Apple Hospitality REIT, Inc. (APLE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the APLE SEC filings page.
Apple Hospitality REIT, Inc. (APLE) reported $1.4B in revenue over the twelve months to Jun 30, 2026, up 1.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Asset-backed earnings convert to cash, but FY2025 exposes margin compression alongside heavier leverage and capital returns.
In FY2025, operating cash flow reached$370M against$175M of net income, a more-than-twofold conversion that reflects depreciation-heavy property economics rather than cash-poor profits. Yet free cash flow fell from$327M in FY2024 to$282M in FY2025 as reinvestment increased, showing that strong operating cash conversion does not eliminate capital demands.
The margin shape changed after a three-year improvement: net margin eased from
Capital returned through dividends and buybacks totaled
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Apple Hospitality REIT, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Apple Hospitality REIT, Inc. scores 50/100 on it among other REITs.
FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Apple Hospitality REIT, Inc. scores 39/100 on it among other REITs.
Apple Hospitality REIT, Inc.'s net debt of $1.5B, being $1.5B of long-term debt less $8.5M of cash, came to 3.40 times its EBITDA in fiscal year 2025. REITs are ranked here on that debt against their EBITDA, where a lower multiple is the safer one, and Apple Hospitality REIT, Inc. scores 68/100 among other REITs.
Apple Hospitality REIT, Inc.'s operating income of $257.8M covered its interest expense of $81.5M 3.16 times over in fiscal year 2025. The interest coverage axis ranks REITs on operating income against interest owed, and Apple Hospitality REIT, Inc. scores 74/100 among other REITs.
AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Apple Hospitality REIT, Inc. scores 53/100 on it among other REITs.
Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Apple Hospitality REIT, Inc. scores 57/100 on it among other REITs.
Apple Hospitality REIT, Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Apple Hospitality REIT, Inc. generates $2.11 in operating cash flow ($370.2M OCF vs $175.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Apple Hospitality REIT, Inc. earns $3.16 in operating income for every $1 of interest expense ($257.8M vs $81.5M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Apple Hospitality REIT, Inc. generated $402.6M in revenue in Q2 2026. This represents an increase of 4.7% from the same quarter a year earlier. Against the prior quarter it is up 19.2%.
Apple Hospitality REIT, Inc.'s EBITDA was $137.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 3.7% from the same quarter a year earlier. Against the prior quarter it is up 41.3%.
Apple Hospitality REIT, Inc. reported $67.1M in net income in Q2 2026. This represents an increase of 5.4% from the same quarter a year earlier. Against the prior quarter it is up 142.2%.
Apple Hospitality REIT, Inc. earned $0.28 per diluted share (EPS) in Q2 2026. This represents an increase of 3.7% from the same quarter a year earlier. Against the prior quarter it is up 133.3%.
Cash & Balance Sheet
Apple Hospitality REIT, Inc. generated $112.7M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 17.1% from the same quarter a year earlier. Against the prior quarter it is up 427.5%.
Apple Hospitality REIT, Inc. held $10.2M in cash against $1.5B in long-term debt as of Q2 2026.
Apple Hospitality REIT, Inc. paid $0.24 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Apple Hospitality REIT, Inc.'s gross margin was 43.5% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.7 percentage points.
Apple Hospitality REIT, Inc.'s operating margin was 21.9% in Q2 2026, reflecting core business profitability. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.7 percentage points.
Apple Hospitality REIT, Inc.'s net profit margin was 16.7% in Q2 2026, showing the share of revenue converted to profit. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.5 percentage points.
Apple Hospitality REIT, Inc.'s ROE was 2.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.
Capital Allocation
Apple Hospitality REIT, Inc. repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier.
Apple Hospitality REIT, Inc. invested $12.3M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 2.4% from the same quarter a year earlier. Against the prior quarter it is down 55.3%.
Not reported for Q2 2026.
