NYSE$APLE

Apple Hospitality REIT Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Apple Hospitality Q4 2020 earnings report announced.

Apple Hospitality REIT reported a challenging fourth quarter due to the ongoing COVID-19 pandemic, with a net loss of $51.2 million. Despite the difficulties, all hotels remained open with enhanced safety measures, and the company focused on cost management and capturing available demand.

  • All hotels remained open with enhanced health and sanitation measures.
  • The company enhanced sales efforts by focusing on COVID-19-specific opportunities and strategically targeting available demand.
  • Property-level expenses were significantly reduced through cost elimination and efficiency initiatives.
  • The company achieved positive Adjusted Hotel EBITDA, although performance was impacted by seasonal travel trends.

Headline financials

Total Revenue

$134M

Previous: $290M-53.8%
EPS (adj)

-$0.01

Previous: $0.32-103.1%
ADR

$97.87

Previous: $137.90-29.0%
Occupancy

46.5%

Previous: 77.1%-39.7%
RevPAR

$45.46

Previous: $106.35-57.3%
Net Income

-$51.2M

Previous: $26.5M-293.3%
Operating Income

-$32.8M

Previous: $63.1M-152.0%
Gross Profit

$23.1M

No prior period
Cash & Equivalents

$5.56K

Previous: $101M-100.0%
Total Assets

$4.83B

Previous: $4.12B+17.2%

Revenue & EPS history

Apple Hospitality · Revenue · Quarterly

$134M

Q4 2020-53.8%vs Q4 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Apple Hospitality · $128M total across 2 segments · Q4 2020

  • Room Revenue
    $126M—
  • Food & Beverage
    $2.33M—

Forward guidance

Due to uncertainties related to COVID-19, Apple Hospitality is not issuing 2021 operational guidance but provided expectations for certain corporate expenses.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-0.2%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+0.3%

Avg return

30 days after

47%

20 / 43 earnings

Positive

+19.1%

Q1 2020

Best reaction

-9.0%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026-1.9%+5.5%+13.4%
Q4 2025-1.0%+0.4%-2.5%
Q3 2025-1.9%+2.3%+1.4%
Q1 2025-0.1%-3.1%-1.1%
Q4 2024-1.6%+1.3%-11.1%
Q3 2024+0.5%+8.5%+9.6%
Q2 2024-3.1%-3.0%-2.8%
Q1 2024+1.2%+1.1%-2.5%
Q4 2023+0.3%-1.2%+1.7%
Q3 2023-6.0%-5.3%+0.9%
Q2 2023+0.1%+0.8%+0.1%
Q1 2023+1.4%+4.2%-0.7%
Q4 2022-2.4%-1.9%-18.6%
Q3 2022-2.7%+1.6%+2.3%
Q2 2022-0.8%-0.4%-6.5%
Q1 2022-3.4%-5.1%-2.8%
Q4 2021-3.8%+1.5%+1.1%
Q3 2021+0.4%-1.9%-9.6%
Q2 2021+4.8%+3.6%+6.1%
Q1 2021+1.4%-2.1%+3.1%
Q4 2020+0.6%-4.1%+0.5%
Q3 2020+1.0%+16.1%+24.7%
Q2 2020+5.5%+11.1%+21.8%
Q1 2020+19.1%+12.1%+32.5%
Q4 2019-9.0%-13.4%-38.6%
Q3 2019+0.9%-1.0%-3.9%
Q2 2019+0.2%+1.7%+5.5%
Q1 2019-0.5%-0.1%-4.7%
Q4 2018-0.2%-1.6%-2.5%
Q3 2018-2.2%+0.4%-2.9%
Q2 2018-0.2%-3.5%-1.3%
Q1 2018+0.5%+1.0%+3.9%
Q4 2017-1.1%-4.9%-6.2%
Q3 2017+1.0%+1.4%+3.1%
Q2 2017-1.5%-1.7%+0.4%
Q1 2017+0.9%-2.1%-0.7%
Q4 2016-2.7%-5.6%-7.0%
Q3 2016+0.6%-1.0%+11.5%
Q2 2016-0.5%-2.1%-7.5%
Q1 2016+0.5%——
Q4 2015-4.4%——
Q3 2015+2.3%——
Q2 2015+0.0%——
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q4 2012———
Q3 2012———
Q2 2012———
Q1 2012———
Q4 2011———
Q3 2011———
Q2 2011———
Q1 2011———
Q4 2010———
Q3 2010———
Q2 2010———
Q1 2010———

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