Apple Hospitality REIT
Owns rooms-focused Hilton and Marriott hotels operated by third-party managers.
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Profile
Owns rooms-focused hotels across the United States, primarily under Hilton and Marriott brands, and earns revenue from rooms, food and beverage, and related services. Properties operate through third-party managers, while a central team directs asset performance, renovations, acquisitions, and sales.
Owns a nationwide portfolio of 216 rooms-focused hotels, primarily under Hilton and Marriott brands. Hilton Garden Inn, Hampton, Courtyard, Residence Inn, and Homewood Suites anchor the mix, joined by smaller Hyatt and independent holdings across urban, suburban, airport, resort, and interstate markets.
Earns revenue from guest rooms, food and beverage, and related hotel services. A centralized asset-management team benchmarks property performance, reallocates hotels among third-party operators, renovates properties, and recycles capital through acquisitions and sales; individual hotels are run under separate management agreements.
Relies on Hilton and Marriott franchise systems for brands, reservations, and loyalty programs, while unaffiliated managers handle daily operations. REIT rules route hotel operations through a taxable subsidiary and eligible independent contractors, linking results to lodging demand, franchise compliance, and manager execution.
Company facts
Key statistics
Year to date +37.3% · Average volume (30d) 2.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 7, 2026 | Compass Point | Upgrade | Neutral | Buy | $18.50 | |
| Jul 23, 2026 | Wells Fargo | Reiterate | Equal Weight | $18 | $17 | |
| Jul 21, 2026 | Barclays | Downgrade | Overweight | Equal Weight | $16 | $17 |
| Jun 12, 2026 | BMO Capital | Reiterate | Market Perform | $18 | $16 | |
| Jun 1, 2026 | Barclays | Reiterate | Overweight | $14 | $16 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.27 | $0.28 | +4.9% | $391.9M | $402.6M | +2.7% | −3.38% |
| May 4, 2026Q1 FY26 | $0.11 | $0.34 | +209.1% | $327.8M | $337.7M | +3.0% | +3.42% |
| Feb 23, 2026Q4 FY25 | $0.13 | $0.31 | +138.5% | $322.6M | $326.4M | +1.2% | −0.49% |
| Nov 3, 2025Q3 FY25 | $0.40 | $0.42 | +5.0% | $322.7M | $373.9M | +15.8% | −2.10% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $327.7M | $384.4M | $373.9M | $326.4M | $337.7M | $402.6M | |
| Gross profit | $104.5M | $140.9M | $279.9M | $3.3M | $9.3M | $175.0M | |
| Operating income | $50.9M | $84.9M | $72.5M | $44.4M | $48.0M | $88.2M | |
| Net income | $31.2M | $63.6M | $50.9M | $29.6M | $27.7M | $67.1M | |
| Diluted EPS | $0.13 | $0.27 | $0.21 | $0.13 | $0.12 | $0.28 | |
| Gross margin | 31.9% | 36.7% | 74.9% | 1.0% | 2.7% | 43.5% | |
| Operating margin | 15.5% | 22.1% | 19.4% | 13.6% | 14.2% | 21.9% |
Fiscal years (4-quarter sums)FY21 $933.9M · FY22 $1.24B · FY23 $1.34B · FY24 $1.43B · FY25 $1.41B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $10.2M · Total debt $112.4M · Total assets $4.87B · Shareholders' equity $3.14B
Dividends
Raised for 4 straight years — most recently to $0.08 from $0.07 in Nov 2022. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 31, 2026 | Jul 31 | Aug 17 | $0.08 | |
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.08 | |
| May 29, 2026 | May 29 | Jun 15 | $0.08 | |
| Apr 30, 2026 | Apr 30 | May 15 | $0.08 | |
| Mar 31, 2026 | Mar 31 | Apr 15 | $0.08 | |
| Feb 27, 2026 | Feb 27 | Mar 16 | $0.08 | |
| Jan 30, 2026 | Jan 30 | Feb 17 | $0.08 | |
| Dec 31, 2025 | Dec 31 | Jan 15 | $0.08 |
Ownership
Shares outstanding 236.07M · Float 218.57M · 92.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 39.73M | 16.83% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 22.77M | 9.65% | 13F | Aug 13, 2026 |
| State Street Corp | 12.69M | 5.38% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 9.62M | 4.07% | 13F | Aug 13, 2026 |
| Fuller & Thaler Asset Management, Inc. | 8.30M | 3.51% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 11, 2026 | Glade M. Knight | director, officer: Executive Chairman | +5,000 | $13.97 |
| Dec 11, 2025 | Glade M. Knight | director, officer: Executive Chairman | +5,000 | $11.91 |
| Nov 13, 2025 | Redd Hugh | director | +1,000 | $11.75 |
| Nov 11, 2025 | Howard E. Woolley | director | +2,000 | $11.94 |
Peers
- Host Hotels & Resorts
Largest US lodging REIT; 76 luxury and upper-upscale full-service hotels
- Park Hotels & Resorts
Hilton-spun lodging REIT; 34 premium hotels in US gateway cities and resorts
- DiamondRock Hospitality
35-property US lodging REIT targeting luxury resorts and urban gateway markets
- Sunstone Hotel Investors
Upper-upscale/luxury lodging REIT; 14 full-service hotels, ~7,000 rooms
- Xenia Hotels & Resorts
30-property US luxury/upper-upscale hotel REIT; full-service, group-demand focus
- Pebblebrook Hotel Trust
Urban and resort lifestyle REIT; 44 upper-upscale full-service properties
- Ryman Hospitality Properties
Lodging REIT owning large Gaylord convention hotels and entertainment venues
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Apple Hospitality REIT | $16.68 | +0.72% | $3.91B | 22.4 | 23.2 | 2.7 | +4.7% |
| Host Hotels & Resorts | $22.40 | +0.63% | $15.26B | 15.2 | 22.3 | 2.5 | +3.4% |
| Park Hotels & Resorts | $15.83 | −0.09% | $3.19B | — | 28.1 | 1.3 | +1.2% |
| DiamondRock Hospitality | $12.70 | 0.00% | $2.60B | 17.4 | 20.1 | 2.3 | +4.1% |
| Sunstone Hotel Investors | $11.33 | −0.13% | $2.11B | 46.0 | 52.5 | 2.1 | +6.7% |
| Xenia Hotels & Resorts | $19.62 | +0.87% | $1.80B | — | 38.1 | 1.6 | +2.8% |
| Pebblebrook Hotel Trust | $18.49 | −0.05% | $2.09B | — | — | 1.4 | −0.1% |
| Ryman Hospitality Properties | $129.33 | −0.01% | $8.16B | 31.5 | 27.0 | 3.0 | +13.6% |
| Median | 24.4 | 27.5 | 2.1 | +3.4% |