Filing Flows › Apple Hospitality REIT (APLE) › Q1 2025
Apple Hospitality REIT (APLE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Apple Hospitality REIT (APLE) reported revenue of $328M for the first quarter 2025 (Q1 2025), -0.5% from a year earlier and -2% from the quarter before. Operating margin was 15.5%, net earnings $31.2M (9.5% of revenue).
Apple Hospitality REIT, Q1 2025: revenue $328M (-0.5% year over year), operating margin 15.5%, net earnings $31.2M, operating cash flow $49.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $328M | -2% | -0.5% |
| Operating profit | $50.9M | +2% | -29% |
| Net earnings | $31.2M | +5% | -42% |
| Operating cash flow | $49.1M | -48% | -10% |
| Free cash flow | $21.9M | -66% | -6% |
What changed
Revenue was $327.7M in Q1 2025, down 1% year over year and down 2% from the previous quarter. Occupancy was the largest line at 91% of revenue. Occupancy lost $1.9M year over year (down 1%), 104% of the total change.
Operating profit was $50.9M, a 15.5% margin (down 6.2 points year over year). Total costs grew 7% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+35%). Net earnings were $31.2M, down 42% year over year. The effective tax rate was 0.8%.
Operating cash flow was $49.1M (down 10% year over year), 157% of net earnings. Non-cash charges added back $47.9M of depreciation and amortization. Working capital and other items used $30.0M. Capital expenditures of $27.3M left free cash flow of $21.9M.
Questions
What was Apple Hospitality REIT's revenue in the first quarter 2025?
Apple Hospitality REIT (APLE) reported revenue of $328M for the first quarter 2025 (Q1 2025), -0.5% from a year earlier and -2% from the quarter before.
Was Apple Hospitality REIT profitable in the first quarter 2025?
Operating profit was $50.9M (15.5% of revenue) and net earnings $31.2M.