Filing Flows › Apple Hospitality REIT (APLE) › Q2 2026 › vs Q1 2026
Apple Hospitality REIT (APLE) Q2 2026 vs Q1 2026 (quarter over quarter)
Apple Hospitality REIT's revenue rose $64.8M (+19%) from $338M in Q1 2026 to $403M in Q2 2026. The biggest changes: Occupancy +$60.5M (+20%); Hotel Other +$2.2M (+13%); Food and Beverage +$2.1M (+13%). Operating margin 21.9% against 14.2% (+7.7 pts).
Apple Hospitality REIT, Q2 2026: revenue $403M (+5% year over year), operating margin 21.9%, net earnings $67.1M, operating cash flow $125M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 21.9% | 14.2% | +7.7 pts |
| Net margin | 16.7% | 8.2% | +8.5 pts |
| Free cash flow margin | 27.5% | 3.9% | +23.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Occupancy | $365M | $305M | $60.5M | +20% |
| Hotel Other | $18.9M | $16.8M | $2.2M | +13% |
| Food and Beverage | $18.4M | $16.3M | $2.1M | +13% |
| Revenue | $403M | $338M | $64.8M | +19% |
| Operating profit | $88.2M | $48.0M | $40.1M | +84% |
| Costs & expenses | $314M | $290M | $24.7M | +9% |
| Pre-tax earnings | $67.3M | $27.9M | $39.4M | +141% |
| Other expense, net | $20.8M | $20.1M | $745K | +4% |
| Cost of revenue | $228M | $207M | $20.6M | +10% |
| General & admin | $13.2M | $10.8M | $2.4M | +22% |
| Other operating costs | $73.7M | $72.0M | $1.7M | +2% |
| Net earnings | $67.1M | $27.7M | $39.4M | +142% |
| Income tax | $260K | $242K | $18K | +7% |
| Depreciation & amortization | $49.7M | $49.5M | $115K | +0.2% |
| Working capital & other | $8.2M | −$28.4M | $36.6M | — |
| Operating cash flow | $125M | $48.9M | $76.1M | +156% |
| Free cash flow (OCF − capex) | $111M | $13.1M | $97.7M | +746% |
| Capital expenditures | $14.2M | $35.8M | −$21.6M | -60% |
Questions
How much did Apple Hospitality REIT's revenue grow quarter over quarter in Q2 2026?
Apple Hospitality REIT's revenue rose $64.8M (+19%) from $338M in Q1 2026 to $403M in Q2 2026.
What drove Apple Hospitality REIT's revenue change in Q2 2026?
Occupancy +$60.5M (+20%); Hotel Other +$2.2M (+13%); Food and Beverage +$2.1M (+13%).