Apple Hospitality REIT (APLE) Financials

Apple Hospitality REIT (NYSE: APLE) has demonstrated steady financial performance over the last four years, with consistent revenue and a stable dividend payout. Here are the key takeaways from its recent quarterly financial statements and historical trends:

• For Q1 2025, the company reported a net income attributable to common shareholders of $31.2 million, maintaining a stable earnings per share (EPS) of $0.13, consistent with the prior quarters in 2024.
• Total revenue remained stable at about $331 million in Q1 2025, showing resilience despite periodic fluctuations in other income components.
• Cash dividends per common share in Q1 2025 were maintained at $0.29, consistent with recent quarters, indicating a steady commitment to shareholder returns.
• Operating cash flow for Q1 2025 was $49.1 million, which provides a healthy level of cash generated from core business operations.
• The company has maintained a strong asset base, with total assets around $4.95 billion at the end of Q1 2025, supported by premises and equipment worth approximately $4.78 billion.
• The balance sheet shows long-term debt of about $1.54 billion as of Q1 2025, which has increased moderately over the past 12 months but remains manageable relative to total assets.
• Net occupancy and equipment expenses have consistently hovered near $200 million quarterly, reflecting the ongoing costs associated with property maintenance and operations.
• Impairment charges have been intermittently reported in prior periods (notably Q4 2022 and parts of 2023), although recently have tapered off to zero, indicating past asset write-downs but no immediate ongoing impairments.
• Net cash used for investing activities in Q1 2025 was $7.1 million, reflecting capital expenditures and acquisitions that have been consistent but significant over time, implying ongoing capital intensity.
• The company’s financing activities often show significant repayment of debt alongside dividend payments and equity repurchases, leading to net cash outflows; in Q1 2025 net financing cash flow was an outflow of $36 million, indicating active balance sheet management that could pressure liquidity.

Trend Summary: Apple Hospitality REIT has sustained relatively flat revenue and earnings through 2023 and early 2025, with EPS remaining around the $0.13-$0.31 range quarterly depending on the period. Dividend payments per share have steadily increased from $0.17 in 2022 Q3 to $0.29 in early 2025, enhancing shareholder income. Operating cash flows are positive and sufficient to cover dividend payments, although with heavy investing and financing cash outflows. The balance sheet displays steady growth in assets and a moderate, controlled rise in long-term debt.

Overall, Apple Hospitality REIT’s financials portray a stable real estate investment trust maintaining its dividend and earnings with managed debt levels and consistent property investment. Investors should watch for any resumption of impairment charges or rising debt costs that might pressure profitability or dividend sustainability in the future.