APLE Apple Hospitality REIT (APLE) Q2 FY26 earnings call
Apple Hospitality REIT delivered a strong second quarter, driven by broad-based improvements in business and leisure travel demand, leading to significant RevPAR growth and margin expansion. The company raised its full-year guidance, reflecting continued momentum and outperformance. Strategic capital allocation, including a recent refinancing, has strengthened the balance sheet, providing flexibility for future opportunistic growth despite current challenges in the acquisition market due to valuation gaps.
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APLE operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | This call 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 | 207The number of unencumbered hotels in our portfolio as of December 31 was 207.Source: earnings call transcript | 207At the end of the first quarter, we had 207 unencumbered hotels in our portfolio.Source: earnings call transcript | 207During 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.