APLE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $402.6M+4.7% | $337.7M+3.1% | $326.4M-2.0% | $373.9M-1.3% | $384.4M-1.5% | $327.7M-0.5% | $333.0M+6.6% | $378.8M+5.7% |
| Cost of Revenue | $227.6M+3.2% | $206.9M+3.5% | $204.9M+0.3% | $222.0M+0.9% | $220.6M+2.0% | $199.9M+1.3% | $204.4M+6.8% | $219.9M+8.0% |
| Gross Profit | $175.0M+6.8% | $130.8M+2.3% | $121.5M-5.6% | $151.9M-4.4% | $163.8M-5.7% | $127.8M-3.3% | $128.7M+6.2% | $158.9M+2.8% |
| SG&A Expenses | $13.2M+63.2% | $10.8M+17.0% | $7.5M-36.1% | $7.5M-18.1% | $8.1M-27.1% | $9.2M-12.8% | $11.7M-8.3% | $9.2M-17.1% |
| Operating Income | $88.2M+3.9% | $48.0M-5.6% | $49.6M-0.6% | $72.5M-6.7% | $84.9M-9.3% | $50.9M-29.0% | $49.9M+28.3% | $77.7M+1.9% |
| EBITDA | $137.8M+3.7% | $97.5M-1.3% | $98.2M+0.3% | $120.6M-4.2% | $132.9M-5.9% | $98.8M-16.6% | $97.8M+15.4% | $125.9M+3.3% |
| Interest Expense | -$20.8M+0.7% | -$20.1M-3.5% | -$19.7M+0.5% | -$21.4M-0.7% | -$21.0M-8.2% | -$19.4M-12.1% | -$19.9M-11.0% | -$21.2M-21.4% |
| Income Tax | $260K+8.3% | $242K+0.4% | $236K+0.9% | $242K-0.4% | $240K+12.1% | $241K-5.9% | $234K-10.3% | $243K-22.4% |
| Net Income | $67.1M+5.4% | $27.7M-11.3% | $29.6M-0.7% | $50.9M-9.6% | $63.6M-13.9% | $31.2M-42.2% | $29.8M+43.6% | $56.3M-3.8% |
| EPS (Basic) | $0.28+3.7% | $0.12-7.7% | $0.130.0% | $0.21-8.7% | $0.27-12.9% | $0.13-40.9% | $0.13+44.4% | $0.23-11.5% |
| EPS (Diluted) | $0.28+3.7% | $0.12-7.7% | $0.130.0% | $0.21-8.7% | $0.27-12.9% | $0.13-40.9% | $0.13+44.4% | $0.23-11.5% |
| Diluted Shares (Avg) | 236M-0.6% | 236M-1.6% | N/A | 237M-1.4% | 238M-1.9% | 240M-1.0% | N/A | 241M+5.1% |
Not reported in any period shown, so not listed: R&D Expenses.
APLE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.9B-1.3% | $4.9B-1.1% | $4.9B-1.4% | $4.9B-2.2% | $4.9B-2.9% | $4.9B-1.7% | $5.0B+0.7% | $5.0B+5.4% |
| Cash & Equivalents | $10.2M+28.6% | $7.8M-47.5% | $8.5M-17.0% | $50.3M+718.1% | $7.9M+9.3% | $14.9M+201.8% | $10.3M-0.3% | $6.1M-82.6% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.7B-0.4% | $1.8B+1.9% | $1.8B+2.9% | $1.7B-0.1% | $1.7B-0.7% | $1.7B+2.2% | $1.7B+5.6% | $1.7B+8.5% |
| Long-Term Debt | $1.5B-1.5% | $1.6B+2.0% | $1.5B+4.6% | $1.5B+0.5% | $1.5B-0.7% | $1.5B+2.3% | $1.5B+7.3% | $1.5B+9.3% |
| Total Equity | $3.1B-1.8% | $3.1B-2.7% | $3.1B-3.6% | $3.2B-3.2% | $3.2B-4.0% | $3.2B-3.6% | $3.3B-1.7% | $3.3B+3.9% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Retained Earnings.
