Apple Hospitality REIT Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	1,278	1,299	1,226	1,139	871.44
Other Revenue	133.96	132.94	117.64	98.98	62.43
Total Revenue	1,412	1,431	1,344	1,238	933.87
Revenue Growth (YoY	-1.33%	6.52%	8.51%	32.61%	55.16%
Property Expenses	810.02	795.32	742.49	678.63	534.32
Selling, General & Administrative	159.32	169.48	164.94	147.22	120.87
Depreciation & Amortization	192.63	190.6	183.24	181.7	184.47
Total Operating Expenses	1,162	1,155	1,091	1,008	839.67
Operating Income	250.41	276.07	253.13	230.87	94.2
Interest Expense	-81.48	-77.75	-68.86	-59.73	-67.75
EBT Excluding Unusual Items	168.93	198.32	184.27	171.14	26.45
Gain (Loss) on Sale of Assets	13.12	19.74	-	1.79	3.6
Asset Writedown	-5.72	-3.06	-5.64	-26.18	-10.75
Pretax Income	176.32	215.01	178.62	146.75	19.3
Income Tax Expense	0.96	0.95	1.14	1.94	0.47
Net Income	175.36	214.06	177.49	144.81	18.83
Net Income to Common	175.36	214.06	177.49	144.81	18.83
Net Income Growth	-18.08%	20.61%	22.57%	669.09%	-
Basic Shares Outstanding	238	241	229	229	226
Diluted Shares Outstanding	238	241	229	229	226
Shares Change (YoY)	-1.44%	5.20%	0.17%	1.14%	1.26%
EPS (Basic)	0.74	0.89	0.77	0.63	0.08
EPS (Diluted)	0.74	0.89	0.77	0.63	0.08
EPS Growth	-16.88%	14.64%	22.37%	660.42%	-
Dividend Per Share	0.960	0.960	0.960	0.600	0.040
Dividend Growth	-	-	60.00%	1400.00%	-86.67%
Operating Margin	17.73%	19.29%	18.84%	18.64%	10.09%
Profit Margin	12.42%	14.95%	13.21%	11.69%	2.02%
EBITDA	443.45	467.08	436.75	412.96	279.07
EBITDA Margin	31.40%	32.63%	32.50%	33.35%	29.88%
D&A For Ebitda	193.04	191.01	183.63	182.09	184.86
EBIT	250.41	276.07	253.13	230.87	94.2
EBIT Margin	17.73%	19.29%	18.84%	18.64%	10.09%
Funds From Operations (FFO)	357.56	384.93	363.32	347.84	205.26
Adjusted Funds From Operations (AFFO)	357.56	384.93	363.32	347.84	205.26
FFO Payout Ratio	63.91%	60.18%	60.54%	40.10%	3.31%
Effective Tax Rate	0.54%	0.44%	0.64%	1.32%	2.43%
Revenue as Reported	1,412	1,431	1,344	1,238	933.87

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.