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APLE

Apple Hospitality REIT, Inc.

APLE

Apple Hospitality REIT, Inc. • NYSE
$11.89 ▼ -0.08% (-0.01)
Market Cap $2.81 B
52w High $16.43
52w Low $10.44
Dividend Yield 1.09%
P/E 16.07
Volume 1.55M
Outstanding Shares 236.58M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $373.878M ▼ $207.423M ▲ $50.88M ▼ 13.609% ▼ $0.21 ▼ $99.222M ▼
Q2-2025 $384.37M ▲ $56.086M ▲ $63.648M ▲ 16.559% ▲ $0.27 ▲ $132.873M ▲
Q1-2025 $327.702M ▼ $53.612M ▼ $31.221M ▲ 9.527% ▲ $0.13 ▲ $98.8M ▲
Q4-2024 $333.036M ▼ $58.255M ▼ $29.817M ▼ 8.953% ▼ $0.12 ▼ $97.825M ▼
Q3-2024 $378.843M $60.229M $56.266M 14.852% $0.23 $125.869M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $50.29M ▲ $4.914B ▼ $1.724B ▼ $3.19B ▼
Q2-2025 $7.896M ▼ $4.929B ▼ $1.73B ▼ $3.199B ▼
Q1-2025 $14.917M ▲ $4.948B ▼ $1.735B ▲ $3.213B ▼
Q4-2024 $10.253M ▲ $4.97B ▼ $1.704B ▼ $3.266B ▼
Q3-2024 $6.147M $5.022B $1.725B $3.297B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $50.88M ▼ $126.444M ▲ $-5.281M ▲ $-77.631M ▲ $43.532M ▲ $168.016M ▲
Q2-2025 $63.648M ▲ $108.796M ▲ $-32.742M ▼ $-84.333M ▼ $-8.279M ▼ $94.513M ▲
Q1-2025 $31.221M ▲ $49.139M ▼ $-7.076M ▼ $-36.028M ▲ $6.035M ▲ $21.85M ▼
Q4-2024 $29.817M ▼ $95.205M ▼ $1.16M ▲ $-91.015M ▲ $5.35M ▲ $74.442M ▼
Q3-2024 $56.266M $128.19M $-14.644M $-113.348M $198K $173.187M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Food and Beverage
Food and Beverage
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲
Hotel Other
Hotel Other
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲
Occupancy
Occupancy
 $300.00M ▲$300.00M ▲$350.00M ▲$340.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue and profits have steadily improved over the past several years as travel recovered from the pandemic shock. Earnings moved from a clear loss during the COVID period to consistent profitability, with both operating income and net income trending higher each year. Profit margins now look healthier and more stable, helped by the company’s focus on more efficient, rooms-focused hotels rather than complex full‑service properties. Overall, the income statement shows a mature business that has largely put the pandemic downturn behind it and is back to generating solid, repeatable earnings, though still exposed to travel and economic cycles.

Balance Sheet

Balance Sheet The balance sheet appears steady and conservatively managed. Total assets have remained fairly stable, reflecting a largely built-out hotel portfolio rather than a rapid expansion story. Debt levels are meaningful but not aggressive, and they have inched down or held roughly flat relative to the size of the business, supporting a picture of disciplined leverage. Equity has gradually increased, suggesting that retained earnings are strengthening the company’s capital base over time. Cash on hand is low, which is common for REITs that distribute much of their income, but it puts more importance on continued access to credit and stable cash generation.

Cash Flow

Cash Flow Cash flow has improved dramatically from the pandemic low point to consistently solid levels. Operating cash flow now comfortably covers ongoing capital spending and leaves room for distributions, a key objective for a REIT. Free cash flow has been positive for several years, even as the company modestly reinvests in its properties. Capital spending remains disciplined and manageable, focused on upkeep and targeted upgrades rather than heavy new development. Overall, the cash flow profile looks dependable, provided that hotel demand remains reasonably healthy.

Competitive Edge

Competitive Edge Apple Hospitality REIT occupies a focused niche in the hotel market: upscale, “select‑service” or rooms-focused properties under strong national brands like Marriott, Hilton, and Hyatt. This segment tends to be simpler and cheaper to operate than full‑service hotels, which can provide more stable margins. The portfolio is widely spread across many states, which helps reduce reliance on any one city or region. Brand affiliations bring reservation systems, loyalty programs, and marketing power that smaller, independent hotels lack. Combined with a conservative balance sheet and experienced management, this creates a competitive position that is more about consistency and resilience than aggressive growth or uniqueness.

Innovation and R&D

Innovation and R&D Innovation here is practical rather than high-tech. The company emphasizes efficient hotel formats, energy-saving upgrades, and data‑driven asset management to control costs and protect margins. Sustainability efforts—such as energy-efficient lighting, HVAC, and water systems—aim to lower operating expenses and appeal to guests who value environmental responsibility. Apple Hospitality leans on the technology and systems of its major brand partners, rather than building its own platforms. In short, its “R&D” is about continuous operational improvement and smarter capital allocation, not breakthrough products.

Summary

Apple Hospitality REIT has transitioned from a pandemic-driven downturn to a period of steady recovery and stable profitability. Its financial statements show improving earnings, disciplined leverage, and reliable free cash flow, all consistent with a mature, income-oriented real estate vehicle. Strategically, the company is tightly focused on rooms‑centric, branded hotels across a wide geographic footprint, which supports operational efficiency and resilience across economic cycles. Innovation is incremental and centered on efficiency and sustainability rather than technology disruption. The main ongoing sensitivities remain broader travel demand, economic conditions, and the usual risks tied to owning a concentrated portfolio of hotel real estate.

NEWS

November 18, 2025 · 9:00 AM UTC

Apple Hospitality REIT Announces Monthly Distribution

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November 3, 2025 · 4:15 PM UTC

Apple Hospitality REIT Reports Results of Operations for Third Quarter 2025

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October 20, 2025 · 9:00 AM UTC

Apple Hospitality REIT Announces Monthly Distribution

Read more

September 18, 2025 · 9:00 AM UTC

Apple Hospitality REIT Announces Monthly Distribution

Read more