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Apple Hospitality REIT vs Rayonier: APLE and RYN compared
Apple Hospitality REIT is the larger company: $398M of revenue in its latest quarter (Q3 2026) against $396M for Rayonier (Q2 2026). Rayonier is growing faster (+272% against +6% a year earlier). Apple Hospitality REIT is more profitable, with an operating margin of 20.6% against 8.7%.
Where the money goes: APLE and RYN
Apple Hospitality REIT (APLE) · Q3 2026
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.
Rayonier (RYN) · Q2 2026
Rayonier, Q2 2026: revenue $396M (+272% year over year), operating margin 8.7%, net earnings $19.1M, operating cash flow $111M. The chart follows the revenue to costs, profit and cash.
| Apple Hospitality REIT (APLE) | Rayonier (RYN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $398M | $396M |
| Revenue growth, Y/Y | +6% | +272% |
| Operating margin | 20.6% | 8.7% |
| Net earnings | $60.5M | $19.1M |
| Net margin | 15.2% | 4.8% |
| Operating cash flow | $136M | $111M |
| Free cash flow | $118M | $83.2M |
| Market value | $4.5B | $5.5B |
| P/E | 24.1× | 82.1× |
| Analysts’ mean target | $17.94 | $23.67 |
Where the revenue comes from
Apple Hospitality REIT
- Occupancy: $362M (91%)
- Hotel Other: $19.6M (5%)
- Food and Beverage: $16.7M (4%)
Rayonier
- Total Wood Products Sales: $196M (49%)
- Lumber: $158M (40%)
- Stumpage Pay-as-Cut: $23.9M (6%)
- Total Non-Timber Sales: $18.4M (5%)
Questions
Which is bigger, Apple Hospitality REIT or Rayonier?
Apple Hospitality REIT is the larger company: $398M of revenue in its latest quarter (Q3 2026) against $396M for Rayonier (Q2 2026).
Is Apple Hospitality REIT or Rayonier growing faster?
Rayonier is growing faster (+272% against +6% a year earlier).
Which is more profitable, Apple Hospitality REIT or Rayonier?
Apple Hospitality REIT is more profitable, with an operating margin of 20.6% against 8.7%.
More: Apple Hospitality REIT earnings · how Apple Hospitality REIT makes money · Rayonier earnings · how Rayonier makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 7, 2026). Fiscal quarters can end on different dates. Not investment advice.