Apple Hospitality REIT, Inc. (APLE) FY2025 10-K Annual Report
Apple Hospitality REIT, Inc. (APLE) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 23, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Apple Hospitality REIT, Inc. FY2025 10-K Analysis
Business Overview
- • Core business: U.S.-focused self-advised REIT investing in income-producing upscale lodging sector hotels primarily under Marriott or Hilton brands
- • New emphasis: Development of dual-branded AC Hotel and Residence Inn in Las Vegas, $143.7M expected spend, opening 2Q 2028
- • Strategic shift: Transition of nine Marriott-managed hotels to non-Marriott/Hilton/Hyatt managers in Jan 2026 for operational realignment
- • Quantitative metric: 7 hotel sales netting $73.3M gross proceeds, two acquisitions totaling $117M, and 4.6M shares repurchased for $58.3M in 2025
- • Noteworthy fact: Repossession and operational reinstatement of 209-room New York boutique hotel in April 2025 after lease termination
Management Discussion & Analysis
- • Revenue $1.412B in 2025, down 1.3% YoY from $1.431B in 2024
- • Operating margin approx. 33.3% in 2025 (Adjusted Hotel EBITDA $476.5M / Revenue $1.412B) vs 35.6% in 2024 ($509.5M / $1.431B)
- • Best segment: Hotels showing RevPAR $117.90 in 2025, slight decrease from $118.54 in 2024; worst: Decline in occupancy from 75.0% to 74.1%
- • Cash allocation: Acquisitions $117.0M; Dispositions $73.3M proceeds; Share repurchases funded by some sale proceeds; No explicit dividend or total capex disclosed
- • Outlook: 2026 RevPAR expected stable vs 2025; Risks from macroeconomic uncertainty, government travel softness, inflation and potential recession
Risk Factors
- • Regulatory/legal risk: Compliance with Marriott and Hilton franchise agreements requiring costly renovations and adherence to brand standards, risking penalties or termination of agreements
- • Geopolitical/macroeconomic threat: Reduced hotel demand from U.S. travel declines due to geopolitical uncertainty, terrorism, government shutdowns, and pandemic impacts
- • Operational/supply chain vulnerability: Increased renovation costs and construction delays from supply chain disruptions and tariffs affecting ongoing hotel capital improvement projects
- • Competitive/market disruption risk: Competition from alternative lodging providers, including short-term rental platforms, threatening occupancy, ADR, and RevPAR
- • Financial/structural risk: 14 properties subject to ground leases risking loss of rights if leases not renewed or breaches occur, impairing asset value and income generation
Apple Hospitality REIT, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$1.4B
▼ -1.3% YoY
Net Income
$175M
▼ -18.1% YoY
Operating Margin
18.3%
▼ -220bp YoY
Net Margin
12.4%
▼ -254bp YoY
ROE
5.6%
▼ -99bp YoY
Total Assets
$4.9B
▼ -1.4% YoY
EPS (Diluted)
$0.74
▼ -16.9% YoY
Operating Cash Flow
$370M
▼ -8.7% YoY
Source: XBRL data from Apple Hospitality REIT, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on Apple Hospitality REIT, Inc.
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.