Apple Hospitality REIT, Inc. (APLE) 10-Year Financial Performance & Capital Metrics

APLE • • REIT / Real Estate

Real EstateHotel REITsUpscale & Select-Service HotelsUpscale Select-Service

AboutApple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 235 hotels with more than 30,000 guest rooms located in 87 markets throughout 34 states. Concentrated with industry-leading brands, the Company's portfolio consists of 104 Marriott-branded hotels, 126 Hilton-branded hotels, three Hyatt-branded hotels and two independent hotels.Show more

Revenue $1.43B +6.5%
FFO $405M +12.2%
FFO/Share 1.68 +6.6%
FFO Payout 60.23% -8.8%
FFO per Share 1.68 +6.6%
NOI Margin 35.57% -1.2%
FFO Margin 28.27% +5.3%
ROE 6.5% +19.0%
ROA 4.32% +18.2%
Debt/Assets 31.85% +6.0%
Net Debt/EBITDA 3.25 -4.9%
Book Value/Share 13.54 -6.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Sustainable FFO payout ratio of 60.2%
✓Trading at only 0.9x book value

✗Weaknesses

✗Low NOI margin of 35.6%
✗Dividend payout exceeds 100% of earnings

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y5.94%

5Y2.48%

3Y15.3%

TTM0.57%

Profit (Net Income) CAGR

10Y41.12%

5Y4.48%

3Y124.86%

TTM-14.36%

EPS CAGR

10Y37.59%

5Y2.94%

3Y120.34%

TTM-14.15%

ROCE

10Y Avg3.93%

5Y Avg3.1%

3Y Avg5.27%

Latest6.12%

Peer Comparison

Upscale Select-Service

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
INNSummit Hotel Properties, Inc.	513.55M	4.72	24.84	-0.59%	0.22%	0.12%	15%	1.03
APLEApple Hospitality REIT, Inc.	2.94B	12.43	13.97	6.52%	12.37%	5.5%	11.05%	0.48

