Filing Flows › Apple Hospitality REIT (APLE) › Q1 2026
Apple Hospitality REIT (APLE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
Apple Hospitality REIT (APLE) reported revenue of $338M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +3% from the quarter before. Operating margin was 14.2%, net earnings $27.7M (8.2% of revenue).
Apple Hospitality REIT, Q1 2026: revenue $338M (+3% year over year), operating margin 14.2%, net earnings $27.7M, operating cash flow $48.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $338M | +3% | +3% |
| Operating profit | $48.0M | -3% | -6% |
| Net earnings | $27.7M | -6% | -11% |
| Operating cash flow | $48.9M | -43% | -0.6% |
| Free cash flow | $13.1M | -72% | -40% |
What changed
Revenue was $337.7M in Q1 2026, up 3% year over year and up 3% from the previous quarter. Occupancy was the largest line at 90% of revenue. Occupancy added $7.8M year over year (up 3%), 78% of the total change.
Operating profit was $48.0M, a 14.2% margin (down 1.3 points year over year). Operating profit fell $2.8M even though revenue rose $10.0M versus Q1 2025, so costs grew faster than sales. Total costs grew 5% against revenue growth of 3%. The fastest-growing cost line was General & admin (+17%). Net earnings were $27.7M, down 11% year over year. The effective tax rate was 0.9%.
Operating cash flow was $48.9M (down 1% year over year), 176% of net earnings. Non-cash charges added back $49.5M of depreciation and amortization. Working capital and other items used $28.4M. Capital expenditures of $35.8M left free cash flow of $13.1M.
Questions
What was Apple Hospitality REIT's revenue in the first quarter 2026?
Apple Hospitality REIT (APLE) reported revenue of $338M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +3% from the quarter before.
Was Apple Hospitality REIT profitable in the first quarter 2026?
Operating profit was $48.0M (14.2% of revenue) and net earnings $27.7M.