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Jun 30, 2022
Apple Hospitality Q2 2022 Earnings Report
Apple Hospitality's performance strengthened, exceeding expectations and surpassing 2019 results due to robust leisure demand and improving business demand.
Key Takeaways
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.
Portfolio performance continued to strengthen during the second quarter, exceeding expectations and surpassing 2019 results.
Occupancy of 78%, ADR of $153 and RevPAR of $119 were achieved for the portfolio in Q2 2022.
Adjusted EBITDAre of $126 million, Comparable Hotels Adjusted Hotel EBITDA Margin of approximately 40% and MFFO of approximately $111 million, or $0.48 per share were achieved for the quarter.
Refinanced primary unsecured credit facility in July, enhancing financial flexibility and bolstering liquidity position.
Revenue by Segment
Forward Guidance
The Company is providing the following full year 2022 outlook regarding certain corporate expenses, which is based on management’s current view and does not take into account any unanticipated developments in its business or changes in its operating environment:
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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