Apple Hospitality Earnings Reports

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.

Apple Hospitality REIT reported strong operating performance for the third quarter ended September 30, 2024. Comparable Hotels RevPAR increased by approximately 1% compared to the third quarter of 2023. The Company strategically acquired two hotels for $196 million, sold three hotels for $41 million, and repurchased 2.4 million common shares for $35 million.

Apple Hospitality REIT reported a positive second quarter in 2024, with comparable hotels occupancy increasing to 80%, RevPAR improving by 2.5%, and Adjusted EBITDAre rising by 9%. The company strategically acquired and disposed of hotel properties, repurchased shares, and maintained a strong balance sheet.

Apple Hospitality REIT reported a net income of $54.05 million for Q1 2024, a 64.2% increase compared to Q1 2023. Comparable Hotels RevPAR remained stable at $111.09. The Company acquired the AC Hotel Washington DC Convention Center and sold two hotels in Rogers, Arkansas.

Apple Hospitality REIT reported a net income of $20.8 million for Q4 2023, a significant increase compared to $2.3 million in Q4 2022. Comparable Hotels RevPAR increased by 2.4% to $105.01, and the Company acquired five high-quality hotels during the quarter.

Apple Hospitality REIT reported a solid third quarter in 2023, with Comparable Hotels RevPAR increasing by 3% compared to the same period in 2022. This growth was fueled by improvements in both occupancy and ADR. The Company also continued its strategic portfolio growth with acquisitions and maintained a strong balance sheet.

Apple Hospitality REIT reported a net income of $65.3 million for the second quarter of 2023. Comparable Hotels RevPAR increased by 5% year-over-year, driven by improvements in both occupancy and ADR. The Company acquired the Courtyard Cleveland University Circle and continues to pursue strategic acquisitions to enhance shareholder value.

Apple Hospitality REIT, Inc. reported strong operating fundamentals for the first quarter ended March 31, 2023, driven by continued strength in leisure demand and increased business travel. Comparable Hotels RevPAR increased by 19%, ADR increased by 11%, and Occupancy was up by more than 7% as compared to first quarter 2022.

Apple Hospitality REIT reported its Q4 2022 earnings, with RevPAR growth of approximately 7% compared to Q4 2019, driven by meaningful improvement in rate. The Company acquired two hotels for a total combined purchase price of $85 million. The Company's total debt to total capitalization, net of cash and cash equivalents, was approximately 28%.

Apple Hospitality REIT, Inc. reported strong second-quarter results with RevPAR, Adjusted EBITDAre, and Adjusted Hotel EBITDA exceeding pre-pandemic levels. The company achieved an occupancy of 78%, ADR of $153, and RevPAR of $119 for its portfolio.

Apple Hospitality REIT reported strong first-quarter results for 2022, with occupancy at 67%, ADR at $137.03, and RevPAR at $91.98. The company achieved Adjusted EBITDAre of $78 million and MFFO of $63 million, or $0.28 per share. Positive momentum has continued into April, with preliminary RevPAR exceeding April 2019 levels.

Apple Hospitality REIT, Inc. reported strong operating fundamentals for Q4 2021, achieving its strongest performance since the start of the pandemic. RevPAR was $88.43, occupancy was 68%, and ADR was $131.04. The Company reinstated monthly distributions with a March payment of $0.05 per share.

Apple Hospitality REIT reported net income of $31.8 million for the third quarter of 2021, a significant increase compared to the net loss of $40.9 million in the same period of 2020. The Company's RevPAR for the quarter was $100.14, driven by occupancy of 71.5% and ADR of $140.02. Adjusted EBITDAre was $92 million and MFFO was $76 million.

Apple Hospitality REIT reported a net income of $20.3 million for Q2 2021, a significant improvement from the $(78.2) million loss in Q2 2020. The company achieved an occupancy of 70.7%, ADR of $120.56, and RevPAR of $85.28. Adjusted EBITDAre was approximately $86 million, and MFFO was approximately $68 million.

Apple Hospitality REIT reported a net loss of $46.4 million for Q1 2021. However, the company saw strengthening performance across its portfolio with occupancy growth exceeding internal expectations. Adjusted EBITDAre was approximately $27 million, and Comparable Hotels Adjusted Hotel EBITDA Margin was approximately 23%.

Apple Hospitality REIT reported a challenging fourth quarter due to the ongoing COVID-19 pandemic, with a net loss of $51.2 million. Despite the difficulties, all hotels remained open with enhanced safety measures, and the company focused on cost management and capturing available demand.

Apple Hospitality REIT reported results for Q3 2020, highlighting the strength of its diversified portfolio. The company was first among publicly traded lodging REITs to generate positive cash flow and achieved positive Adjusted Hotel EBITDA and MFFO during the quarter.

Apple Hospitality REIT reported a challenging second quarter of 2020 due to the COVID-19 pandemic. The company focused on maintaining liquidity, reducing expenses, and maximizing hotel operating results. Despite declines in rate and occupancy, they achieved positive Adjusted Hotel EBITDA for the quarter and positive Adjusted EBITDAre for June. They estimate slightly positive cash flow for July.

Apple Hospitality REIT reported a decline in revenue and operating results for the first quarter of 2020 due to the COVID-19 pandemic. The company has taken measures to mitigate the impact, including cost reductions, enhanced sales efforts, and drawing down its revolving credit facility.

Apple Hospitality REIT reported their Q4 and full year 2019 results. They acquired a 55-room independent boutique hotel in Richmond, Virginia during the fourth quarter for approximately $7 million. They sold the 122-room Courtyard by Marriott in Winston-Salem, North Carolina, and the 109-room Hampton Inn by Hilton in Fort Lauderdale, Florida during the fourth quarter for approximately $7 million and $20 million, respectively.