APLE earnings analysis
What we found in APLE's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Apple Hospitality REIT, Inc. reported a revenue increase of 3.1% year-over-year, reaching $337.7 million, alongside an increase in diluted EPS to $0.34, reflecting a positive outlook compared to the previous year's quarter. Hotel segment performance showed improvements in occupancy and RevPAR, supported by operational efficiencies despite slight increases in operating expenses.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth
- Total revenue rose to $337.7 million, up 3.1% from $327.7 million in Q1 2025.
- Improved EPS
- Reported diluted EPS increased to $0.34, compared to $0.13 in Q4 2025.
- Strong Operating Metrics
- Comparable Hotels achieved RevPAR of $114.61, up 2.2% versus $112.14 in Q1 2025.
- Effective Cost Management
- General and administrative expenses increased by 17% but were kept at 3.2% of revenue.
- Cash Flow Improvement
- Free cash flow for Q1 improved to $22 million from -$41 million in Q4 2025.
- Stable Debt Levels
- Total debt remained consistent at approximately $1.6 billion with $558.8 million unused borrowing capacity.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Rising Interest Rates
- Approximately 37% of total debt is subject to variable rates, increasing vulnerability to interest rate fluctuations.
- Geopolitical and Economic Risks
- Continued geopolitical uncertainty could hamper business and leisure travel demand affecting RevPAR.
- Increased Operating Costs
- Ongoing inflation may prevent the company from raising room rates sufficiently to offset rising operational costs.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.34
What they said about what is next.
Management anticipates full-year 2026 RevPAR to modestly exceed 2025 levels, assuming no major changes in the macroeconomic environment.
The filing reads better than the one before it.
What came before.
- 10-K · February 23, 2026
- Apple Hospitality remains one of the largest U.S. lodging REITs with 217 hotels (29,583 rooms) and a diversified Marriott/Hilton‑heavy portfolio. Operational metrics were modestly weaker in 2025 (RevPAR -0.5% vs 2024)…
- 10-Q · November 3, 2025
- Apple Hospitality reported total revenue of $373,878,000 for the three months ended September 30, 2025, roughly flat year-over-year (down 1.3%) but with operating income and EPS modestly lower. The company generated…
- 10-Q · November 4, 2024
- Apple Hospitality reported third-quarter revenue of $378,843,000 (up $20,583,000 or ~5.8% versus $358,260,000 a year ago) and operating income of $77,726,000. EPS declined to $0.23 from $0.26 a year ago; management…
- 10-Q · May 6, 2024
- Apple Hospitality reported Q1 revenue of $329.5M, up $18.1M (5.8%) versus $311.5M a year ago, with operating income of $71.6M and GAAP diluted EPS of $0.22 (vs. $0.14). Results were helped by a $17.8M gain on sale of…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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