Filing Flows › Apple Hospitality REIT (APLE) › Q3 2025
Apple Hospitality REIT (APLE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Apple Hospitality REIT (APLE) reported revenue of $374M for the third quarter 2025 (Q3 2025), -1% from a year earlier and -3% from the quarter before. Operating margin was 19.4%, net earnings $50.9M (13.6% of revenue).
Apple Hospitality REIT, Q3 2025: revenue $374M (-1% year over year), operating margin 19.4%, net earnings $50.9M, operating cash flow $126M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $374M | -3% | -1% |
| Operating profit | $72.5M | -15% | -7% |
| Net earnings | $50.9M | -20% | -10% |
| Operating cash flow | $126M | +16% | -1% |
| Free cash flow | $109M | +15% | -4% |
What changed
Revenue was $373.9M in Q3 2025, down 1% year over year and down 3% from the previous quarter. Occupancy was the largest line at 91% of revenue. Occupancy lost $6.1M year over year (down 2%), 122% of the total change.
Operating profit was $72.5M, a 19.4% margin (down 1.1 points year over year). Total costs grew 0% against a revenue fall of 1%. Net earnings were $50.9M, down 10% year over year. The effective tax rate was 0.5%.
Operating cash flow was $126.4M (down 1% year over year), 249% of net earnings. Non-cash charges added back $48.1M of depreciation and amortization. Working capital and other items added $27.5M. Capital expenditures of $17.4M left free cash flow of $109.0M.
Questions
What was Apple Hospitality REIT's revenue in the third quarter 2025?
Apple Hospitality REIT (APLE) reported revenue of $374M for the third quarter 2025 (Q3 2025), -1% from a year earlier and -3% from the quarter before.
Was Apple Hospitality REIT profitable in the third quarter 2025?
Operating profit was $72.5M (19.4% of revenue) and net earnings $50.9M.