Apple Hospitality REIT, Inc. (APLE)

Apple Hospitality REIT Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	1,299	1,226	1,139	871.44	560.49
Other Revenue	132.94	117.64	98.98	62.43	41.39
Total Revenue	1,431	1,344	1,238	933.87	601.88
Revenue Growth (YoY	6.52%	8.51%	32.61%	55.16%	-52.48%
Property Expenses	795.32	742.49	678.63	534.32	419.51
Selling, General & Administrative	169.48	164.94	147.22	120.87	90.38
Depreciation & Amortization	190.6	183.24	181.7	184.47	199.79
Total Operating Expenses	1,155	1,091	1,008	839.67	709.68
Operating Income	276.07	253.13	230.87	94.2	-107.8
Interest Expense	-77.75	-68.86	-59.73	-67.75	-70.84
EBT Excluding Unusual Items	198.32	184.27	171.14	26.45	-178.63
Gain (Loss) on Sale of Assets	19.74	-	1.79	3.6	10.85
Asset Writedown	-3.06	-5.64	-26.18	-10.75	-5.1
Pretax Income	215.01	178.62	146.75	19.3	-172.88
Income Tax Expense	0.95	1.14	1.94	0.47	0.33
Net Income	214.06	177.49	144.81	18.83	-173.21
Net Income to Common	214.06	177.49	144.81	18.83	-173.21
Net Income Growth	20.61%	22.57%	669.09%	-	-
Basic Shares Outstanding	241	229	229	226	224
Diluted Shares Outstanding	241	229	229	226	224
Shares Change (YoY)	5.20%	0.17%	1.14%	1.26%	-0.16%
EPS (Basic)	0.89	0.77	0.63	0.08	-0.77
EPS (Diluted)	0.89	0.77	0.63	0.08	-0.77
EPS Growth	14.64%	22.37%	660.42%	-	-
Dividend Per Share	0.960	0.960	0.600	0.040	0.300
Dividend Growth	-	60.00%	1400.00%	-86.67%	-75.00%
Operating Margin	19.29%	18.84%	18.64%	10.09%	-17.91%
Profit Margin	14.95%	13.21%	11.69%	2.02%	-28.78%
EBITDA	467.08	436.75	412.96	279.07	92.43
EBITDA Margin	32.63%	32.50%	33.35%	29.88%	15.36%
D&A For Ebitda	191.01	183.63	182.09	184.86	200.23
EBIT	276.07	253.13	230.87	94.2	-107.8
EBIT Margin	19.29%	18.84%	18.64%	10.09%	-17.91%
Funds From Operations (FFO)	384.93	363.32	347.84	205.26	13.38
Adjusted Funds From Operations (AFFO)	384.93	363.32	347.84	205.26	13.38
FFO Payout Ratio	60.18%	65.59%	40.10%	3.31%	503.50%
Effective Tax Rate	0.44%	0.64%	1.32%	2.43%	-
Revenue as Reported	1,431	1,344	1,238	933.87	601.88

Updated Feb 24, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q