Apple Hospitality REIT Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Apple Hospitality REIT Inc reported revenue of $1.4B (-1.3% year on year) and net income of $175.4M (-18.1% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenue | $1.4B | $1.4B | $1.3B | $1.2B |
| Total hotel operating expense | $847.3M | $837.9M | $780.7M | $710.5M |
| Property taxes, insurance and other | $89.7M | $84.4M | $79.3M | $72.9M |
| General and administrative | $32.3M | $42.5M | $47.4M | $42.5M |
| Impairment of depreciable real estate | $5.7M | $3.1M | $5.6M | $26.2M |
| Depreciation and amortization | $192.6M | $190.6M | $183.2M | $181.7M |
| Total expense | $1.2B | $1.2B | $1.1B | $1.0B |
| Gain on sale of real estate | $13.1M | $19.7M | — | $1.8M |
| Operating income | $257.8M | $292.8M | $247.5M | $206.5M |
| Interest and other expense, net | ($81.5M) | ($77.7M) | ($68.9M) | ($59.7M) |
| Income before income taxes | $176.3M | $215.0M | $178.6M | $146.7M |
| Income tax expense | ($959.0K) | ($947.0K) | ($1.1M) | ($1.9M) |
| Net income | $175.4M | $214.1M | $177.5M | $144.8M |
| Interest rate derivatives | ($13.3M) | ($4.8M) | ($16.5M) | $52.4M |
| Comprehensive income | $162.0M | $209.2M | $161.0M | $197.2M |
| Basic net income per common share | $0.74 | $0.89 | $0.77 | $0.63 |
| Diluted net income per common share | $0.74 | $0.89 | $0.77 | $0.63 |
| Weighted average common shares outstanding - basic (in Shares) | 237.8M | 241.3M | 229.3M | 228.9M |
| Weighted average common shares outstanding - diluted (in Shares) | 237.8M | 241.3M | 229.3M | 228.9M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total revenue | $402.6M | $337.7M | $373.9M | $384.4M |
| Total hotel operating expense | $227.6M | $206.9M | $222.0M | $220.6M |
| Property taxes, insurance and other | $21.8M | $22.5M | $22.4M | $22.9M |
| General and administrative | $13.2M | $10.8M | $7.5M | $8.1M |
| Impairment of depreciable real estate | $2.3M | — | $5.7M | — |
| Depreciation and amortization | $49.7M | $49.5M | $48.1M | $48.0M |
| Total expense | $314.5M | $289.7M | $305.8M | $299.5M |
| Gain on sale of real estate | $112.0K | $0 | $4.4M | — |
| Operating income | $88.2M | $48.0M | $72.5M | $84.9M |
| Interest and other expense, net | ($20.8M) | ($20.1M) | ($21.4M) | ($21.0M) |
| Income before income taxes | $67.3M | $27.9M | $51.1M | $63.9M |
| Income tax expense | ($260.0K) | ($242.0K) | ($242.0K) | ($240.0K) |
| Net income | $67.1M | $27.7M | $50.9M | $63.6M |
| Interest rate derivatives | $3.3M | $2.8M | ($1.4M) | ($4.3M) |
| Comprehensive income | $70.4M | $30.5M | $49.5M | $59.3M |
| Basic net income per common share | $0.28 | $0.12 | $0.21 | $0.27 |
| Diluted net income per common share | $0.28 | $0.12 | $0.21 | $0.27 |
| Weighted average common shares outstanding - basic (in Shares) | 236.2M | 236.1M | 237.1M | 237.7M |
| Weighted average common shares outstanding - diluted (in Shares) | 236.2M | 236.1M | 237.1M | 237.7M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Investment in real estate, net of accumulated depreciation and amortization of $1,972,264 and $1,821,344, respectively | $4.8B | $4.8B | $4.8B | $4.6B |
| Assets held for sale | $0 | $17.0M | $15.3M | — |
| Cash and cash equivalents | $8.5M | $10.3M | $10.3M | $4.1M |
| Restricted cash-furniture, fixtures and other escrows | $30.9M | $33.8M | $33.3M | $39.4M |
| Due from third party managers, net | $33.0M | $34.5M | $36.4M | $43.3M |
| Other assets, net | $41.9M | $53.6M | $64.6M | $74.9M |
| Total Assets | $4.9B | $5.0B | $4.9B | $4.8B |
| Debt, net | $1.5B | $1.5B | $1.4B | $1.4B |
| Finance lease liabilities | $111.1M | $111.6M | $111.9M | $112.0M |
| Accounts payable and other liabilities | $103.9M | $121.0M | $129.9M | $116.1M |
| Total Liabilities | $1.8B | $1.7B | $1.6B | $1.6B |
| Preferred stock, authorized 30,000,000 shares; none issued and outstanding | 0 | 0 | 0 | 0 |
