NYSE : APLE
Apple Hospitality REIT, Inc. — Financial statements
Real Estate · REIT - Hotel & Motel · United States
Last price 18.52 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.37B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 1.30B | 1.28B | 1.30B | 1.23B | 1.14B | 871.44M |
| Other Revenue | 137.81M | 133.96M | 132.94M | 117.64M | 98.98M | 62.43M |
| Total Revenue | 1.44B | 1.41B | 1.43B | 1.34B | 1.24B | 933.87M |
| Property Expenses | 822.55M | 810.02M | 795.32M | 742.49M | 678.63M | 534.32M |
| Selling, General & Administrative | 165.57M | 159.32M | 169.48M | 164.94M | 147.22M | 120.87M |
| Depreciation & Amortization | 195.85M | 192.63M | 190.60M | 183.24M | 181.70M | 184.47M |
| Total Operating Expenses | 1.18B | 1.16B | 1.16B | 1.09B | 1.01B | 839.67M |
| Operating Income | 256.63M | 250.41M | 276.07M | 253.12M | 230.87M | 94.20M |
| Interest Expense | -82.01M | -81.48M | -77.75M | -68.86M | -59.73M | -67.75M |
| EBT Excluding Unusual Items | 174.62M | 168.93M | 198.32M | 184.27M | 171.13M | 26.45M |
| Gain (Loss) on Sale of Assets | 9.67M | 13.12M | 19.74M | 1.78M | 3.60M | |
| Asset Writedown | -8.04M | -5.72M | -3.06M | -5.64M | -26.18M | -10.75M |
| Pretax Income | 176.25M | 176.32M | 215.01M | 178.62M | 146.75M | 19.30M |
| Income Tax Expense | 980.00K | 959.00K | 947.00K | 1.14M | 1.94M | 468.00K |
| Net Income | 175.27M | 175.36M | 214.06M | 177.49M | 144.81M | 18.83M |
| Net Income to Common | 175.27M | 175.36M | 214.06M | 177.49M | 144.81M | 18.83M |
| Basic Shares Outstanding | 236.43M | 237.79M | 241.26M | 229.33M | 228.95M | 226.36M |
| Diluted Shares Outstanding | 236.43M | 237.79M | 241.26M | 229.33M | 228.95M | 226.36M |
| EPS (Basic) | 0.74 | 0.74 | 0.89 | 0.77 | 0.63 | 0.08 |
| EPS (Diluted) | 0.74 | 0.74 | 0.89 | 0.77 | 0.63 | 0.08 |
| Dividend Per Share | 0.96 | 0.96 | 0.96 | 0.96 | 0.60 | 0.04 |
| Operating Margin | 17.81% | 17.73% | 19.29% | 18.84% | 18.64% | 10.09% |
| Profit Margin | 12.17% | 12.42% | 14.95% | 13.21% | 11.69% | 2.02% |
| EBITDA | 452.89M | 443.45M | 467.08M | 436.75M | 412.96M | 279.07M |
| EBITDA Margin | 31.44% | 31.40% | 32.63% | 32.50% | 33.35% | 29.88% |
| D&A For Ebitda | 196.26M | 193.03M | 191.01M | 183.62M | 182.09M | 184.86M |
| EBIT | 256.63M | 250.41M | 276.07M | 253.12M | 230.87M | 94.20M |
| EBIT Margin | 17.81% | 17.73% | 19.29% | 18.84% | 18.64% | 10.09% |
| Funds From Operations (FFO) | 366.40M | 357.56M | 384.93M | 363.32M | 347.84M | 205.26M |
| Adjusted Funds From Operations (AFFO) | 357.56M | 384.93M | 363.32M | 347.84M | 205.26M | |
| FFO Payout Ratio | 58.70% | 63.91% | 60.18% | 60.54% | 40.10% | 3.31% |
| Effective Tax Rate | 0.56% | 0.54% | 0.44% | 0.64% | 1.32% | 2.43% |
| Revenue as Reported | 1.44B | 1.41B | 1.43B | 1.34B | 1.24B | 933.87M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 4.73B | 4.81B | 4.85B | 4.80B | 4.64B | 4.70B |
| Cash & Equivalents | 10.15M | 8.52M | 10.25M | 10.29M | 4.08M | 3.28M |
| Other Receivables | 71.06M | 33.45M | 35.02M | 36.94M | 43.73M | 40.05M |
