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AI brief of an SEC Form 8-K · Apple Hospitality REIT (APLE)

Apple Hospitality REIT Q3 net income falls 3.8% to $56.3 million; guidance trimmed

Mixed Impact 4 of 5 earnings Written later

Apple Hospitality REIT reported third-quarter 2024 results on November 4, 2024, with net income down 3.8% from a year earlier while Adjusted EBITDAre rose 5.7%. The company also lowered its full-year 2024 net income and Adjusted EBITDAre guidance midpoints slightly, so shareholders see mixed headline results and a modest guidance reduction.

Key points

  • Q3 2024 net income was $56.3 million, down 3.8% from $58.5 million; net income per share was $0.23, down from $0.26
  • Q3 2024 Adjusted EBITDAre rose 5.7% to $128.9 million, and MFFO rose 3.2% to $107.4 million
  • Nine-month net income was $184.2 million, up 17.6%, and Comparable Hotels RevPAR rose 0.8% in Q3 to $125.30
  • Versus the midpoint of prior guidance, 2024 net income is down $1 million and Adjusted EBITDAre is down $1.5 million; updated net income range is $204 million to $221 million

The filing

CompanyApple Hospitality REIT (APLE)
Form8-K, current report
Filed with the SECNov 4, 2024, 4:15 PM ET
Accession number0000950170-24-120710

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.