Apple Hospitality REIT, Inc. (APLE) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.27	$0.29	+7.4%	—	$402.6M	—
Q1 26	$0.11	$0.12	+9.1%	—	$337.7M	—
Q4 25	$0.1	$0.1	0.0%	—	$326.4M	—
Q3 25	$0.22	$0.2	-9.1%	—	$373.9M	—
Q2 25	$0.26	$0.27	+3.8%	—	$384.4M	—
Q1 25	$0.14	$0.12	-14.3%	—	$327.7M	—
Q4 24	$0.11	$0.12	+9.1%	—	$333M	—
Q3 24	$0.25	$0.25	0.0%	—	$378.8M	—
Q2 24	$0.3	$0.3	0.0%	—	$390.1M	—
Q1 24	$0.15	$0.15	0.0%	—	$329.5M	—
Q4 23	$0.1	$0.11	+10.0%	—	$312.5M	—
Q3 23	$0.24	$0.26	+8.3%	—	$358.3M	—
Q2 23	$0.22	$0.29	+31.8%	—	$361.6M	—
Q1 23	$0.12	$0.14	+16.7%	—	$311.5M	—
Q4 22	$0.13	$0.12	-7.7%	—	$299.1M	—
Q3 22	$0.24	$0.26	+8.3%	—	$341.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.74	—	—	$1.4B	—
FY24	—	$0.89	—	—	$1.4B	—
FY23	—	$0.77	—	—	$1.3B	—
FY22	—	$0.63	—	—	$1.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1B	$1.2B	$1.3B	$1.3B	$601.9M	$933.9M	$1.2B	$1.3B	$1.4B	$1.4B
YoY change	+15.9%	+19%	+2.58%	-0.31%	-52.5%	+55.2%	+32.6%	+8.51%	+6.52%	-1.33%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1B	1.2B	1.3B	1.3B	601.9M	933.9M	1.2B	1.3B	1.4B	1.4B
Cost of revenue	650.1M	778.1M	801.9M	801.9M	480.5M	614.2M	783.4M	860M	922.3M	937.1M
Gross profit	390.9M	460.5M	468.6M	464.7M	121.4M	319.7M	455M	483.8M	509.2M	475.3M
Gross margin	37.6%	37.2%	36.9%	36.7%	20.2%	34.2%	36.7%	36%	35.6%	33.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	17M	26.3M	24.3M	36.2M	29.4M	41M	42.5M	47.4M	42.5M	32.3M
Operating expenses	17M	26.3M	24.3M	36.2M	29.4M	41M	42.5M	47.4M	42.5M	32.3M
Operating income	225.7M	257.7M	260.8M	235.2M	-107.8M	94.2M	230.9M	253.1M	276.1M	250.4M
Operating margin	21.7%	20.8%	20.5%	18.6%	-17.9%	10.1%	18.6%	18.8%	19.3%	17.7%
Non-operating income, net	-40.6M	-27M	-3M	-1.4M	5.8M	-7.2M	-24.4M	-5.6M	16.7M	7.4M
Pretax income	145.1M	183.3M	206.7M	172.6M	-172.9M	19.3M	146.7M	178.6M	215M	176.3M
Income tax	431K	847K	587K	679K	332K	468K	1.9M	1.1M	947K	959K
Net income	144.7M	182.5M	206.1M	171.9M	-173.2M	18.8M	144.8M	177.5M	214.1M	175.4M
Net margin	13.9%	14.7%	16.2%	13.6%	-28.8%	2.02%	11.7%	13.2%	15%	12.4%
EBITDA	373.9M	434.2M	444.3M	428.5M	92M	278.7M	412.6M	436.4M	466.7M	443M
EPS	0.76	0.82	0.9	0.77	-0.77	0.08	0.63	0.77	0.89	0.74
Diluted EPS	0.76	0.82	0.9	0.77	-0.77	0.08	0.63	0.77	0.89	0.74

