Apple Hospitality REIT, Inc. (APLE) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Apple Hospitality REIT reported revenue of $1.41B, down 1.3% from $1.43B the year before. Net income was $175.4M (a 12.4% net margin), or $0.74 per diluted share. Gross margin was 40.0% and operating margin was 18.3%. Operating activities generated $370.2M of cash, leaving $282.0M of free cash flow. At fiscal year end, Apple Hospitality REIT held $4.90B in total assets against $1.75B in total liabilities, including $8.5M of cash and equivalents.
Open the full interactive Apple Hospitality REIT financials → Quarterly statements, key ratios, valuation history and price charts.
Apple Hospitality REIT Key Stats
| Share Price | $16.55 |
|---|---|
| Market Cap | $3.91B |
| P/E Ratio | 22.4 |
| Revenue YoY Growth | -1.3% |
| 52-Week Range | $10.47 – $16.82 |
| Shares Outstanding | 236.2 million (basic, 2026 Q2) |
Apple Hospitality REIT Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $601.9M | $933.9M | $1.24B | $1.34B | $1.43B | $1.41B |
| Cost of Goods Sold | $402.3M | $542.2M | $710.5M | $780.7M | $837.9M | $847.3M |
| Gross Profit | $199.6M | $391.7M | $527.9M | $563.1M | $593.6M | $565.1M |
| Operating Income | -$102.0M | $87.0M | $206.5M | $247.5M | $292.8M | $257.8M |
| Pre-Tax Income | -$172.9M | $19.3M | $146.7M | $178.6M | $215.0M | $176.3M |
| Income Tax | $332,000 | $468,000 | $1.9M | $1.1M | $947,000 | $959,000 |
| Net Income | -$173.2M | $18.8M | $144.8M | $177.5M | $214.1M | $175.4M |
| Diluted EPS | -$0.77 | $0.08 | $0.63 | $0.77 | $0.89 | $0.74 |
Apple Hospitality REIT Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $373.9M | $326.4M | $337.7M | $402.6M |
| Net Income | $50.9M | $29.6M | $27.7M | $67.1M |
| Diluted EPS | $0.21 | $0.12 | $0.12 | $0.28 |
Apple Hospitality REIT Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.6M | $3.3M | $4.1M | $10.3M | $10.3M | $8.5M |
| Total Assets | $4.83B | $4.79B | $4.77B | $4.94B | $4.97B | $4.90B |
| Total Long-Term Debt | $1.48B | $1.44B | $1.37B | $1.37B | $1.47B | $1.54B |
| Total Liabilities | $1.80B | $1.64B | $1.59B | $1.61B | $1.70B | $1.75B |
| Shareholders' Equity | $3.03B | $3.15B | $3.18B | $3.32B | $3.27B | $3.15B |
Apple Hospitality REIT Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $26.7M | $217.6M | $368.4M | $399.0M | $405.4M | $370.2M |
| Cash From Investing | -$82.3M | -$150.7M | -$135.9M | -$364.6M | -$215.7M | -$135.4M |
| Cash From Financing | $55.2M | -$61.3M | -$229.0M | -$34.3M | -$189.2M | -$239.5M |
| Free Cash Flow | — | — | — | — | $327.1M | $282.0M |
Figures from Apple Hospitality REIT's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Apple Hospitality REIT financials page for every line item.
Apple Hospitality REIT Company Profile
| Ticker | APLE |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Richmond, Virginia |
| Incorporated in | Virginia |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001418121 |
Frequently Asked Questions
What was Apple Hospitality REIT's revenue in fiscal 2025?
Apple Hospitality REIT (APLE) reported revenue of $1.41B for fiscal 2025.
What is Apple Hospitality REIT's annual revenue history?
Apple Hospitality REIT's annual revenue by fiscal year: 2020: $601.9M; 2021: $933.9M; 2022: $1.24B; 2023: $1.34B; 2024: $1.43B; 2025: $1.41B.
What was Apple Hospitality REIT's net income in fiscal 2025?
Apple Hospitality REIT reported net income of $175.4M for fiscal 2025.
What was Apple Hospitality REIT's earnings per share (EPS) in fiscal 2025?
Apple Hospitality REIT's diluted EPS was $0.74 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Apple Hospitality REIT generate in fiscal 2025?
Apple Hospitality REIT generated $282.0M of free cash flow in fiscal 2025.
What was Apple Hospitality REIT's revenue last quarter?
In its most recent reported quarter (2026 Q2), Apple Hospitality REIT reported revenue of $402.6M.
How much debt does Apple Hospitality REIT have?
Apple Hospitality REIT reported $1.54B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Apple Hospitality REIT are outstanding?
Apple Hospitality REIT reported a weighted average of 236.2 million basic shares outstanding in 2026 Q2.
What is Apple Hospitality REIT's market cap?
Based on its latest closing price, Apple Hospitality REIT (APLE) has a market capitalization of about $3.91B.
When does Apple Hospitality REIT's fiscal year end?
Apple Hospitality REIT's fiscal year end, as registered with the SEC, is December 31.
Where is Apple Hospitality REIT headquartered?
Apple Hospitality REIT lists its business address in Richmond, Virginia in its SEC filings.