| Common stock, no par value, authorized 800,000,000 shares; issued and outstanding 235,635,813 and 239,765,905 shares, respectively | 4.7B | 4.8B | 4.8B | 4.6B |
| Accumulated other comprehensive income | $2.3M | $15.6M | $20.4M | $36.9M |
| Accumulated distributions greater than net income | ($1.6B) | ($1.5B) | ($1.5B) | ($1.4B) |
| Total Shareholders' Equity | $3.1B | $3.3B | $3.3B | $3.2B |
| Total Liabilities and Shareholders' Equity | $4.9B | $5.0B | $4.9B | $4.8B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Investment in real estate, net of accumulated depreciation and amortization of $2,062,456 and $1,972,264, respectively | $4.7B | $4.8B | $4.7B | $4.8B |
| Cash and cash equivalents | $10.2M | $7.8M | $50.3M | $7.9M |
| Restricted cash-furniture, fixtures and other escrows | $8.8M | $12.9M | $35.1M | $33.9M |
| Due from third party managers, net | $70.8M | $64.6M | $52.8M | $64.4M |
| Other assets, net | $47.3M | $43.0M | $47.0M | $46.9M |
| Total Assets | $4.9B | $4.9B | $4.9B | $4.9B |
| Debt, net | $1.5B | $1.6B | $1.5B | $1.5B |
| Finance lease liabilities | $110.8M | $110.9M | $111.2M | $111.4M |
| Accounts payable and other liabilities | $110.8M | $91.1M | $104.4M | $93.1M |
| Total Liabilities | $1.7B | $1.8B | $1.7B | $1.7B |
| Preferred stock, authorized 30,000,000 shares; none issued and outstanding | 0 | 0 | 0 | 0 |
| Common stock, no par value, authorized 800,000,000 shares; issued and outstanding 236,082,698 and 235,635,813 shares, respectively | 4.7B | 4.7B | 4.7B | 4.7B |
| Accumulated other comprehensive income | $8.4M | $5.1M | $2.8M | $4.2M |
| Accumulated distributions greater than net income | ($1.6B) | ($1.6B) | ($1.5B) | ($1.5B) |
| Total Shareholders' Equity | $3.1B | $3.1B | $3.2B | $3.2B |
| Total Liabilities and Shareholders' Equity | $4.9B | $4.9B | $4.9B | $4.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $175.4M | $214.1M | $177.5M | $144.8M |
| Depreciation and amortization | $192.6M | $190.6M | $183.2M | $181.7M |
| Impairment of depreciable real estate | $5.7M | $3.1M | $5.6M | $26.2M |
| Gain on sale of real estate | ($13.1M) | ($19.7M) | — | ($1.8M) |
| Other non-cash expenses, net | $7.0M | $8.4M | $8.7M | $8.7M |
| Decrease in due from third party managers, net | $1.6M | $1.4M | $7.1M | ($3.4M) |
| Decrease (increase) in other assets, net | $882.0K | $1.6M | ($6.1M) | ($1.7M) |
| Increase in accounts payable and other liabilities | $203.0K | $6.0M | $23.0M | $14.0M |
| Net cash provided by operating activities | $370.2M | $405.4M | $399.0M | $368.4M |
| Acquisition of hotel properties, net | ($116.6M) | ($197.4M) | ($291.4M) | ($84.8M) |
| Disbursements for potential acquisitions, net | ($3.4M) | ($349.0K) | ($1.2M) | — |
| Capital improvements | ($87.4M) | ($80.3M) | ($72.1M) | ($59.4M) |
| Net proceeds from sale of real estate | $72.1M | $62.3M | — | $8.3M |
| Net cash used in investing activities | ($135.4M) | ($215.7M) | ($364.6M) | ($135.9M) |
| Net (disbursements) proceeds related to issuance of common shares | -504.0K | -483.0K | 215.9M | -265.0K |
| Repurchases of common shares | -58.3M | -34.7M | -6.9M | -2.7M |
| Common shares surrendered to satisfy employee withholding requirements | -4.5M | -7.8M | -8.0M | -6.3M |
| Distributions paid to common shareholders | ($240.4M) | ($243.7M) | ($238.3M) | ($139.5M) |
| Proceeds from revolving credit facility | $234.0M | $407.9M | — | ($76.0M) |
| Payments on revolving credit facility | ($255.5M) | ($325.4M) | — | — |
| Proceeds from term loans and senior notes | $385.0M | $45.0M | $50.0M | $175.0M |
| Payments on term loans and senior notes | ($225.0M) | — | — | — |
| Payments of mortgage debt and other loans | ($70.0M) | ($28.7M) | ($46.2M) | ($168.8M) |
| Principal payments on finance leases | ($703.0K) | ($515.0K) | ($340.0K) | ($173.0K) |
| Financing costs | ($3.5M) | ($823.0K) | ($506.0K) | ($10.2M) |
| Net cash used in financing activities | ($239.5M) | ($189.2M) | ($34.3M) | ($229.0M) |
