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Dec 31, 2021
Apple Hospitality Q4 2021 Earnings Report
Apple Hospitality's Q4 2021 performance was marked by the strongest operating fundamentals since the pandemic's onset, with RevPAR reaching $88.43 and occupancy at 68%.
Key Takeaways
Apple Hospitality REIT, Inc. reported strong operating fundamentals for Q4 2021, achieving its strongest performance since the start of the pandemic. RevPAR was $88.43, occupancy was 68%, and ADR was $131.04. The Company reinstated monthly distributions with a March payment of $0.05 per share.
RevPAR for Q4 2021 was $88.43, a 94.5% increase year-over-year.
Occupancy for Q4 2021 was 67.5%, compared to 46.5% in Q4 2020.
ADR for Q4 2021 was $131.04, a 33.9% increase year-over-year.
Adjusted EBITDAre for the quarter was $73.4 million.
Forward Guidance
The Company has not issued 2022 operational guidance due to continued economic uncertainty caused by COVID-19, but provided outlook for certain corporate expenses.
Positive Outlook
- General and administrative expenses are projected to be approximately $32 million to $38 million.
- Interest expense is projected to be approximately $58 million to $63 million.
- Capital expenditures are projected to be approximately $55 million to $65 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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