earnings
confidence high
sentiment neutral
materiality 0.70
Apple Hospitality Q1 net income down 11.3%; RevPAR up 3.1%; distribution cut to $0.24
Apple Hospitality REIT, Inc.
2026-Q1 EPS
reported $0.12
vs consensus $0.14
▼ miss
(-13.5%)
- Net income of $27.7M ($0.12 per share) vs $31.2M ($0.13) in Q1 2025, down 11.3%.
- Comparable Hotels RevPAR increased 2.2% to $114.61, with occupancy up 2.1% vs a year ago.
- Adjusted EBITDAre rose 2.2% to $100.6M; MFFO per share up 3.0% to $0.34.
- Quarterly distribution reduced to $0.24 per share from $0.29, a 17.2% decrease.
- Total debt outstanding $1.57B; net debt to total capitalization at 36.5%.