Jun 2026 (Q2 FY26) — Aug 6, 2026
Apple Hospitality REIT Q2 FY26 — Strong RevPAR Growth and Raised Full-Year Guidance
Read the full callApple Hospitality REIT (APLE) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Apple Hospitality REIT earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 403 | +4.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 21.9 | −0.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 67.1 | +5.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
12 of 14 judged targets kept · 10 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Total hotel expenses increase (CPOR) | approximately 2% | Mar 2026 | On a per occupied room basis, expense growth remains unchanged at approximately 2%, continuing to reflect the favorable property insurance renewal that took effect in April, along with continued moderation in wage growth. | On Track |
| Acquisition of Motto by Hilton, Nashville | Acquire hotel upon completion of construction | Dec 2024 | The Nashville Motto, which recently received Hilton's New Build of the Year Award for the Motto brand, continues to ramp well with average RevPAR approaching $200 over recent weeks. | Achieved |
| Adjusted EBITDAre | $424 million to $447 million | Dec 2025 | For the full year, we expect net income to be between $143 million and $169 million, comparable hotels RevPAR change to be between 0% and 2%, comparable hotels adjusted hotel EBITDA margin to be between 32.9% and 33.9% and adjusted EBITDAre to be between $436 million and $458 million. | Revised Up |
2 of Apple Hospitality REIT, Inc.'s 24 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 21 more targets are in the full ledger.
Claimed
- Comparable hotels RevPAR grew over 5% for Q2 FY26, with preliminary July RevPAR growth of over 5.5%.
- Adjusted hotel EBITDA margin expanded by 120 basis points in Q2 FY26, converting approximately $0.58 of each incremental revenue dollar.
- MFFO per share increased by over 8% to $0.52 in Q2 FY26.
- Full-year RevPAR growth guidance raised by 225 basis points to 3.25% at the midpoint.
- Refinancing transactions extended debt maturities to nearly 5 years, increased revolving credit facility capacity to $700 million, and improved pricing.
Qualified
- Phoenix RevPAR decreased 5% due to a decline in occupancy and rate, driven by a pullback in semiconductor-related business.
- Construction costs continue to rise faster than hotel fundamentals in most markets, limiting new development projects.
- A gap between seller expectations and buyer willingness to pay persists, making accretive acquisitions challenging in 2026.
Price
$17.2 +0.88% · +$0.15
Performance +48.9% 1Y
1Y: $11.55 on 17 Oct 2025 → $17.2. High $17.2 (19 Oct 2026), low $11.17 (4 Nov 2025).
- Previous close
- $17.05
- 52-week range
- $11.17 – $17.2
- One year
- +47.39%
Overview
- Symbol
- APLE
- Sector
- Real Estate
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
12 of 14 judged targets kept · 10 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Total hotel expenses increase (CPOR) | approximately 2% | Mar 2026 | On a per occupied room basis, expense growth remains unchanged at approximately 2%, continuing to reflect the favorable property insurance renewal that took effect in April, along with continued moderation in wage growth. | On Track |
| Acquisition of Motto by Hilton, Nashville | Acquire hotel upon completion of construction | Dec 2024 | The Nashville Motto, which recently received Hilton's New Build of the Year Award for the Motto brand, continues to ramp well with average RevPAR approaching $200 over recent weeks. | Achieved |
| Adjusted EBITDAre | $424 million to $447 million | Dec 2025 | For the full year, we expect net income to be between $143 million and $169 million, comparable hotels RevPAR change to be between 0% and 2%, comparable hotels adjusted hotel EBITDA margin to be between 32.9% and 33.9% and adjusted EBITDAre to be between $436 million and $458 million. | Revised Up |
Claimed
- Comparable hotels RevPAR grew over 5% for Q2 FY26, with preliminary July RevPAR growth of over 5.5%.
- Adjusted hotel EBITDA margin expanded by 120 basis points in Q2 FY26, converting approximately $0.58 of each incremental revenue dollar.
- MFFO per share increased by over 8% to $0.52 in Q2 FY26.
- Full-year RevPAR growth guidance raised by 225 basis points to 3.25% at the midpoint.
- Refinancing transactions extended debt maturities to nearly 5 years, increased revolving credit facility capacity to $700 million, and improved pricing.
Qualified
- Phoenix RevPAR decreased 5% due to a decline in occupancy and rate, driven by a pullback in semiconductor-related business.
- Construction costs continue to rise faster than hotel fundamentals in most markets, limiting new development projects.
- A gap between seller expectations and buyer willingness to pay persists, making accretive acquisitions challenging in 2026.
