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Apple Hospitality REIT (APLE)
NYSE:APLE
RESEARCH TOOLSreports
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.14Last Year’s EPS
0.22Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: 1.86%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with growth in RevPAR and EBITDARE, favorable market dynamics, and successful capital allocation strategies. However, there were challenges in specific markets, underperformance of a new acquisition, rising fixed expenses, and a challenging transaction market. Despite these lowlights, the overall sentiment is buoyed by solid financial metrics and strategic market positioning.Company Guidance
During the fourth quarter and full year 2024 earnings call, Apple Hospitality REIT, Inc. provided robust guidance highlighting several key metrics. The company achieved a comparable hotels RevPAR growth of approximately 3% for the fourth quarter and more than 1% for the full year, with improvements in both ADR and occupancy. Adjusted EBITDARE increased by approximately 7% for the quarter, while modified funds from operations rose by around 6% compared to 2023. The company paid distributions totaling $0.24 per common share in the fourth quarter, resulting in an annual payout of approximately $244 million or $1.01 per share. With a strong pipeline and limited supply growth, Apple Hospitality anticipates continued favorable supply-demand dynamics, supporting its RevPAR growth guidance of 1% to 3% for 2025. The company expects comparable hotel EBITDA margins to range between 34.2% and 35.2% and plans capital expenditures between $80 million and $90 million. This comprehensive approach aims to optimize shareholder value through strategic acquisitions, dispositions, and reinvestments.Strong Growth in RevPAR and EBITDARE
Achieved comparable hotels RevPAR growth of approximately 3% for the fourth quarter and more than 1% for the full year. Fourth quarter adjusted EBITDARE was up approximately 7% and modified funds from operations increased by 6% compared to the previous year.
Favorable Market Dynamics
Approximately 55% of hotels did not have any new upper upscale, upscale, or upper midscale product under construction within a five-mile radius, enhancing the risk profile of the portfolio.
Successful Capital Allocation
Acquired two hotels for $196 million, sold six hotels for more than $63 million, repurchased approximately $35 million in common shares, and reinvested $78 million in the existing portfolio. These actions highlight tactical strategy adjustments to optimize portfolio and maximize returns.
Resilient Leisure Travel Demand
Leisure travel demand remained resilient, contributing significantly to the overall strong performance of the portfolio.
High Dividend Yield
Paid distributions totaling $0.24 per common share in the fourth quarter, resulting in an annual yield of approximately 6.5% based on the closing stock price.
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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
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APLE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $14.54 | $14.31 | -1.58% |
| Nov 04, 2024 | $14.38 | $14.41 | +0.21% |
| Aug 05, 2024 | $13.41 | $13.48 | +0.52% |
| May 06, 2024 | $13.98 | $14.04 | +0.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Apple Hospitality REIT (APLE) report earnings?
Apple Hospitality REIT (APLE) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Apple Hospitality REIT (APLE) earnings time?
Apple Hospitality REIT (APLE) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is APLE EPS forecast?
APLE EPS forecast for the fiscal quarter 2025 (Q1) is 0.14.
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