Apple Hospitality REIT (APLE) Q1 FY26 earnings call

Earnings call· Mar 2026 (Q1 FY26)· Real Estate· May 5, 2026

Source: earnings call transcript

Apple Hospitality REIT reported a strong start to the year with robust RevPAR growth and margin expansion, leading to an upward revision of full-year guidance. Despite geopolitical uncertainties and a challenging acquisition market, the diversified portfolio demonstrated resilience, and management remains confident in its operational execution and capital allocation strategy. The company also completed the transition of 13 Marriott-managed hotels to franchise, with initial results being encouraging.

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APLE operating KPIs by quarter

APLE operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Dec 2025 Q4 FY25	This call Mar 2026 Q1 FY26	Jun 2026 Q2 FY26	Change vs prior quarter
Occupancy rate	70% ADR was $152, down 90 basis points, and occupancy was 70%, down 1.7% as compared to the fourth quarter 2024. Source: earnings call transcript	73% ADR was $157, up 0.1% and occupancy was 73%, an increase of 2.1%. Source: earnings call transcript	80.1% For the quarter, comparable hotels RevPAR was $136, up 5.3%, with ADR of $170, up 3.5%, and occupancy of 80.1%, up 130 basis points. Source: earnings call transcript	+7.1 pt
Properties Unencumbered	207 The number of unencumbered hotels in our portfolio as of December 31 was 207. Source: earnings call transcript	207 At the end of the first quarter, we had 207 unencumbered hotels in our portfolio. Source: earnings call transcript	207 During the quarter, we repaid one secured mortgage loan for a total of approximately $19 million, bringing the number of unencumbered hotels in our portfolio to 207. Source: earnings call transcript	0%

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.