Filing Flows › Apple Hospitality REIT (APLE) › Q3 2026 › vs Q3 2025
Apple Hospitality REIT (APLE) Q3 2026 vs Q3 2025 (year over year)
Apple Hospitality REIT's revenue rose $24.5M (+7%) from $374M in Q3 2025 to $398M in Q3 2026. The biggest changes: Occupancy +$22.0M (+6%); Hotel Other +$1.4M (+8%); Food and Beverage +$990K (+6%). Operating margin 20.6% against 19.4% (+1.2 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 20.6% | 19.4% | +1.2 pts |
| Net margin | 15.2% | 13.6% | +1.6 pts |
| Free cash flow margin | 29.5% | 29.2% | +0.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Occupancy | $362M | $340M | $22.0M | +6% |
| Hotel Other | $19.6M | $18.2M | $1.4M | +8% |
| Food and Beverage | $16.7M | $15.7M | $990K | +6% |
| Revenue | $398M | $374M | $24.5M | +7% |
| Operating profit | $82.2M | $72.5M | $9.7M | +13% |
| Costs & expenses | $316M | $301M | $14.8M | +5% |
| Pre-tax earnings | $60.7M | $51.1M | $9.6M | +19% |
| Other expense, net | $21.5M | $21.4M | $92K | +0.4% |
| Cost of revenue | $229M | $222M | $7.5M | +3% |
| General & admin | $10.9M | $7.5M | $3.4M | +45% |
| Other operating costs | $75.7M | $71.9M | $3.9M | +5% |
| Net earnings | $60.5M | $50.9M | $9.6M | +19% |
| Income tax | $258K | $242K | $16K | +7% |
| Depreciation & amortization | $49.8M | $48.1M | $1.7M | +4% |
| Working capital & other | $25.3M | $27.5M | −$2.1M | -8% |
| Operating cash flow | $136M | $126M | $9.2M | +7% |
| Free cash flow (OCF − capex) | $118M | $109M | $8.6M | +8% |
| Capital expenditures | $18.0M | $17.4M | $600K | +3% |
Questions
How much did Apple Hospitality REIT's revenue grow year over year in Q3 2026?
Apple Hospitality REIT's revenue rose $24.5M (+7%) from $374M in Q3 2025 to $398M in Q3 2026.
What drove Apple Hospitality REIT's revenue change in Q3 2026?
Occupancy +$22.0M (+6%); Hotel Other +$1.4M (+8%); Food and Beverage +$990K (+6%).