APLE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $125.0M+14.9% | $48.9M-0.6% | $85.8M-9.8% | $126.4M-1.4% | $108.8M-14.5% | $49.1M-10.1% | $95.2M-1.7% | $128.2M-2.6% |
| Depreciation & Amortization | $49.7M+3.4% | $49.5M+3.3% | $48.6M+1.3% | $48.1M-0.1% | $48.0M+0.6% | $47.9M+2.4% | $47.9M+4.5% | $48.1M+5.8% |
| Capital Expenditures | $12.3M-2.4% | $27.5M+40.3% | $38.6M+26.1% | $17.4M+15.2% | $12.6M+2.4% | $19.6M-3.4% | $30.6M | $15.1M |
| Free Cash Flow | $112.7M+17.1% | $21.4M-27.7% | $47.2M-26.9% | $109.0M-3.6% | $96.2M-16.4% | $29.5M-14.0% | $64.6M | $113.1M |
| Investing Cash Flow | -$5.6M+82.9% | -$35.8M-405.6% | -$90.3M-7882.9% | -$5.3M+63.9% | -$32.7M+61.6% | -$7.1M+93.9% | $1.2M+100.4% | -$14.6M+22.9% |
| Financing Cash Flow | -$121.2M-43.7% | -$31.7M+12.0% | -$41.5M+54.4% | -$77.6M+31.5% | -$84.3M-121.4% | -$36.0M-167.6% | -$91.0M-158.3% | -$113.3M-38.7% |
| Dividends Paid | $56.6M-0.9% | $56.6M-18.7% | $56.9M-1.5% | $56.8M-1.6% | $57.1M-1.6% | $69.6M-0.8% | $57.8M+4.9% | $57.7M+5.3% |
| Share Buybacks | $0-100.0% | $0-100.0% | $13.1M | $2.0M-89.4% | $16.9M+9.1% | $26.3M | $0 | $19.2M+39034.7% |
Not reported in any period shown, so not listed: Stock-Based Compensation.
APLE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.5%+0.8pp | 38.7%-0.3pp | 37.2%-1.4pp | 40.6%-1.3pp | 42.6%-1.9pp | 39.0%-1.1pp | 38.6%-0.1pp | 41.9%-1.2pp |
| Operating Margin | 21.9%-0.2pp | 14.2%-1.3pp | 15.2%+0.2pp | 19.4%-1.1pp | 22.1%-1.9pp | 15.5%-6.2pp | 15.0%+2.5pp | 20.5%-0.8pp |
| Net Margin | 16.7%+0.1pp | 8.2%-1.3pp | 9.1%+0.1pp | 13.6%-1.2pp | 16.6%-2.4pp | 9.5%-6.9pp | 8.9%+2.3pp | 14.8%-1.5pp |
| Return on Equity | 2.1%+0.1pp | 0.9%-0.1pp | 0.9%0.0pp | 1.6%-0.1pp | 2.0%-0.2pp | 1.0%-0.6pp | 0.9%+0.3pp | 1.7%-0.1pp |
| Return on Assets | 1.4%+0.1pp | 0.6%-0.1pp | 0.6%0.0pp | 1.0%-0.1pp | 1.3%-0.2pp | 0.6%-0.4pp | 0.6%+0.2pp | 1.1%-0.1pp |
| Debt-to-Equity | 0.480.0x | 0.500.0x | 0.490.0x | 0.470.0x | 0.480.0x | 0.480.0x | 0.450.0x | 0.460.0x |
| Asset Turnover | 0.080.0x | 0.070.0x | 0.070.0x | 0.080.0x | 0.080.0x | 0.070.0x | 0.070.0x | 0.080.0x |
| FCF Margin | 28.0%+3.0pp | 6.3%-2.7pp | 14.5%-4.9pp | 29.2%-0.7pp | 25.0%-4.4pp | 9.0%-1.4pp | 19.4% | 29.8% |
Not reported in any period shown, so not listed: Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Apple Hospitality REIT, Inc. APLE | FY2025 | $1.4B | $175.4M | 12.4% | $3.7B | 57/100 |
| Park Hotels & Resorts Inc. PK | FY2025 | $2.5B | -$283.0M | -11.1% | $3.1B | 16/100 |
| Ryman Hospitality Properties, Inc RHP | FY2025 | $2.6B | $243.4M | 9.4% | $8.4B | 43/100 |
| Diamondrock Hospitality Company DRH | FY2025 | $1.1B | $101.4M | 9.0% | $2.5B | 0/100 |
| Sunstone Hotel Investors, Inc. SHO | FY2025 | $960.1M | $24.6M | 2.6% | $2.0B | 28/100 |
| Xenia Hotels & Resorts, Inc. XHR | FY2025 | $1.1B | $63.1M | 5.9% | $1.6B | 50/100 |
Where Apple Hospitality REIT, Inc. Ranks
Frequently Asked Questions
What is Apple Hospitality REIT, Inc.'s annual revenue?
