Apple Hospitality REIT Inc (APLE) 2012年年度报告「NYSE」.pdf

1、ANNUAL REPORT 2012 2APPLE REIT NINE3 APPLE REIT NINEHOME2 SUITES,NASHVILLE,TNANNUAL REPORT 2012 1Operating results for the years ended December 31,2012 2011 TOTAL REVENUE$365,586$320,500 NET INCOME$75,476$69,988 FUNDS FROM OPERATIONS(A)$128,224$119,803 MODIFIED FUNDS FROM OPERATIONS(A)$130,983$118,9

2、20 DISTRIBUTIONS PAID PER SHARE(B)$1.60$0.88 WEIGHTED-AVERAGE SHARES OUTSTANDING 182,222 182,396 REVENUE PER AVAILABLE ROOM(RevPAR)$80$74Balance sheet data as of December 31,2012 2011 INVESTMENT IN REAL ESTATE,NET$1,463,894$1,480,722 TOTAL ASSETS$1,526,017$1,700,967 SHAREHOLDERS EQUITY$1,346,133$1,5

3、63,590(A)Funds from operations(FFO)is defined as net income(computed in accordance with generally accepted accounting principlesGAAP)excluding gains and losses from sales of depreciable property,plus depreciation and amortization.Modified funds from operations(MFFO)excludes rental revenue earned but

4、 not received during the period or straight-line rental income and costs associated with the acquisition of real estate,and includes interest earned on a note receivable that is not included in net income.The Company considers FFO and MFFO in evaluating property acquisitions and its operating perfor

5、mance 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 Companys activities in accordance with GAAP.The Company considers FFO and MFFO as supplemental measures of operating performance in the real estate industry

6、,and along with the other financial measures including net income,cash flow from operating activities,financing activities and investing activities,they provide investors with an indication of the performance of the Company.The Companys definition of FFO and MFFO are not necessarily the same as such