Quarterly ResultMay 5, 2026, 04:22 PM
Apple Hospitality Q1 RevPAR +2.2%; April RevPAR +4%
AI Summary
Apple Hospitality REIT, Inc. released an updated investor presentation, disclosing its Q1 2026 operating statistics and preliminary April 2026 performance. The company reported a 2.2% increase in Comparable Hotels RevPAR for Q1 2026 and a 3.0% rise in MFFO per share to $0.34. Preliminary data for April 2026 showed a RevPAR growth of over 4%. Additionally, the company sold a hotel for approximately $9 million in April and continues to manage its portfolio with strategic investments and future acquisitions under contract.
Key Highlights
- Q1 2026 Comparable Hotels RevPAR increased by 2.2% year-over-year to $114.61.
- Q1 2026 Comparable Hotels Adjusted Hotel EBITDA grew by 3.6% to $108.4 million.
- Q1 2026 Modified Funds From Operations (MFFO) per share was $0.34, a 3.0% increase.
- Preliminary Comparable Hotels RevPAR for April 2026 increased by over 4%.
- Sold Hampton Inn & Suites Rochester-North for approximately $9 million in April 2026.
- Reinvested approximately $27.5 million in capital improvements during Q1 2026.
- Declared a monthly dividend of $0.08 per common share, an annualized yield of 7.1%.
- Maintained approximately $559 million available on its revolving credit facility.
Price Impact
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