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	898.31M	1.04B	1.24B	1.27B	1.27B	601.88M	933.87M	1.24B	1.34B	1.43B
Revenue Growth %	0.12%	0.16%	0.19%	0.03%	-0%	-0.52%	0.55%	0.33%	0.09%	0.07%
Property Operating Expenses	563.1M	671.38M	800.8M	696.1M	685.83M	480.52M	614.16M	783.39M	860.03M	922.25M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	147M	165.19M	202.84M	207.78M	229.45M	223.4M	232.67M	248.55M	236.29M	216.46M
G&A Expenses	90.56M	99.69M	127.22M	130.13M	150.2M	29.37M	41.04M	42.46M	47.4M	42.54M
EBITDA+	263.48M	333.43M	390.89M	441.34M	427.03M	97.75M	271.51M	388.18M	430.72M	483.36M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	127.45M	148.16M	176.5M	183.48M	193.24M	199.79M	184.47M	181.7M	183.24M	190.6M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	136.03M	185.26M	214.39M	257.86M	233.79M	-102.04M	87.04M	206.48M	247.48M	292.76M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	33.13M	40.03M	47.34M	51.19M	61.19M	70.83M	67.75M	59.73M	68.86M	77.75M
Interest Coverage	4.11x	4.63x	4.53x	5.04x	3.82x	-1.44x	1.28x	3.46x	3.59x	3.77x
Non-Operating Income	-52.18M	-40.61M	-26.99M	-2.98M	-3.55M	0	0	0	0	0
Pretax Income+	118.19M	145.08M	183.34M	206.67M	172.6M	-172.88M	19.3M	146.75M	178.62M	215.01M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	898K	431K	847K	587K	679K	332K	468K	1.94M	1.14M	947K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	117.29M	144.65M	182.49M	206.09M	171.92M	-173.21M	18.83M	144.81M	177.49M	214.06M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	16.16%	0.23%	0.26%	0.13%	-0.17%	-2.01%	1.11%	6.69%	0.23%	0.21%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	1.04%	0.2%	0.23%	0.09%	-0.06%	-0.93%	6.65%	0.61%	0.1%	0.12%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	0.65	0.76	0.82	0.90	0.77	-0.77	0.08	0.63	0.77	0.89
EPS Growth %	16.76%	0.17%	0.08%	0.1%	-0.14%	-2%	1.11%	6.57%	0.22%	0.16%
EPS (Basic)	0.65	0.76	0.82	0.90	0.77	-0.77	0.08	0.63	0.77	0.89
Diluted Shares Outstanding	180.26M	190.86M	223.53M	229.66M	223.91M	223.54M	226.36M	228.95M	229.33M	241.26M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	3.72B	4.98B	4.9B	4.93B	4.94B	4.83B	4.79B	4.77B	4.94B	4.97B
Asset Growth %	-0.02%	0.34%	-0.02%	0.01%	0%	-0.02%	-0.01%	-0%	0.03%	0.01%
Real Estate & Other Assets+	3.68B	4.88B	4.84B	4.87B	4.87B	4.77B	4.71B	4.69B	4.84B	4.87B
PP&E (Net)	3.64B	4.82B	4.79B	4.82B	0	0	0	0	0	0
Investment Securities	1000K	1000K	1000K	1000K	0	0	0	0	0	0
Total Current Assets+	47.39M	99.89M	61.25M	62.72M	73.68M	61.82M	80M	86.84M	95.34M	95.6M
Cash & Equivalents	22.65M	29.43M	29.79M	33.63M	0	5.56M	3.28M	4.08M	10.29M	10.25M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	22.65M	39M	0	0	46.75M	34.13M	36.67M	39.44M	48.61M	50.83M
Intangible Assets	19.4M	28.4M	27.3M	26.2M	0	0	0	0	0	0
Total Liabilities	1.08B	1.46B	1.33B	1.52B	1.65B	1.8B	1.64B	1.59B	1.61B	1.7B
Total Debt+	998.1M	1.34B	1.22B	1.41B	1.54B	1.7B	1.55B	1.48B	1.48B	1.58B
Net Debt	975.45M	1.31B	1.19B	1.38B	1.54B	1.7B	1.55B	1.47B	1.47B	1.57B
Long-Term Debt	873.61M	1.3B	1.22B	1.38B	1.27B	1.38B	1.36B	1.37B	1.37B	1.39B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0	1000K
Capital Lease Obligations	0	16.1M	19.5M	22.9M	216.63M	219.98M	111.78M	112.01M	111.89M	111.58M
Total Current Liabilities+	613.86M	394.86M	215.96M	107.42M	165.26M	203.66M	168.67M	116.06M	129.93M	203.52M
Accounts Payable	36.02M	45.71M	52.66M	107.42M	114.36M	97.86M	92.67M	116.06M	129.93M	121.02M
Deferred Revenue	-32M	-34.7M	-44.7M	0	0	0	0	0	0	0
Other Liabilities	-411.75M	84.72M	11.7M	42.03M	0	0	0	0	0	0
Total Equity+	2.65B	4.84B	4.78B	4.81B	3.29B	3.03B	3.15B	3.18B	3.32B	3.27B
Equity Growth %	-0.12%	0.83%	-0.01%	0.01%	-0.32%	-0.08%	0.04%	0.01%	0.05%	-0.02%
Shareholders Equity	2.65B	3.52B	3.57B	3.41B	3.29B	3.03B	3.15B	3.18B	3.32B	3.27B
Minority Interest	700K	1.32B	1.21B	1.4B	0	0	0	0	0	0
Common Stock	3.5B	4.45B	4.59B	4.5B	4.49B	4.49B	4.57B	4.58B	4.79B	4.77B
Additional Paid-in Capital	3.5B	0	0	0	0	0	0	0	0	0
Retained Earnings	-851.47M	-940.73M	-1.03B	-1.1B	-1.2B	-1.42B	-1.41B	-1.44B	-1.49B	-1.52B
Preferred Stock	0	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	0.03%	0.03%	0.04%	0.04%	0.03%	-0.04%	0%	0.03%	0.04%	0.04%
Return on Equity (ROE)	0.04%	0.04%	0.04%	0.04%	0.04%	-0.05%	0.01%	0.05%	0.05%	0.06%
Debt / Assets	0.27%	0.27%	0.25%	0.29%	0.31%	0.35%	0.32%	0.31%	0.3%	0.32%
Debt / Equity	0.38x	0.28x	0.26x	0.29x	0.47x	0.56x	0.49x	0.47x	0.45x	0.48x
Net Debt / EBITDA	3.70x	3.92x	3.05x	3.12x	3.60x	17.36x	5.70x	3.80x	3.42x	3.25x
Book Value per Share	14.69	25.37	21.40	20.95	14.70	13.55	13.90	13.88	14.49	13.54

