Filing Flows › Apple Hospitality REIT (APLE) › Q3 2026 › vs Q2 2026
Apple Hospitality REIT (APLE) Q3 2026 vs Q2 2026 (quarter over quarter)
Apple Hospitality REIT's revenue fell $4.2M (-1%) from $403M in Q2 2026 to $398M in Q3 2026. The biggest changes: Occupancy −$3.1M (-0.9%); Food and Beverage −$1.7M (-9%); Hotel Other +$645K (+3%). Operating margin 20.6% against 21.9% (-1.3 pts).
Apple Hospitality REIT, Q3 2026: revenue $398M (+6% year over year), operating margin 20.6%, net earnings $60.5M, operating cash flow $136M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 20.6% | 21.9% | -1.3 pts |
| Net margin | 15.2% | 16.7% | -1.5 pts |
| Free cash flow margin | 29.5% | 27.5% | +2.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Occupancy | $362M | $365M | −$3.1M | -0.9% |
| Hotel Other | $19.6M | $18.9M | $645K | +3% |
| Food and Beverage | $16.7M | $18.4M | −$1.7M | -9% |
| Revenue | $398M | $403M | −$4.2M | -1% |
| Operating profit | $82.2M | $88.2M | −$6.0M | -7% |
| Costs & expenses | $316M | $314M | $1.7M | +0.6% |
| Pre-tax earnings | $60.7M | $67.3M | −$6.6M | -10% |
| Other expense, net | $21.5M | $20.8M | $650K | +3% |
| Cost of revenue | $229M | $228M | $1.9M | +0.8% |
| General & admin | $10.9M | $13.2M | −$2.2M | -17% |
| Other operating costs | $75.7M | $73.7M | $2.1M | +3% |
| Net earnings | $60.5M | $67.1M | −$6.6M | -10% |
| Income tax | $258K | $260K | −$2K | -0.8% |
| Depreciation & amortization | $49.8M | $49.7M | $157K | +0.3% |
| Working capital & other | $25.3M | $8.2M | $17.1M | +208% |
| Operating cash flow | $136M | $125M | $10.7M | +9% |
| Free cash flow (OCF − capex) | $118M | $111M | $6.9M | +6% |
| Capital expenditures | $18.0M | $14.2M | $3.8M | +27% |
Questions
How much did Apple Hospitality REIT's revenue grow quarter over quarter in Q3 2026?
Apple Hospitality REIT's revenue fell $4.2M (-1%) from $403M in Q2 2026 to $398M in Q3 2026.
What drove Apple Hospitality REIT's revenue change in Q3 2026?
Occupancy −$3.1M (-0.9%); Food and Beverage −$1.7M (-9%); Hotel Other +$645K (+3%).