Apple Hospitality REIT Q1 net income falls 11.3%, but it raises 2026 outlook
Apple Hospitality REIT reported first quarter 2026 net income of $27.7 million, down 11.3% from $31.2 million a year earlier, while total revenue rose to $337.7 million from $327.7 million. The company raised the midpoints of its 2026 guidance, with net income up $9 million and Adjusted EBITDAre up $11 million, which matters to shareholders because it signals a stronger expected year despite lower quarterly profit.
Key points
- Net income was $27.7 million, or $0.12 per share, versus $31.2 million, or $0.13 per share, in the first quarter of 2025.
- Total revenue was $337.7 million versus $327.7 million; Comparable Hotels RevPAR rose 2.2% to $114.61.
- Guidance midpoints were raised by $9 million for net income and $11 million for Adjusted EBITDAre; the 2026 net income range is $143 million to $169 million.
- Preliminary April 2026 Comparable Hotels RevPAR rose more than 4%; the earnings call is set for 10 a.m. Eastern Time on May 5, 2026.
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing 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 May 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.