Apple Hospitality Reit, Inc. income statement
In fiscal 2025, Apple Hospitality Reit, Inc. reported revenue of $1.41bn, down 1.3% on the year before, operating income of $258m (a 18.3% margin) and net income of $175m, or $0.74 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 85 | 160 | 321 | 366 | 388 | 804 | 898 | 1,041 | 1,239 | 1,271 | 1,267 | 602 | 934 | 1,238 | 1,344 | 1,431 | 1,412 | 1,441 |
| Cost of revenue | — | — | — | — | — | — | — | 583 | 697 | 716 | 724 | 402 | 542 | 710 | 781 | 838 | 847 | 861 |
| Gross profit | — | — | — | — | — | — | — | 458 | 541 | 555 | 542 | 200 | 392 | 528 | 563 | 594 | 565 | 579 |
| Selling and marketing | 8 | 14 | 27 | 31 | 33 | 65 | 71 | 83 | 101 | — | — | — | — | — | — | — | — | — |
| General and administrative | 4 | 6 | 8 | 9 | 6 | 21 | 20 | 17 | 26 | 24 | 36 | 29 | 41 | 42 | 47 | 43 | 32 | 39 |
| Operating income | 4 | −2 | 56 | 77 | 83 | 32 | 136 | 185 | 231 | 258 | 234 | −102 | 87 | 206 | 247 | 293 | 258 | 258 |
| Net interest income | −1 | −1 | −4 | −7 | −8 | −24 | −33 | −40 | −47 | −51 | −61 | −71 | −68 | −60 | −69 | −78 | −81 | −82 |
| Income before tax | 3 | −3 | 51 | 70 | 83 | 9 | 118 | 145 | 183 | 207 | 173 | −173 | 19 | 147 | 179 | 215 | 176 | 176 |
| Income tax | — | — | 1 | 1 | 1 | 2 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 2 | 1 | 1 | 1 | 1 |
| Net income | 17 | 16 | 70 | 75 | 115 | 7 | 117 | 145 | 182 | 206 | 172 | −173 | 19 | 145 | 177 | 214 | 175 | 175 |
| Diluted EPS | $0.52 | $0.24 | $0.76 | $0.82 | $1.26 | $0.04 | $0.65 | $0.76 | $0.82 | $0.90 | $0.77 | −$0.77 | $0.08 | $0.63 | $0.77 | $0.89 | $0.74 | $0.74 |
| Diluted shares (average) | — | 68m | 91m | 91m | 91m | 171m | 180m | 191m | 224m | 230m | 224m | 224m | 226m | 229m | 229m | 241m | 238m | 236m |
| EBITDA | 18 | 27 | 104 | 129 | 138 | 145 | 263 | 333 | 407 | 441 | 427 | 98 | 272 | 388 | 431 | 483 | 450 | 454 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 379 | 333 | 328 | 384 | 374 | 326 | 338 | 403 |
| Cost of revenue | 220 | 204 | 200 | 221 | 222 | 205 | 207 | 228 |
| Gross profit | 159 | 129 | 128 | 164 | 152 | 122 | 131 | 175 |
| General and administrative | 9 | 12 | 9 | 8 | 8 | 7 | 11 | 13 |
| Operating income | 78 | 50 | 51 | 85 | 72 | 50 | 48 | 88 |
| Net interest income | −21 | −20 | −19 | −21 | −21 | −20 | −20 | −21 |
| Income before tax | 57 | 30 | 31 | 64 | 51 | 30 | 28 | 67 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 56 | 30 | 31 | 64 | 51 | 30 | 28 | 67 |
| Diluted EPS | $0.23 | $0.13 | $0.13 | $0.27 | $0.21 | $0.13 | $0.12 | $0.28 |
| EBITDA | 126 | 98 | 99 | 133 | 121 | 98 | 98 | 138 |
Compare with peers
- RLJ Lodging Trust income statement
- Pebblebrook Hotel Trust income statement
- Service Properties Trust income statement
- Diamondrock Hospitality Co income statement
- Xenia Hotels & Resorts, Inc. income statement
Head to head: APLE vs RLJAPLE vs PEBAPLE vs SVC
More: Hotel & Resort REITs stocks compared, Real Estate sector, rankings of US companies