Apple Hospitality REIT, Inc. APLE

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

The Company, formed in November 2007 as a Virginia corporation, is a self-advised REIT that invests in income-producing real estate, primarily in the lodging sector, in the United States ("U.S."). The Company has elected to be treated as a REIT for U.S. federal income tax purposes. As of December 31, 2025, the Company owned 217 hotels with an aggregate of 29,583 guest rooms located in urban, high-end suburban and developing markets throughout 37 states and the District of Columbia ("D.C.") and substantially all of the Company's hotels operated under Marriott or Hilton brands. As of December 31, 2025, the hotels are operated and managed under separate management agreements with one of 16 hotel management companies, none of which are affiliated with the Company. The Company's common shares are listed on the New York Stock Exchange ("NYSE") under the ticker symbol "APLE." The Company has no foreign operations or assets, and its operating structure includes only one reportable segment. Refer to Part II, Item 8, for the Consolidated Financial Statements and Notes thereto, appearing elsewhere in this Annual Report on Form 10-K.

Last close 18.04 2026-10-23
Market cap $4.26B 2026-06-30 share count
52-week range 10.85 - 18.30

Valuation FY2025 figures against the last close

P/S3.0x
P/E24.4x
P/FCF15.1x
EV/EBITDA22.5x
Dividend yield5.6%
Diluted EPS0.74

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.41B$1.43B$1.34B$1.24B$933.9M$601.9M$1.27B$1.27B$1.24B$1.04B
Cost of revenue $847.3M$837.9M$780.7M$710.5M$542.2M$402.3M$724.4M$715.9M$697.4M$582.8M
Gross profit $565.1M$593.6M$563.1M$527.9M$391.7M$199.6M$542.2M$554.6M$541.2M$458.2M
SG&A $32.3M$42.5M$47.4M$42.5M$41.0M$29.4M$36.2M$24.3M$26.3M$17.0M
Total operating expenses $1.17B$1.16B$1.10B$1.03B$850.4M$714.8M$1.04B$1.01B$1.02B$855.8M
Operating income $257.8M$292.8M$247.5M$206.5M$87.0M-$102.0M$233.8M$257.9M$230.7M$185.1M
Interest expense $81.5M$77.7M$68.9M$59.7M$67.7M$70.8M$61.2M$51.2M$47.3M$40.0M
Pre-tax income $176.3M$215.0M$178.6M$146.7M$19.3M-$172.9M$172.6M$206.7M$183.3M$145.1M
Income tax $959.0K$947.0K$1.1M$1.9M$468.0K$332.0K$679.0K$587.0K$847.0K$431.0K
Net income $175.4M$214.1M$177.5M$144.8M$18.8M-$173.2M$171.9M$206.1M$182.5M$144.7M
EPS, basic 0.740.890.770.630.08-0.77————
EPS, diluted 0.740.890.770.630.08-0.770.770.900.820.76
Shares, diluted (wtd. avg.) 237.8M241.3M229.3M228.9M226.4M223.5M————

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $8.5M$10.3M$10.3M$4.1M$3.3M$5.6M$34.7M$33.6M$29.8M$0
Total assets $4.90B$4.97B$4.94B$4.77B$4.79B$4.83B$4.94B$4.93B$4.90B$4.98B
Long-term debt $1.54B$1.47B$1.37B$1.37B$1.44B$1.48B$1.32B$1.41B$1.22B$1.30B
Total liabilities $1.75B$1.70B$1.61B$1.59B$1.64B$1.80B$1.65B$1.52B$1.33B$1.46B
Total equity $3.15B$3.27B$3.32B$3.18B$3.15B$3.03B$3.29B$3.41B$3.57B$3.52B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $370.2M$405.4M$399.0M$368.4M$217.6M$26.7M$381.7M$404.8M$384.1M$331.2M
Depreciation and amortisation ———————$183.5M$176.5M$148.2M
Capital expenditure $88.2M$78.3M$76.8M$59.4M$18.3M$48.6M$74.9M$74.3M$63.3M$65.1M
Investing cash flow -$135.4M-$215.7M-$364.6M-$135.9M-$150.7M-$82.3M-$14.3M-$210.2M-$158.3M-$162.2M
Financing cash flow -$239.5M-$189.2M-$34.3M-$229.0M-$61.3M$55.2M-$366.3M-$190.8M-$225.4M-$162.2M
Dividends paid $240.4M$243.7M$238.3M$139.5M$6.8M$67.4M$268.7M$275.9M$267.9M$229.1M
Buybacks $58.3M$34.7M$6.9M$2.7M—$14.3M$4.3M$104.3M$0$7.9M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-064008.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 1B Gross profit, FY2016: 458.2M Net income, FY2016: 144.7M Revenue, FY2017: 1.2B Gross profit, FY2017: 541.2M Net income, FY2017: 182.5M Revenue, FY2018: 1.3B Gross profit, FY2018: 554.6M Net income, FY2018: 206.1M Revenue, FY2019: 1.3B Gross profit, FY2019: 542.2M Net income, FY2019: 171.9M Revenue, FY2020: 601.9M Gross profit, FY2020: 199.6M Net income, FY2020: -173.2M Revenue, FY2021: 933.9M Gross profit, FY2021: 391.7M Net income, FY2021: 18.8M Revenue, FY2022: 1.2B Gross profit, FY2022: 527.9M Net income, FY2022: 144.8M Revenue, FY2023: 1.3B Gross profit, FY2023: 563.1M Net income, FY2023: 177.5M Revenue, FY2024: 1.4B Gross profit, FY2024: 593.6M Net income, FY2024: 214.1M Revenue, FY2025: 1.4B Gross profit, FY2025: 565.1M Net income, FY2025: 175.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.04B $1.24B $1.27B $1.27B $601.9M $933.9M $1.24B $1.34B $1.43B $1.41B
Gross profit $458.2M $541.2M $554.6M $542.2M $199.6M $391.7M $527.9M $563.1M $593.6M $565.1M
Net income $144.7M $182.5M $206.1M $171.9M -$173.2M $18.8M $144.8M $177.5M $214.1M $175.4M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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