Highlights

  • Second quarter 2026 total revenue rose 4.7% to $402.6 million, with revenue per available room up 5.9% to $136.13.
  • Net income grew 5.4% to $67.1 million, or $0.28 per share; non-GAAP Adjusted Hotel EBITDA rose 8.7%.
  • In July the company amended its credit facilities, extended maturities and raised revolver capacity to $700 million.
  • Management expects full-year 2026 RevPAR to exceed 2025 levels, and declared a monthly distribution of $0.08 per share.

Apple Hospitality REIT, Inc. (NYSE:APLE) shares were trading near their 52-week high at USD 18.22 on October 21, 2026, an increase of 2.22%. The lodging real estate investment trust reported second quarter results in a Form 10-Q filed on August 5, amended its credit facilities in July, and said it expects full-year 2026 RevPAR to top the prior year.

Based in Richmond, Virginia, Apple Hospitality is a self-advised Virginia corporation that has elected REIT status for federal income tax purposes. It invests in income-producing real estate, primarily lodging, and at June 30, 2026 owned 216 hotels with 29,459 guest rooms across 37 states and the District of Columbia. Substantially all of its hotels operate under Marriott or Hilton brands and are run by 15 unaffiliated management companies. Its fiscal year ends December 31.

Second Quarter Results and Operating Metrics

Total revenue for the three months ended June 30, 2026 was $402.6 million, up from $384.4 million a year earlier. Occupancy rose to 80.1% from 78.6% and average daily rate to $169.87 from $163.56, lifting revenue per available room (RevPAR) 5.9% to $136.13. On a comparable-hotel basis, RevPAR was up 5.3%.

The company tied the gains to broad improvement in business and leisure demand against a 2025 weakened by reduced government travel and macroeconomic uncertainty, and said 2026 FIFA World Cup events in the U.S. added short-term demand and rates in June. Net income was $67.1 million, up from $63.6 million, or $0.28 per basic and diluted share.

Several costs moved higher. General and administrative expense rose 63.2% to $13.2 million and the company booked a $2.3 million impairment of depreciable real estate. On a non-GAAP basis, Adjusted Hotel EBITDA was $153.3 million versus $141.1 million, and modified funds from operations were $123.4 million versus $113.2 million.

Credit Facility Amendments, Debt and Portfolio Activity

In July 2026 the company amended and restated its $1.2 billion credit facility, extending maturities and lifting the revolver by $50 million to $700 million, for total capacity of about $1.3 billion. It also amended its $385 million and $85 million term loans, and expanded its $130 million term loan to $160 million, funding the extra $30 million at closing. The revolver due July 25, 2026 now matures July 24, 2030.

At June 30, 2026, total debt was $1.5 billion, made up of $161.7 million of mortgage debt and $1.3 billion under unsecured facilities. Cash on hand was about $10.2 million, with $602.0 million of unused revolver capacity, and it reported covenant compliance. About $292.6 million of principal and interest was due over the next 12 months, including $51.3 million on a loan secured by three properties that matures in the fourth quarter of 2026.

On the portfolio, the company sold one hotel on April 15 for about $8.7 million, using proceeds to repay revolver borrowings. It has a $65.5 million contract for a 160-room AC Hotel under development in Anchorage, Alaska, planned to open in the fourth quarter of 2027, though closing conditions remain unmet. A dual-branded AC Hotel and Residence Inn in Las Vegas is expected to cost about $143.7 million and open in the second quarter of 2028.

Distributions, Buyback Authorization and Outlook

The company paid $0.24 per share in distributions in the quarter, $56.6 million in total, and declared a $0.08 monthly distribution payable August 17. Its annual rate is $0.96 per share, and management currently expects monthly distributions to continue at $0.08, subject to board approval. The board extended its $242.5 million share repurchase program by a year in May, though no shares were repurchased in the first half.

On outlook, management expects RevPAR to keep improving versus 2025 for the rest of the year, and full-year 2026 RevPAR to exceed 2025, assuming no material change in the macroeconomic environment. These are company expectations, and the figures cover the quarter ended June 30, 2026.