Apple Hospitality REIT (APLE) Proxy Filing summary

Executive summary

• Achieved strong operating fundamentals in 2024, including $1.4B in revenue and $214M net income, with steady business transient demand and strong leisure travel driving performance.

• Portfolio optimization included acquiring two hotels, selling six, and completing capital improvements, while maintaining attractive shareholder distributions and a strong balance sheet.

• Outperformed key industry indices over the 2022-2024 period, with a 13.4% total shareholder return versus negative returns for peer groups.

• Celebrating 10 years on the NYSE in 2025, with a disciplined approach to capital allocation and a focus on long-term shareholder value.

Voting matters and shareholder proposals

• Election of nine directors for one-year terms.

• Ratification of KPMG LLP as independent auditor for 2025.

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

• Approval of a new Employee Stock Purchase Plan (ESPP) for eligible employees.

Board of directors and corporate governance

• Board consists of nine directors, seven of whom are independent; three are female and one is ethnically/racially diverse.

• Board skills include finance, real estate, investment, strategy, ESG, and risk management.

• Annual director elections, lead independent director, and separation of Chairman and CEO roles.

• Share ownership guidelines require directors and executives to hold significant equity.

• Board committees: Audit, Compensation, Nominating and Corporate Governance, and Executive.