Apple Hospitality REIT, Inc.

APLE

Real EstateMid CapUS Equities · NYSE / NASDAQ

AI Agents

Company Profile

Apple Hospitality REIT, Inc. is a publicly traded real estate investment trust that owns largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 217 hotels with approximately 29,600 guest rooms located in 84 markets throughout 37 states and the District of Columbia. Concentrating with industry-leading brands, the Company's hotel portfolio consists of 96 Marriott-branded hotels, 115 Hilton-branded hotels, five Hyatt-branded hotels and one independent hotel. Apple Hospitality REIT, Inc. was established on November 08, 2007 and incorporated in Virginia.

Valuation

Market Cap$3.7B

Current Price$16.73as of Jun 23, 2026

P/E Ratio21.09

P/B Ratio1.17

EV / EBITDA11.86

EV / Sales3.78

Profitability

Operating Margin17.7%

Net Profit Margin12.4%

EBITDA Margin31.9%

Returns

ROE5.6%

ROCE5.3%

ROIC %-

ROA3.6%

Solvency

Current Ratio0.44

Debt / Equity0.52

Debt / Assets0.34

CFO / Net Profit2.11

Price History▲ 42.63% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$1.4B▼ 1.3%

EBITDA$450M▼ 6.8%

Net Profit$175M▼ 18.1%

Cash from Ops (CFO)$370M▼ 8.7%

Free Cash Flow (FCF)$283M▼ 13.0%

Revenue CAGR 3Y4.5%

Revenue CAGR 5Y-

Net Profit CAGR 3Y6.6%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$1.4B	$450M	$175M	$283M	5.6%	-1.3%	-18.1%
2024	$1.4B	$483M	$214M	$325M	6.6%	6.5%	20.6%
2023	$1.3B	$431M	$177M	$327M	5.3%	8.5%	22.6%
2022	$1.2B	$388M	$145M	$309M	4.6%	-	-
2021	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	1,238.42	1,343.80	1,431.47	1,412.39
Operating Revenue	-	1,185.45	1,283.13	1,364.33	1,344.10
Cost Of Revenue	-	783.39	860.03	922.25	937.05
Gross Profit	-	455.03	483.77	509.22	475.33
Operating Expense	-	224.16	230.64	233.14	224.92
Selling General And Administration	-	42.46	47.40	42.54	32.29
Total Expenses	-	1,007.55	1,090.68	1,155.40	1,161.97
Operating Income	-	230.87	253.12	276.07	250.41
Total Operating Income As Reported	-	206.48	247.48	292.76	257.80
EBITDA	-	388.18	430.72	483.36	450.43
Normalized EBITDA	-	412.56	436.37	466.67	443.04
EBIT	-	206.48	247.48	292.76	257.80
Interest Expense	-	59.73	68.86	77.75	81.48
Net Interest Income	-	-59.73	-68.86	-77.75	-81.48
Other Income Expense	-	-24.39	-5.64	16.69	7.39
Interest Expense Non Operating	-	59.73	68.86	77.75	81.48
Net Non Operating Interest Income Expense	-	-59.73	-68.86	-77.75	-81.48
Pretax Income	-	146.74	178.62	215.01	176.32
Tax Provision	-	1.94	1.14	0.95	0.96
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	-0.32	-0.06	0	0.07
Net Income Continuous Operations	-	144.80	177.49	214.06	175.36
Net Income From Continuing And Discontinued Operation	-	144.80	177.49	214.06	175.36
Net Income From Continuing Operation Net Minority Interest	-	144.80	177.49	214.06	175.36
Net Income	-	144.80	177.49	214.06	175.36
Net Income Common Stockholders	-	144.80	177.49	214.06	175.36
Net Income Including Noncontrolling Interests	-	144.80	177.49	214.06	175.36
Normalized Income	-	168.87	183.08	197.38	168.05
Diluted NI Availto Com Stockholders	-	144.80	177.49	214.06	175.36
Basic Average Shares	-	228.95	229.33	241.26	237.79
Diluted Average Shares	-	228.95	229.33	241.26	237.79
Reconciled Depreciation	-	181.70	183.24	190.60	192.63
Reconciled Cost Of Revenue	-	783.39	860.03	922.25	937.05
Total Unusual Items	-	-24.39	-5.64	16.69	7.39
Total Unusual Items Excluding Goodwill	-	-24.39	-5.64	16.69	7.39
Special Income Charges	-	-26.18	-5.64	-3.06	-5.72
Impairment Of Capital Assets	-	26.18	5.64	3.06	5.72
Gain On Sale Of Security	3.60	1.78	-	19.74	13.12
Depreciation Amortization Depletion Income Statement	-	181.70	183.24	190.60	192.63
Depreciation And Amortization In Income Statement	-	181.70	183.24	190.60	192.63
General And Administrative Expense	-	42.46	47.40	42.54	32.29
Other Gand A	-	42.46	47.40	42.54	32.29

