Apple Hospitality REIT Inc (APLE) 2011年年度报告「NYSE」.pdf

1、ANNUAL REPORT 2011 2APPLE REIT NINE 2011 Annual Report3 APPLE REIT NINEHILTON GARDEN INN,EL PASO,TXANNUAL REPORT 2011 1 C O R P O R A T E P R O F I L E Apple REIT Nine,Inc.is a real estate investment trust(REIT)focused on the acquisition and ownership of income-producing real estate that generates a

2、ttractive returns for our shareholders.Our hotels operate under the Courtyard by Marriott,Fairfield Inn by Marriott,Fairfield Inn&Suites by Marriott,Marriott Hotels&Resorts,Residence Inn by Marriott,SpringHill Suites by Marriott,TownePlace Suites by Marriott,Embassy Suites Hotels,Hilton,Home2 Suites

3、 by Hilton,Homewood Suites by Hilton,Hilton Garden Inn,Hampton Inn and Hampton Inn&Suites brands.As of February 29,2012,the Apple REIT Nine portfolio consisted of 88 hotels with a total of 11,252 guestrooms in 27 states and 110 parcels of land leased to a third party.M I S S I O N Apple REIT Nine,In

4、c.is a premier real estate investment company committed to providing maximum value for our shareholders.Operating results for the years ended December 31,2011 2010 TOTAL REVENUE$320,500$160,135 NET INCOME$69,988$16,257 FUNDS FROM OPERATIONS(A)$119,803$47,006 MODIFIED FUNDS FROM OPERATIONS(A)$118,920

5、$60,281 DISTRIBUTIONS PAID PER SHARE$.88$.88 WEIGHTED-AVERAGE SHARES OUTSTANDING 182,396 135,825 REVENUE PER AVAILABLE ROOM(RevPAR)$74$66Balance sheet data as of December 31,2011 2010 INVESTMENT IN REAL ESTATE,NET$1,480,722$1,461,922 TOTAL ASSETS$1,700,967$1,745,942 SHAREHOLDERS EQUITY$1,563,590$1,6

6、34,039(A)Funds from operations(FFO)is defined as net income(loss)(computed in accordance with generally accepted accounting principalsGAAP)excluding gains and losses from sales of depreciable property,plus depreciation and amortization.Modified FFO(MFFO)excludes rental revenue earned,but not receive