Apple Hospitality REIT (APLE) vs Independence Realty (IRT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Apple Hospitality REIT (APLE) has outperformed Independence Realty (IRT) over the past year, gaining 37.7% versus a loss of 11.0%. Over five years, APLE leads with a -0.3% price change compared with -32.2% for IRT. Apple Hospitality REIT is the larger company by market cap ($3.83 billion vs $3.52 billion), about 1.1 times the size, while Independence Realty is growing revenue faster (+2.8% vs -1.3%).
On valuation, Apple Hospitality REIT trades at a lower forward P/E (22.3x vs 182.1x for Independence Realty). Apple Hospitality REIT offers the higher dividend yield (5.92% vs 4.74%). Apple Hospitality REIT converts more of its revenue into profit, with a net margin of 12.4% versus 8.6%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | APLE | IRT |
|---|---|---|
| Share price | $16.22 | $14.57 |
| Market cap | $3.83B | $3.52B |
| 1-day change | +1.12% | +0.87% |
| YTD return | +35.36% | -17.39% |
| 1-year return | +37.68% | -11.03% |
| 5-year return | -0.31% | -32.24% |
| P/E ratio (TTM) | 21.92 | 80.92 |
| Forward P/E | 22.31 | 182.06 |
| EPS (TTM) | $0.74 | $0.18 |
| Dividend yield | 5.92% | 4.74% |
| Annual dividend | $0.96 | $0.69 |
| Revenue (latest FY) | $1.41B | $657.70M |
| Revenue growth (YoY) | -1.33% | +2.76% |
| Net income (latest FY) | $175.36M | $56.56M |
| Gross margin | 40.01% | — |
| Operating margin | 18.25% | — |
| Net margin | 12.42% | 8.60% |
| 52-week high | $17.28 | $17.79 |
| 52-week low | $10.85 | $14.33 |
| Distance from 52-week high | -6.13% | -18.13% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +5.86% | +32.30% |
| Average volume | 2.71M | 3.16M |
| Shares outstanding | 236.08M | 235.74M |
| Employees | 64 | 904 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- APLE has outperformed IRT by 48.7 percentage points over the past year.
- Independence Realty trades at a higher earnings multiple (80.9x vs 21.9x trailing P/E).
- Apple Hospitality REIT offers a meaningfully higher dividend yield (5.92% vs 4.74%).
About Apple Hospitality REIT
APLE stock →Apple Hospitality REIT, Inc. is a publicly traded real estate investment trust that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States.
Real Estate · Real Estate Investment Trusts · 64 employees
About Independence Realty
IRT stock →Independence Realty Trust, Inc., an S&P 400 MidCap Company, is a real estate investment trust that owns and operates multifamily communities across non-gateway U.S. markets.
Real Estate · Real Estate Investment Trusts · 904 employees
APLE vs IRT FAQ
Which is bigger, Apple Hospitality REIT or Independence Realty?
Apple Hospitality REIT (APLE) is larger, with a market capitalization of $3.83B compared with $3.52B for Independence Realty (IRT).
Which stock has performed better over the past year, APLE or IRT?
APLE returned +37.68% over the past 12 months, compared with -11.03% for IRT (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, APLE or IRT?
APLE has the lower trailing P/E at 21.9, versus 80.9 for IRT. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Apple Hospitality REIT or Independence Realty?
Apple Hospitality REIT has the higher yield at 5.92%, compared with 4.74% for Independence Realty.
Are Apple Hospitality REIT and Independence Realty in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.