Apple Hospitality REIT Investor Presentation — May 2022

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Apple Hospitality REIT Reports Results of Operations for First Quarter 2022

RICHMOND , Va. (May 5 , 2022 ) – Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today

announced results of operations for the first quarter ende d March 31, 2022 .

Apple Hospitality REIT, Inc.

Selected Statistical and Financial Data

As of and For the Three Months Ended March 31

(Unaudited) (in thousands, except statistical and per share amounts)(1)

2022 2021 % Change

Net income (loss) $18,002 $(46,435) n/a

Net income (loss) per share $0.08 $(0.21) n/a

Adjusted EBITDAre $78,298 $27,308 186.7%

Comparable Hotels Adjusted Hotel EBITDA $87,909 $33,838 159.8%

Com parable Hotels Adjusted Hotel EBITDA Margin % 33.7% 22.2% 1,150 bps

Modified funds from operations (MFFO) $63,460 $8,682 630.9%

MFFO per share $0.28 $0.04 600.0%

Average Daily Rate (ADR) (Actual) $137.03 $99.19 38.1%

Occupancy (Actual) 67.1% 55.5% 20.9%

Revenue Per Available Room (RevPAR) (Actual) $91.98 $55.09 67.0%

Comparable Hotels ADR $137.03 $99.98 37.1%

Comparable Hotels Occupancy 67.1% 55.4% 21.1%

Comparable Hotels RevPAR $91.98 $55.34 66.2%

Distributions paid $13,701 - n/a

Distributions paid per share $0.06 - n/a