Earnings Releases·Nov 5, 2026, 4:15 PM ET

Apple Hospitality REIT — Third Quarter 2026 Earnings Summary

Net income rose 18.9% YoY to $60.47 million for the quarter, with MFFO per share increasing 16.3% YoY to $0.50, while total revenue grew 6.5% to $398.3 million.
Management raised full-year 2026 guidance for net income ($177M–$192M), Adjusted EBITDAre ($482M–$493M), and Comparable Hotels RevPAR growth (5.1%–6.1%), citing sustained demand momentum and muted new supply.
Strategic capital recycling continues with four hotels (387 rooms) held for sale and two forward-purchase contracts signed for properties in Anchorage and Las Vegas, while $49.6 million in mortgage debt was repaid post-quarter.
Balance sheet strength was reinforced through credit facility amendments extending maturities to 2029, with no significant debt maturities until then and $242.5 million remaining under the share repurchase program.
Comparable hotels delivered strong operational metrics with ADR up 4.3% and occupancy up 2.8% YoY, outperforming industry averages, though distributions per share remained flat at $0.24.