NYSE$APLE
Apple Hospitality REIT Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Apple Hospitality REIT delivered strong performance in Q4 2024, with revenue and earnings growth driven by higher RevPAR and occupancy rates.
Apple Hospitality REIT reported solid financial results for Q4 2024, with revenue reaching $333 million and net income increasing 43.6% year-over-year to $29.8 million. RevPAR rose 4.3% to $108.75, while occupancy improved to 71.4%. The company continued its disciplined approach to capital allocation, acquiring two hotels for $196.3 million and selling six non-core properties. Looking ahead, Apple Hospitality expects steady growth in 2025, supported by strong business travel demand and moderate supply growth.
- Q4 revenue reached $333 million, up 6.6% year-over-year.
- Net income increased 43.6% to $29.8 million, with EPS at $0.12.
- RevPAR grew 4.3% to $108.75, supported by an increase in occupancy.
- Apple Hospitality continued portfolio optimization, acquiring two hotels and selling six properties.
Headline financials
Revenue & EPS history
Apple Hospitality · Revenue · Quarterly
$333M
Revenue by segment
Apple Hospitality · $341M total across 2 segments · Q3 2023
- Room Revenue$327M—96.0%
- Food & Beverage$13.6M—4.0%
Forward guidance
Apple Hospitality expects RevPAR growth of 1-3% in 2025, supported by business transient demand and portfolio optimization. Adjusted Hotel EBITDA margin is forecasted between 34.2% and 35.2%.
Tailwinds
- Anticipated RevPAR growth of 1-3% in 2025.
- Strong occupancy trends continuing into 2025.
- Expected full-year Adjusted EBITDAre between $447M and $471M.
- Planned capital expenditures of $80M-$90M to enhance hotel properties.
- Ongoing portfolio optimization through strategic acquisitions and divestitures.
Headwinds
- Potential macroeconomic headwinds impacting consumer travel demand.
- Higher interest expense from debt financing.
- Operational costs, including labor and utilities, could pressure margins.
- Seasonal weakness in Q1 due to adverse weather conditions.
- Limited visibility on new hotel supply in key markets.
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 2024
-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
| Quarter | Report date | Reaction (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% | — | — | |
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