Apple Hospitality REIT, Inc.
Business
Apple Hospitality REIT, Inc. is a self-advised real estate investment trust that owns and finances income-producing hotel properties primarily in the United States lodging sector. The company owns 217 hotels with approximately 29,583 guest rooms, substantially all operating under Marriott or Hilton brand franchises in upscale and upper-midscale segments. The hotels are located across 37 states and Washington D.C., managed by 16 third-party hotel management companies under separate management agreements with variable or base-plus-incentive fee structures.
Summary from 10-K filed 2026-02-23
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue | 1,412 | 1,431 | 1,344 | 1,238 | 934 | |
| Total hotel operating expense | 847 | 838 | 781 | 710 | 542 | |
| Property taxes, insurance and other | 90 | 84 | 79 | 73 | 72 | |
| General and administrative | 32 | 43 | 47 | 42 | 41 | |
| Impairment of depreciable real estate | 6 | 3 | 6 | 26 | 11 | |
| Depreciation and amortization | 193 | 191 | 183 | 182 | 184 | |
| Total expense | 1,168 | 1,158 | 1,096 | 1,034 | 850 | |
| Gain on sale of real estate | 13 | 20 | 0 | 2 | 4 | |
| Operating income | 258 | 293 | 247 | 206 | 87 | |
| Interest and other expense, net | −81 | −78 | −69 | −60 | −68 | |
| Income before income taxes | 176 | 215 | 179 | 147 | 19 | |
| Income tax expense | −1 | −900,000 | −1 | −2 | −468,000 | |
| Net income | 175 | 214 | 177 | 145 | 19 | |
| Interest rate derivatives | −13 | −5 | −16 | 52 | 27 | |
| Comprehensive income | 162 | 209 | 161 | 197 | 46 | |
| Basic net income per common share | 0.74 | 0.89 | 0.77 | 0.63 | 0.08 | |
| Diluted net income per common share | 0.74 | 0.89 | 0.77 | 0.63 | 0.08 | |
| Weighted average common shares outstanding - basic (in Shares) | 238 | 241 | 229 | 229 | 226 | |
| Weighted average common shares outstanding - diluted (in Shares) | 238 | 241 | 229 | 229 | 226 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Investment in real estate, net of accumulated depreciation and amortization of $1,972,264 and $1,821,344, respectively | 4,788 | 4,821 | 4,777 | 4,611 | 4,677 | |
| Assets held for sale | 0 | 17 | 15 | — | 0 | |
| Cash and cash equivalents | 9 | 10 | 10 | 4 | 3 | |
| Restricted cash-furniture, fixtures and other escrows | 31 | 34 | 33 | 39 | 37 | |
| Due from third party managers, net | 33 | 35 | 36 | 43 | 40 | |
| Other assets, net | 42 | 54 | 65 | 75 | 33 | |
| Total Assets | 4,902 | 4,970 | 4,937 | 4,773 | 4,791 | |
| Debt, net | 1,500 | 1,500 | 1,400 | 1,400 | 1,439 | |
| Finance lease liabilities | 111 | 112 | 112 | 112 | 112 | |
| Accounts payable and other liabilities | 104 | 121 | 130 | 116 | 93 | |
| Total Liabilities | 1,754 | 1,704 | 1,613 | 1,594 | 1,643 | |
| Preferred stock, authorized 30,000,000 shares; none issued and outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, no par value, authorized 800,000,000 shares; issued and outstanding 235,635,813 and 239,765,905 shares, respectively | 4,720 | 4,771 | 4,795 | 4,577 | 4,569 | |
| Accumulated other comprehensive income | 2 | 16 | 20 | 37 | −16 | |
| Accumulated distributions greater than net income | −1,574 | −1,521 | −1,491 | −1,436 | −1,407 | |
| Total Shareholders' Equity | 3,149 | 3,266 | 3,324 | 3,178 | 3,147 | |
| Total Liabilities and Shareholders' Equity | 4,902 | 4,970 | 4,937 | 4,773 | 4,791 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Other non-cash expenses, net | 7 | 8 | 9 | 9 | 10 | |
| Decrease in due from third party managers, net | 2 | 1 | 7 | −3 | −18 | |
| Decrease (increase) in other assets, net | 882,000 | 2 | −6 | −2 | 846,000 | |
| Increase in accounts payable and other liabilities | 203,000 | 6 | 23 | 14 | 14 | |
| Net cash provided by operating activities | 370 | 405 | 399 | 368 | 218 | |
| Acquisition of hotel properties, net | −117 | −197 | −291 | −85 | −362 | |
| Disbursements for potential acquisitions, net | −3 | −349,000 | −1 | — | −893,000 | |
| Capital improvements | −87 | −80 | −72 | −59 | −18 | |
| Net proceeds from sale of real estate | 72 | 62 | 0 | 8 | 231 | |
| Net cash used in investing activities | −135 | −216 | −365 | −136 | −151 | |
| Net (disbursements) proceeds related to issuance of common shares | −504,000 | −483,000 | 216 | −265,000 | 75 | |
| Repurchases of common shares | −58 | −35 | −7 | −3 | — | |
| Common shares surrendered to satisfy employee withholding requirements | −5 | −8 | −8 | −6 | −3 | |
| Distributions paid to common shareholders | −240 | −244 | −238 | −140 | −7 | |
| Proceeds from revolving credit facility | 234 | 408 | 385 | 171 | −30 | |
| Payments on revolving credit facility | −256 | −325 | −385 | −247 | — | |
| Proceeds from term loans and senior notes | 385 | 45 | 50 | 175 | — | |
| Payments on term loans and senior notes | −225 | 0 | 0 | — | — | |
| Payments of mortgage debt and other loans | −70 | −29 | −46 | −169 | −71 | |
| Principal payments on finance leases | −703,000 | −515,000 | −340,000 | −173,000 | −24 | |
| Financing costs | −4 | −823,000 | −506,000 | −10 | −2 | |
| Net cash used in financing activities | −239 | −189 | −34 | −229 | −61 | |
| Net change in cash, cash equivalents and restricted cash | −5 | 449,000 | 106,000 | 4 | 6 | |
| Interest paid, net | 80 | 76 | 68 | 58 | 63 | |
| Income taxes paid | 1 | 876,000 | 1 | 2 | 637,000 | |
| Accrued capital expenditures | 15 | 14 | 16 | 11 | 9 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Apple Hospitality REIT, Inc.'s CIK number?
Apple Hospitality REIT, Inc.'s SEC CIK number is 0001418121 (1418121). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Apple Hospitality REIT, Inc.'s SEC filings?
All of Apple Hospitality REIT, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Apple Hospitality REIT, Inc. last report earnings?
Apple Hospitality REIT, Inc. (APLE) most recently filed an earnings 8-K with the SEC on May 4, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-204022). This is Apple Hospitality REIT, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Apple Hospitality REIT, Inc.'s most recent earnings 8-K?
Apple Hospitality REIT, Inc.'s latest earnings 8-K (Item 2.02) was filed May 4, 2026 under accession 0001193125-26-204022. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Apple Hospitality REIT, Inc.'s latest earnings 8-K →
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