Peer Comparison

Real Estate sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Apple Hospitality REIT, Inc.this co.	APLE	$3.7B	21.09↓ discount	1.17	5.6%	11.86
Tanger Inc.	SKT	$4.2B	36.39	5.91	16.2%	17.38
Broadstone Net Lease, Inc.	BNL	$4.0B	41.92	1.39	3.3%	18.16
The St. Joe Company	JOE	$3.7B	32.30	4.87	15.1%	17.92
SL Green Realty Corp.	SLG	$3.6B

Learn while you research

Hand-picked academy chapters to deepen your understanding of Apple Hospitality REIT, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Sectors & Industries

Loading…

Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$1.4B

$450M

$175M

$283M

5.6%

-1.3%

-18.1%

2024

$1.4B

$483M

$214M

$325M

6.6%

6.5%

20.6%

2023

$1.3B

$431M

$177M

$327M

5.3%

8.5%

22.6%

2022

$1.2B

$388M

$145M

$309M

4.6%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

1,238.42

1,343.80

1,431.47

1,412.39

Operating Revenue

1,185.45

1,283.13

1,364.33

1,344.10

Cost Of Revenue

783.39

860.03

922.25

937.05

Gross Profit

455.03

483.77

509.22

475.33

Operating Expense

224.16

230.64

233.14

224.92

Selling General And Administration

42.46

47.40

42.54

32.29

Total Expenses

1,007.55

1,090.68

1,155.40

1,161.97

Operating Income

230.87

253.12

276.07

250.41

Total Operating Income As Reported

206.48

247.48

292.76

257.80

EBITDA

388.18

430.72

483.36

450.43

Normalized EBITDA

412.56

436.37

466.67

443.04

EBIT

206.48

247.48

292.76

257.80

Interest Expense

59.73

68.86

77.75

81.48

Net Interest Income

-59.73

-68.86

-77.75

-81.48

Other Income Expense

-24.39

-5.64

16.69

7.39

Interest Expense Non Operating

59.73

68.86

77.75

81.48

Net Non Operating Interest Income Expense

-59.73

-68.86

-77.75

-81.48

Pretax Income

146.74

178.62

215.01

176.32

Tax Provision

1.94

1.14

0.95

0.96

Tax Rate For Calcs

Tax Effect Of Unusual Items

-0.32

-0.06

0.07

Net Income Continuous Operations

144.80

177.49

214.06

175.36

Net Income From Continuing And Discontinued Operation

144.80

177.49

214.06

175.36

Net Income From Continuing Operation Net Minority Interest

144.80

177.49

214.06

175.36

Net Income

144.80

177.49

214.06

175.36

Net Income Common Stockholders

144.80

177.49

214.06

175.36

Net Income Including Noncontrolling Interests

144.80

177.49

214.06

175.36

Normalized Income

168.87

183.08

197.38

168.05

Diluted NI Availto Com Stockholders

144.80

177.49

214.06

175.36

Basic Average Shares

228.95

229.33

241.26

237.79

Diluted Average Shares

228.95

229.33

241.26

237.79

Reconciled Depreciation

181.70

183.24

190.60

192.63

Reconciled Cost Of Revenue

783.39

860.03

922.25

937.05

Total Unusual Items

-24.39

-5.64

16.69

7.39

Total Unusual Items Excluding Goodwill

-24.39

-5.64

16.69

7.39

Special Income Charges

-26.18

-5.64

-3.06

-5.72

Impairment Of Capital Assets

26.18

5.64

3.06

5.72

Gain On Sale Of Security

3.60

1.78

19.74

13.12

Depreciation Amortization Depletion Income Statement

181.70

183.24

190.60

192.63

Depreciation And Amortization In Income Statement

181.70

183.24

190.60

192.63

General And Administrative Expense

42.46

47.40

42.54

32.29

Other Gand A

42.46

47.40

42.54

32.29

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Apple Hospitality REIT, Inc.this co.

APLE

$3.7B

21.09↓ discount

1.17

5.6%

11.86

Tanger Inc.

SKT

$4.2B

36.39

5.91

16.2%

17.38

Broadstone Net Lease, Inc.

BNL

$4.0B

41.92

1.39

3.3%

18.16

The St. Joe Company

JOE

$3.7B

32.30

4.87

15.1%

17.92

SL Green Realty Corp.

SLG

$3.6B

Apple Hospitality REIT, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Apple Hospitality REIT, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on