Apple Hospitality Reit, Inc. · NYSE:APLE
Apple Hospitality Reit — Q1 2026 Earnings Presentation
20 slides from Apple Hospitality Reit's earnings presentation, May 5, 2026
Slide 1: Apple Hospitality REIT Reports Results of Operations for First Quarter 2026
Apple Hospitality REIT Reports Results of Operations for First Quarter 2026 RICHMOND, Va. (May 4, 2026) – Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced results of operations for the first quarter ended March 31, 2026. Apple Hospitality REIT, Inc. Se
Slide 2: CEO commentary and operating performance
Justin Knight, Chief Executive Officer of Apple Hospitality, commented, “We are pleased to report a stronger-than- anticipated start to 2026, with first quarter Comparable Hotels RevPAR growth of more than 2% despite a challenging comparison to the first quarter of 2025 which benefited from wildfire
Slide 3: Transactional activity, balance sheet, distributions and monthly performance
• Transactional activity: During the first quarter 2026, the Company entered into a contract for the sale of its 124- room Hampton Inn & Suites Rochester-North, in Rochester, Minnesota, for a gross sales price of approximately $8.7 million. The Company completed the sale of the hotel in April 2026.
Slide 4: Dispositions, Capital Improvements, Balance Sheet and Liquidity
Dispositions In April 2026, the Company sold the 124-room Hampton Inn & Suites Rochester-North, in Rochester, Minnesota, for a gross sales price of approximately $8.7 million. Capital Improvements Apple Hospitality consistently reinvests in its hotels to maintain and enhance each property’s relevanc
Slide 5: Updated 2026 Outlook
cycles, acquisitions, dispositions, other cash requirements and the Company’s REIT status for federal income tax purposes, and may make adjustments as it deems appropriate. Updated 2026 Outlook The Company is updating its operational and financial outlook for 2026. This outlook, which is based on ma
Slide 6: About Apple Hospitality and Non-GAAP Financial Measures
About Apple Hospitality REIT, Inc. Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (“REIT”) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality’s portfolio consists of 216 hotels
Slide 7: Forward-looking statements
disruptions; adverse changes in the real estate and real estate capital markets; financing risks; changes in interest rates; litigation risks; regulatory proceedings or inquiries; and changes in laws or regulations or interpretations of current laws and regulations that impact the Company’s business
Slide 8: Consolidated Balance Sheets
Apple Hospitality REIT, Inc. Consolidated Balance Sheets (in thousands, except share data) March 31, December 31, 2026 2025 (unaudited) Assets Investment in real estate, net of accumulated depreciation and amortization of $2,012,971 and $1,972,264, respectively $4,757,452 $4,787,864 Assets held for
Slide 9: Consolidated Statements of Operations and Comprehensive Income
Apple Hospitality REIT, Inc. Consolidated Statements of Operations and Comprehensive Income (Unaudited) (in thousands, except per share data) Three Months Ended March 31, 2026 2025 Revenues: Room $ 304,657 $ 296,864 Food and beverage 16,300 15,511 Other 16,784 15,327 Total revenue 337,741 327,702 Ex
Slide 10: Comparable Hotels Operating Metrics and Statistical Data
Apple Hospitality REIT, Inc. Comparable Hotels Operating Metrics and Statistical Data (Unaudited) (in thousands, except statistical data) Three Months Ended March 31, % Change 2026 2025 2025 Operating income (Actual) $48,013 $50,859 (5.6%) Operating margin % (Actual) 14.2% 15.5% (130 bps) Comparable
Slide 11: Comparable Hotels Quarterly Operating Metrics and Statistical Data