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	281.05M	332.03M	384.74M	404.81M	381.67M	26.73M	217.56M	368.45M	399.04M	405.35M
Operating CF Growth %	0.11%	0.18%	0.16%	0.05%	-0.06%	-0.93%	7.14%	0.69%	0.08%	0.02%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	117.29M	144.65M	182.49M	206.09M	171.92M	-173.21M	18.83M	144.81M	177.49M	214.06M
Depreciation & Amortization	127.45M	148.16M	176.5M	183.48M	193.24M	199.79M	184.47M	181.7M	183.24M	190.6M
Stock-Based Compensation	4.7M	3.5M	6.2M	3.6M	0	7.8M	3.5M	3.5M	0	0
Other Non-Cash Items	35.73M	12.37M	36.7M	10.96M	5.97M	3.1M	17.44M	33.04M	14.35M	-8.33M
Working Capital Changes	586K	26.85M	-10.95M	4.29M	10.55M	-2.95M	-3.18M	8.9M	23.96M	9.01M
Cash from Investing+	-82.28M	-169.84M	-159.29M	-210.16M	-14.32M	-82.26M	-150.68M	-135.91M	-364.63M	-215.71M
Acquisitions (Net)	-224.63M	-93.59M	-164.26M	-151.28M	-1.23M	476K	-893K	-84.83M	-1.18M	0
Purchase of Investments	0	-14.23M	-93.59M	-135.33M	0	-34.18M	-131.48M	-76.53M	0	0
Sale of Investments	1000K	0	0	0	0	1000K	1000K	1000K	0	0
Other Investing	-20.02M	-11.12M	-95.99M	-135.87M	61.8M	-33.7M	-131.48M	84.83M	-291.39M	-215.71M
Cash from Financing+	-198.77M	-162.2M	-225.45M	-190.81M	-366.32M	55.24M	-61.3M	-228.97M	-34.31M	-189.19M
Dividends Paid	-229.13M	-229.06M	-267.92M	-275.89M	-268.67M	-67.38M	-6.8M	-139.47M	-238.28M	-243.72M
Common Dividends	-229.13M	-229.06M	-267.92M	-275.89M	-268.67M	-67.38M	-6.8M	-139.47M	-238.28M	-243.72M
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K
Share Repurchases	-237.57M	-9.33M	-692K	-105.83M	-4.33M	-14.71M	-3.35M	-2.94M	-6.88M	-35.13M
Other Financing	-7.05M	-4.22M	131.18M	-2.33M	-1.61M	-2.67M	-4.93M	-10.23M	-8.51M	-8.62M
Net Change in Cash+	0	0	366K	3.84M	1.03M	-293K	5.58M	3.56M	106K	449K
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	0	0	29.43M	29.79M	33.63M	34.66M	34.37M	39.95M	43.51M	43.62M
Cash at End	0	0	29.79M	33.63M	34.66M	34.37M	39.95M	43.51M	43.62M	44.07M
Free Cash Flow+	218.79M	266.91M	321.44M	330.52M	306.78M	-21.83M	199.25M	309.07M	326.98M	325.01M
FCF Growth %	0.19%	0.22%	0.2%	0.03%	-0.07%	-1.07%	10.13%	0.55%	0.06%	-0.01%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	1.36	1.53	1.61	1.7	1.63	0.12	0.9	1.43	1.57	1.68
FFO Payout Ratio	93.62%	78.23%	74.63%	70.82%	73.58%	253.5%	3.34%	42.72%	66.06%	60.23%
NOI Margin	37.32%	35.51%	35.35%	45.21%	45.85%	20.16%	34.24%	36.74%	36%	35.57%
Net Debt / EBITDA	3.70x	3.92x	3.05x	3.12x	3.60x	17.36x	5.70x	3.80x	3.42x	3.25x
Debt / Assets	26.81%	26.87%	24.93%	28.65%	31.1%	35.25%	32.37%	30.97%	30.04%	31.85%
Interest Coverage	4.11x	4.63x	4.53x	5.04x	3.82x	-1.44x	1.28x	3.46x	3.59x	3.77x
Book Value / Share	14.69	25.37	21.4	20.95	14.7	13.55	13.9	13.88	14.49	13.54
Revenue Growth	11.75%	15.89%	18.98%	2.58%	-0.31%	-52.48%	55.16%	32.61%	8.51%	6.52%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Occupancy	1.17B	560.49M	871.44M	1.14B	1.23B	1.3B
Occupancy Growth	-	-51.98%	55.48%	30.75%	7.61%	5.90%
Hotel, Other	39.58M	-	-	52.97M	60.67M	67.14M
Hotel, Other Growth	-	-	-	-	14.54%	10.66%
Food and Beverage	59.81M	-	-	46.01M	56.97M	65.8M
Food and Beverage Growth	-	-	-	-	23.82%	15.51%
Hotel Other	-	24.68M	40.41M	-	-	-
Hotel Other Growth	-	-	63.79%	-	-	-
Food And Beverage	-	16.72M	22.02M	-	-	-
Food And Beverage Growth	-	-	31.69%	-	-	-

Frequently Asked Questions

Valuation & Price

Apple Hospitality REIT, Inc. (APLE) has a price-to-earnings (P/E) ratio of 14.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Apple Hospitality REIT, Inc. (APLE) reported $1.42B in revenue for fiscal year 2024. This represents a 343% increase from $320.5M in 2011.

Apple Hospitality REIT, Inc. (APLE) grew revenue by 6.5% over the past year. This is steady growth.

Yes, Apple Hospitality REIT, Inc. (APLE) is profitable, generating $175.6M in net income for fiscal year 2024 (15.0% net margin).

Dividend & Returns

Yes, Apple Hospitality REIT, Inc. (APLE) pays a dividend with a yield of 8.13%. This makes it attractive for income-focused investors.

Apple Hospitality REIT, Inc. (APLE) has a return on equity (ROE) of 6.5%. This is below average, suggesting room for improvement.

Industry Metrics

Apple Hospitality REIT, Inc. (APLE) generated Funds From Operations (FFO) of $367.6M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Apple Hospitality REIT, Inc. (APLE) offers a 8.13% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

US Stock Screener

...