Apple Hospitality REIT (APLE) Financials

$11.54 -0.21 (-1.79%)

Closing price 08/1/2025 03:59 PM Eastern

Extended Trading

$11.56 +0.03 (+0.22%)

As of 08/1/2025 07:59 PM Eastern

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	59	2.31	33	65	59	21	54	74	56	30	31
Consolidated Net Income / (Loss)	59	2.31	33	65	59	21	54	74	56	30	31
Net Income / (Loss) Continuing Operations	59	2.31	33	65	59	21	54	74	56	30	31
Total Pre-Tax Income	60	2.54	33	66	59	21	54	74	57	30	31
Total Revenue	343	299	311	362	358	312	347	391	379	335	331
Net Interest Income / (Expense)	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
Total Interest Expense	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Non-Interest Income	343	299	311	362	358	312	347	391	379	335	331
Net Realized & Unrealized Capital Gains on Investments	1.79	-	0.00	0.00	0.00	-	18	0.45	0.00	1.53	3.56
Other Non-Interest Income	341	299	311	362	358	312	330	390	379	333	328
Total Non-Interest Expense	282	297	278	296	299	291	293	316	322	305	300
Net Occupancy & Equipment Expense	193	181	185	201	204	191	197	216	220	204	200
Other Operating Expenses	44	44	47	50	50	49	49	52	51	52	52
Depreciation Expense	45	46	46	46	45	46	47	48	48	48	48
Impairment Charge	0.00	26	0.00	0.00	0.00	5.64	0.00	0.00	2.90	0.16	0.00
Income Tax Expense	1.33	0.23	0.32	0.24	0.31	0.26	0.26	0.21	0.24	0.23	0.24
Basic Earnings per Share	$0.26	-	$0.14	$0.29	$0.26	$0.08	$0.22	$0.31	$0.23	$0.13	$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	240.07M
Diluted Earnings per Share	$0.26	-	$0.14	$0.29	$0.26	$0.08	$0.22	$0.31	$0.23	$0.13	$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	240.07M
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	237.91M
Cash Dividends to Common per Share	$0.17	-	$0.32	$0.24	$0.24	-	$0.29	$0.24	$0.24	-	$0.29

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	17	-21	-4.73	-0.60	31	-25	-9.04	3.94	0.20	5.35	6.04
Net Cash From Operating Activities	121	95	52	119	132	97	55	127	128	95	49
Net Cash From Continuing Operating Activities	121	95	52	119	132	97	55	127	128	95	49
Net Income / (Loss) Continuing Operations	59	2.31	33	65	59	21	54	74	56	30	31
Consolidated Net Income / (Loss)	59	2.31	33	65	59	21	54	74	56	30	31
Depreciation Expense	45	46	46	46	45	46	47	48	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	-1.85
Changes in Operating Assets and Liabilities, net	16	19	-29	5.44	25	23	-31	3.97	19	17	-28
Net Cash From Investing Activities	-3.21	-108	-25	-43	-19	-279	-117	-85	-15	1.16	-7.08
Net Cash From Continuing Investing Activities	-3.21	-108	-25	-43	-19	-279	-117	-85	-15	1.16	-7.08
Purchase of Property, Leasehold Improvements and Equipment	-9.90	-24	-24	-11	-14	-23	-31	-14	-15	-21	-27
Acquisitions	-1.60	1.60	-0.68	-0.39	-4.71	4.60	-0.42	0.42	-	-0.35	-0.43
Purchase of Investment Securities	-	-85	0.00	-31	-0.03	-260	-118	-79	-0.06	-0.02	0.00
Sale and/or Maturity of Investments	8.29	-	0.00	-	-	-	33	6.95	-	22	21
Net Cash From Financing Activities	-101	-8.45	-32	-77	-82	156	53	-38	-113	-91	-36
Net Cash From Continuing Financing Activities	-101	-8.45	-32	-77	-82	156	53	-38	-113	-91	-36
Issuance of Debt	60	221	163	54	-	219	180	143	83	47	93
Issuance of Common Equity	-	-0.27	0.00	-	-	216	0.00	-	-	-0.48	0.00
Repayment of Debt	-110	-174	-112	-73	-26	-221	-52	-107	-118	-77	-29
Repurchase of Common Equity	-1.38	-1.15	-3.56	-3.27	-0.05	-	0.00	-15	-19	-	-26
Payment of Dividends	-39	-53	-73	-55	-55	-55	-70	-58	-58	-58	-70
Other Financing Activities, Net	-10	-1.59	-5.76	-0.04	-0.53	-2.19	-5.32	-0.29	-1.05	-2.48	-3.42
Cash Interest Paid	14	15	16	17	17	18	17	19	20	19	19
Cash Income Taxes Paid	-	-	-	-	0.02	0.28	-	-	0.04	0.10	0.04