Apple Hospitality REIT, Inc. Comparable Hotels Quarterly Operating Metrics and Statistical Data (Unaudited) (in thousands, except statistical data) 2025 2026 Q1 Q2 Q3 Q4 Q1 Operating income (Actual) $50,859 $84,851 $72,497 $49,597 $48,013 Operating margin % (Actual) 15.5% 22.1% 19.4% 15.2% 14.2% Com
Slide 12: Same Store Hotels Operating Metrics and Statistical Data
Apple Hospitality REIT, Inc. Same Store Hotels Operating Metrics and Statistical Data (Unaudited) (in thousands, except statistical data) Three Months Ended March 31, % Change 2026 2025 2025 Operating income (Actual) $48,013 $50,859 (5.6%) Operating margin % (Actual) 14.2% 15.5% (130 bps) Same Store
Slide 13: Same Store Hotels Quarterly Operating Metrics and Statistical Data
Apple Hospitality REIT, Inc. Same Store Hotels Quarterly Operating Metrics and Statistical Data (Unaudited) (in thousands, except statistical data) 2025 2026 Q1 Q2 Q3 Q4 Q1 Operating income (Actual) $50,859 $84,851 $72,497 $49,597 $48,013 Operating margin % (Actual) 15.5% 22.1% 19.4% 15.2% 14.2% Sam
Slide 14: Reconciliation of Net Income to EBITDA, EBITDAre, Adjusted EBITDAre and Adjusted Hotel EBITDA
Apple Hospitality REIT, Inc. Reconciliation of Net Income to EBITDA, EBITDAre, Adjusted EBITDAre and Adjusted Hotel EBITDA (Unaudited) (in thousands) EBITDA is a commonly used measure of performance in many industries and is defined as net income (loss) excluding interest, income taxes, depreciation
Slide 15: Quarterly reconciliation of net income to Adjusted Hotel EBITDA
2025 2026 Q1 Q2 Q3 Q4 Q1 Net income $31,221 $63,648 $50,880 $29,615 $27,699 Depreciation and amortization 47,941 48,022 48,100 48,564 49,537 Amortization of favorable and unfavorable operating leases, net 102 102 102 102 102 Interest and other expense, net 19,397 20,963 21,375 19,746 20,072 Income t
Slide 16: Reconciliation of Net Income to FFO and MFFO
Apple Hospitality REIT, Inc. Reconciliation of Net Income to FFO and MFFO (Unaudited) (in thousands) The Company calculates and presents FFO in accordance with standards established by Nareit, which defines FFO as net income (loss) (computed in accordance with GAAP), excluding gains and losses from
Slide 17: 2026 Guidance Reconciliation of Net Income to EBITDA and Adjusted Hotel EBITDA
Apple Hospitality REIT, Inc. 2026 Guidance Reconciliation of Net Income to EBITDA, EBITDAre, Adjusted EBITDAre, Adjusted Hotel EBITDA and Comparable Hotels Adjusted Hotel EBITDA (Unaudited) (in thousands) The guidance of net income, EBITDA, EBITDAre, Adjusted EBITDAre, Adjusted Hotel EBITDA and Comp
Slide 18: Debt Summary
Apple Hospitality REIT, Inc. Debt Summary (Unaudited) ($ in thousands) March 31, 2026 April 1 - Fair December Market 31, 2026 2027 2028 2029 2030 Thereafter Total Value Total debt: Maturities $ 292,147 $ 278,602 $ 334,066 $ 162,294 $ 460,016 $ 44,638 $ 1,571,763 $ 1,552,811 Average interest rates (1
Slide 19: Comparable Hotels Operating Metrics by Market
Apple Hospitality REIT, Inc. Comparable Hotels Operating Metrics by Market Three Months Ended March 31 (Unaudited) % of Adjusted Top 30 Markets Occupancy ADR RevPAR Hotel EBITDA # of Hotels Q1 2026 Q1 2025 % Change Q1 2026 Q1 2025 % Change Q1 2026 Q1 2025 % Change Q1 2026 Top 30 Markets Phoenix, AZ
Slide 20: Comparable Hotels Operating Metrics by Location
Apple Hospitality REIT, Inc. Comparable Hotels Operating Metrics by Location Three Months Ended March 31 (Unaudited) % of Adjusted Location Occupancy ADR RevPAR Hotel EBITDA # of Hotels Q1 2026 Q1 2025 % Change Q1 2026 Q1 2025 % Change Q1 2026 Q1 2025 % Change Q1 2026 STR Location Airport 20 85.6% 8
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