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	358.3M	312.5M	329.5M	390.1M	378.8M	333M	327.7M	384.4M	373.9M	326.4M	337.7M	402.6M
Cost of revenue	225.4M	209.3M	218.3M	238.2M	240.9M	224.9M	223.2M	243.4M	244.4M	226M	229.4M	249.4M
Gross profit	132.9M	103.2M	111.3M	151.8M	138M	108.2M	104.5M	140.9M	129.5M	100.5M	108.3M	153.2M
Gross margin	37.1%	33%	33.8%	38.9%	36.4%	32.5%	31.9%	36.7%	34.6%	30.8%	32.1%	38.1%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	11.1M	12.8M	10.6M	11.1M	9.2M	11.7M	9.2M	8.1M	7.5M	7.5M	10.8M	13.2M
Operating expenses	11.1M	12.8M	10.6M	11.1M	9.2M	11.7M	9.2M	8.1M	7.5M	7.5M	10.8M	13.2M
Operating income	76.3M	44.6M	53.8M	93.1M	80.6M	48.5M	47.3M	84.9M	73.8M	44.4M	48M	90.4M
Operating margin	21.3%	14.3%	16.3%	23.9%	21.3%	14.6%	14.4%	22.1%	19.8%	13.6%	14.2%	22.4%
Non-operating income, net	—	—	17.8M	449K	-2.9M	1.4M	3.6M	—	-1.3M	5.2M	—	-2.2M
Pretax income	58.8M	21M	54.3M	74.1M	56.5M	30.1M	31.5M	63.9M	51.1M	29.9M	27.9M	67.3M
Income tax	313K	261K	256K	214K	243K	234K	241K	240K	242K	236K	242K	260K
Net income	58.5M	20.8M	54M	73.9M	56.3M	29.8M	31.2M	63.6M	50.9M	29.6M	27.7M	67.1M
Net margin	16.3%	6.65%	16.4%	19%	14.9%	8.95%	9.53%	16.6%	13.6%	9.07%	8.2%	16.7%
EBITDA	121.8M	84.8M	100.7M	140.8M	128.8M	96.5M	95.2M	132.9M	121.9M	93M	97.5M	140M
EPS	0.26	—	0.22	0.31	0.23	0.12	0.13	0.27	0.21	0.13	0.12	0.28
Diluted EPS	0.26	—	0.22	0.31	0.23	0.12	0.13	0.27	0.21	0.13	0.12	0.28

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	3.8B	—	3.3B	3.6B	2.9B	3.7B	3.6B	3.8B	3.7B	2.8B	3.9B
Enterprise value	5.2B	—	4.7B	5.2B	4.6B	5.2B	5.1B	5.3B	5.3B	4.5B	5.5B
Shares outstanding	190.9M	223.5M	229.7M	223.9M	223.5M	226.4M	228.9M	229.3M	241.3M	237.8M	237.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	26.4	—	15.9	21.2	—	194.2	24.9	21.5	17.3	16.1	21.8
P/S	3.66	—	2.58	2.87	4.79	3.91	2.92	2.83	2.59	2	2.68
P/B	1.08	—	0.96	1.11	0.95	1.16	1.14	1.15	1.13	0.89	1.23
EV/EBITDA	13.8	—	10.5	12.1	49.8	18.7	12.3	12.1	11.3	10.1	12
EV/Sales	4.95	—	3.69	4.09	7.61	5.57	4.11	3.93	3.69	3.16	3.79
Earnings yield	3.79%	—	6.29%	4.72%	—	0.52%	4.01%	4.66%	5.78%	6.22%	4.59%
FCF yield	6.98%	—	10.1%	8.43%	-0.76%	5.45%	8.55%	8.58%	8.78%	10%	9.35%
PEG	—	—	—	—	—	—	—	—	—	—	5.89

