Filing Flows › Apple Hospitality REIT (APLE) › Q4 2025
Apple Hospitality REIT (APLE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 23, 2026
Apple Hospitality REIT (APLE) reported revenue of $326M for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and -13% from the quarter before. Operating margin was 15.2%, net earnings $29.6M (9.1% of revenue).
Apple Hospitality REIT, Q4 2025: revenue $326M (-2% year over year), operating margin 15.2%, net earnings $29.6M, operating cash flow $85.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $326M | -13% | -2% |
| Operating profit | $49.6M | -32% | -0.6% |
| Net earnings | $29.6M | -42% | -0.7% |
| Operating cash flow | $85.8M | -32% | -10% |
| Free cash flow | $47.2M | -57% | -27% |
What changed
Revenue was $326.4M in Q4 2025, down 2% year over year and down 13% from the previous quarter. Occupancy was the largest line at 90% of revenue.
Operating profit was $49.6M, a 15.2% margin (up 0.2 points year over year). Total costs fell 2% while revenue fell 2%. Net earnings were $29.6M, down 1% year over year. The effective tax rate was 0.8%.
Operating cash flow was $85.8M (down 10% year over year), 290% of net earnings. Non-cash charges added back $48.6M of depreciation and amortization. Working capital and other items added $7.7M. Capital expenditures of $38.6M left free cash flow of $47.2M.
Questions
What was Apple Hospitality REIT's revenue in the fourth quarter 2025?
Apple Hospitality REIT (APLE) reported revenue of $326M for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and -13% from the quarter before.
Was Apple Hospitality REIT profitable in the fourth quarter 2025?
Operating profit was $49.6M (15.2% of revenue) and net earnings $29.6M.