SequelSEC

Apple Hospitality REIT, Inc. APLE

Real Estate Investment Trusts · CIK 0001418121 · Fiscal year ends 1231

Revenue
$1.41B
Fiscal year ended 2025-12-31
Operating income
$257.80M
Fiscal year ended 2025-12-31
Free cash flow
Unavailable
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$2.57BMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$10.90Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income14.6×A lower bound on the multiple, because affiliate holdings are excluded.
Float / revenue1.8×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.8×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

Valuation over time

14.6× earnings today, against a median of 19.4× across 9 years on record. Below its own history.

Float measuredPublic floatFloat / net income
2025-06-30$2.57B14.6×
2024-06-30$3.27B15.3×
2023-06-30$3.22B18.1×
2022-06-30$3.13B21.6×
2021-06-30$3.26B173.1×
2019-06-30$3.33B19.4×
2018-06-30$3.87B18.8×
2017-06-30$3.92B21.5×
2016-06-30$3.08B21.3×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

How this compares in its industry

Percentile among the Real Estate Investment Trusts filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Long-term debt / equity0.49x11th
Gross margin40.0%20th
Revenue YoY growth-1.3%31th
Effective tax rate0.5%38th
Operating margin18.3%41th
Net margin12.4%51th

Apple Hospitality REIT, Inc. (APLE) reported revenue of $1.41B and net income of $175.36M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Apple Hospitality REIT, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Investment Trusts.

Income

Apple Hospitality REIT, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$1.41B$1.43B$1.34B$1.24B$933.87M$601.88M$1.27B$1.27B$1.24B$1.04B
Cost of revenue$847.32M$837.87M$780.72M$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 income$257.80M$292.76M$247.48M$206.48M$87.04M-$102.04M$233.79M$257.86M$230.68M$185.11M
Net income$175.36M$214.06M$177.49M$144.80M$18.83M-$173.21M$171.92M$206.09M$182.49M$144.65M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 237.79Mshares 241.26Mshares 229.33Mshares 228.95Mshares 226.36Mshares 223.54MUnavailableUnavailableUnavailableUnavailable
Pretax income$176.32M$215.01M$178.62M$146.74M$19.30M-$172.88M$172.60M$206.67M$183.34M$145.08M
Income tax expense$959.00K$947.00K$1.14M$1.94M$468.00K$332.00K$679.00K$587.00K$847.00K$431.00K
Diluted EPS$0.74$0.89$0.77$0.63$0.08$-0.77UnavailableUnavailableUnavailableUnavailable
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$32.29M$42.54M$47.40M$42.46M$41.04M$29.37M$36.21M$24.29M$26.34M$17.03M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$100.88M$82.66M

Balance

Apple Hospitality REIT, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Cash & equivalents$8.52M$10.25M$10.29M$4.08M$3.28M$5.56M$0$0$0$0
Total assets$4.90B$4.97B$4.94B$4.77B$4.79B$4.83B$4.94B$4.93B$4.90B$4.98B
Current assetsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total liabilities$1.75B$1.70B$1.61B$1.59B$1.64B$1.80B$1.65B$1.52B$1.33B$1.46B
Current liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total equity incl. NCI$3.15B$3.27B$3.32B$3.18B$3.15B$3.03B$3.29B$3.41B$3.57B$3.52B
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt$1.54B$1.47B$1.37B$1.37B$1.44B$1.48B$1.32B$1.41B$1.22B$1.30B
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

Apple Hospitality REIT, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Operating cash flow$370.22M$405.35M$399.04M$368.45M$217.56M$26.73M$381.67M$404.81M$384.07M$331.17M
Capital expendituresUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Investing cash flow-$135.38M-$215.71M-$364.63M-$135.91M-$150.68M-$82.26M-$14.32M-$210.16M-$158.26M-$162.20M
Financing cash flow-$239.49M-$189.19M-$34.31M-$228.97M-$61.30M$55.24M-$366.32M-$190.81M-$225.45M-$162.20M
Net change in cash-$4.65M$449.00K$106.00K$3.56M$5.58M-$293.00K$1.03M$3.84M$366.00K$6.77M
Stock-based compensationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common dividends paid$240.42M$243.72M$238.28M$139.47M$6.80M$67.38M$268.67M$275.89M$267.92M$229.06M
Common share repurchases$58.29M$34.65M$6.88M$2.68MUnavailable$14.34M$4.34M$104.30M$0$7.87M
Depreciation & amortization$192.63M$190.60M$183.24M$181.70M$184.47M$199.79M$193.24M$183.48M$176.50MUnavailable

Derived

Apple Hospitality REIT, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross margin40.0%41.5%41.9%42.6%41.9%33.2%42.8%43.7%43.7%44.0%
Operating margin18.3%20.5%18.4%16.7%9.3%-17.0%18.5%20.3%18.6%17.8%
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Current ratioUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Revenue YoY growth-1.3%6.5%8.5%32.6%55.2%-52.5%-0.3%2.6%19.0%Unavailable
Net margin12.4%15.0%13.2%11.7%2.0%-28.8%13.6%16.2%14.7%13.9%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equity0.49xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate0.5%0.4%0.6%1.3%2.4%Unavailable0.4%0.3%0.5%0.3%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open APLE in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-05View SEC filing
10-Q · Filed 2026-05-04View SEC filing
10-K · Filed 2026-02-23View SEC filing
10-Q · Filed 2025-11-03View SEC filing
10-Q · Filed 2025-08-06View SEC filing
10-Q · Filed 2025-05-01View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.