Apple Hospitality REIT Inc (APLE) 2013年年度报告「NYSE」.pdf

1、2 APPLE HOSPITALITY REIT2013 ANNUAL REPORTANNUAL REPORT 2013 1TOTAL REVENUE$387,991$365,586NET INCOME$115,222$75,476FUNDS FROM OPERATIONS(FFO)(B)$136,743$128,224MODIFIED FUNDS FROM OPERATIONS(MFFO)(B)$135,652$131,620DISTRIBUTIONS PAID PER SHARE(C)$0.83$1.60WEIGHTED-AVERAGE SHARES OUTSTANDING 182,616

2、 182,222REVENUE PER AVAILABLE ROOM(RevPAR)$85$80(in thousands,except per share and statistical data)Financial Highlights(A)Operating results for the years ended December 31,2013 2012Balance sheet data as of December 31,2013 2012INVESTMENT IN REAL ESTATE,NET$1,443,498$1,463,894TOTAL ASSETS$1,491,281$

3、1,526,017SHAREHOLDERS EQUITY$1,311,811$1,346,133(A)The mergers of Apple REIT Seven,Inc.and Apple REIT Eight,Inc.into Apple REIT Nine,Inc.were completed on March 1,2014;therefore,results of operations for the 12-month periods ending December 31,2013 and December 31,2012 as outlined above reflect resu

4、lts of operations for Apple REIT Nine only.(B)Funds from operations(FFO)is defined as net income(computed in accordance with generally accepted accounting principles GAAP)excluding gains and losses from sales of depreciable property,plus depreciation and amortization.Modified FFO(MFFO)excludes renta

5、l revenue earned,but not received during the period or straight-line rental income,costs associated with the acquisition of real estate and costs associated with merger transactions and includes interest on a note receivable that was not included in net income until the gain on sale was recognized i

6、n 2013(which is excluded from FFO)in the period earned.The Company considers FFO and MFFO in evaluating property acquisitions and its operating performance and believes that FFO and MFFO should be considered along with,but not as an alternative to,net income and cash flows as a measure of the Compan