Filing Flows › Apple Hospitality REIT (APLE) › Q3 2026
Apple Hospitality REIT (APLE) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Apple Hospitality REIT (APLE) reported revenue of $398M for the third quarter 2026 (Q3 2026), +7% from a year earlier and -1% from the quarter before. Operating margin was 20.6%, net earnings $60.5M (15.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $398M | -1% | +7% |
| Operating profit | $82.2M | -7% | +13% |
| Net earnings | $60.5M | -10% | +19% |
| Operating cash flow | $136M | +9% | +7% |
| Free cash flow | $118M | +6% | +8% |
What changed
Revenue was $398.3M in Q3 2026, up 7% year over year and down 1% from the previous quarter. Occupancy was the largest line at 91% of revenue. Occupancy added $22.0M year over year (up 6%), 90% of the total change.
Operating profit was $82.2M, a 20.6% margin (up 1.2 points year over year). Of the extra revenue versus Q3 2025, 40% reached operating profit, above the 19% margin then. Total costs grew 5% against revenue growth of 7%. The fastest-growing cost line was General & admin (+45%). Net earnings were $60.5M, up 19% year over year. The effective tax rate was 0.4%.
Operating cash flow was $135.6M (up 7% year over year), 224% of net earnings. Non-cash charges added back $49.8M of depreciation and amortization. Working capital and other items added $25.3M. Capital expenditures of $18.0M left free cash flow of $117.6M.
Questions
What was Apple Hospitality REIT's revenue in the third quarter 2026?
Apple Hospitality REIT (APLE) reported revenue of $398M for the third quarter 2026 (Q3 2026), +7% from a year earlier and -1% from the quarter before.
Was Apple Hospitality REIT profitable in the third quarter 2026?
Operating profit was $82.2M (20.6% of revenue) and net earnings $60.5M.