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Apple Hospitality REIT, Inc. (APLE) Q3 2024 Earnings Call Transcript Summary

Apple Hospitality REIT, Inc. (APLE) Q3 2024 Earnings Call Transcript Summary

Apple Hospitality REIt, Inc. (APLE) 2024年第三季度業績會議電話文字摘要
富途資訊 ·  01:45  · 電話會議

The following is a summary of the Apple Hospitality REIT, Inc. (APLE) Q3 2024 Earnings Call Transcript:

以下是Apple Hospitality房地產信託公司(APLE)2024年第3季度業績會實錄摘要:

Financial Performance:

財務表現:

  • Apple Hospitality REIT reported a stable quarter with a RevPAR growth of approximately 1%.

  • Adjusted EBITDAre for the quarter was $129 million and modified funds from operations were $107 million, marking increases of 6% and 3% respectively year-over-year.

  • Preliminary results for October show continued growth with RevPAR up approximately 4% compared to October 2023.

  • Comparable hotels total revenue was $378 million for the third quarter and $1.1 billion year-to-date, up about 2% over the same periods in 2023.

  • 蘋果酒店房地產信託報告穩定的季度,RevPAR增長約1%。

  • 該季度調整後的EBITDAre爲12900萬美元,調整後的經營現金流爲10700萬美元,同比分別增長6%和3%。

  • 10月份初步結果顯示,RevPAR較2023年10月增長約4%。

  • 可比酒店總收入爲37800萬美元,第三季度和截至今日的總收入爲11億美元,較2023年同期增長約2%。

Business Progress:

業務進展:

  • The company highlighted steady improvements in business travel as a primary growth driver, alongside strong leisure travel demand.

  • Recent strategic acquisitions and dispositions of assets were aimed at optimizing the portfolio, reducing debt, and acquiring new properties with stronger growth profiles and lower CapEx needs.

  • Approximately $48 million invested in capital expenditures with plans to spend between $75 million and $85 million throughout 2024 for renovations across 20 hotels.

  • Active share repurchases under the program, with about 2.4 million shares repurchased year-to-date.

  • 公司強調業務旅行的穩定改善作爲主要增長驅動力,同時休閒旅行需求持續強勁。

  • 最近的戰略收購和資產處置旨在優化投資組合、減少債務,並獲取具有更強增長潛力和較低資本支出需求的新物業。

  • 資本支出投入約4800萬美元,計劃在2024年全年花費在20家酒店的翻新項目上介於7500萬美元至8500萬美元之間。

  • 根據該計劃,截至目前已回購約240萬股股份。

Opportunities:

機會:

  • Limited supply growth in key markets is seen as a material improvement in risk profile and upside potential for lodging demand.

  • Strong operating performance and favorable supply-demand dynamics offer further growth opportunities.

  • 關鍵市場的供應增長有限被視爲住宿需求風險概況和上行潛力的實質性改善。

  • 強勁的運營業績和有利的供需動態爲進一步增長創造了機會。

Risks:

風險:

  • The transaction market remains challenging, although the company has adapted by focusing on smaller, rooms-focused properties for acquisitions and disposals at attractive cap rates.

  • 交易市場仍然具挑戰性,儘管公司已通過專注於更小型、以客房爲中心的物業進行收購和處置來適應,以獲取具有吸引力資本回報率的收購和處置。

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

提示:如需更全面的詳情,請參閱投資人關係網站。本文僅供投資者參考,不作任何指引或建議。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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