Apple Hospitality REIT Q1 2021 Overview

Apple Hospitality REIT Q1 2021 Overview

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4 days ago 60

Apple Hospitality REIT Q1 2021 Overview

@financepresentations4 days ago

J U N E 2 0 2 1 • N Y S E : A P L E
INVESTOR PRESENTATION
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COVER PHOTOS: HILTON GARDEN INN, MADISON, WI; SPRINGHILL SUITES, BURBANK, CA; HYATT HOUSE & HYATT P…
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C O M PA N Y P R O F I L E & P R O V E N I N V E S T M E N T S T R AT E G Y
Note: Hotel portfolio …
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VALUES
Hospitality – We are thoughtful in our interactions 
with others and know that strong, car…
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K E Y TA K E AWAY S
5
• FIRST QUARTER 2021 PERFORMANCE UPDATE
• Strongest operational results si…
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Q1 2021 MFFO/AFFO Per Share
$0.04 $0.01 
$(0.07)$(0.12)$(0.13)$(0.15)$(0.18)$(0.18)
$(0.36)$(0.4…
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P O RT F O L I O P O S I T I O N E D F O R O U T P E R F O R M A N C E
7
Airport 8%
Interstate 2…
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74% 61% 81% 28% 80% 49% 82% 54% 74% 45% 64% 40% 66% 45% 75% 55% 80% 66%
$136 $142 $139 $139
$131
…
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9
HAMPTON INN & SUITES, BOISE, ID
HAMPTON INN & SUITES, ATLANTA, GA
SPRINGHILL SUITES, BURBANK, …
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10 HAMPTON INN, FORT LAUDERDALE, FL
Source: Data provided by STR for hotels owned by the Company f…
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% O F H OT E L S BY O C C U PA N C Y T I E R
2%
3%
4%
4%
3%
4%
25%
4%
11%
14%
8%
3%
8%…
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A C H I E V E D C O S T S AV I N G S
12 HOMEWOOD SUITES, CAPE CANAVERAL, FL
-76%
-55% -54%
-48%…
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O P P O RT U N I T Y F O R LO N G - T E R M C O S T S AV I N G S
13 HOMEWOOD SUITES, CAPE CANAVERA…
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P R O V E N I N V E S T M E N T S T R AT E G Y
14
Concentrate on Upscale, rooms-focused hotels
•…
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W H Y B R A N D E D S E L E C T - S E R V I C E H OT E L S ? 
15
• Total revenue primarily derive…
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✓ Business
✓ Leisure
✓ Government
✓ Military
✓ Construction
✓ Disaster Recovery
✓ Health Care…
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I N D U S T R Y - L E A D I N G A S S E T M A N A G E M E N T
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• Analytical, data-driven asset …
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B R O A D G E O G R A P H I C D I V E R S I F I C AT I O N
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✓ Broad geographic diversification …
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Apple REIT Companies Transaction History
1999 – M a y 6 , 2 0 2 1
439
T O T A L H O T E L S A C …
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2 0 2 0 & 2 0 2 1 P O RT F O L I O A C T I V I T Y
Note: As of May 6, 2021. 
(1) These two hotels…
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W E L L - M A I N TA I N E D P O RT F O L I O
21
HAMPTON INN & SUITES, MEMPHIS, TN
SPRINGHILL SU…
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Property 
Debt
33%
Term Loan
57%
Revolver
10%
Debt Composition(1)
S T R O N G B A L A N C E…
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ENHANCED 
ABILITY TO EXIT 
WAIVER PERIOD
• Testing of the Minimum Fixed Charge Coverage Ratio an…
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A M E N D M E N T S TO U N S E C U R E D C R E D I T FA C I L I T I E S
24
Note: See further info…
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C O N S E R VAT I V E C A P I TA L S T R U C T U R E P O S I T I O N S A P L E 
F O R E X T E R N …
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S T R AT E G I C O B J E C T I V E S
26
• Build off of base occupancy 
with all hotels open
• C…
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ESG INITIATIVES
COURTYARD, CAROLINA BEACH, NC
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S U S TA I N A B I L I T Y I N I T I AT I V E S
Apple Hospitality is committed to enhancing and in…
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S O C I A L R E S P O N S I B I L I T Y
Apple Hospitality REIT has always been firmly committed to…
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Board of Directors with Effective Experience
Glade M. Knight – Executive Chairman
Founder, Apple …
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APPENDIX
COURTYARD, SANTA ANA, CA
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32
Y E A R - O V E R - Y E A R P E R F O R M A N C E
HAMPTON INN & SUITES, MEMPHIS, TN
Three Mon…
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33
Q U A RT E R LY P E R F O R M A N C E
HOMEWOOD SUITES, DALLAS, TX
($ in thousands except stat…
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34
R E C O N C I L I AT I O N O F N E T I N C O M E ( L O S S ) T O E B I T D A , E B I T D A r e …
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R E C O N C I L I AT I O N O F N E T LO S S 
TO F F O A N D M F F O
THE FOLLOWING TABLE RECON…
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D E F I N I T I O N S
36
HYATT PLACE, JACKSONVILLE, FL
Non-GAAP Financial Measures
The Company …
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D E F I N I T I O N S C O N T I N U E D
37
RESIDENCE INN, BURBANK, CA
FFO and MFFO
The Company …
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T R A D E M A R K I N F O R M AT I O N
“Courtyard by Marriott®,” “Fairfield by Marriott®,” “Fairfi…
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C O N TA C T I N F O R M AT I O N
814 East Main Street
Richmond, VA 23219
(804) 344-8121
info@a…
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