Quarterly ResultAug 5, 2026, 04:28 PM
Apple Hospitality REIT Refinances $1.3B Credit Facility, Extends Maturities
AI Summary
Apple Hospitality REIT reported increased total revenue of $402.6 million and net income of $67.1 million for the three months ended June 30, 2026. The company also announced a significant debt refinancing in July 2026, amending its $1.2 billion credit facility to a $1.3 billion facility, extending maturity dates, and increasing the revolving credit facility to $700 million. Net cash provided by operating activities rose to $173.8 million for the six-month period.
Key Highlights
- Refinanced $1.2 billion credit facility to $1.3 billion, extending maturities.
- Increased Revolving Credit Facility capacity by $50 million to $700 million.
- Q2 2026 total revenue grew to $402.6 million from $384.4 million YoY.
- Q2 2026 net income increased to $67.1 million from $63.6 million YoY.
- Q2 2026 basic and diluted EPS rose to $0.28 from $0.27 YoY.
- Net cash from operating activities for H1 2026 was $173.8 million, up from $157.9 million.
- Sold one hotel for $8.7 million, realizing a $0.2 million gain.
- Recognized a $2.3 million impairment loss on one property.
Price Impact
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