Tearsheet

Apple Hospitality REIT (APLE)


Market Price (12/4/2025): $11.81 | Market Cap: $2.8 Bil
Sector: Real Estate | Industry: Hotel & Resort REITs

Apple Hospitality REIT (APLE)


Market Price (12/4/2025): $11.81
Market Cap: $2.8 Bil
Sector: Real Estate
Industry: Hotel & Resort REITs

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 8.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 11%
Weak multi-year price returns
2Y Excs Rtn is -68%, 3Y Excs Rtn is -84%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 55%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21%
  Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -1.3%
2 Low stock price volatility
Vol 12M is 29%
  
3 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, Sustainable & Green Buildings, and Smart Buildings & Proptech. Themes include Hospitality & Hotel Investment, Show more.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 8.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 11%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21%
2 Low stock price volatility
Vol 12M is 29%
3 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, Sustainable & Green Buildings, and Smart Buildings & Proptech. Themes include Hospitality & Hotel Investment, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -68%, 3Y Excs Rtn is -84%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 55%
6 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -1.3%

Valuation, Metrics & Events

APLE Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

The stock of Apple Hospitality REIT (APLE) experienced a year-to-date share price return of negative 22.19 percent as of early December 2025, with recent trading being choppy.

1. Decline in Key Operating Metrics: Apple Hospitality REIT reported a decrease in key operating metrics during Q2 2025, including a 1.7% decline in Revenue Per Available Room (RevPAR) to $128.68 compared to Q2 2024, and a 1.6% drop in occupancy to 78.6% year-over-year.

2. Impact of High Interest Rates and Refinancing Risks: High interest rates have led to prohibitive debt costs, negatively impacting property valuations for lodging REITs like Apple Hospitality REIT. While the company has been managing its debt profile, with approximately $1.5 billion in outstanding debt as of June 30, 2025, carrying a weighted-average interest rate of about 5.0%, near-term refinancing risk exists as weighted-average debt maturities are only about two years out. An increase in interest rates could raise the cost of capital.

Show more

Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
APLE Return-19%25%2%12%-1%-18%-5%
Peers Return-2%11%-11%9%8%-15%-4%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
APLE Win Rate42%50%42%58%50%40% 
Peers Win Rate50%48%43%47%57%44% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
APLE Max Drawdown-70%-4%-12%-11%-14%-29% 
Peers Max Drawdown-57%-8%-23%-19%-16%-30% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HST, SHO, INN, IHT, VICI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique KeyEventAPLES&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-25.2%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven33.6%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-70.2%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven235.7%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven440 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-31.2%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven45.3%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days

Compare to HST, SHO, INN, IHT, VICI


In The Past

Apple Hospitality REIT's stock fell -25.2% during the 2022 Inflation Shock from a high on 4/28/2022. A -25.2% loss requires a 33.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Apple Hospitality REIT (APLE)

Better Bets than Apple Hospitality REIT (APLE)

Trade Ideas

Select past ideas related to APLE. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
8.5%8.5%-5.8%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
8.5%8.5%-5.8%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Apple Hospitality REIT

Peers to compare with:

Financials

APLEHSTSHOINNIHTVICIMedian
NameApple Ho.Host Hot.Sunstone.Summit H.InnSuite.VICI Pro. 
Mkt Price11.8017.669.195.221.2828.3010.50
Mkt Cap2.812.11.70.60.030.22.3
Rev LTM1,4195,93993872773,9691,178
Op Inc LTM2558086866-13,675161
FCF LTM300671176153-02,460238
FCF 3Y Avg31682419115802,285254
CFO LTM3801,298176153-02,462278
CFO 3Y Avg3951,42219115802,289293

