3.

• 57% of hotels have no new supply under construction within a five-mile radius, limiting near-term supply risk.