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.Apple Hospitality REIT, Inc. operates as a single reportable segment across its hotel portfolio.<h4>Revenue</h4>Total revenue for the three months ended March 31, 2026, was $337,741 thousand, an increase of 3.1% compared to $327,702 thousand for the same period in 2025. Room revenue increased to $304,657 thousand in Q1 2026 from $296,864 thousand in Q1 2025. Food and beverage revenue was $16,300 thousand in Q1 2026, up from $15,511 thousand in Q1 2025. Other revenue also increased to $16,784 thousand in Q1 2026 from $15,327 thousand in Q1 2025.<h4>Operational Metrics</h4>Net income for Q1 2026 was $27,699 thousand, a decrease of -11.3% from $31,221 thousand in Q1 2025. Operating income was $48,013 thousand in Q1 2026, compared to $50,859 thousand in Q1 2025. Hotel operating expenses increased by 3.5% to $206,937 thousand (61.3% of total revenue) in Q1 2026, from $199,870 thousand (61.0% of total revenue) in Q1 2025. Specific operating expenses in Q1 2026 included: Operating at $88,665 thousand, Hotel administrative at $30,970 thousand, Sales and marketing at $29,823 thousand, Utilities at $13,232 thousand, Repair and maintenance at $17,840 thousand, Franchise fees at $16,039 thousand, and Management fees at $10,368 thousand. Property taxes, insurance and other expense decreased to $22,458 thousand (6.6% of total revenue) in Q1 2026 from $23,361 thousand (7.1% of total revenue) in Q1 2025. General and administrative expense rose to $10,796 thousand (3.2% of total revenue) from $9,228 thousand (2.8% of total revenue). Depreciation and amortization expense increased to $49,537 thousand in Q1 2026 from $47,941 thousand in Q1 2025. Interest and other expense, net, was $20,072 thousand in Q1 2026, up from $19,397 thousand in Q1 2025. Adjusted Hotel EBITDA increased by 3.1% to $108,479 thousand in Q1 2026 from $105,265 thousand in Q1 2025.<h4>Hotel Operating Statistics</h4>For all hotels, the Average Daily Rate (ADR) was $157.19 in Q1 2026, up 0.6% from $156.24 in Q1 2025. Occupancy increased by 2.4% to 72.8% in Q1 2026 from 71.1% in Q1 2025. Revenue per Available Room (RevPAR) for all hotels increased by 3.1% to $114.43 in Q1 2026 from $111.04 in Q1 2025. For Comparable Hotels, ADR was $157.35 (0.1% increase), occupancy was 72.8% (2.1% increase), and RevPAR was $114.61 (2.2% increase) in Q1 2026. For Same Store Hotels, ADR was $157.24 (0.1% increase), occupancy was 73.2% (2.7% increase), and RevPAR was $115.04 (2.8% increase) in Q1 2026.<h4>Cash Flow</h4>Net cash provided by operating activities was $48,857 thousand for Q1 2026, compared to $49,139 thousand for Q1 2025. Net cash used in investing activities was - $35,775 thousand for Q1 2026, compared to - $7,076 thousand for Q1 2025. Net cash used in financing activities was - $31,719 thousand for Q1 2026, compared to - $36,028 thousand for Q1 2025. Capital improvements were - $35,775 thousand in Q1 2026 versus - $27,289 thousand in Q1 2025.<h4>Debt and Liquidity</h4>As of March 31, 2026, total outstanding debt was $1,565,680 thousand, with $89,100 thousand under the revolving credit facility and $1,294,394 thousand in term loans and senior notes. The company had $7,837 thousand in cash and cash equivalents and $558,800 thousand in unused borrowing capacity under its revolving credit facility. Approximately $579,100 thousand (37%) of the total debt outstanding was subject to variable interest rates after accounting for interest rate swaps, and the weighted-average interest rate of debt was 4.65%.<h4>Future Outlook and Strategy</h4>Apple Hospitality REIT, Inc. expects RevPAR to improve seasonally over the remainder of 2026, modestly exceeding 2025 levels, assuming no material changes in the macroeconomic environment. The company plans to spend approximately $80 million to $90 million on capital expenditures during 2026, including comprehensive renovation projects for about 21 properties. It also has contracts to purchase a 160-guest-room AC Hotel in Anchorage, Alaska, for $65.5 million, planned to open in Q4 2027, and is developing a dual-branded AC Hotel and Residence Inn in Las Vegas, Nevada, for approximately $143.7 million, expected to open in Q2 2028. The company intends to fund future share repurchases, with $242.5 million remaining available under the Share Repurchase Program as of March 31, 2026, using cash on hand, disposition proceeds, or unsecured credit facilities.

Apple Hospitality Reit | 10-Q: FY2026 Q1 Revenue: USD 337.74 M