BuybackMay 27, 2026, 04:17 PM
Apple Hospitality REIT Extends Share Buyback Program to $242.5M
AI Summary
Apple Hospitality REIT, Inc. announced the extension of its existing share repurchase program until July 2027, allowing for the repurchase of up to $242.5 million of common shares. This decision was approved by the Board on May 22, 2026. Additionally, at its Annual Meeting, shareholders elected eight directors, ratified KPMG LLP as the independent auditor for 2026, and approved the advisory vote on executive compensation.
Key Highlights
- Apple Hospitality REIT extended its share repurchase program until July 2027.
- The extended program authorizes the repurchase of up to $242.5 million of common shares.
- Shareholders elected eight directors to the Board of Directors.
- KPMG LLP was ratified as the independent registered public accounting firm for 2026 with 199,438,485 votes FOR.
- Shareholders approved the advisory vote on executive compensation with 175,328,993 votes FOR.
- Howard E. Woolley received 11,344,699 WITHHELD votes for director election.
Price Impact
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