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	37.6%	37.2%	36.9%	36.7%	20.2%	34.2%	36.7%	36%	35.6%	33.7%	38.1%
Operating margin	21.7%	20.8%	20.5%	18.6%	-17.9%	10.1%	18.6%	18.8%	19.3%	17.7%	22.4%
Net margin	13.9%	14.7%	16.2%	13.6%	-28.8%	2.02%	11.7%	13.2%	15%	12.4%	12.2%
ROE	4.11%	5.11%	6.05%	5.22%	-5.72%	0.6%	4.56%	5.34%	6.55%	5.57%	5.53%
ROA	2.9%	3.72%	4.18%	3.48%	-3.59%	0.39%	3.03%	3.59%	4.31%	3.58%	3.28%
ROIC	4.64%	5.35%	5.39%	4.85%	-2.28%	1.96%	4.9%	5.24%	5.68%	5.2%	5.38%
Return on tangible assets	2.9%	3.72%	4.18%	3.48%	-3.59%	0.39%	3.03%	3.59%	4.31%	3.58%	3.6%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.25	0.28	0.17	0.45	0.3	0.47	0.75	0.73	0.47	0.44	0.29
Quick ratio	0.25	0.28	0.17	0.45	0.3	0.47	0.75	0.73	0.47	0.44	0.57
Debt / equity	0.38	0.34	0.41	0.47	0.56	0.49	0.47	0.45	0.48	0.52	0.51
Debt / assets	0.27	0.25	0.29	0.31	0.35	0.32	0.31	0.3	0.32	0.34	0.33
Net debt / EBITDA	—	—	—	3.59	18.4	5.55	3.57	3.38	3.37	3.7	3.54
Interest coverage	4.62	4.87	5.04	3.82	-1.44	1.28	3.46	3.59	3.77	3.16	3.15
Effective tax rate	0.3%	0.46%	0.28%	0.39%	0%	2.43%	1.32%	0.64%	0.44%	0.54%	0.56%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.45	5.54	5.53	5.66	2.69	4.13	5.41	5.86	5.93	5.94	6.09
EPS (basic)	0.76	0.82	0.9	0.77	-0.77	0.08	0.63	0.77	0.89	0.74	0.74
EPS (diluted)	0.76	0.82	0.9	0.77	-0.77	0.08	0.63	0.77	0.89	0.74	0.75
Book value per share	18.4	16	14.8	14.7	13.6	13.9	13.9	14.5	13.5	13.2	13.3
FCF per share	1.39	1.44	1.44	1.37	-0.1	0.88	1.35	1.43	1.35	1.19	1.23
Cash per share	—	—	—	0	0.02	0.01	0.02	0.04	0.04	0.04	0.08
Capex per share	—	—	—	—	—	—	—	—	—	0.37	0.41

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	6.19%	6.65%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	23.6%	24.8%
Payout ratio	158.3%	146.8%	133.9%	156.3%	-38.9%	36.1%	96.3%	134.3%	113.9%	137.1%	129.7%
Dividend yield	6.01%	—	8.42%	7.38%	2.33%	0.19%	3.86%	6.26%	6.58%	8.53%	5.87%

Yield

5.87%

trailing twelve months

Frequency

Monthly

Last dividend

$0.08

ex-dividend Aug 31, 2026

Payout ratio

130%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 31, 2026	$0.08
Jul 31, 2026	$0.08
Jun 30, 2026	$0.08

