Apple Hospitality REIT (APLE) investor relations material

Executive summary

• Achieved a strong start to 2026 with comparable hotels RevPAR growth of 2.2% year-over-year, supported by resilient demand and margin expansion, despite tough comps from 2025 events.

• Portfolio comprised 216–217 hotels (~30,000 rooms) in 83–84 markets as of March 31, 2026, with one hotel sold in April 2026.

• Portfolio diversification, disciplined capital allocation, and prudent expense management contributed to robust bottom-line growth and strong cash flow.

• Outperformed key industry indices in total shareholder return from 2021–2025.

• Management team has deep industry experience, having raised $7.4 billion in equity and managed $1.3 billion in CapEx.

Financial highlights

• Q1 2026 comparable hotels RevPAR was $114.61–$115, up 2.2% year-over-year; ADR was $157.35 (+0.1%), occupancy 72.8% (+2.1%).

• Comparable hotels total revenue rose 3.1%–4.3% to $336.9M–$337.7M; other revenues up 10%.

• Comparable hotels adjusted hotel EBITDA reached $108M–$108.5M (+3.1%–3.6%), with a margin of 32.2%.

• Adjusted EBITDARE was $100.6M–$101M (+2.2%), and MFFO was $80.3M or $0.34/share (+1.9%–3%).

• Capital expenditures for Q1 totaled $27.5M; $56.6M–$57M in shareholder distributions paid ($0.24/share), with a 7.1%–7.2% annualized yield.

Outlook and guidance

• Full-year 2026 net income expected between $143M and $169M.

• Comparable hotels RevPAR change projected at 0%–2%; adjusted hotel EBITDA margin between 32.9%–33.9%.

• Adjusted EBITDARE guidance set at $436M–$458M.

• Capital expenditures for 2026 expected at $80M–$90M, including major renovations at 21 properties.

• Guidance reflects Q1 outperformance but remains cautious due to macroeconomic and geopolitical risks.