Apple Hospitality REIT, Inc. (APLE) reported $1.4B in total revenue for fiscal year 2025. This represents a -1.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Apple Hospitality REIT, Inc.'s revenue growing?
Apple Hospitality REIT, Inc. (APLE) revenue declined by 1.3% year-over-year, from $1.4B to $1.4B in fiscal year 2025.
Is Apple Hospitality REIT, Inc. profitable?
Yes, Apple Hospitality REIT, Inc. (APLE) reported a net income of $175.4M in fiscal year 2025, with a net profit margin of 12.4%.
What is Apple Hospitality REIT, Inc.'s EBITDA?
Apple Hospitality REIT, Inc. (APLE) had EBITDA of $450.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Apple Hospitality REIT, Inc. have?
As of fiscal year 2025, Apple Hospitality REIT, Inc. (APLE) had $8.5M in cash and equivalents against $1.5B in long-term debt.
What is Apple Hospitality REIT, Inc.'s gross margin?
Apple Hospitality REIT, Inc. (APLE) had a gross margin of 40.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Apple Hospitality REIT, Inc.'s operating margin?
Apple Hospitality REIT, Inc. (APLE) had an operating margin of 18.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Apple Hospitality REIT, Inc.'s net profit margin?
Apple Hospitality REIT, Inc. (APLE) had a net profit margin of 12.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Apple Hospitality REIT, Inc. pay dividends?
Yes, Apple Hospitality REIT, Inc. (APLE) paid $0.96 per share in dividends during fiscal year 2025.
What is Apple Hospitality REIT, Inc.'s return on equity (ROE)?
Apple Hospitality REIT, Inc. (APLE) has a return on equity of 5.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Apple Hospitality REIT, Inc.'s free cash flow?
Apple Hospitality REIT, Inc. (APLE) generated $282.0M in free cash flow during fiscal year 2025. This represents a -13.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Apple Hospitality REIT, Inc.'s operating cash flow?
Apple Hospitality REIT, Inc. (APLE) generated $370.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Apple Hospitality REIT, Inc.'s total assets?
Apple Hospitality REIT, Inc. (APLE) had $4.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Apple Hospitality REIT, Inc.'s capital expenditures?
Apple Hospitality REIT, Inc. (APLE) invested $88.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Apple Hospitality REIT, Inc.'s debt-to-equity ratio?
Apple Hospitality REIT, Inc. (APLE) had a debt-to-equity ratio of 0.49 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Apple Hospitality REIT, Inc.'s return on assets (ROA)?
Apple Hospitality REIT, Inc. (APLE) had a return on assets of 3.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Apple Hospitality REIT, Inc.'s P/E ratio?
Apple Hospitality REIT, Inc. (APLE) trades at 20.9x earnings, its market capitalization divided by net income of $175.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $3.7B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Apple Hospitality REIT, Inc.'s price-to-sales ratio?
Apple Hospitality REIT, Inc. (APLE) trades at 2.5x sales, its market capitalization divided by revenue of $1.4B revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.7B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Apple Hospitality REIT, Inc.'s Piotroski F-Score?
Apple Hospitality REIT, Inc. (APLE) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Apple Hospitality REIT, Inc.'s earnings high quality?
Apple Hospitality REIT, Inc. (APLE) has an earnings quality ratio of 2.11x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Apple Hospitality REIT, Inc. cover its interest payments?
Apple Hospitality REIT, Inc. (APLE) has an interest coverage ratio of 3.16x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Apple Hospitality REIT, Inc.?
Apple Hospitality REIT, Inc. (APLE) scores 57 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.