EarningsQ2 2026 Earnings Report
MX:APLE Q2 2026 EPS Results
Actual EPS$4.95
Consensus EPS$4.72
Beat/MissBeat by +$0.23
One Year Ago EPS$4.77
MX:APLE Q2 2026 Revenue Results
Actual Revenue$7.12B
Expected Revenue$6.93B
Beat/MissBeat by +$188.78M
YoY Revenue Growth+4.73%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
MX:APLE Upcoming Earnings
Apple Hospitality REIT's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:APLE Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operating and financial picture: strong RevPAR, ADR and occupancy growth in Q2 (with July momentum), healthy margin expansion and solid NFFO growth, successful operator conversions, improved guidance, and a materially strengthened balance sheet after July refinancings. Offsetting items include localized market weakness (notably Phoenix), higher utilities and R&M costs, development constraints from elevated construction costs, a persistent bid-ask spread limiting acquisitions, and some event-driven RevPAR lift from the World Cup that will not recur. On balance the company highlighted multiple durable improvements (broad-based demand, weekday/business travel recovery, conversion benefits, liquidity and capital flexibility), so positives materially outweigh the headwinds reported.Company Guidance
Comparable RevPAR and Occupancy Growth
Q2 comparable hotels RevPAR of $136, up 5.3% year-over-year; ADR $170, up 3.5%; occupancy 80.1%, up 130 basis points. Year-to-date comparable RevPAR $125, up 3.8%; ADR $164, up 1.9%; occupancy 76.5%, up 140 basis points.
Strong Margin Expansion and Flow‑Through
Converted approximately $0.58 of each incremental revenue dollar into comparable hotels adjusted hotel EBITDA; delivered 120 basis points of adjusted hotel EBITDA margin expansion in the quarter to 38.1%. Comparable hotels adjusted hotel EBITDA was $153 million, up 9.7% year-over-year.
NFFO and Earnings Growth
Quarterly NFFO of $123 million (or $0.52 per share), up ~9% (per company disclosure ~8–9% on a per‑share basis). Year-to-date NFFO $204 million ($0.86 per share), up ~6–7.5% year-over-year.
Continued Demand Momentum / July Results
Preliminary July comparable RevPAR growth of more than 5.5% with continued broad-based improvement (RevPAR ex-World Cup host markets ~5%). Weekday occupancy improvement materially outpaced weekend, indicating strengthening business transient demand.
Raised Full‑Year Outlook
Raised full-year RevPAR growth guidance midpoint by 25 basis points to 3.25% and increased full-year comparable hotels adjusted hotel EBITDA margin midpoint by 75 basis points (guidance ranges: RevPAR change 2.25%–4.25%; adjusted hotel EBITDA margin 33.7%–34.7%; adjusted EBITDAre $453M–$476M; net income $152M–$180M).
Balance Sheet Strengthening and Liquidity
Completed July refinancings that extended maturities and improved pricing: amended unsecured facility increased to ~ $1.3B capacity (revolver $700M maturing 2030, added term loans maturing 2031 & 2032). Post‑transactions weighted average debt maturity nearly 5 years, ~$602M revolver availability, no outstanding revolver balance, and limited near-term unsecured maturities.
Capital Allocation and Shareholder Returns
Quarterly distributions totaled $57 million ($0.24 per share); annualized regular monthly cash distribution $0.96 per share representing ~5.8% yield (based on recent close). YTD capex $40 million; full-year reinvestment expected $85M–$95M (up $5M) across 18 hotels; reinvestment at midpoint ≈6% of revenues.
Successful Operator Conversions and Asset Sales
Transitioned 13 Marriott-managed hotels to franchise; that group posted RevPAR growth >7% and adjusted hotel EBITDA margin expansion >300 bps (represents ~8% of adjusted hotel EBITDA). Completed sale of Hampton Inn & Suites Rochester for ~ $9M (reported cap rates 5% pre-capex / 4% post estimated $3M capex).
Low-Risk Development Pipeline
Two forward-purchase development projects under fixed-price forward purchase contracts (AC hotel in Anchorage, dual-branded AC & Residence Inn in Las Vegas) with cash outlays at completion; 55% of hotels had no new upper-upper/upscale/upper-midscale supply within a 5-mile radius, limiting near-term supply risk.
MX:APLE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed