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Apple Hospitality REIT (APLE) Financials

Apple Hospitality REIT logo
$11.49 -0.01 (-0.06%)
As of 10:25 AM Eastern
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Annual Income Statements for Apple Hospitality REIT

Annual Income Statements for Apple Hospitality REIT

This table shows Apple Hospitality REIT's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
117 145 182 206 172 -173 19 145 177 214
Consolidated Net Income / (Loss)
117 145 182 206 172 -173 19 145 177 214
Net Income / (Loss) Continuing Operations
117 145 182 206 172 -173 19 145 177 214
Total Pre-Tax Income
118 145 183 207 173 -173 19 147 179 215
Total Revenue
914 1,041 1,255 1,271 1,272 613 937 1,240 1,344 1,451
Net Interest Income / (Expense)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Income
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income
914 1,041 1,255 1,271 1,272 613 937 1,240 1,344 1,451
Net Realized & Unrealized Capital Gains on Investments
15 -0.15 16 0.15 5.02 11 3.60 1.79 0.00 20
Other Non-Interest Income
822 1,041 1,239 1,271 1,267 602 934 1,238 1,344 1,431
Total Non-Interest Expense
795 896 1,072 1,064 1,099 786 918 1,093 1,165 1,236
Net Occupancy & Equipment Expense
375 593 709 727 724 402 542 710 781 838
Other Operating Expenses
177 149 140 150 175 178 181 175 196 205
Depreciation Expense
127 148 176 183 193 200 184 182 183 191
Impairment Charge
45 5.47 46 3.14 6.47 5.10 11 26 5.64 3.06
Income Tax Expense
0.90 0.43 0.85 0.59 0.68 0.33 0.47 1.94 1.14 0.95
Basic Earnings per Share
$0.65 $0.76 $0.82 $0.90 $0.77 ($0.77) $0.08 $0.63 $0.77 $0.89
Weighted Average Basic Shares Outstanding
180.26M 190.86M 223.53M 229.66M 223.91M 223.54M 226.36M 228.95M 229.33M 241.26M
Diluted Earnings per Share
$0.65 $0.76 $0.82 $0.90 $0.77 ($0.77) $0.08 $0.63 $0.77 $0.89
Weighted Average Diluted Shares Outstanding
180.26M 190.86M 223.53M 229.66M 223.91M 223.54M 226.36M 228.95M 229.33M 241.26M
Weighted Average Basic & Diluted Shares Outstanding
180.26M 190.86M 223.53M 229.66M 223.91M 223.54M 226.36M 228.66M 241.53M 239.77M
Cash Dividends to Common per Share
$1.27 $1.20 $1.20 $1.20 $1.20 $0.30 $0.03 $0.61 $1.04 $1.01

Quarterly Income Statements for Apple Hospitality REIT

This table shows Apple Hospitality REIT's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
59 2.31 33 65 59 21 54 74 56 30
Consolidated Net Income / (Loss)
59 2.31 33 65 59 21 54 74 56 30
Net Income / (Loss) Continuing Operations
59 2.31 33 65 59 21 54 74 56 30
Total Pre-Tax Income
60 2.54 33 66 59 21 54 74 57 30
Total Revenue
343 299 311 362 358 312 347 391 379 335
Total Non-Interest Income
343 299 311 362 358 312 347 391 379 335
Net Realized & Unrealized Capital Gains on Investments
1.79 - 0.00 0.00 0.00 - 18 0.45 0.00 1.53
Other Non-Interest Income
341 299 311 362 358 312 330 390 379 333
Total Non-Interest Expense
282 297 278 296 299 291 293 316 322 305
Net Occupancy & Equipment Expense
193 181 185 201 204 191 197 216 220 204
Other Operating Expenses
44 44 47 50 50 49 49 52 51 52
Depreciation Expense
45 46 46 46 45 46 47 48 48 48
Impairment Charge
0.00 26 0.00 0.00 0.00 5.64 0.00 0.00 2.90 0.16
Income Tax Expense
1.33 0.23 0.32 0.24 0.31 0.26 0.26 0.21 0.24 0.23
Basic Earnings per Share
$0.26 - $0.14 $0.29 $0.26 $0.08 $0.22 $0.31 $0.23 $0.13
Weighted Average Basic Shares Outstanding
228.99M 228.95M 229.40M 229.04M 228.88M 229.33M 242.41M 242.17M 240.50M 241.26M
Diluted Earnings per Share
$0.26 - $0.14 $0.29 $0.26 $0.08 $0.22 $0.31 $0.23 $0.13
Weighted Average Diluted Shares Outstanding
228.99M 228.95M 229.40M 229.04M 228.88M 229.33M 242.41M 242.17M 240.50M 241.26M
Weighted Average Basic & Diluted Shares Outstanding
228.75M 228.66M 229.01M 228.80M 228.81M 241.53M 242.35M 240.74M 239.93M 239.77M

Annual Cash Flow Statements for Apple Hospitality REIT

This table details how cash moves in and out of Apple Hospitality REIT's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
0.00 6.77 0.37 3.84 1.03 -0.29 5.58 3.56 0.11 0.45
Net Cash From Operating Activities
281 331 384 405 382 27 218 368 399 405
Net Cash From Continuing Operating Activities
281 331 384 405 382 27 218 368 399 405
Net Income / (Loss) Continuing Operations
117 145 182 206 172 -173 19 145 177 214
Consolidated Net Income / (Loss)
117 145 182 206 172 -173 19 145 177 214
Depreciation Expense
127 148 176 183 193 200 184 182 183 191
Non-Cash Adjustments to Reconcile Net Income
36 12 37 11 5.97 3.10 17 33 14 -8.33
Changes in Operating Assets and Liabilities, net
0.59 26 -12 4.29 11 -2.95 -3.18 8.90 24 9.01
Net Cash From Investing Activities
-82 -162 -158 -210 -14 -82 -151 -136 -365 -216
Net Cash From Continuing Investing Activities
-82 -162 -158 -210 -14 -82 -151 -136 -365 -216
Purchase of Property, Leasehold Improvements and Equipment
-62 -65 -63 -74 -75 -49 -18 -59 -72 -80
Acquisitions
-0.56 -0.51 -1.36 - - - -0.89 0.00 -1.18 -0.35
Purchase of Investment Securities
-233 -106 -163 -151 -59 -89 -362 -85 -291 -197
Sale and/or Maturity of Investments
205 9.76 69 15 121 54 231 8.29 0.00 62
Net Cash From Financing Activities
-199 -162 -225 -191 -366 55 -61 -229 -34 -189
Net Cash From Continuing Financing Activities
-199 -162 -225 -191 -366 55 -61 -229 -34 -189
Issuance of Debt
463 288 115 888 -58 186 -30 346 435 453
Issuance of Common Equity
0.00 -1.21 133 4.68 0.00 -0.38 75 -0.27 216 -0.48
Repayment of Debt
-188 -208 -203 -695 -34 -44 -95 -416 -432 -354
Repurchase of Common Equity
-238 -7.87 0.00 -104 -4.34 -14 0.00 -2.68 -6.88 -35
Payment of Dividends
-229 -229 -268 -276 -269 -67 -6.80 -139 -238 -244
Other Financing Activities, Net
-7.06 -4.47 -2.51 -8.53 -1.61 -4.82 -4.93 -17 -8.51 -9.13
Cash Interest Paid
35 42 47 50 60 64 63 58 68 76
Cash Income Taxes Paid
1.02 1.10 0.88 0.89 0.79 0.98 0.64 1.70 1.29 0.88

Quarterly Cash Flow Statements for Apple Hospitality REIT

This table details how cash moves in and out of Apple Hospitality REIT's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
17 -21 -4.73 -0.60 31 -25 -9.04 3.94 0.20 5.35
Net Cash From Operating Activities
121 95 52 119 132 97 55 127 128 95
Net Cash From Continuing Operating Activities
121 95 52 119 132 97 55 127 128 95
Net Income / (Loss) Continuing Operations
59 2.31 33 65 59 21 54 74 56 30
Consolidated Net Income / (Loss)
59 2.31 33 65 59 21 54 74 56 30
Depreciation Expense
45 46 46 46 45 46 47 48 48 48
Non-Cash Adjustments to Reconcile Net Income
0.47 28 2.01 2.15 2.45 7.74 -16 1.69 4.96 0.70
Changes in Operating Assets and Liabilities, net
16 19 -29 5.44 25 23 -31 3.97 19 17
Net Cash From Investing Activities
-3.21 -108 -25 -43 -19 -279 -117 -85 -15 1.16
Net Cash From Continuing Investing Activities
-3.21 -108 -25 -43 -19 -279 -117 -85 -15 1.16
Purchase of Property, Leasehold Improvements and Equipment
-9.90 -24 -24 -11 -14 -23 -31 -14 -15 -21
Acquisitions
-1.60 1.60 -0.68 -0.39 -4.71 4.60 -0.42 0.42 - -0.35
Purchase of Investment Securities
- -85 0.00 -31 -0.03 -260 -118 -79 -0.06 -0.02
Sale and/or Maturity of Investments
8.29 - 0.00 - - - 33 6.95 - 22
Net Cash From Financing Activities
-101 -8.45 -32 -77 -82 156 53 -38 -113 -91
Net Cash From Continuing Financing Activities
-101 -8.45 -32 -77 -82 156 53 -38 -113 -91
Issuance of Debt
60 221 163 54 - 219 180 143 83 47
Issuance of Common Equity
- -0.27 0.00 - - 216 0.00 - - -0.48
Repayment of Debt
-110 -174 -112 -73 -26 -221 -52 -107 -118 -77
Payment of Dividends
-39 -53 -73 -55 -55 -55 -70 -58 -58 -58
Other Financing Activities, Net
-10 -1.59 -5.76 -0.04 -0.53 -2.19 -5.32 -0.29 -1.05 -2.48
Cash Interest Paid
14 15 16 17 17 18 17 19 20 19
Cash Income Taxes Paid
- - - - 0.02 0.28 - - 0.04 0.10

Annual Balance Sheets for Apple Hospitality REIT

This table presents Apple Hospitality REIT's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets
3,723 4,980 4,902 4,929 4,942 4,830 4,791 4,773 4,937 4,970
Cash and Due from Banks
- - - - 0.00 5.56 3.28 4.08 10 10
Restricted Cash
23 29 30 34 35 29 37 39 33 34
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Customer and Other Receivables
25 31 31 29 27 22 40 43 36 35
Premises and Equipment, Net
3,642 4,823 4,793 4,816 4,826 4,733 4,677 4,611 4,777 4,821
Other Assets
34 96 48 50 55 40 33 75 80 71
Total Liabilities & Shareholders' Equity
3,723 4,980 4,902 4,929 4,942 4,830 4,791 4,773 4,937 4,970
Total Liabilities
1,076 1,463 1,331 1,520 1,651 1,800 1,643 1,594 1,613 1,704
Other Short-Term Payables
- - - 107 114 98 93 116 130 121
Long-Term Debt
883 1,068 1,222 1,412 1,320 1,483 1,439 1,366 1,371 1,471
Other Long-Term Liabilities
78 125 109 0.00 217 220 112 112 112 112
Total Equity & Noncontrolling Interests
2,647 3,517 3,571 3,409 3,291 3,029 3,147 3,178 3,324 3,266
Total Preferred & Common Equity
2,647 3,517 3,571 3,409 3,291 3,029 3,147 3,178 3,324 3,266
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
2,647 3,517 3,571 3,409 3,291 3,029 3,147 3,178 3,324 3,266
Common Stock
3,501 4,453 4,588 4,495 4,494 4,488 4,569 4,577 4,795 4,771
Accumulated Other Comprehensive Income / (Loss)
-2.06 4.59 9.78 10 -4.70 -43 -16 37 20 16
Other Equity Adjustments
-851 -941 -1,027 -1,096 -1,198 -1,416 -1,407 -1,436 -1,491 -1,521

Quarterly Balance Sheets for Apple Hospitality REIT

This table presents Apple Hospitality REIT's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
4,778 4,761 4,767 4,764 5,032 5,075 5,022
Cash and Due from Banks
26 6.09 6.42 35 4.94 7.22 6.15
Restricted Cash
39 33 32 34 30 31 33
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Customer and Other Receivables
65 71 67 61 63 63 57
Premises and Equipment, Net
4,567 4,583 4,580 4,549 4,871 4,912 4,873
Other Assets
81 68 82 85 63 62 53
Total Liabilities & Shareholders' Equity
4,778 4,761 4,767 4,764 5,032 5,075 5,022
Total Liabilities
1,525 1,608 1,599 1,590 1,698 1,742 1,725
Other Short-Term Payables
94 79 88 105 86 94 112
Long-Term Debt
1,318 1,418 1,399 1,373 1,501 1,537 1,501
Other Long-Term Liabilities
112 112 112 112 112 112 112
Total Equity & Noncontrolling Interests
3,253 3,153 3,168 3,174 3,334 3,333 3,297
Total Preferred & Common Equity
3,253 3,153 3,168 3,174 3,334 3,333 3,297
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
3,253 3,153 3,168 3,174 3,334 3,333 3,297
Common Stock
4,579 4,582 4,579 4,580 4,806 4,791 4,773
Accumulated Other Comprehensive Income / (Loss)
38 29 36 37 24 21 4.79
Other Equity Adjustments
-1,365 -1,458 -1,447 -1,444 -1,495 -1,479 -1,481

Annual Metrics and Ratios for Apple Hospitality REIT

This table displays calculated financial ratios and metrics derived from Apple Hospitality REIT's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
13.65% 13.93% 20.56% 1.26% 0.07% -51.81% 53.00% 32.29% 8.35% 7.99%
EBITDA Growth
101.48% 19.38% 22.71% 8.49% -6.29% -92.64% 657.19% 61.19% 10.18% 12.09%
EBIT Growth
1,242.72% 22.76% 26.37% 12.85% -16.58% -200.16% 111.16% 660.49% 21.72% 20.37%
NOPAT Growth
1,616.49% 23.33% 26.16% 12.93% -16.58% -170.39% 115.56% 669.09% 22.57% 20.61%
Net Income Growth
1,616.49% 23.33% 26.16% 12.93% -16.58% -200.75% 110.87% 669.09% 22.57% 20.61%
EPS Growth
1,525.00% 16.92% 7.89% 9.76% -14.44% -200.00% 110.39% 687.50% 22.22% 15.58%
Operating Cash Flow Growth
11.45% 17.83% 15.97% 5.40% -5.72% -93.00% 713.99% 69.35% 8.30% 1.58%
Free Cash Flow Firm Growth
108.63% -650.85% 122.93% -27.07% 114.33% -105.63% -157.24% 436.58% -85.69% 546.07%
Invested Capital Growth
-2.04% 33.19% -1.27% 0.58% -4.35% -2.16% 1.64% -0.90% 3.32% 0.89%
Revenue Q/Q Growth
0.12% 6.06% 0.57% 0.48% -0.12% -20.49% 13.91% 4.08% 1.00% 1.55%
EBITDA Q/Q Growth
-13.71% 30.83% -10.46% 11.01% -1.71% -73.83% 41.26% -2.98% 5.36% 2.81%
EBIT Q/Q Growth
-25.56% 68.23% -19.09% 21.58% -4.92% -79.95% 142.63% -6.88% 11.54% 4.38%
NOPAT Q/Q Growth
-25.49% 69.57% -19.38% 21.49% -4.82% -79.95% 159.42% -7.01% 11.60% 4.42%
Net Income Q/Q Growth
-25.49% 69.57% -19.38% 21.49% -4.82% -79.48% 141.25% -7.01% 11.60% 4.42%
EPS Q/Q Growth
-13.33% 58.33% -18.00% 21.62% -6.10% -79.07% 138.10% -8.70% 11.59% 5.95%
Operating Cash Flow Q/Q Growth
2.86% 5.52% 2.90% 0.97% -4.45% -77.03% 48.11% 6.98% 0.41% -0.41%
Free Cash Flow Firm Q/Q Growth
-17.00% 5.09% -19.26% 67.10% -1.16% -237.38% -196.19% 135.35% -85.45% 475.49%
Invested Capital Q/Q Growth
-0.89% -0.63% -0.34% -1.05% -1.19% -1.57% 2.03% -0.58% 3.26% -1.27%
Profitability Metrics
- - - - - - - - - -
EBITDA Margin
26.89% 28.17% 28.67% 30.72% 28.77% 4.39% 21.74% 26.48% 26.93% 27.95%
EBIT Margin
12.94% 13.94% 14.61% 16.28% 13.57% -28.21% 2.06% 11.83% 13.29% 14.82%
Profit (Net Income) Margin
12.84% 13.90% 14.54% 16.22% 13.52% -28.27% 2.01% 11.68% 13.21% 14.75%
Tax Burden Percent
99.24% 99.70% 99.54% 99.72% 99.61% 100.19% 97.57% 98.68% 99.36% 99.56%
Interest Burden Percent
100.00% 100.00% 100.00% 99.89% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
0.76% 0.30% 0.46% 0.28% 0.39% 0.00% 2.43% 1.32% 0.64% 0.44%
Return on Invested Capital (ROIC)
3.18% 3.40% 3.78% 4.29% 3.65% -2.65% 0.41% 3.17% 3.84% 4.54%
ROIC Less NNEP Spread (ROIC-NNEP)
3.18% 3.40% 3.78% 4.29% 3.65% -6.38% 0.41% 3.17% 3.84% 4.54%
Return on Net Nonoperating Assets (RNNOA)
0.96% 1.29% 1.37% 1.62% 1.49% -2.83% 0.20% 1.41% 1.62% 1.96%
Return on Equity (ROE)
4.14% 4.69% 5.15% 5.91% 5.13% -5.48% 0.61% 4.58% 5.46% 6.50%
Cash Return on Invested Capital (CROIC)
5.25% -25.06% 5.06% 3.71% 8.09% -0.47% -1.22% 4.08% 0.58% 3.65%
Operating Return on Assets (OROA)
3.15% 3.33% 3.71% 4.21% 3.50% -3.54% 0.40% 3.07% 3.68% 4.34%
Return on Assets (ROA)
3.13% 3.32% 3.69% 4.19% 3.48% -3.54% 0.39% 3.03% 3.66% 4.32%
Return on Common Equity (ROCE)
4.14% 4.69% 5.15% 5.91% 5.13% -5.48% 0.61% 4.58% 5.46% 6.50%
Return on Equity Simple (ROE_SIMPLE)
4.43% 4.11% 5.11% 6.05% 5.22% -5.72% 0.60% 4.56% 5.34% 6.55%
Net Operating Profit after Tax (NOPAT)
117 145 182 206 172 -121 19 145 177 214
NOPAT Margin
12.84% 13.90% 14.54% 16.22% 13.52% -19.75% 2.01% 11.68% 13.21% 14.75%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% 3.72% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
48.86% 57.00% 56.48% 57.24% 56.97% 65.65% 57.83% 57.29% 58.10% 57.74%
Operating Expenses to Revenue
87.06% 86.06% 85.39% 83.72% 86.43% 128.21% 97.94% 88.17% 86.71% 85.18%
Earnings before Interest and Taxes (EBIT)
118 145 183 207 173 -173 19 147 179 215
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
246 293 360 390 366 27 204 328 362 406
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.85 0.87 0.89 0.75 0.93 0.82 1.01 0.99 1.06 1.12
Price to Tangible Book Value (P/TBV)
0.85 0.87 0.89 0.75 0.93 0.82 1.01 0.99 1.06 1.12
Price to Revenue (P/Rev)
2.47 2.96 2.55 2.02 2.41 4.05 3.39 2.54 2.63 2.52
Price to Earnings (P/E)
19.21 21.27 17.51 12.46 17.83 0.00 168.86 21.75 19.94 17.12
Dividend Yield
5.42% 8.71% 8.38% 10.69% 8.77% 10.81% 0.29% 4.94% 6.21% 6.61%
Earnings Yield
5.21% 4.70% 5.71% 8.03% 5.61% 0.00% 0.59% 4.60% 5.02% 5.84%
Enterprise Value to Invested Capital (EV/IC)
0.89 0.90 0.92 0.82 0.94 0.87 1.00 0.98 1.04 1.07
Enterprise Value to Revenue (EV/Rev)
3.53 4.21 3.50 3.11 3.42 6.41 4.88 3.61 3.62 3.51
Enterprise Value to EBITDA (EV/EBITDA)
13.14 14.95 12.19 10.11 11.89 145.91 22.47 13.62 13.45 12.55
Enterprise Value to EBIT (EV/EBIT)
27.31 30.23 23.93 19.07 25.21 0.00 237.26 30.48 27.25 23.68
Enterprise Value to NOPAT (EV/NOPAT)
27.52 30.32 24.04 19.15 25.31 0.00 243.16 30.89 27.42 23.78
Enterprise Value to Operating Cash Flow (EV/OCF)
11.49 13.24 11.42 9.75 11.40 146.91 21.04 12.14 12.20 12.56
Enterprise Value to Free Cash Flow (EV/FCFF)
16.69 0.00 17.96 22.16 11.40 0.00 0.00 24.02 182.56 29.56
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.38 0.38 0.34 0.41 0.40 0.49 0.46 0.43 0.41 0.45
Long-Term Debt to Equity
0.33 0.30 0.34 0.41 0.40 0.49 0.46 0.43 0.41 0.45
Financial Leverage
0.30 0.38 0.36 0.38 0.41 0.44 0.47 0.44 0.42 0.43
Leverage Ratio
1.32 1.41 1.39 1.41 1.47 1.55 1.56 1.51 1.49 1.50
Compound Leverage Factor
1.32 1.41 1.39 1.41 1.47 1.55 1.56 1.51 1.49 1.50
Debt to Total Capital
27.38% 27.56% 25.50% 29.29% 28.63% 32.86% 31.37% 30.06% 29.21% 31.06%
Short-Term Debt to Total Capital
3.15% 5.56% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
24.23% 22.00% 25.50% 29.29% 28.63% 32.86% 31.37% 30.06% 29.21% 31.06%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
72.62% 72.44% 74.50% 70.71% 71.37% 67.14% 68.63% 69.94% 70.79% 68.94%
Debt to EBITDA
4.06 4.56 3.40 3.62 3.61 55.09 7.06 4.16 3.79 3.63
Net Debt to EBITDA
3.97 4.46 3.31 3.53 3.51 53.81 6.86 4.03 3.67 3.52
Long-Term Debt to EBITDA
3.60 3.64 3.40 3.62 3.61 55.09 7.06 4.16 3.79 3.63
Debt to NOPAT
8.51 9.25 6.70 6.85 7.68 -12.25 76.42 9.44 7.73 6.87
Net Debt to NOPAT
8.32 9.05 6.53 6.69 7.48 -11.97 74.29 9.13 7.48 6.67
Long-Term Debt to NOPAT
7.53 7.38 6.70 6.85 7.68 -12.25 76.42 9.44 7.73 6.87
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
193 -1,065 244 178 382 -22 -55 186 27 172
Operating Cash Flow to CapEx
451.42% 508.49% 606.70% 544.89% 509.61% 55.04% 1,188.08% 620.53% 553.72% 504.54%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.24 0.24 0.25 0.26 0.26 0.13 0.19 0.26 0.28 0.29
Fixed Asset Turnover
0.26 0.25 0.26 0.26 0.26 0.13 0.20 0.27 0.29 0.30
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
3,645 4,855 4,793 4,821 4,611 4,512 4,586 4,545 4,695 4,737
Invested Capital Turnover
0.25 0.24 0.26 0.26 0.27 0.13 0.21 0.27 0.29 0.31
Increase / (Decrease) in Invested Capital
-76 1,210 -62 28 -210 -100 74 -41 151 42
Enterprise Value (EV)
3,228 4,385 4,388 3,946 4,350 3,927 4,578 4,473 4,867 5,091
Market Capitalization
2,253 3,077 3,195 2,568 3,065 2,479 3,179 3,150 3,539 3,664
Book Value per Share
$15.18 $15.75 $16.01 $14.90 $14.70 $13.57 $13.78 $13.89 $14.53 $13.61
Tangible Book Value per Share
$15.18 $15.75 $16.01 $14.90 $14.70 $13.57 $13.78 $13.89 $14.53 $13.61
Total Capital
3,645 4,855 4,793 4,821 4,611 4,512 4,586 4,545 4,695 4,737
Total Debt
998 1,338 1,222 1,412 1,320 1,483 1,439 1,366 1,371 1,471
Total Long-Term Debt
883 1,068 1,222 1,412 1,320 1,483 1,439 1,366 1,371 1,471
Net Debt
975 1,309 1,192 1,379 1,286 1,448 1,399 1,323 1,328 1,427
Capital Expenditures (CapEx)
62 65 63 74 75 49 18 59 72 80
Net Nonoperating Expense (NNE)
0.00 0.00 0.00 0.00 0.00 52 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)
998 1,338 1,222 1,412 1,320 1,483 1,439 1,366 1,371 1,471
Total Depreciation and Amortization (D&A)
127 148 176 183 193 200 184 182 183 191
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.65 $0.76 $0.82 $0.90 $0.77 ($0.77) $0.08 $0.63 $0.77 $0.89
Adjusted Weighted Average Basic Shares Outstanding
174.35M 222.94M 230.20M 223.72M 223.86M 223.21M 228.26M 228.95M 229.33M 241.26M
Adjusted Diluted Earnings per Share
$0.65 $0.76 $0.82 $0.90 $0.77 ($0.77) $0.08 $0.63 $0.77 $0.89
Adjusted Weighted Average Diluted Shares Outstanding
174.35M 222.94M 230.20M 223.72M 223.86M 223.21M 228.26M 228.95M 229.33M 241.26M
Adjusted Basic & Diluted Earnings per Share
$0.65 $0.76 $0.82 $0.90 $0.77 ($0.77) $0.08 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
180.26M 190.86M 223.53M 229.66M 223.91M 223.54M 226.36M 228.66M 241.53M 239.77M
Normalized Net Operating Profit after Tax (NOPAT)
162 150 228 209 178 -117 29 171 183 217
Normalized NOPAT Margin
17.73% 14.42% 18.18% 16.46% 14.03% -19.17% 3.13% 13.76% 13.63% 14.96%
Pre Tax Income Margin
12.94% 13.94% 14.61% 16.26% 13.57% -28.21% 2.06% 11.83% 13.29% 14.82%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
195.35% 158.35% 146.81% 133.87% 156.28% -38.90% 36.10% 96.31% 134.25% 113.85%
Augmented Payout Ratio
397.90% 163.79% 146.81% 184.48% 158.80% -47.18% 36.10% 98.16% 138.13% 130.04%

Quarterly Metrics and Ratios for Apple Hospitality REIT

This table displays calculated financial ratios and metrics derived from Apple Hospitality REIT's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
23.71% 19.40% 19.57% 7.10% 4.47% 4.46% 11.50% 7.99% 5.75% 7.08%
EBITDA Growth
38.80% -17.22% 24.63% 0.59% -1.22% 38.00% 27.77% 9.27% 0.32% 16.60%
EBIT Growth
89.74% -81.02% 82.84% -0.03% -2.73% 727.80% 63.36% 13.15% -3.94% 42.92%
NOPAT Growth
86.23% -82.51% 82.89% -0.09% -1.07% 798.14% 64.17% 13.24% -3.84% 43.59%
Net Income Growth
86.23% -82.51% 82.89% -0.09% -1.07% 798.14% 64.17% 13.24% -3.84% 43.59%
EPS Growth
85.71% 0.00% 75.00% 0.00% 0.00% 0.00% 57.14% 6.90% -11.54% 62.50%
Operating Cash Flow Growth
25.26% 33.77% 32.33% 5.06% 8.77% 1.72% 5.73% 7.09% -2.59% -1.73%
Free Cash Flow Firm Growth
-114.41% 171.79% 207.45% 341.05% 574.06% -397.31% -381.66% -348.15% -335.47% 90.76%
Invested Capital Growth
1.70% -0.90% -0.91% -0.58% -0.53% 3.32% 5.79% 6.62% 5.52% 0.89%
Revenue Q/Q Growth
1.56% -12.78% 4.12% 16.11% -0.93% -12.79% 11.14% 12.45% -2.99% -11.69%
EBITDA Q/Q Growth
-4.74% -54.12% 63.34% 40.90% -6.46% -35.90% 51.23% 20.50% -14.12% -25.49%
EBIT Q/Q Growth
-7.73% -95.80% 1,208.78% 97.12% -10.23% -64.26% 158.28% 36.53% -23.79% -46.82%
NOPAT Q/Q Growth
-9.49% -96.09% 1,324.01% 98.31% -10.38% -64.51% 160.29% 36.78% -23.89% -47.01%
Net Income Q/Q Growth
-9.49% -96.09% 1,324.01% 98.31% -10.38% -64.51% 160.29% 36.78% -23.89% -47.01%
EPS Q/Q Growth
-10.34% 0.00% 0.00% 107.14% -10.34% -69.23% 175.00% 40.91% -25.81% -43.48%
Operating Cash Flow Q/Q Growth
6.93% -21.28% -45.73% 129.97% 10.71% -26.38% -43.59% 132.93% 0.70% -25.73%
Free Cash Flow Firm Q/Q Growth
54.35% 350.93% 70.76% 23.23% -10.22% -257.37% -61.77% -8.57% 14.80% 93.82%
Invested Capital Q/Q Growth
-0.50% -0.58% 0.57% -0.07% -0.44% 3.26% 2.97% 0.72% -1.47% -1.27%
Profitability Metrics
- - - - - - - - - -
EBITDA Margin
30.80% 16.20% 25.41% 30.84% 29.12% 21.40% 29.12% 31.20% 27.62% 23.31%
EBIT Margin
17.64% 0.85% 10.67% 18.12% 16.42% 6.73% 15.64% 18.99% 14.92% 8.98%
Profit (Net Income) Margin
17.25% 0.77% 10.57% 18.05% 16.33% 6.65% 15.56% 18.93% 14.85% 8.91%
Tax Burden Percent
97.80% 91.02% 99.04% 99.63% 99.47% 98.76% 99.53% 99.71% 99.57% 99.22%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
2.20% 8.98% 0.96% 0.37% 0.53% 1.24% 0.47% 0.29% 0.43% 0.78%
Return on Invested Capital (ROIC)
4.53% 0.21% 2.97% 5.18% 4.77% 1.93% 4.57% 5.65% 4.54% 2.74%
ROIC Less NNEP Spread (ROIC-NNEP)
4.53% 0.21% 2.97% 5.18% 4.77% 1.93% 4.57% 5.65% 4.54% 2.74%
Return on Net Nonoperating Assets (RNNOA)
1.91% 0.09% 1.34% 2.25% 2.00% 0.81% 2.05% 2.55% 2.02% 1.18%
Return on Equity (ROE)
6.44% 0.30% 4.31% 7.43% 6.76% 2.75% 6.62% 8.20% 6.56% 3.93%
Cash Return on Invested Capital (CROIC)
1.75% 4.08% 4.39% 4.07% 4.02% 0.58% -1.40% -2.02% -0.98% 3.65%
Operating Return on Assets (OROA)
4.43% 0.22% 2.89% 4.99% 4.58% 1.86% 4.41% 5.43% 4.36% 2.63%
Return on Assets (ROA)
4.33% 0.20% 2.86% 4.98% 4.55% 1.84% 4.38% 5.42% 4.34% 2.61%
Return on Common Equity (ROCE)
6.44% 0.30% 4.31% 7.43% 6.76% 2.75% 6.62% 8.20% 6.56% 3.93%
Return on Equity Simple (ROE_SIMPLE)
4.79% 0.00% 5.07% 5.04% 5.01% 0.00% 5.96% 6.22% 6.22% 0.00%
Net Operating Profit after Tax (NOPAT)
59 2.31 33 65 59 21 54 74 56 30
NOPAT Margin
17.25% 0.77% 10.57% 18.05% 16.33% 6.65% 15.56% 18.93% 14.85% 8.91%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
56.30% 60.48% 59.45% 55.45% 56.86% 61.24% 56.80% 55.38% 58.06% 61.09%
Operating Expenses to Revenue
82.36% 99.15% 89.33% 81.88% 83.58% 93.27% 84.36% 81.01% 85.08% 91.02%
Earnings before Interest and Taxes (EBIT)
60 2.54 33 66 59 21 54 74 57 30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
106 48 79 112 104 67 101 122 105 78
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.87 0.99 1.03 1.02 1.03 1.06 1.10 1.05 1.08 1.12
Price to Tangible Book Value (P/TBV)
0.87 0.99 1.03 1.02 1.03 1.06 1.10 1.05 1.08 1.12
Price to Revenue (P/Rev)
2.38 2.54 2.52 2.45 2.46 2.63 2.66 2.49 2.49 2.52
Price to Earnings (P/E)
18.22 21.75 20.37 20.20 20.56 19.94 18.46 16.91 17.35 17.12
Dividend Yield
3.15% 4.94% 5.76% 6.46% 6.72% 6.21% 5.99% 6.64% 6.50% 6.61%
Earnings Yield
5.49% 4.60% 4.91% 4.95% 4.86% 5.02% 5.42% 5.91% 5.76% 5.84%
Enterprise Value to Invested Capital (EV/IC)
0.89 0.98 1.01 1.00 1.01 1.04 1.06 1.03 1.05 1.07
Enterprise Value to Revenue (EV/Rev)
3.43 3.61 3.59 3.49 3.44 3.62 3.72 3.55 3.51 3.51
Enterprise Value to EBITDA (EV/EBITDA)
12.08 13.62 13.46 13.31 13.32 13.45 13.37 12.69 12.72 12.55
Enterprise Value to EBIT (EV/EBIT)
25.96 30.48 28.63 28.35 28.57 27.25 25.71 24.02 24.36 23.68
Enterprise Value to NOPAT (EV/NOPAT)
26.27 30.89 29.01 28.73 28.77 27.42 25.84 24.14 24.48 23.78
Enterprise Value to Operating Cash Flow (EV/OCF)
11.88 12.14 12.16 11.86 11.51 12.20 12.77 12.19 12.33 12.56
Enterprise Value to Free Cash Flow (EV/FCFF)
51.69 24.02 22.99 24.60 24.97 182.56 0.00 0.00 0.00 29.56
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.41 0.43 0.45 0.44 0.43 0.41 0.45 0.46 0.46 0.45
Long-Term Debt to Equity
0.41 0.43 0.45 0.44 0.43 0.41 0.45 0.46 0.46 0.45
Financial Leverage
0.42 0.44 0.45 0.43 0.42 0.42 0.45 0.45 0.44 0.43
Leverage Ratio
1.49 1.51 1.51 1.49 1.48 1.49 1.51 1.51 1.51 1.50
Compound Leverage Factor
1.49 1.51 1.51 1.49 1.48 1.49 1.51 1.51 1.51 1.50
Debt to Total Capital
28.84% 30.06% 31.02% 30.64% 30.20% 29.21% 31.04% 31.56% 31.29% 31.06%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
28.84% 30.06% 31.02% 30.64% 30.20% 29.21% 31.04% 31.56% 31.29% 31.06%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
71.16% 69.94% 68.98% 69.36% 69.80% 70.79% 68.96% 68.44% 68.71% 68.94%
Debt to EBITDA
3.89 4.16 4.12 4.06 4.00 3.79 3.91 3.90 3.81 3.63
Net Debt to EBITDA
3.70 4.03 4.01 3.95 3.80 3.67 3.82 3.80 3.71 3.52
Long-Term Debt to EBITDA
3.89 4.16 4.12 4.06 4.00 3.79 3.91 3.90 3.81 3.63
Debt to NOPAT
8.47 9.44 8.88 8.76 8.64 7.73 7.56 7.42 7.32 6.87
Net Debt to NOPAT
8.05 9.13 8.63 8.53 8.20 7.48 7.38 7.23 7.13 6.67
Long-Term Debt to NOPAT
8.47 9.44 8.88 8.76 8.64 7.73 7.56 7.42 7.32 6.87
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-17 44 75 92 83 -130 -210 -228 -195 -12
Operating Cash Flow to CapEx
1,221.89% 389.47% 216.29% 1,062.69% 923.44% 426.22% 174.61% 929.35% 879.22% 458.53%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.25 0.26 0.27 0.28 0.28 0.28 0.28 0.29 0.29 0.29
Fixed Asset Turnover
0.26 0.27 0.28 0.29 0.29 0.29 0.29 0.30 0.30 0.30
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
4,571 4,545 4,571 4,567 4,547 4,695 4,835 4,870 4,798 4,737
Invested Capital Turnover
0.26 0.27 0.28 0.29 0.29 0.29 0.29 0.30 0.31 0.31
Increase / (Decrease) in Invested Capital
77 -41 -42 -27 -24 151 264 302 251 42
Enterprise Value (EV)
4,091 4,473 4,633 4,587 4,575 4,867 5,133 5,004 5,019 5,091
Market Capitalization
2,837 3,150 3,254 3,226 3,270 3,539 3,667 3,505 3,556 3,664
Book Value per Share
$14.21 $13.89 $13.79 $13.83 $13.87 $14.53 $13.75 $13.75 $13.69 $13.61
Tangible Book Value per Share
$14.21 $13.89 $13.79 $13.83 $13.87 $14.53 $13.75 $13.75 $13.69 $13.61
Total Capital
4,571 4,545 4,571 4,567 4,547 4,695 4,835 4,870 4,798 4,737
Total Debt
1,318 1,366 1,418 1,399 1,373 1,371 1,501 1,537 1,501 1,471
Total Long-Term Debt
1,318 1,366 1,418 1,399 1,373 1,371 1,501 1,537 1,501 1,471
Net Debt
1,254 1,323 1,379 1,361 1,304 1,328 1,466 1,498 1,462 1,427
Capital Expenditures (CapEx)
9.90 24 24 11 14 23 31 14 15 21
Net Nonoperating Expense (NNE)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)
1,318 1,366 1,418 1,399 1,373 1,371 1,501 1,537 1,501 1,471
Total Depreciation and Amortization (D&A)
45 46 46 46 45 46 47 48 48 48
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.26 $0.00 $0.14 $0.29 $0.26 $0.08 $0.22 $0.31 $0.23 $0.13
Adjusted Weighted Average Basic Shares Outstanding
228.99M 228.95M 229.40M 229.04M 228.88M 229.33M 242.41M 242.17M 240.50M 241.26M
Adjusted Diluted Earnings per Share
$0.26 $0.00 $0.14 $0.29 $0.26 $0.08 $0.22 $0.31 $0.23 $0.13
Adjusted Weighted Average Diluted Shares Outstanding
228.99M 228.95M 229.40M 229.04M 228.88M 229.33M 242.41M 242.17M 240.50M 241.26M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
228.75M 228.66M 229.01M 228.80M 228.81M 241.53M 242.35M 240.74M 239.93M 239.77M
Normalized Net Operating Profit after Tax (NOPAT)
59 26 33 65 59 26 54 74 59 30
Normalized NOPAT Margin
17.25% 8.74% 10.57% 18.05% 16.33% 8.43% 15.56% 18.93% 15.61% 8.96%
Pre Tax Income Margin
17.64% 0.85% 10.67% 18.12% 16.42% 6.73% 15.64% 18.99% 14.92% 8.98%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
57.21% 96.31% 124.69% 137.65% 148.26% 134.25% 118.34% 114.93% 117.58% 113.85%
Augmented Payout Ratio
58.18% 98.16% 128.59% 143.51% 153.32% 138.13% 120.01% 122.42% 134.48% 130.04%

Frequently Asked Questions About Apple Hospitality REIT's Financials

When does Apple Hospitality REIT's financial year end?

According to the most recent income statement we have on file, Apple Hospitality REIT's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Apple Hospitality REIT's net income changed over the last 9 years?

Over the last 9 years, Apple Hospitality REIT's net income changed from $117.29 million in 2015 to $214.06 million in 2024, a change of 82.5%.

How has Apple Hospitality REIT revenue changed over the last 9 years?

Over the last 9 years, Apple Hospitality REIT's total revenue changed from $913.60 million in 2015 to $1.45 billion in 2024, a change of 58.8%.

How much debt does Apple Hospitality REIT have?

Apple Hospitality REIT's total liabilities were at $1.70 billion at the end of 2024, a 5.6% increase from 2023, and a 58.4% increase since 2015.

How much cash does Apple Hospitality REIT have?

In the past 9 years, Apple Hospitality REIT's cash and equivalents has ranged from $0.00 in 2015 to $10.29 million in 2023, and is currently $10.25 million as of their latest financial filing in 2024.

How has Apple Hospitality REIT's book value per share changed over the last 9 years?

Over the last 9 years, Apple Hospitality REIT's book value per share changed from 15.18 in 2015 to 13.61 in 2024, a change of -10.3%.

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This page (NYSE:APLE) was last updated on 4/15/2025 by MarketBeat.com Staff
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