Apple Hospitality REIT (APLE) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Apple Hospitality REIT published the results on November 5, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Apple Hospitality REIT reports EPS two ways: GAAP, under the accounting rules every US filer follows, and MFFO per share, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Apple Hospitality REIT is a REIT. Revenue here is the "Total revenue" line of its GAAP statement of operations, and the rows above are that statement's revenue lines, not reporting segments. The adjusted line is modified funds from operations (MFFO) per share, a non-GAAP measure Apple Hospitality reconciles to net income in its release.
• From January 1, 2026, Apple Hospitality excludes share-based compensation from MFFO and Adjusted EBITDAre. It updated prior-year results to the same basis, so the year-ago MFFO per share of $0.43 is the restated figure.

Source: Apple Hospitality REIT Q3 2026 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Apple Hospitality REIT splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Apple Hospitality REIT's Room revenue was $362 million in Q3 2026, up 6% from $340 million in Q3 2025, 91% of total revenue.
• Apple Hospitality REIT's Food and beverage revenue was $16.7 million in Q3 2026, up 6% from $15.7 million in Q3 2025, 4% of total revenue.
• Apple Hospitality REIT's Other revenue was $19.6 million in Q3 2026, up 8% from $18.2 million in Q3 2025, 5% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Apple Hospitality REIT said:

“As compared to the midpoint of previously provided 2026 guidance, the Company is increasing Net income by $19 million, increasing Adjusted EBITDAre by $23 million, increasing Comparable Hotels RevPAR Change by 235 bps, and increasing Comparable Hotels Adjusted Hotel EBITDA Margin% by 105 bps.”

“Preliminary results for the month of October 2026 indicate an increase in Comparable Hotels RevPAR of approximately 10% as compared to October 2025.”

“The Company anticipates investing approximately $85 million to $95 million in capital improvements during 2026, which includes comprehensive renovation projects for approximately 18 hotels.”

Source: Apple Hospitality REIT Q3 2026 release, Nov 5, 2026.

This is the company's own guidance as of Nov 5, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the APLE forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenue and basic and diluted net income per common share, each as first reported in that quarter's release.

We do not hold a confirmed date for Apple Hospitality REIT's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 5, 2026

Apple Hospitality REIT's total revenue rose to $398.3 million in Q3 2026 from $373.9 million. Rooms are almost all of it: room revenue was $362.0 million, food and beverage $16.7 million and other revenue $19.6 million. Apple Hospitality concentrates on rooms-focused hotels in the upscale sector, and its largest brands by hotel count are Hilton Garden Inn (39), Courtyard (34), Hampton (33) and Residence Inn (30). (Apple Hospitality REIT Q3 2026 release, Nov 5, 2026; Apple Hospitality REIT Form 10-Q, Q3 2026, Nov 5, 2026; Apple Hospitality REIT Form 10-K, 2025, Feb 23, 2026)

Apple Hospitality said Comparable Hotels RevPAR rose 7.3% to $133.60, with ADR up 4.3% to $170.53 and occupancy of 78.3% against 76.2%. September was the strongest month, with Comparable Hotels RevPAR up 11.2%, and the release cites easier comparisons with last year's government shutdown along with business and leisure demand. (Apple Hospitality REIT Q3 2026 release, Nov 5, 2026)

At September 30, 2026, Apple Hospitality owned 216 hotels with 29,459 guest rooms in 83 markets across 37 states and the District of Columbia. Texas had the most (25 hotels, 3,005 rooms), followed by California (24 hotels, 3,553 rooms) and Florida (23 hotels, 2,970 rooms). Its Comparable Hotels set is the 212 hotels owned and held for use at quarter-end. (Apple Hospitality REIT Q3 2026 release, Nov 5, 2026; Apple Hospitality REIT Form 10-Q, Q3 2026, Nov 5, 2026)

Apple Hospitality is selling older hotels. It has five hotels under contract for a combined $71.8 million, including three in Santa Clarita for $42.0 million, and said it has sold or contracted to sell 13 hotels for about $154 million since the beginning of 2025. It also has forward-purchase contracts for an AC Hotel in Anchorage ($65.5 million) and a dual-branded AC Hotel and Residence Inn in Las Vegas (about $143.7 million). (Apple Hospitality REIT Q3 2026 release, Nov 5, 2026)

Apple Hospitality REIT's net income rose 18.9% to $60.5 million, or $0.26 per share, from $50.9 million, or $0.21. Operating income rose 13.4% to $82.2 million. Q3 2026 included a $4.3 million impairment tied to one of the hotels under contract for sale, against $5.7 million of impairment and a $4.4 million gain on sale of real estate a year earlier. (Apple Hospitality REIT Q3 2026 release, Nov 5, 2026)

MFFO per share, the REIT's main non-GAAP earnings measure, rose 16.3% to $0.50 from $0.43, and MFFO rose 16.0% to $118.0 million. Funds from operations adds back $49.0 million of real estate depreciation and the impairment to net income, and MFFO also adds back share-based compensation ($3.2 million), which Apple Hospitality began excluding on January 1, 2026. (Apple Hospitality REIT Q3 2026 release, Nov 5, 2026)

Weighted average shares were 236.2 million against 237.1 million. Apple Hospitality did not repurchase shares or sell shares under its ATM program in the first nine months of 2026, and it had $242.5 million remaining under its repurchase program. It paid distributions of $0.24 per share in the quarter, a monthly rate of $0.96 a year. (Apple Hospitality REIT Q3 2026 release, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Apple Hospitality REIT gives full-year guidance in its release and raised it in Q3 2026: net income of $177 million to $192 million, Comparable Hotels RevPAR change of 5.1% to 6.1%, Comparable Hotels Adjusted Hotel EBITDA Margin of 35.0% to 35.5%, and Adjusted EBITDAre of $482 million to $493 million. The midpoint of Adjusted EBITDAre rose by $23 million. (Apple Hospitality REIT Q3 2026 release, Nov 5, 2026)

The guidance assumes no unannounced acquisitions or dispositions. Preliminary October 2026 results showed Comparable Hotels RevPAR up about 10% from October 2025. (Apple Hospitality REIT Q3 2026 release, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Apple Hospitality REIT, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Apple Hospitality REIT's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning APLE is on is APLE a buy or a sell?, what analysts expect next is on the APLE forecast, and what the company does is on the Apple Hospitality REIT (APLE) stock page.

Every number on this page can be traced to a document Apple Hospitality REIT published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.