Quarterly ResultAug 5, 2026, 04:23 PM
Apple Hospitality Q2 RevPAR +5.3%; MFFO/Share $0.52
AI Summary
Apple Hospitality REIT reported strong second-quarter 2026 results, with Comparable Hotels RevPAR increasing 5.3% to $136.17 and MFFO per share growing 8.3% to $0.52. The company successfully refinanced its unsecured credit facility, expanding its capacity to $1.3 billion and extending maturity dates, enhancing financial flexibility. Additionally, Apple Hospitality updated its full-year 2026 guidance, reflecting stronger-than-anticipated performance and an improved outlook for business and leisure travel demand.
Key Highlights
- Comparable Hotels RevPAR increased 5.3% to $136.17 for the second quarter of 2026.
- Net income for Q2 2026 rose 5.4% to $67.1 million, with diluted EPS at $0.28.
- Modified funds from operations (MFFO) per share increased 8.3% to $0.52 for Q2 2026.
- Refinanced its unsecured credit facility, increasing total capacity to $1.3 billion and extending maturities.
- Sold the Hampton Inn & Suites Rochester-North for approximately $8.7 million in April 2026.
- Updated 2026 guidance, increasing Net income by $10 million and Adjusted EBITDAre by $17.5 million at the midpoint.
- Paid distributions totaling $0.24 per common share during the second quarter of 2026.
- Total debt to total capitalization, net of cash and cash equivalents, was 27.4% as of June 30, 2026.
Price Impact
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