APLE
Apple Hospitality REIT, Inc.12.16
-0.13-1.06%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Dispositions prioritized; no acquisitions planned.
Q&A doubled down on a cautious 2026 outlook, quantifying last year's government demand drag at roughly 1 occupancy point while highlighting early midweek recovery but staying gun-shy after policy whiplash. No acquisitions planned; management prioritizes select dispositions to repurchase shares at compelling spreads. Marriott transitions to franchise won't boost 2026 guidance—costs offset initially—but promise cost savings via market consolidation and better marketability. World Cup upside excites but isn't baked into flat RevPAR midpoint. No buys planned this year. Watch transient rebound and FIFA bookings.
Key Stats
Market Cap
2.88BP/E (TTM)
16.43Basic EPS (TTM)
0.74Dividend Yield
0.08%Recent Filings
8-K
Jan RevPAR dips 1.5%
Apple Hospitality REIT released its February 2026 investor presentation under Reg FD, detailing January comparable hotels RevPAR down ~1.5% year-over-year due to tough wildfire recovery comps in California. Portfolio holds steady at 217 upscale, rooms-focused hotels across 37 states with 35% net debt to capitalization. No new supply hits 59% of properties.
8-K
Updated REIT tax disclosure
Apple Hospitality REIT filed an updated Exhibit 99.1 on February 23, 2026, superseding prior U.S. federal income tax disclosures on its REIT qualification, shareholder taxation, and share ownership. This clarifies REIT rules like 75%/95% gross income tests and asset limits, while stressing IRS non-binding status. No operational changes disclosed. Risks persist if qualification fails.
10-K
FY2025 results
Apple Hospitality REIT's FY2025 delivered stable portfolio results amid headwinds, with total revenue dipping 1.3% y/y to $1.41B as Comparable Hotels RevPAR fell 1.6% y/y to $117.95 on softer occupancy (74.1%, -1.6% y/y) despite flat ADR ($159.09). Net income dropped 18% to $175M, pressured by higher hotel expenses (60.0% of revenue, +110bps y/y) from labor and inflation, offset by gains from seven hotel sales ($73M proceeds). Q4 saw steady momentum with $58M share repurchases under its program ($242M remaining); debt stayed low at 35.5% net leverage with $587M revolver capacity. Expects flat Comparable RevPAR in 2026. Yet labor shortages threaten margins.
8-K
APLE 2025 RevPAR dips 1.6%
Apple Hospitality REIT reported 2025 results on February 23, 2026, with comparable hotels RevPAR down 1.6% to $117.95 amid government travel pullbacks, yet leisure held firm. Net income fell 18.1% to $175M; MFFO dropped 7.0% to $361M while distributions stayed flat at $1.01/share. Balance sheet solid at 35.5% net debt ratio. 2026 guides RevPAR -1% to +1%, Adjusted EBITDAre $424M-$447M.
IPO
Employees
Sector
Industry
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