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%
RevPAR

$94.31

Previous: $97.15-2.9%
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
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 14 quarters(71%)
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 20 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
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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