<span item_type="fundamental" item_id="f3bfec4becd79386910af6e6d6f07c15" counter_id="ST/US/APLE" env="prod"></span><span item_type="announcement" item_id="644853164114120577" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 337.74 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.12, beating the estimate of USD 0.11.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 48.01 M.</p><p></p><h3>Financial and Operational Highlights for Q1 2026</h3><h4>Net Income</h4><p>Net income for the three months ended March 31, 2026, was $27,699 thousand, marking an -11.3% decrease compared to $31,221 thousand in the same period of 2025. Net income per share was $0.12, a -7.7% decrease from $0.13 in the prior year period <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1418121/000119312526204022/aple-ex99_1.htm"></span>.</p><h4>Operating Performance</h4><p>Operating income for the first quarter of 2026 was $48,013 thousand, representing a -5.6% decrease from $50,859 thousand in the first quarter of 2025. The operating margin was 14.2%, a decrease of -130 basis points from 15.5% in the first quarter of 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1418121/000119312526204022/aple-ex99_1.htm"></span>.</p><h4>Key Non-GAAP Financial Measures</h4><p>Adjusted EBITDAre increased by 2.2% to $100,597 thousand in the first quarter of 2026, up from $98,446 thousand in the first quarter of 2025. Comparable Hotels Adjusted Hotel EBITDA grew by 3.6% to $108,447 thousand from $104,680 thousand year-over-year. The Comparable Hotels Adjusted Hotel EBITDA Margin was 32.2%, a -20 basis points decrease from 32.4% in the prior year. Modified funds from operations (MFFO) increased by 1.9% to $80,283 thousand from $78,807 thousand, with MFFO per share rising by 3.0% to $0.34 from $0.33 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1418121/000119312526204022/aple-ex99_1.htm"></span>.</p><h4>Revenue and Occupancy Metrics (Actual)</h4><p>Average Daily Rate (ADR) was $157.19, a 0.6% increase compared to $156.24 in the first quarter of 2025. Occupancy increased by 2.4% to 72.8% from 71.1%. Revenue Per Available Room (RevPAR) increased by 3.1% to $114.43 from $111.04 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1418121/000119312526204022/aple-ex99_1.htm"></span>.</p><h4>Comparable Hotels Metrics</h4><p>Comparable Hotels ADR was $157.35, a 0.1% increase from $157.26. Comparable Hotels Occupancy was 72.8%, up 2.1% from 71.3%. Comparable Hotels RevPAR increased by 2.2% to $114.61 from $112.14 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1418121/000119312526204022/aple-ex99_1.htm"></span>.</p><h4>Distributions</h4><p>Distributions paid totaled $56,608 thousand, a -18.7% decrease from $69,615 thousand in the prior year. Distributions paid per share were $0.24, a -17.2% decrease from $0.29 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1418121/000119312526204022/aple-ex99_1.htm"></span>.</p><h4>Balance Sheet and Liquidity</h4><p>As of March 31, 2026, Apple Hospitality REIT, Inc. had $7,837 thousand in cash and cash equivalents and total debt outstanding of $1,571,763 thousand. Total debt outstanding, net of cash and cash equivalents, was $1,563,926 thousand. The total debt outstanding, net of cash and cash equivalents, to total capitalization was 36.5%. The Company had approximately $559 million available under its revolving credit facility. The weighted-average interest rate on total outstanding debt was approximately 4.6%, with weighted-average debt maturities of approximately three years <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1418121/000119312526204022/aple-ex99_1.htm"></span>.</p><h4>Capital Expenditures</h4><p>During the first quarter of 2026, Apple Hospitality REIT, Inc. invested approximately $27.5 million in capital expenditures. For the full year 2026, the Company anticipates investing $80 million to $90 million in capital improvements, including comprehensive renovations for approximately 21 hotels <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1418121/000119312526204022/aple-ex99_1.htm"></span>.</p><h4>Portfolio Activity</h4><p>Apple Hospitality REIT, Inc. owned 217 hotels with 29,583 guest rooms as of March 31, 2026. In April 2026, the Company sold its 124-room Hampton Inn &amp; Suites Rochester-North for approximately $8.7 million. The Company has a fixed-price, forward-purchase contract to acquire an AC Hotel by Marriott in Anchorage, Alaska, for an anticipated $65.5 million in Q4 2027, and another fixed-price, forward-purchase contract for a dual-branded AC Hotel and Residence Inn by Marriott in Las Vegas, Nevada, for approximately $143.7 million, expected to be completed in Q2 2028 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1418121/000119312526204022/aple-ex99_1.htm"></span>.</p><h4>Share Repurchase and ATM Programs</h4><p>As of March 31, 2026, the Company had approximately $242.5 million remaining under its Share Repurchase Program and $500 million remaining under its ATM Program. No shares were repurchased or sold under these programs during the first quarter of 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1418121/000119312526204022/aple-ex99_1.htm"></span>.</p><h4>Outlook / Guidance</h4><p>Apple Hospitality REIT, Inc. updated its 2026 outlook, reflecting stronger-than-anticipated Q1 performance. The Company now anticipates 2026 net income between $143 million and $169 million, and Comparable Hotels RevPAR Change is projected to be between 0.00% and 2.00%. Additionally, Comparable Hotels Adjusted Hotel EBITDA Margin % is expected to range from 32.9% to 33.9%, with Adjusted EBITDAre forecast to be between $436 million and $458 million, and capital expenditures between $80 million and $90 million for the year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1418121/000119312526204022/aple-ex99_1.htm"></span>.</p>

Apple Hospitality Reit | 8-K: FY2026 Q1 Revenue: USD 337.74 M