NYSE$APLE

Apple Hospitality REIT Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Apple Hospitality REIT reported Q4 2025 total revenue of $326.4M, net income of $29.6M, and diluted EPS of $0.13.

For Q4 2025, Apple Hospitality REIT generated total revenue of $326.4M (room $293.0M) with net income of $29.6M and diluted EPS of $0.13 versus $0.12 a year ago. Operating income was $49.6M with operating margin of 15.2%. Comparable hotels RevPAR and adjusted hotel EBITDA faced softer leisure demand, with comparable hotels adjusted hotel EBITDA down 8.4% to $99.2M. Full-year net income was $175.4M on revenue of $1.41B.

  • Q4 total revenue $326.4M; net income $29.6M; EPS $0.13.
  • Comparable hotels adjusted hotel EBITDA $99.2M (-8.4% YoY).
  • Operating margin 15.2% (up 20 bps YoY).
  • FY2025 net income $175.4M on $1.41B revenue.

Headline financials

Total Revenue

$326M

Previous: $333M-2.0%
EPS (adj)

$0.13

Previous: $0.32-59.4%
ADR

$132.45

Previous: $134.12-1.2%
Occupancy

71.2%

Previous: 72.4%-1.7%
Comparable ADR

$131.98

Previous: $133.77-1.3%
Comparable Occupancy

70.9%

Previous: 72.1%-1.7%
Comparable RevPAR

$93.56

Previous: $96.42-3.0%
Operating Margin

18.7%

Previous: 20.1%-7.0%
Adjusted EBITDAre

$98.2M

Previous: $106M-7.0%
Comparable Hotel EBITDA

$86.4M

Previous: $92.8M-6.8%
Comparable Hotel EBITDA Margin

28.4%

Previous: 30.2%-6.0%
Modified FFO

$75.4M

Previous: $81.2M-7.2%
Modified FFO per share

$0.34

Previous: $0.37-8.1%
Total Debt Outstanding

$1.62B

No prior period
Debt to Total Capitalization

34.6%

No prior period
RevPAR

$94.31

Previous: $97.15-2.9%
Net Income

$29.6M

Previous: $29.8M-0.7%
Operating Income

$49.6M

Previous: $49.9M-0.6%

Revenue & EPS history

Apple Hospitality · Revenue · Quarterly

$326M

Q4 2025-2%vs Q4 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Apple Hospitality · $341M total across 2 segments · Q3 2023

  • Room Revenue
    $327M—
  • Food & Beverage
    $13.6M—

Forward guidance

Management discussed 2026 operating priorities and capital allocation for the lodging REIT portfolio; specific quantitative FY2026 EPS guidance was not issued in the Q4 release.

Tailwinds

  • Diversified select-service portfolio across U.S. markets.
  • Strong balance sheet supports dividends and selective acquisitions.
  • Adjusted EBITDAre and MFFO metrics remain focus for investors.

Headwinds

  • Comparable hotel EBITDA pressured by softer RevPAR trends.
  • Full-year net income declined 18% YoY to $175.4M.
  • Labor and operating cost inflation remain headwinds for hotel margins.

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 2025

Historical avgQ4 2025

-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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