Filing Flows › Apple Hospitality REIT (APLE) › Q2 2025
Apple Hospitality REIT (APLE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Apple Hospitality REIT (APLE) reported revenue of $384M for the second quarter 2025 (Q2 2025), -1% from a year earlier and +17% from the quarter before. Operating margin was 22.1%, net earnings $63.6M (16.6% of revenue).
Apple Hospitality REIT, Q2 2025: revenue $384M (-2% year over year), operating margin 22.1%, net earnings $63.6M, operating cash flow $109M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $384M | +17% | -1% |
| Operating profit | $84.9M | +67% | -9% |
| Net earnings | $63.6M | +104% | -14% |
| Operating cash flow | $109M | +121% | -15% |
| Free cash flow | $94.5M | +333% | -17% |
What changed
Revenue was $384.4M in Q2 2025, down 1% year over year and up 17% from the previous quarter. Occupancy was the largest line at 91% of revenue. Occupancy lost $5.1M year over year (down 1%), 89% of the total change.
Operating profit was $84.9M, a 22.1% margin (down 1.9 points year over year). Total costs grew 1% against a revenue fall of 1%. Net earnings were $63.6M, down 14% year over year. The effective tax rate was 0.4%.
Operating cash flow was $108.8M (down 15% year over year), 171% of net earnings. Non-cash charges added back $48.0M of depreciation and amortization. Capital expenditures of $14.3M left free cash flow of $94.5M.
Questions
What was Apple Hospitality REIT's revenue in the second quarter 2025?
Apple Hospitality REIT (APLE) reported revenue of $384M for the second quarter 2025 (Q2 2025), -1% from a year earlier and +17% from the quarter before.
Was Apple Hospitality REIT profitable in the second quarter 2025?
Operating profit was $84.9M (22.1% of revenue) and net earnings $63.6M.