| Restricted Cash | 8.79M | 30.90M | 33.81M | 33.33M | 39.44M | 36.67M |
| Other Current Assets | 17.02M | 15.28M | 300.00K | |||
| Trading Asset Securities | 8.68M | 5.77M | 16.45M | 22.74M | 36.88M | 79.00K |
| Deferred Long-Term Charges | 100.00K | 800.00K | 2.10M | 3.50M | 4.80M | 1.00M |
| Other Long-Term Assets | 38.26M | 11.62M | 10.19M | 12.46M | 6.48M | 4.90M |
| Total Assets | 4.86B | 4.90B | 4.97B | 4.94B | 4.77B | 4.79B |
| Current Portion of Long-Term Debt | 228.42M | 266.71M | ||||
| Current Portion of Leases | 7.40M | |||||
| Long-Term Debt | 1.27B | 1.28B | 1.47B | 1.37B | 1.37B | 1.45B |
| Long-Term Leases | 110.79M | 114.15M | 122.55M | 123.34M | 123.86M | 123.79M |
| Accounts Payable | 82.60M | 64.33M | 63.00M | 63.85M | 55.12M | 46.57M |
| Accrued Expenses | 9.00M | 6.70M | 15.00M | 20.90M | 12.50M | 18.50M |
| Other Current Liabilities | 18.90M | 18.90M | 31.20M | 31.40M | 36.60M | |
| Total Liabilities | 1.72B | 1.75B | 1.70B | 1.61B | 1.59B | 1.64B |
| Common Stock | 4.72B | 4.72B | 4.77B | 4.79B | 4.58B | 4.57B |
| Distributions in Excess of Earnings | -1.59B | -1.57B | -1.52B | -1.49B | -1.44B | -1.41B |
| Comprehensive Income & Other | 8.39M | 2.25M | 15.59M | 20.40M | 36.88M | -15.51M |
| Total Common Equity | 3.14B | 3.15B | 3.27B | 3.32B | 3.18B | 3.15B |
| Shareholders' Equity | 3.14B | 3.15B | 3.27B | 3.32B | 3.18B | 3.15B |
| Total Liabilities & Equity | 4.86B | 4.90B | 4.97B | 4.94B | 4.77B | 4.79B |
| Total Debt | 1.61B | 1.66B | 1.59B | 1.50B | 1.49B | 1.58B |
| Net Cash (Debt) | -1.59B | -1.65B | -1.57B | -1.46B | -1.45B | -1.57B |
| Net Cash Per Share | -6.74 | -6.94 | -6.50 | -6.38 | -6.33 | -6.96 |
| Filing Date Shares Outstanding | 236.08M | 235.66M | 239.77M | 241.53M | 228.66M | 228.26M |
| Total Common Shares Outstanding | 236.08M | 235.64M | 239.77M | 241.52M | 228.64M | 228.26M |
| Book Value Per Share | 13.30 | 13.36 | 13.62 | 13.76 | 13.90 | 13.79 |
| Tangible Book Value | 3.14B | 3.15B | 3.27B | 3.32B | 3.18B | 3.15B |
| Tangible Book Value Per Share | 13.30 | 13.36 | 13.62 | 13.76 | 13.90 | 13.79 |
| Land | 839.93M | 841.03M | 839.19M | 828.87M | 802.62M | 794.90M |
| Buildings | 5.15B | 5.14B | 5.06B | 4.92B | 4.66B | 4.58B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 175.27M | 175.36M | 214.06M | 177.49M | 144.81M | 18.83M |
| Depreciation & Amortization | 196.26M | 193.03M | 191.01M | 183.62M | 182.09M | 184.86M |
| Gain (Loss) on Sale of Assets | -9.67M | -13.12M | -19.74M | -1.78M | -3.60M | |
| Asset Writedown | 8.04M | 5.72M | 3.06M | 5.64M | 26.18M | 10.75M |
| Change in Accounts Payable | 14.82M | 203.00K | 6.03M | 22.95M | 14.02M | 14.09M |
| Change in Other Net Operating Assets | -5.21M | 2.44M | 2.98M | 1.01M | -5.12M | -17.27M |
| Other Operating Activities | 6.60M | 6.57M | 7.95M | 8.32M | 8.26M | 9.89M |
| Operating Cash Flow | 386.11M | 370.22M | 405.35M | 399.04M | 368.45M | 217.56M |
| Acquisition of Real Estate Assets | -95.84M | -87.41M | -80.34M | -72.07M | -59.38M | -18.31M |
| Sale of Real Estate Assets | 60.07M | 72.08M | 62.34M | 8.29M | 231.01M | |
