---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-053568"
form_type: "8-K"
ticker: "APLE"
cik: "0001418121"
company_name: "Apple Hospitality REIT, Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:54:37.565908+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Apple Hospitality Q1 net income rises 64% to $54M; hotel margins slip 160 bps

## Summary
- Net income $54.1M ($0.22/share) vs $32.9M ($0.14) in Q1 2023, up 64%.
- Comparable Hotels Adjusted Hotel EBITDA margin 33.7%, down 160 bps from 35.3%.
- Comparable RevPAR flat at $111.09 vs $111.14; ADR and occupancy unchanged.
- MFFO per share $0.34, same as Q1 2023; distributions paid $0.29/share, down 9.4%.
- Total debt $1.51B, 27.4% of total capitalization; cash $4.9M.

## SEC filing metadata
- accession: 0000950170-24-053568
- form_type: 8-K
- ticker: APLE
- cik: 0001418121
- company_name: Apple Hospitality REIT, Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418121/000095017024053568/0000950170-24-053568-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418121/000095017024053568/aple-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-053568
- JSON: https://secwatch.observer/filing/0000950170-24-053568.json
- Plain text: https://secwatch.observer/filing/0000950170-24-053568.txt

## Key facts
- Earnings Releases
  Apple Hospitality REIT, Inc. reported the three months ended March 31, 2024 results: net income $54,050, EPS $0.22 per share.
  - Period: the three months ended March 31, 2024
  - Net income: $54,050
  - EPS: $0.22 per share
  - Result: reported results
  source text: Apple Hospitality REIT Reports Results of Operations for First Quarter 2024 RICHMOND, Va. (May 6, 2024) – Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced results of operations for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418121/000095017024053568/0000950170-24-053568-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.