Apple Hospitality REIT Reports Results of Operations for First Quarter 2026
Apple Hospitality REIT delivered Q1 revenue of $337.7 million, up 3.1% year-over-year, driven by a 2.4% increase in occupancy to 72.8%. Adjusted EBITDAre rose 2.2% to $100.6 million, and Modified Funds from Operations (MFFO) grew 1.9% to $80.3 million. Preliminary April data indicates accelerating momentum with RevPAR growth exceeding 4% compared to the prior year. Based on this stronger-than-expected start, management raised full-year 2026 guidance, increasing the midpoint for Adjusted EBITDAre by $11 million to $447 million and Net Income by $9 million to $156 million.
Key figures
- Eps
- 0.12
- Revenue
- 337741000
- Guidance
- 2026 Net Income $143M-$169M; Adjusted EBITDAre $436M-$458M; Comparable Hotels RevPAR Change 0.00%-2.00%; Capital expenditures $80M-$90M
- Revenue Yoy
- 3.1%
- Adr
- 157.19
- Mffo
- 80283000
- Revpar
- 114.43
- Occupancy
- 72.8%
- Revpar yoy
- 3.1%
- Mffo per share
- 0.34
- Adjusted ebitda re
- 100597000
- Adjusted ebitda re yoy
- 2.2%
- Comparable hotels revpar
- 114.61
- Comparable hotels revpar yoy
- 2.2%
AI analysis
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