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	4,778	4,761	4,767	4,764	5,032	5,075	5,022	4,948
Cash and Due from Banks	26	6.09	6.42	35	4.94	7.22	6.15	15
Restricted Cash	39	33	32	34	30	31	33	35
Loans and Leases, Net of Allowance	0.00	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	59
Premises and Equipment, Net	4,567	4,583	4,580	4,549	4,871	4,912	4,873	4,781
Other Assets	81	68	82	85	63	62	53	58
Total Liabilities & Shareholders' Equity	4,778	4,761	4,767	4,764	5,032	5,075	5,022	4,948
Total Liabilities	1,525	1,608	1,599	1,590	1,698	1,742	1,725	1,735
Other Short-Term Payables	94	79	88	105	86	94	112	88
Long-Term Debt	1,318	1,418	1,399	1,373	1,501	1,537	1,501	1,535
Other Long-Term Liabilities	112	112	112	112	112	112	112	111
Total Equity & Noncontrolling Interests	3,253	3,153	3,168	3,174	3,334	3,333	3,297	3,213
Total Preferred & Common Equity	3,253	3,153	3,168	3,174	3,334	3,333	3,297	3,213
Preferred Stock	0.00	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	3,213
Common Stock	4,579	4,582	4,579	4,580	4,806	4,791	4,773	4,751
Accumulated Other Comprehensive Income / (Loss)	38	29	36	37	24	21	4.79	8.55
Other Equity Adjustments	-1,365	-1,458	-1,447	-1,444	-1,495	-1,479	-1,481	-1,547

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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%

