Apple Hospitality REIT Q1 net income beats estimates despite 11% drop

Apple Hospitality REIT

04/05/2026 21:31

Overview

U.S. hotel REIT's Q1 net income beat analyst expectations despite yr/yr decline

Comparable Hotels Adjusted Hotel EBITDA rose 3.6%, with RevPAR up 2.2% yr/yr

Company completed sale of Minnesota hotel in April and raised 2026 earnings guidance

Outlook

Apple Hospitality raises 2026 net income guidance to $143 mln-$169 mln

Company now sees 2026 Adjusted EBITDAre between $436 mln and $458 mln

Apple Hospitality expects 2026 Comparable Hotels RevPAR Change of 0%-2%

Result Drivers

OCCUPANCY AND REVPAR GAINS - Co said Q1 Comparable Hotels occupancy rose 2.1% and RevPAR increased 2.2%, despite tough comparisons to prior-yr events

EXPENSE MANAGEMENT - Co attributed improvements in bottom-line metrics to efficient operating model and prudent expense management

RESILIENT DEMAND - Co said demand for its rooms-focused hotels remained resilient amid economic and geopolitical uncertainty

Company press release: ID:nBw2pJvMna

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.12
Q1 Net Income
Beat
$27.7 mln
$24.71 mln (6 Analysts)
Q1 Hotels Adjusted EBITDA
$108.45 mln
Q1 FFO
$80.28 mln
Q1 Hotels Adjusted EBITDA Margin
32.2%
Q1 Hotels Adjusted RevPAR
$114.61


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Apple Hospitality REIT Inc is $13.00, about 2.9% below its May 1 closing price of $13.39

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)