The full ledger
Open Apple Hospitality REIT, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 24 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 5, 2026
Apple Hospitality REIT Q1 FY26 — Strong RevPAR Growth and Raised Full-Year Guidance
Read the full callDec 2025 (Q4 FY25) — Feb 24, 2026
Apple Hospitality REIT Q4 FY25 — Strategic Capital Allocation and Portfolio Optimization
Read the full callEvery analysed call
Apple Hospitality REIT earnings calls (APLE)
Financials
What the filings say
Net profit, year on year: +5% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 379 | 333 | 328 | 384 | 374 | 326 | 338 | 403 |
| Expenses | 301 | 285 | 280 | 300 | 306 | 282 | 290 | 315 |
| Operating profit | 78 | 50 | 51 | 85 | 72 | 50 | 48 | 88 |
| Operating margin | 20.5% | 15.0% | 15.5% | 22.1% | 19.4% | 15.2% | 14.2% | 21.9% |
| Profit before tax | 57 | 30 | 31 | 64 | 51 | 30 | 28 | 67 |
| Tax rate | 0.4% | 0.8% | 0.8% | 0.4% | 0.5% | 0.8% | 0.9% | 0.4% |
| Net profit | 56 | 30 | 31 | 64 | 51 | 30 | 28 | 67 |
| EPS ($ per share) | 0.23 | — | 0.13 | 0.27 | 0.21 | — | 0.12 | 0.28 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 4,495 | 4,494 | 4,488 | 4,569 | 4,577 | 4,795 | 4,771 | 4,720 |
| Total liabilities | 1,520 | 1,651 | 1,800 | 1,643 | 1,594 | 1,613 | 1,704 | 1,754 |
| Total assets | 4,929 | 4,942 | 4,830 | 4,791 | 4,773 | 4,937 | 4,970 | 4,902 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 405 | 382 | 27 | 218 | 368 | 399 | 405 | 370 |
| Cash from investing | -210 | -14 | -82 | -151 | -136 | -365 | -216 | -135 |
| Cash from financing | -191 | -366 | 55 | -61 | -229 | -34 | -189 | -239 |
| Net cash flow | 4 | 1 | -0 | 6 | 4 | 0 | 0 | -5 |
| Capital expenditure | -225 | -134 | -49 | -18 | -59 | -149 | -159 | -176 |
| Free cash flow | 180 | 247 | -22 | 199 | 309 | 250 | 247 | 195 |
APLE revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Reportable | — | — | 100% | 100% | 100% | 100% | 100% | 100% | +4.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
APLE operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | 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 | 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.
Insider filings
63 filings between Nov 11, 2025 and Aug 31, 2026.
Open market
decisions to buy or sellPurchases
$165.0K
4 purchases by 3 insiders
Sales
None
No insider sold shares.
Compensation
not trading decisions- 38
- Award — granted as compensation
- 2
- Option exercise — converted options into shares
- 14
- Tax withheld — shares kept back by the company to cover tax
Also filed: 5 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| KNIGHT GLADE M | $129.4K | — | May 11, 2026 |
| Woolley Howard E. | $23.9K | — | Nov 11, 2025 |
| Hugh Redd | $11.8K | — | Nov 13, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 31, 2026 | Woolley Howard E. Director | Award | 2,116 | $33.8K |
| Aug 31, 2026 | Fosheim Jon A Director | Award | 1,904 | $30.4K |
| Aug 31, 2026 | Bunting Glenn W Jr Director | Award | 2,116 | $33.8K |
| Aug 31, 2026 | MCGARVIE BLYTHE J Director | Award | 2,116 | $33.8K |
| May 29, 2026 | MCGARVIE BLYTHE J Director | Award | 2,297 | $33.7K |
| May 29, 2026 | Bunting Glenn W Jr Director | Award | 2,297 | $33.7K |
| May 29, 2026 | Woolley Howard E. Director | Award | 2,297 | $33.7K |
| May 29, 2026 | Fosheim Jon A Director | Award | 2,068 | $30.4K |
| May 11, 2026 | KNIGHT GLADE M Executive Chairman | Purchase | 5,000 | $69.8K |
