1、NYSE:APLE2015ANNUAL REPORTANNUAL REPORT 2015 12 APPLE HOSPITALITY REIT(A)Based on closing share price of$19.97 on December 31,2015.(B)Adjusted EBITDA(Earnings Before Interest,Income Taxes,Depreciation and Amortization)and MFFO are commonly used supplemental operating performance measures.These non-G
2、AAP measures should be considered along with,but not as alternatives to net income,cash fl ow from operations or any other operating GAAP measure.See Item 7 of the Companys Form 10-K,included in this Annual Report,for complete defi nitions and reconciliations to net income.(C)The Company defi nes me
3、trics from“Comparable Hotels”as results generated by the 179 hotels owned as of December 31,2015.For hotels acquired during the period,the Company has included,as applicable,results of those hotels for periods prior to the Companys ownership,and for dispositions,results have been excluded for the Co
4、mpanys period of ownership.Results for periods prior to the Companys ownership have not been included in the Companys actual Consolidated Financial Statements and are included only for comparison purposes.Corporate ProfileApple Hospitality REIT,Inc.(the“Company”)is a publicly traded real estate inve
5、stment trust(REIT)focused on the acquisition and ownership of income-producing real estate that generates attractive returns for our shareholders.Our hotels operate under the Courtyard by Marriott,Fairfield Inn by Marriott,Fairfield Inn&Suites by Marriott,Marriott Hotels,RenaissanceHotels,Residence
6、Inn by Marriott,SpringHill Suites by Marriott,TownePlace Suites by Marriott,Embassy Suites by Hilton,Hampton Inn by Hilton,Hampton Inn&Suites by Hilton,Hilton,Hilton Garden Inn,Home2 Suites by Hilton,and Homewood Suites by Hilton brands.As of December 31,2015,the Companys portfolio consisted of 179