Apple Hospitality REIT Financial Statements
NYSE: APLEReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
After hours: 16.31 0.00%
Apple Hospitality REIT revenue and earnings
In fiscal 2025, Apple Hospitality REIT generated $1.41 billion in revenue, down 1.3% from fiscal 2024, its first annual decline since 2020. Net income was $175.4 million (-18.1% year over year), for a net margin of 12.4% versus a median of 11.7% in the prior 5 years. Gross margin was 40.0% (down from 41.5%) and operating margin 18.3%.
Diluted earnings per share came in at $0.74, down from $0.89. Over the last 5 fiscal years, APLE's revenue has grown at a 18.6% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Apple Hospitality REIT income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.41B | 1.43B | 1.34B | 1.24B | 933.87M | 601.88M | 1.27B | 1.27B | 1.24B | 1.04B |
| Revenue growth (YoY) | -1.33% | +6.52% | +8.51% | +32.61% | +55.16% | -52.48% | -0.31% | +2.58% | +18.98% | +15.89% |
| Cost of Revenue | 847.32M | 837.87M | 780.73M | 710.48M | 542.18M | 402.28M | 724.42M | 715.93M | 697.40M | 582.84M |
| Gross Profit | 565.06M | 593.60M | 563.08M | 527.94M | 391.69M | 199.60M | 542.18M | 554.62M | 541.22M | 458.19M |
| Operating Expenses | 307.26M | 300.84M | 315.59M | 321.46M | 304.65M | 301.64M | 1.04B | 1.01B | 1.02B | 855.76M |
| Selling, General & Admin | — | — | — | — | — | — | — | — | 127.22M | 99.69M |
| Operating Income | 257.80M | 292.76M | 247.48M | 206.48M | 87.04M | -102.04M | 233.79M | 257.86M | 230.68M | 185.11M |
| Pretax Income | 176.32M | 215.01M | 178.62M | 146.75M | 19.30M | -172.88M | 172.60M | 206.67M | 183.34M | 145.08M |
| Income Tax | 959.00K | 947.00K | 1.14M | 1.94M | 468.00K | 332.00K | 679.00K | 587.00K | 847.00K | 431.00K |
| Net Income | 175.36M | 214.06M | 177.49M | 144.81M | 18.83M | -173.21M | 171.92M | 206.09M | 182.49M | 144.65M |
| Net Income growth (YoY) | -18.08% | +20.61% | +22.57% | +669.09% | — | -200.75% | -16.58% | +12.93% | +26.16% | +23.33% |
| EPS (Basic) | 0.74 | 0.89 | 0.77 | 0.63 | 0.08 | -0.77 | 0.77 | 0.90 | 0.82 | 0.76 |
| EPS (Diluted) | 0.74 | 0.89 | 0.77 | 0.63 | 0.08 | -0.77 | 0.77 | 0.90 | 0.82 | 0.76 |
| Shares Outstanding (Basic) | 237.79M | 241.26M | 229.33M | 228.95M | 226.36M | 223.54M | 223.91M | 229.66M | 223.53M | 190.86M |
| Shares Outstanding (Diluted) | 237.79M | 241.26M | 229.33M | 228.95M | 226.36M | 223.54M | 223.91M | 229.66M | 223.53M | 190.86M |
| EBITDA | 450.43M | 483.36M | 430.72M | 388.18M | 271.51M | 97.75M | 427.03M | 441.34M | 407.18M | 333.27M |
| Gross Margin | 40.01% | 41.47% | 41.90% | 42.63% | 41.94% | 33.16% | 42.81% | 43.65% | 43.70% | 44.01% |
| Operating Margin | 18.25% | 20.45% | 18.42% | 16.67% | 9.32% | -16.95% | 18.46% | 20.29% | 18.62% | 17.78% |
| Net Margin | 12.42% | 14.95% | 13.21% | 11.69% | 2.02% | -28.78% | 13.57% | 16.22% | 14.73% | 13.90% |
This table shows 10 annual periods of Apple Hospitality REIT's income statement, from FY 2025 back to FY 2016, across 17 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow APLE's reporting calendar. What is a income statement?