| Net change in cash, cash equivalents and restricted cash | ($4.6M) | $449.0K | $106.0K | $3.6M |
| Interest paid, net | $79.8M | $75.6M | $67.8M | $57.7M |
| Income taxes paid | $1.0M | $876.0K | $1.3M | $1.7M |
| Accrued distribution to common shareholders | $18.9M | $31.2M | $31.4M | $36.6M |
| Accrued capital expenditures | $14.6M | $13.7M | $15.8M | — |
| Cash and cash equivalents, beginning of period | $10.3M | $10.3M | $4.1M | $3.3M |
| Restricted cash-furniture, fixtures and other escrows, beginning of period | $33.8M | $33.3M | $39.4M | $36.7M |
| Cash, cash equivalents and restricted cash, beginning of period | $44.1M | $43.6M | $43.5M | $39.9M |
| Cash and cash equivalents, end of period | $8.5M | $10.3M | $10.3M | $4.1M |
| Restricted cash-furniture, fixtures and other escrows, end of period | $30.9M | $33.8M | $33.3M | $39.4M |
| Cash, cash equivalents and restricted cash, end of period | $39.4M | $44.1M | $43.6M | $43.5M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $94.8M | $27.7M | $145.7M | $94.9M |
| Depreciation and amortization | $99.2M | $49.5M | $144.1M | $96.0M |
| Impairment of depreciable real estate | $2.3M | — | $5.7M | — |
| Gain on sale of real estate | ($112.0K) | $0 | ($7.9M) | ($3.6M) |
| Other non-cash expenses, net | $3.4M | $1.7M | $5.1M | $3.4M |
| Increase in due from third party managers, net | ($37.8M) | ($31.7M) | ($18.3M) | ($29.9M) |
| Increase in other assets, net | ($3.3M) | ($551.0K) | ($1.5M) | ($3.5M) |
| Increase in accounts payable and other liabilities | $15.3M | $2.1M | $11.5M | $688.0K |
| Net cash provided by operating activities | $173.8M | $48.9M | $284.4M | $157.9M |
| Acquisition of hotel properties, net | $0 | — | ($18.9M) | ($18.9M) |
| Disbursements for potential acquisitions, net | ($7.0K) | $0 | ($3.7M) | ($35.0K) |
| Capital improvements | ($50.0M) | ($35.8M) | ($58.8M) | ($41.6M) |
| Net proceeds from sale of real estate | $8.6M | $0 | $36.2M | $20.6M |
| Net cash used in investing activities | ($41.4M) | ($35.8M) | ($45.1M) | ($39.8M) |
| Net proceeds (disbursements) related to issuance of common shares | 139.0K | 211.0K | — | — |
| Repurchases of common shares | 0 | 0 | -45.2M | -43.2M |
| Common shares surrendered to satisfy employee withholding requirements | -1.9M | -1.6M | -3.3M | -3.3M |
| Distributions paid to common shareholders | ($113.2M) | ($56.6M) | ($183.5M) | ($126.7M) |
| Proceeds from revolving credit facility | $89.1M | $70.1M | $173.0M | $173.0M |
| Payments on revolving credit facility | ($104.1M) | ($42.0M) | ($255.5M) | ($82.5M) |
| Payments of mortgage debt and other loans | ($22.5M) | ($1.6M) | ($39.1M) | ($37.1M) |
| Principal payments on finance leases | ($412.0K) | ($205.0K) | ($501.0K) | ($314.0K) |
| Net cash used in financing activities | ($152.9M) | ($31.7M) | ($198.0M) | ($120.4M) |
| Net change in cash, cash equivalents and restricted cash | ($20.5M) | ($18.6M) | $41.3M | ($2.2M) |
| Interest paid, net | $39.3M | $19.3M | $59.9M | $39.1M |
| Income taxes paid | $902.0K | $50.0K | $1.0M | $931.0K |
| Accrued distribution to common shareholders | $18.9M | $18.9M | $18.9M | $18.9M |
| Accrued capital expenditures | $14.3M | $6.3M | $4.6M | $4.4M |
| Cash and cash equivalents, beginning of period | $8.5M | $8.5M | $10.3M | $10.3M |
| Restricted cash-furniture, fixtures and other escrows, beginning of period | $30.9M | $30.9M | $33.8M | $33.8M |
| Cash, cash equivalents and restricted cash, beginning of period | $39.4M | $39.4M | $44.1M | $44.1M |
| Cash and cash equivalents, end of period | $10.2M | $7.8M | $50.3M | $7.9M |
| Restricted cash-furniture, fixtures and other escrows, end of period | $8.8M | $12.9M | $35.1M | $33.9M |
| Cash, cash equivalents and restricted cash, end of period | $18.9M | $20.8M | $85.4M | $41.8M |
Apple Hospitality REIT Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.