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Dec 31, 2020
Apple Hospitality Q4 2020 Earnings Report
Apple Hospitality Q4 2020 earnings report announced.
Key Takeaways
Apple Hospitality REIT reported a challenging fourth quarter due to the ongoing COVID-19 pandemic, with a net loss of $51.2 million. Despite the difficulties, all hotels remained open with enhanced safety measures, and the company focused on cost management and capturing available demand.
All hotels remained open with enhanced health and sanitation measures.
The company enhanced sales efforts by focusing on COVID-19-specific opportunities and strategically targeting available demand.
Property-level expenses were significantly reduced through cost elimination and efficiency initiatives.
The company achieved positive Adjusted Hotel EBITDA, although performance was impacted by seasonal travel trends.
Revenue by Segment
Forward Guidance
Due to uncertainties related to COVID-19, Apple Hospitality is not issuing 2021 operational guidance but provided expectations for certain corporate expenses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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