--- title: "Apple Hospitality Reit | 8-K: FY2026 Q1 Revenue: USD 337.74 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285146702.md" datetime: "2026-05-05T02:58:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285146702.md) - [en](https://longbridge.com/en/news/285146702.md) - [zh-HK](https://longbridge.com/zh-HK/news/285146702.md) --- # Apple Hospitality Reit | 8-K: FY2026 Q1 Revenue: USD 337.74 M Revenue: As of FY2026 Q1, the actual value is USD 337.74 M. EPS: As of FY2026 Q1, the actual value is USD 0.12, beating the estimate of USD 0.11. EBIT: As of FY2026 Q1, the actual value is USD 48.01 M. ### Financial and Operational Highlights for Q1 2026 #### Net Income 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 . #### Operating Performance 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 . #### Key Non-GAAP Financial Measures 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 . #### Revenue and Occupancy Metrics (Actual) 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 . #### Comparable Hotels Metrics 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 . #### Distributions 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 . #### Balance Sheet and Liquidity 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 . #### Capital Expenditures 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 . #### Portfolio Activity 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 & 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 . #### Share Repurchase and ATM Programs 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 . #### Outlook / Guidance 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 . ### Related Stocks - [APLE.US](https://longbridge.com/en/quote/APLE.US.md) ## Related News & Research - [Apple Hospitality REIT (APLE) Is Up 7.4% After Raising 2026 Outlook and Expanding Hotel Portfolio](https://longbridge.com/en/news/285958817.md) - [Apple Hospitality REIT Highlights Updated Investor Presentation Strengths](https://longbridge.com/en/news/286001557.md) - [Resolutions of the annual general meeting of Hepsor AS](https://longbridge.com/en/news/287057242.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md)