Apple hospitality reit takes steps to mitigate impact of covid-19

Apple hospitality reit takes steps to mitigate impact of covid-19.apple hospitality reit inc - company has postponed all non-essential capital improvement projects planned for 2020.apple hospitality reit inc - anticipates a reduction of approximately $50 million in previously announced capital improvements program for year.apple hospitality reit inc - company has suspended its monthly distributions, effective immediately.apple hospitality reit inc - company has recently drawn on its credit facility and currently has approximately $300 million of cash on hand.apple hospitality reit inc - company has no scheduled debt maturities for remainder of year.apple hospitality reit inc - justin knight, co's president and chief executive officer to reduce his target compensation by 60%.apple hospitality reit inc - non-employee directors of board, as a group to reduce their annual fee by more than 15%.
APLE Ratings Summary
APLE Quant Ranking