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	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.71%	19.40%	19.57%	7.10%	4.47%	4.46%	11.50%	7.99%	5.75%	7.08%	-4.61%
EBITDA Growth	38.80%	-17.22%	24.63%	0.59%	-1.22%	38.00%	27.77%	9.27%	0.32%	16.60%	-21.48%
EBIT Growth	89.74%	-81.02%	82.84%	-0.03%	-2.73%	727.80%	63.36%	13.15%	-3.94%	42.92%	-42.07%
NOPAT Growth	86.23%	-82.51%	82.89%	-0.09%	-1.07%	798.14%	64.17%	13.24%	-3.84%	43.59%	-42.24%
Net Income Growth	86.23%	-82.51%	82.89%	-0.09%	-1.07%	798.14%	64.17%	13.24%	-3.84%	43.59%	-42.24%
EPS Growth	85.71%	0.00%	75.00%	0.00%	0.00%	0.00%	57.14%	6.90%	-11.54%	62.50%	-40.91%
Operating Cash Flow Growth	25.26%	33.77%	32.33%	5.06%	8.77%	1.72%	5.73%	7.09%	-2.59%	-1.73%	-10.09%
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%	156.08%
Invested Capital Growth	1.70%	-0.90%	-0.91%	-0.58%	-0.53%	3.32%	5.79%	6.62%	5.52%	0.89%	-1.79%
Revenue Q/Q Growth	1.56%	-12.78%	4.12%	16.11%	-0.93%	-12.79%	11.14%	12.45%	-2.99%	-11.69%	-0.99%
EBITDA Q/Q Growth	-4.74%	-54.12%	63.34%	40.90%	-6.46%	-35.90%	51.23%	20.50%	-14.12%	-25.49%	1.83%
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%	4.70%
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%	4.71%
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%	4.71%
EPS Q/Q Growth	-10.34%	0.00%	0.00%	107.14%	-10.34%	-69.23%	175.00%	40.91%	-25.81%	-43.48%	0.00%
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%	-48.39%
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%	1,081.82%
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%	0.23%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	30.80%	16.20%	25.41%	30.84%	29.12%	21.40%	29.12%	31.20%	27.62%	23.31%	23.97%
EBIT Margin	17.64%	0.85%	10.67%	18.12%	16.42%	6.73%	15.64%	18.99%	14.92%	8.98%	9.50%
Profit (Net Income) Margin	17.25%	0.77%	10.57%	18.05%	16.33%	6.65%	15.56%	18.93%	14.85%	8.91%	9.43%
Tax Burden Percent	97.80%	91.02%	99.04%	99.63%	99.47%	98.76%	99.53%	99.71%	99.57%	99.22%	99.23%
Interest Burden Percent	100.00%	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%	0.77%
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%	2.82%
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%	2.82%
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%	1.31%
Return on Equity (ROE)	6.44%	0.30%	4.31%	7.43%	6.76%	2.75%	6.62%	8.20%	6.56%	3.93%	4.13%
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%	5.80%
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%	2.73%
Return on Assets (ROA)	4.33%	0.20%	2.86%	4.98%	4.55%	1.84%	4.38%	5.42%	4.34%	2.61%	2.71%
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%	4.13%
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%	5.95%
Net Operating Profit after Tax (NOPAT)	59	2.31	33	65	59	21	54	74	56	30	31
NOPAT Margin	17.25%	0.77%	10.57%	18.05%	16.33%	6.65%	15.56%	18.93%	14.85%	8.91%	9.43%
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%	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%	60.34%
Operating Expenses to Revenue	82.36%	99.15%	89.33%	81.88%	83.58%	93.27%	84.36%	81.01%	85.08%	91.02%	90.50%
Earnings before Interest and Taxes (EBIT)	60	2.54	33	66	59	21	54	74	57	30	31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	106	48	79	112	104	67	101	122	105	78	79
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	0.96
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	0.96
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	2.14
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	16.08
Dividend Yield	3.15%	4.94%	5.76%	6.46%	6.72%	6.21%	5.99%	6.64%	6.50%	6.61%	7.88%
Earnings Yield	5.49%	4.60%	4.91%	4.95%	4.86%	5.02%	5.42%	5.91%	5.76%	5.84%	6.22%
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	0.96
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	3.18
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	11.88
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	23.73
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	23.84
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	11.40
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	16.40
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	0.48
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	0.48
Financial Leverage	0.42	0.44	0.45	0.43	0.42	0.42	0.45	0.45	0.44	0.43	0.46
Leverage Ratio	1.49	1.51	1.51	1.49	1.48	1.49	1.51	1.51	1.51	1.50	1.52
Compound Leverage Factor	1.49	1.51	1.51	1.49	1.48	1.49	1.51	1.51	1.51	1.50	1.52
Debt to Total Capital	28.84%	30.06%	31.02%	30.64%	30.20%	29.21%	31.04%	31.56%	31.29%	31.06%	32.34%
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%	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%	32.34%
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%	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%	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%	67.66%
Debt to EBITDA	3.89	4.16	4.12	4.06	4.00	3.79	3.91	3.90	3.81	3.63	4.00
Net Debt to EBITDA	3.70	4.03	4.01	3.95	3.80	3.67	3.82	3.80	3.71	3.52	3.87
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	4.00
Debt to NOPAT	8.47	9.44	8.88	8.76	8.64	7.73	7.56	7.42	7.32	6.87	8.03
Net Debt to NOPAT	8.05	9.13	8.63	8.53	8.20	7.48	7.38	7.23	7.13	6.67	7.77
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	8.03
Noncontrolling Interest Sharing Ratio	0.00%	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	118
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%	180.07%
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	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	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	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	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	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	4,748
Invested Capital Turnover	0.26	0.27	0.28	0.29	0.29	0.29	0.29	0.30	0.31	0.31	0.30
Increase / (Decrease) in Invested Capital	77	-41	-42	-27	-24	151	264	302	251	42	-87
Enterprise Value (EV)	4,091	4,473	4,633	4,587	4,575	4,867	5,133	5,004	5,019	5,091	4,560
Market Capitalization	2,837	3,150	3,254	3,226	3,270	3,539	3,667	3,505	3,556	3,664	3,075
Book Value per Share	$14.21	$13.89	$13.79	$13.83	$13.87	$14.53	$13.75	$13.75	$13.69	$13.61	$13.40
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	$13.40
Total Capital	4,571	4,545	4,571	4,567	4,547	4,695	4,835	4,870	4,798	4,737	4,748
Total Debt	1,318	1,366	1,418	1,399	1,373	1,371	1,501	1,537	1,501	1,471	1,535
Total Long-Term Debt	1,318	1,366	1,418	1,399	1,373	1,371	1,501	1,537	1,501	1,471	1,535
Net Debt	1,254	1,323	1,379	1,361	1,304	1,328	1,466	1,498	1,462	1,427	1,485
Capital Expenditures (CapEx)	9.90	24	24	11	14	23	31	14	15	21	27
Net Nonoperating Expense (NNE)	0.00	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	1,535
Total Depreciation and Amortization (D&A)	45	46	46	46	45	46	47	48	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	$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	240.07M
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	$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	240.07M
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	$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	237.91M
Normalized Net Operating Profit after Tax (NOPAT)	59	26	33	65	59	26	54	74	59	30	31
Normalized NOPAT Margin	17.25%	8.74%	10.57%	18.05%	16.33%	8.43%	15.56%	18.93%	15.61%	8.96%	9.43%
Pre Tax Income Margin	17.64%	0.85%	10.67%	18.12%	16.42%	6.73%	15.64%	18.99%	14.92%	8.98%	9.50%
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	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	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	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	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%	127.16%
Augmented Payout Ratio	58.18%	98.16%	128.59%	143.51%	153.32%	138.13%	120.01%	122.42%	134.48%	130.04%	159.04%