| Mar 3, 2026 | Perkins Elizabeth SVP & Chief Financial Officer | Tax withheld | 18,302 | $221.5K |
| Mar 3, 2026 | Clarke Jeanette SVP Chief Cap. Invest. Officer | Award | 14,010 | $0 |
| Mar 3, 2026 | Perkins Elizabeth SVP & Chief Financial Officer | Award | 25,703 | $0 |
| Mar 3, 2026 | KNIGHT GLADE M Executive Chairman | Award | 18,779 | $227.2K |
| Mar 3, 2026 | Clarke Jeanette SVP Chief Cap. Invest. Officer | Award | 22,120 | $267.7K |
| Mar 3, 2026 | Perkins Elizabeth SVP & Chief Financial Officer | Award | 40,582 | $491.0K |
| Mar 3, 2026 | Labrecque Rachel SVP & Chief Accounting Officer | Award | 15,686 | $0 |
| Mar 3, 2026 | KNIGHT JUSTIN G CEO | Tax withheld | 42,603 | $515.5K |
| Mar 3, 2026 | Rash Matthew SVP & Chief Legal Officer | Tax withheld | 11,169 | $135.1K |
| Mar 3, 2026 | KNIGHT JUSTIN G CEO | Award | 59,831 | $0 |
| Mar 3, 2026 | Labrecque Rachel SVP & Chief Accounting Officer | Award | 24,765 | $299.7K |
| Mar 3, 2026 | Gallagher Karen Catherine SVP & Chief Operating Officer | Award | 23,957 | $0 |
| Mar 3, 2026 | Gallagher Karen Catherine SVP & Chief Operating Officer | Tax withheld | 17,058 | $206.4K |
| Mar 3, 2026 | KNIGHT JUSTIN G CEO | Award | 94,465 | $1.14M |
| Mar 3, 2026 | Gallagher Karen Catherine SVP & Chief Operating Officer | Award | 37,824 | $457.7K |
| Mar 3, 2026 | Labrecque Rachel SVP & Chief Accounting Officer | Tax withheld | 11,169 | $135.1K |
| Mar 3, 2026 | Labrecque Rachel SVP & Chief Accounting Officer | Gift | 8,000 | $0 |
| Mar 3, 2026 | Rash Matthew SVP & Chief Legal Officer | Award | 24,765 | $299.7K |
| Mar 3, 2026 | KNIGHT GLADE M Executive Chairman | Award | 11,894 | $0 |
| Mar 3, 2026 | Knight Nelson President Real Estate & Invest | Award | 40,976 | $495.8K |
| Mar 3, 2026 | Clarke Jeanette SVP Chief Cap. Invest. Officer | Tax withheld | 9,976 | $120.7K |
| Mar 3, 2026 | Knight Nelson President Real Estate & Invest | Tax withheld | 18,480 | $223.6K |
| Mar 3, 2026 | Knight Nelson President Real Estate & Invest | Award | 25,953 | $0 |
| Mar 3, 2026 | Rash Matthew SVP & Chief Legal Officer | Award | 15,686 | $0 |
| Feb 27, 2026 | MCGARVIE BLYTHE J Director | Award | 2,345 | $28.7K |
| Feb 27, 2026 | Fosheim Jon A Director | Award | 1,173 | $14.4K |
| Feb 27, 2026 | Woolley Howard E. Director | Award | 2,345 | $28.7K |
| Feb 27, 2026 | Handlon Carolyn B Director | Award | 2,345 | $28.7K |
| Feb 27, 2026 | Bunting Glenn W Jr Director | Award | 2,345 | $28.7K |
| Jan 1, 2026 | Hugh Redd Director | Option exercise | 9,286 | — |
| Jan 1, 2026 | Fosheim Jon A Director | Option exercise | 11,271 | — |
| Dec 17, 2025 | Knight Nelson President Real Estate & Invest | Gift | 2,100 | $0 |
| Dec 17, 2025 | Knight Nelson President Real Estate & Invest | Gift | 840 | $0 |
| Dec 17, 2025 | Knight Nelson President Real Estate & Invest | Gift | 11,000 | $0 |
| Dec 12, 2025 | KNIGHT JUSTIN G CEO | Tax withheld | 35,426 | $429.4K |
| Dec 12, 2025 | KNIGHT JUSTIN G CEO | Award | 250 | $3.0K |
| Dec 12, 2025 | Knight Nelson President Real Estate & Invest | Award | 200 | $2.4K |
| Dec 12, 2025 | Labrecque Rachel SVP & Chief Accounting Officer | Tax withheld | 8,940 | $108.4K |
| Dec 12, 2025 | Labrecque Rachel SVP & Chief Accounting Officer | Award | 100 | $1.2K |
| Dec 12, 2025 | Rash Matthew SVP & Chief Legal Officer | Tax withheld | 8,940 | $108.4K |
| Dec 12, 2025 | Perkins Elizabeth SVP & Chief Financial Officer | Tax withheld | 14,650 | $177.6K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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