| Net Sale / Acq. of Real Estate Assets | -35.76M | -15.34M | -18.00M | -72.07M | -51.08M | 212.70M |
| Cash Acquisition | -101.16M | -120.05M | -197.71M | -292.56M | -84.83M | -363.38M |
| Investing Cash Flow | -136.93M | -135.38M | -215.71M | -364.63M | -135.91M | -150.68M |
| Long-Term Debt Issued | 619.00M | 452.90M | 435.00M | 345.80M | ||
| Long-Term Debt Repaid | -551.24M | -354.62M | -431.55M | -415.80M | -124.57M | |
| Net Debt Issued (Repaid) | -23.31M | 67.76M | 98.28M | 3.45M | -70.00M | -124.57M |
| Issuance of Common Stock | 139.00K | 215.92M | 75.00M | |||
| Repurchase of Common Stock | -18.25M | -62.81M | -42.45M | -14.89M | -9.01M | -3.35M |
| Common Dividends Paid | -215.09M | -228.52M | -231.66M | -219.95M | -139.47M | -6.80M |
| Other Financing Activities | -3.65M | -4.02M | -1.31M | -506.00K | -10.49M | -1.59M |
| Net Cash Flow | -22.88M | -4.65M | 449.00K | 106.00K | 3.56M | 5.58M |
| Levered Free Cash Flow | 360.91M | 302.84M | 311.11M | 311.24M | 325.45M | 202.11M |
| Unlevered Free Cash Flow | 412.16M | 353.77M | 359.71M | 354.28M | 362.78M | 244.45M |
| Cash Interest Paid | 79.94M | 79.76M | 75.56M | 67.83M | 57.72M | 63.15M |
| Cash Income Tax Paid | 1.01M | 1.04M | 876.00K | 1.29M | 1.70M | 637.00K |
| Change in Working Capital | 9.61M | 2.64M | 9.01M | 23.96M | 8.90M | -3.18M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.41B | 2.80B | 3.68B | 3.80B | 3.61B | 3.69B |
| Enterprise Value | 6.00B | 4.37B | 5.28B | 5.21B | 4.98B | 5.15B |
| Last Close Price | 18.52 | 11.26 | 13.51 | 13.68 | 12.18 | 11.89 |
| PE Ratio | 25.33 | 15.99 | 17.20 | 21.41 | 24.93 | 195.87 |
| PS Ratio | 3.04 | 1.99 | 2.57 | 2.83 | 2.92 | 3.95 |
| PB Ratio | 1.39 | 0.89 | 1.13 | 1.14 | 1.14 | 1.17 |
| P/OCF Ratio | 11.34 | 7.57 | 9.09 | 9.52 | 9.80 | 16.95 |
| EV/Sales Ratio | 4.15 | 3.09 | 3.69 | 3.88 | 4.02 | 5.52 |
| EV/EBITDA Ratio | 13.19 | 9.85 | 11.31 | 11.94 | 12.05 | 18.46 |
| EV/EBIT Ratio | 23.27 | 17.45 | 19.14 | 20.59 | 21.55 | 54.69 |
| Debt / Equity Ratio | 0.51 | 0.53 | 0.49 | 0.45 | 0.47 | 0.50 |
| Debt / EBITDA Ratio | 3.55 | 3.74 | 3.40 | 3.41 | 3.59 | 5.62 |
| Net Debt / Equity Ratio | 0.51 | 0.52 | 0.48 | 0.44 | 0.46 | 0.50 |
| Net Debt / EBITDA Ratio | 3.52 | 3.72 | 3.36 | 3.35 | 3.51 | 5.64 |
| Asset Turnover | 0.29 | 0.29 | 0.29 | 0.28 | 0.26 | 0.19 |
| Quick Ratio | 0.27 | 0.13 | 0.56 | 0.60 | 0.81 | 0.67 |
| Current Ratio | 0.29 | 0.22 | 1.03 | 1.02 | 1.19 | 1.24 |
| Return on Equity (ROE) | 5.53% | 5.47% | 6.50% | 5.46% | 4.58% | 0.61% |
| Return on Assets (ROA) | 3.28% | 3.17% | 3.48% | 3.26% | 3.02% | 1.22% |
| Return on Invested Capital (ROIC) | 5.34% | 5.15% | 5.68% | 5.30% | 4.85% | 1.93% |
| Earnings Yield | 3.95% | 6.25% | 5.81% | 4.67% | 4.01% | 0.51% |
| Dividend Yield | 5.14% | 8.07% | 6.25% | 6.10% | 3.80% | 0.25% |
| Payout Ratio | 130.24% | 130.31% | 108.22% | 123.92% | 96.31% | 36.10% |
| Buyback Yield / Dilution | 1.30% | 1.44% | -5.20% | -0.17% | -1.14% | -1.26% |
| Total Shareholder Return | 6.48% | 9.51% | 1.05% | 5.93% | 2.66% | -1.01% |