Apple Hospitality REIT (APLE) Proxy filing summary

Executive summary

• Celebrated 25 years in lodging and 10 years on NYSE, emphasizing high-quality, low-debt hotels and strong governance.

• 2025 saw acquisition of two hotels, sale of seven, repurchase of nearly five million shares, and $88M in capital improvements.

• Maintained attractive shareholder distributions and one of the lowest leverage ratios in the hotel REIT sector.

• Outperformed key industry indices over the 2021–2025 period and consistently paid monthly cash distributions.

• Portfolio spans 217 hotels in 84 markets across 37 states, with a focus on rooms-focused, branded properties.

Voting matters and shareholder proposals

• Election of eight directors for one-year terms.

• Ratification of KPMG LLP as independent auditor for 2026.

• Advisory vote on executive compensation (say-on-pay).

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board consists of eight directors, six of whom are independent; 25% female, 13% ethnically diverse.

• Annual director elections with majority vote resignation policy.

• Lead Independent Director role established; separation of Chairman and CEO roles.

• Board committees: Audit, Compensation, Nominating & Corporate Governance—all chaired by independent directors.

• Annual board and committee self-evaluations and succession planning.

• Share ownership guidelines for directors and executives; anti-hedging and pledging policies in place.