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 20 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
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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