Growth & Margins

APLEHSTSHOINNIHTVICIMedian
NameApple Ho.Host Hot.Sunstone.Summit H.InnSuite.VICI Pro. 
Rev Chg LTM0.6%6.5%3.0%-1.2%-3.0%4.3%1.8%
Rev Chg 3Y Avg6.1%8.6%4.4%6.4%1.4%23.5%6.3%
Rev Chg Q-1.3%0.9%1.3%0.2%-2.3%4.4%0.5%
QoQ Delta Rev Chg LTM-0.3%0.2%0.3%0.0%-0.6%1.1%0.1%
Op Mgn LTM17.9%13.6%7.3%9.0%-8.5%92.6%11.3%
Op Mgn 3Y Avg18.7%14.0%10.0%10.3%-8.4%93.4%12.1%
QoQ Delta Op Mgn LTM-0.4%-0.2%-0.5%-1.0%0.6%-0.2%-0.3%
CFO/Rev LTM26.8%21.9%18.7%21.0%-5.7%62.0%21.4%
CFO/Rev 3Y Avg28.5%25.6%20.0%21.6%2.2%61.2%23.6%
FCF/Rev LTM21.1%11.3%18.7%21.0%-5.7%62.0%19.9%
FCF/Rev 3Y Avg22.8%14.8%20.0%21.6%2.2%61.0%20.8%

Valuation

APLEHSTSHOINNIHTVICIMedian
NameApple Ho.Host Hot.Sunstone.Summit H.InnSuite.VICI Pro. 
Mkt Cap2.812.11.70.60.030.22.3
P/S2.02.01.90.82.78.82.0
P/EBIT11.011.627.09.3-30.09.510.2
P/E16.215.997.5367.0-14.512.516.0
P/CFO7.59.010.13.8-46.414.18.3
Total Yield14.6%11.6%1.0%7.0%-6.5%13.2%9.3%
Dividend Yield8.5%5.3%0.0%6.7%0.4%5.2%5.3%
FCF Yield 3Y Avg9.6%7.0%10.0%24.8%0.3%6.9%8.3%
D/E0.60.50.52.50.70.50.5
Net D/E0.60.40.52.40.70.50.5

Returns

APLEHSTSHOINNIHTVICIMedian
NameApple Ho.Host Hot.Sunstone.Summit H.InnSuite.VICI Pro. 
1M Rtn4.1%9.5%1.7%1.5%-19.0%-5.9%1.6%
3M Rtn-6.5%3.9%-2.2%-3.0%-30.0%-14.1%-4.7%
6M Rtn6.6%17.0%7.7%26.5%-44.2%-7.3%7.2%
12M Rtn-21.3%0.8%-19.6%-20.6%-41.2%-5.5%-20.1%
3Y Rtn-13.5%11.4%-7.1%-27.8%-23.1%-2.4%-10.3%
1M Excs Rtn4.1%9.5%1.7%1.5%-18.9%-5.9%1.6%
3M Excs Rtn-12.8%-3.8%-8.7%-11.9%-32.6%-19.7%-12.4%
6M Excs Rtn-8.1%2.2%-7.0%11.8%-58.9%-22.0%-7.6%
12M Excs Rtn-34.3%-12.2%-24.9%-29.4%-56.7%-21.9%-27.1%
3Y Excs Rtn-84.0%-59.1%-77.4%-100.8%-86.9%-72.9%-80.7%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Single segment1,344    
Food and beverage 46221740
Other 53402560
Room 1,1398715601,167
Total1,3441,2389346021,267


Price Behavior

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity17,438,810
Short Interest: % Change Since 10312025-15.6%
Average Daily Volume3,209,494
Days-to-Cover Short Interest5.43
Basic Shares Quantity237,072,000
Short % of Basic Shares7.4%

SEC Filings

Expand for More

Report DateFiling DateFiling
93020251103202510-Q 9/30/2025
6302025806202510-Q 6/30/2025
3312025501202510-Q 3/31/2025
12312024224202510-K 12/31/2024
93020241104202410-Q 9/30/2024
6302024805202410-Q 6/30/2024
3312024506202410-Q 3/31/2024
12312023222202410-K 12/31/2023
93020231107202310-Q 9/30/2023
6302023803202310-Q 6/30/2023
3312023502202310-Q 3/31/2023
12312022221202310-K 12/31/2022
93020221107202210-Q 9/30/2022
6302022804202210-Q 6/30/2022
3312022505202210-Q 3/31/2022
12312021222202210-K 12/31/2021