Apple Hospitality REIT Management
Management criteria checks 4/4
Apple Hospitality REIT's CEO is Justin Knight, appointed in May 2014, has a tenure of 9.33 years. total yearly compensation is $6.97M, comprised of 9.1% salary and 90.9% bonuses, including company stock and options. directly owns 0.8% of the company’s shares, worth $28.34M. The average tenure of the management team and the board of directors is 5.3 years and 9.3 years respectively.
Key information
Justin Knight
Chief executive officer
US$7.0m
Total compensation
| CEO salary percentage | 9.1% |
| CEO tenure | 10yrs |
| CEO ownership | 0.8% |
| Management average tenure | 5.3yrs |
| Board average tenure | 9.3yrs |
Recent management updates
Recent updates
Apple Hospitality: Strong Cash Flows And De-Risked Balance Sheet At Single-Digit Multiple
Feb 26A Case Study On Leverage In Cyclical Sectors: Apple Hospitality
Feb 06Apple Hospitality REIT: Harvesting A Steady Income Stream
Dec 12Apple Hospitality Q3: Growth Has Been Slowing Down (Rating Downgrade)
Nov 28Hotel Income: 6% Monthly Dividends With Apple Hospitality
Oct 17Apple Hospitality REIT: A Healthy Fruit
Aug 17Apple Hospitality: A Solid Buy In Hotel REITs
Jul 30Apple Hospitality: Strong Performance Ahead
Jul 10Apple Hospitality REIT: Recovering Well With A 6.6% Dividend Yield
May 28Apple Hospitality Q4 2022 Earnings Preview
Feb 20Apple Hospitality REIT: Think Twice Before Taking A Bite
Feb 14Apple Hospitality declares $0.08 dividend
Jan 20Apple Hospitality declares $0.08 dividend, special dividend of $0.08
Dec 20Apple Hospitality beefs up portfolio with additional hotel purchases
Oct 27An Apple Hospitality REIT A Day Keeps The Bears Away
Oct 16Apple Hospitality goes ex dividend tomorrow
Sep 30Apple Hospitality raises dividend by 40% to $0.07
Aug 17Apple Hospitality: A Lodging REIT Poised For Dividend Growth
Aug 09Apple Hospitality declares $0.05 dividend
Jul 20Apple Hospitality: Tempted To Take A Bite
May 25CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$199m |
| Dec 31 2023 | US$7m | US$635k | US$177m |
| Sep 30 2023 | n/a | n/a | US$159m |
| Jun 30 2023 | n/a | n/a | US$160m |
| Mar 31 2023 | n/a | n/a | US$160m |
| Dec 31 2022 | US$7m | US$597k | US$145m |
| Sep 30 2022 | n/a | n/a | US$156m |
| Jun 30 2022 | n/a | n/a | US$128m |
| Mar 31 2022 | n/a | n/a | US$83m |
| Dec 31 2021 | US$6m | US$558k | US$19m |
| Sep 30 2021 | n/a | n/a | -US$46m |
| Jun 30 2021 | n/a | n/a | -US$118m |
| Mar 31 2021 | n/a | n/a | -US$217m |
| Dec 31 2020 | US$4m | US$494k | -US$173m |
| Sep 30 2020 | n/a | n/a | -US$97m |
| Jun 30 2020 | n/a | n/a | -US$9m |
| Mar 31 2020 | n/a | n/a | US$131m |
| Dec 31 2019 | US$5m | US$525k | US$172m |
| Sep 30 2019 | n/a | n/a | US$181m |
| Jun 30 2019 | n/a | n/a | US$197m |
| Mar 31 2019 | n/a | n/a | US$202m |
| Dec 31 2018 | US$3m | US$525k | US$206m |
| Sep 30 2018 | n/a | n/a | US$170m |
| Jun 30 2018 | n/a | n/a | US$170m |
| Mar 31 2018 | n/a | n/a | US$190m |
| Dec 31 2017 | US$4m | US$500k | US$182m |
Compensation vs Market: Justin's total compensation ($USD6.97M) is about average for companies of similar size in the US market ($USD6.67M).
Compensation vs Earnings: Justin's compensation has been consistent with company performance over the past year.
CEO
Justin Knight (50 yo)
10yrs
Tenure
US$6,973,468
Compensation
Mr. Justin G. Knight has been a Director at Apple Hospitality REIT, Inc. since 2015. He served as the President of Apple REIT Ten, Inc., Apple Suites, Inc. and Apple Nine Hospitality Ownership, Inc. Mr. Kn...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 17.3yrs | no data | 4.43% $ 157.9m | |
| CEO & Director | 10yrs | US$6.97m | 0.80% $ 28.3m | |
| Senior VP & CFO | 4.1yrs | US$3.11m | 0.13% $ 4.6m | |
| Senior VP & COO | 4.1yrs | US$2.90m | 0.13% $ 4.7m | |
| President of Real Estate & Investments | 10yrs | US$3.14m | 0.39% $ 13.9m | |
| Senior VP & Chief Accounting Officer | 5.3yrs | US$2.04m | 0.089% $ 3.2m | |
| Executive Director | 4.2yrs | US$185.00k | 0.41% $ 14.5m | |
| Vice President of Investor Relations | 13.9yrs | no data | no data | |
| Senior VP | 5.2yrs | US$1.37m | 0.090% $ 3.2m | |
| Senior VP & Chief Capital Investment Officer | 5.2yrs | no data | 0.068% $ 2.4m | |
| Senior Advisor | no data | US$527.31k | no data |
5.3yrs
Average Tenure
44.5yo
Average Age
Experienced Management: APLE's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 17.3yrs | no data | 4.43% $ 157.9m | |
| CEO & Director | 9.3yrs | US$6.97m | 0.80% $ 28.3m | |
| Executive Director | 5.2yrs | US$185.00k | 0.41% $ 14.5m | |
| Independent Director | 10.2yrs | US$200.00k | 0.026% $ 915.5k | |
| Independent Director | 6.3yrs | US$200.00k | 0.022% $ 784.6k | |
| Lead Independent Director | 9.3yrs | US$235.34k | 0.019% $ 687.7k | |
| Independent Director | 1.2yrs | US$144.59k | 0.0031% $ 109.1k | |
| Independent Director | 9.3yrs | US$238.43k | 0.051% $ 1.8m | |
| Independent Director | 3.2yrs | US$203.45k | 0.0060% $ 213.9k |
9.3yrs
Average Tenure
65yo
Average Age
Experienced Board: APLE's board of directors are considered experienced (9.3 years average tenure).