Quarterly ResultMay 4, 2026, 04:23 PM
Apple Hospitality Q1 RevPAR +2.2%; Updates 2026 Outlook
AI Summary
Apple Hospitality REIT reported Q1 2026 results with Comparable Hotels RevPAR up 2.2% to $114.61 and Adjusted EBITDAre increasing 2.2% to $100.6 million. Net income decreased 11.3% to $27.7 million, or $0.12 per share. The company updated its 2026 outlook, raising the midpoint for Net Income, Adjusted EBITDAre, and Comparable Hotels RevPAR Change, reflecting a stronger-than-anticipated start to the year. Additionally, it completed the sale of a hotel for $8.7 million and continues with development projects.
Key Highlights
- Comparable Hotels RevPAR increased 2.2% to $114.61 in Q1 2026.
- Adjusted EBITDAre rose 2.2% to $100.6 million for Q1 2026.
- Net income decreased 11.3% to $27.7 million, or $0.12 per share.
- Updated 2026 guidance: Net income midpoint increased by $9 million.
- Updated 2026 guidance: Comparable Hotels RevPAR Change midpoint increased by 100 bps.
- Sold Hampton Inn & Suites Rochester-North for $8.7 million in April 2026.
- Paid distributions of $0.24 per common share in Q1 2026.
- Total debt to total capitalization, net of cash, was 36.5% at March 31, 2026.