Key Financial Trends

Apple Hospitality REIT (NYSE: APLE) has shown a generally positive and stable financial trend over the last several quarters through Q1 2025, with key performance indicators reflecting solid operational performance and stable cash flow management.

Consistent Net Income Growth: The Company’s quarterly net income showed stability with Q1 2025 net income at $31.2 million, slightly up from $29.8 million in Q4 2024 and higher compared to earlier quarters in 2023, indicating steady profitability.
Revenue Stability: Total revenue has remained relatively stable in the $310-$380 million range from Q3 2023 through Q1 2025, reflecting consistent operational performance.
Strong Operating Cash Flow: Cash flow from continuing operations has consistently been robust, with Q1 2025 reporting $49.1 million and prior quarters regularly exceeding $50 million, supporting ongoing capital expenditures and dividend payments.
Controlled Operating Expenses: Total non-interest expenses have shown modest fluctuation around $290 million to $320 million per quarter, demonstrating management's control over operational costs.
Maintenance of Dividend Payments: Dividends per common share remain steady at around $0.29 per share in Q1 2025, reflecting the company's commitment to returning value to shareholders.
Stable Share Count: Weighted average shares outstanding have remained steady at approximately 240 million, indicating no significant dilution over the analyzed periods.
Long-term Debt Level: Long-term debt remains around $1.5 billion consistently, showing the company has maintained its leverage position without drastic changes.
Decline in Net Income vs 2023 Peak: Comparing Q1 2025 net income at $31.2 million to Q2 2023’s higher net income of approximately $73.9 million indicates some pressure on profitability over recent periods.
Declining Asset Base: Total assets have slightly decreased from about $5.07 billion in mid-2024 to $4.95 billion in Q1 2025, which may indicate asset sales or depreciation exceeding new investments.
Cash Outflows in Investing and Financing Activities: The company consistently invests in property and equipment, as well as repays debt and repurchases equity, causing net cash outflows in these areas (e.g., net financing cash outflow of $36 million in Q1 2025), which underscores reliance on external financing to maintain operations and distributions.

Summary: Apple Hospitality REIT displays steady revenue and net income, supported by strong cash flows from operations. The firm maintains disciplined expense control and consistent dividend payouts, making it attractive for income-focused investors. However, modest declines in assets and some reductions in net income compared to previous peak quarters warrant investor attention. The stability in long-term debt and share count suggests measured financial management.

08/02/25 03:58 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Apple Hospitality REIT's Financials

When does Apple Hospitality REIT's fiscal year end?

According to the most recent income statement we have on file, Apple Hospitality REIT's financial year ends in December. Their financial 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%. Find out what analysts predict for Apple Hospitality REIT in the coming months.

How has Apple Hospitality REIT's 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 8/2/2025 by MarketBeat.com Staff

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Apple Hospitality REIT (APLE) Financials

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Apple Hospitality REIT (APLE) Financials

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