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$358.3M	$312.5M	$329.5M	$390.1M	$378.8M	$333M	$327.7M	$384.4M	$373.9M	$326.4M	$337.7M	$402.6M
YoY change	+5.02%	+4.46%	+5.8%	+7.87%	+5.75%	+6.59%	-0.55%	-1.46%	-1.31%	-1.98%	+3.06%	+4.73%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	—	—	—	0	5.6M	3.3M	4.1M	10.3M	10.3M	8.5M
Receivables	—	—	—	—	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	99.9M	61.2M	62.7M	73.7M	61.8M	80M	86.8M	95.3M	95.6M	72.4M
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	5B	4.9B	4.9B	4.9B	4.8B	4.8B	4.8B	4.9B	5B	4.9B
Accounts payable	124.9M	109.1M	107.4M	114.4M	97.9M	92.7M	116.1M	129.9M	121M	103.9M
Short-term debt	270M	106.9M	268.8M	50.9M	105.8M	76M	—	—	82.5M	61M
Total current liabilities	394.9M	216M	376.2M	165.3M	203.7M	168.7M	116.1M	129.9M	203.5M	164.9M
Long-term debt	1.1B	1.1B	1.1B	1.5B	1.6B	1.5B	1.5B	1.5B	1.5B	1.6B
Total liabilities	1.5B	1.3B	1.5B	1.7B	1.8B	1.6B	1.6B	1.6B	1.7B	1.8B
Shareholders' equity	3.5B	3.6B	3.4B	3.3B	3B	3.1B	3.2B	3.3B	3.3B	3.1B
Total debt	1.3B	1.2B	1.4B	1.5B	1.7B	1.6B	1.5B	1.5B	1.6B	1.6B
Net debt	—	—	—	1.5B	1.7B	1.5B	1.5B	1.5B	1.6B	1.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	35.4M	10.3M	4.9M	7.2M	6.1M	10.3M	14.9M	7.9M	50.3M	8.5M	7.8M	10.2M
Receivables	—	—	—	—	—	—	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	168.8M	72.4M	93.7M	89.7M
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	—	—	—	—	—	—	—	—	4.9B	4.9B	4.9B	4.9B
Accounts payable	—	—	—	—	—	—	—	—	104.4M	103.9M	91.1M	110.8M
Short-term debt	—	—	—	—	—	—	—	—	—	61M	89.1M	46M
Total current liabilities	—	—	—	—	—	—	—	—	104.4M	164.9M	180.2M	156.8M
Long-term debt	—	—	—	—	—	—	—	—	1.6B	1.6B	1.6B	1.6B
Total liabilities	—	—	—	—	—	—	—	—	1.7B	1.8B	1.8B	1.7B
Shareholders' equity	—	—	—	—	—	—	—	—	3.2B	3.1B	3.1B	3.1B
Total debt	—	—	—	—	—	—	—	—	1.6B	1.6B	1.7B	1.6B
Net debt	—	—	—	—	—	—	—	—	1.6B	1.6B	1.7B	1.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	144.7M	182.5M	206.1M	171.9M	-173.2M	18.8M	144.8M	177.5M	214.1M	175.4M
Depreciation & amortization	148.2M	176.5M	183.5M	193.2M	199.8M	184.5M	181.7M	183.2M	190.6M	192.6M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	15.2M	-385K	3.5M	9.7M	-3.5M	-3.2M	8.9M	24M	9M	2.6M
Operating cash flow	314.8M	365.7M	401.1M	379.4M	31.9M	210.4M	344.1M	393.4M	422M	370.2M
Capital expenditure	—	—	—	—	—	—	—	—	—	-87.4M
Investing cash flow	-82.8M	-1.4M	-537K	-2.5M	952K	-893K	0	-1.2M	-349K	-90.8M
Dividends paid	-229.1M	-267.9M	-275.9M	-268.7M	-67.4M	-6.8M	-139.5M	-238.3M	-243.7M	-240.4M
Share repurchases	-9.1M	0	-104.3M	-4.3M	-14.7M	0	-2.9M	-6.9M	-35.1M	-58.8M
Financing cash flow	-160.7M	-224.8M	-189.3M	-365.7M	57.8M	-87.8M	-222.6M	-26.3M	-181.4M	-235M
Net change in cash	71.2M	139.6M	211.2M	11.2M	90.6M	121.8M	121.4M	365.9M	240.3M	44.4M
Free cash flow	266M	320.8M	330.5M	306.8M	-21.8M	199.3M	309.1M	327M	325M	282.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	58.5M	20.8M	54M	73.9M	56.3M	29.8M	31.2M	63.6M	50.9M	29.6M	27.7M	67.1M
Depreciation & amortization	45.5M	45.8M	46.8M	47.7M	48.1M	47.9M	47.9M	48M	48.1M	48.6M	49.5M	49.7M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	25.1M	22.5M	-30.5M	4M	18.8M	16.8M	-28.2M	-4.6M	24.4M	11M	-30.1M	4.3M
Operating cash flow	131.6M	91.2M	72.4M	127.8M	125.3M	96.6M	52.7M	108.8M	126.4M	85.8M	48.9M	125M
Capital expenditure	—	—	—	—	—	—	—	-14.3M	-17.2M	-28.6M	-35.8M	-14.2M
Investing cash flow	-4.7M	4.6M	-422K	422K	0	-349K	-432K	-13.9M	-20.9M	-28.4M	-35.8M	-14.2M
Dividends paid	-54.8M	-55.2M	-70.2M	-58M	-57.7M	-57.8M	-69.6M	-57M	-56.8M	-56.9M	-56.6M	-56.6M
Share repurchases	-49K	0	0	-10.4M	-19.2M	-483K	-29.6M	-13.6M	-2M	-13.6M	-1.6M	1.6M
Financing cash flow	-105.7M	-57.4M	58.3M	-33M	-113.3M	-88.3M	-36M	-81.1M	-77.6M	-40.3M	-31.7M	-119.3M
Net change in cash	21.2M	38.4M	130.3M	95.1M	11.9M	8M	16.2M	13.9M	27.9M	17.2M	-18.6M	-8.6M
Free cash flow	117.3M	74.2M	23.4M	113.6M	113.6M	74.4M	21.9M	94.5M	109.2M	57.2M	13.1M	110.7M

Apple Hospitality REIT, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history