Apple Hospitality REIT Reports Results of Operations for Third Quarter 2026
Business Wire•05/11/2026•16:15 ET
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Key Highlights
- ➤Q3 net income $60.5 million, up 18.9% year over year
- ➤Q3 Comparable Hotels RevPAR $133.60, up 7.3% year over year
- ➤Q3 Adjusted EBITDAre $139.7 million, up 13.3% year over year
- ➤Five hotels under contract for sale at combined $71.8 million
- ➤Refinancing left no significant debt maturities until 2029
Expert Statements
Justin Knight, Chief Executive Officer of Apple Hospitality
“Momentum continued to build during the third quarter, with broad-based demand from both business and leisure travelers driving Comparable Hotels RevPAR growth of more than 7% as compared to the same period last year. Our asset management and property teams leveraged our efficient operating model to convert top-line gains into approximately 210 basis points of Comparable Hotels Adjusted Hotel EBITDA Margin expansion and an increase in Adjusted EBITDAre of more than 13%. Preliminary results for the month of October indicate Comparable Hotels RevPAR growth of approximately 10%, reflecting strength well beyond the easier comparison to last year’s government shutdown.”
Justin Knight, Chief Executive Officer of Apple Hospitality
“We are managing our portfolio and balance sheet to position the Company for continued outperformance. During and subsequent to the third quarter, we entered into contracts to sell five hotels for a combined gross sales price of approximately $72 million. Including these hotels, we have sold or contracted to sell 13 hotels for approximately $154 million since the beginning of 2025, recycling capital out of older assets with limited upside and into investments with stronger long-term return potential. Supported by a strong balance sheet and significant available liquidity, we are actively underwriting acquisition opportunities, and we intend to redeploy proceeds into hotels that further enhance the quality and growth profile of our portfolio.”
Justin Knight, Chief Executive Officer of Apple Hospitality
“Our performance this year reflects the effectiveness of our strategy and the strength of our corporate and on-site management teams. As we look ahead to 2027, sustained demand momentum and muted new supply create a meaningful tailwind for our portfolio, and we expect to build on this year’s results to deliver continued growth and attractive returns for our shareholders.”
Apple Hospitality REIT Reports Results of Operations for Third Quarter 2026
Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced results of operations for the third quarter ended September 30, 2026. Apple Hospitality REIT, Inc.
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