The filing confirms strong Q2 operational momentum with RevPAR growth and margin expansion. Monitor the progress of the two hotel development projects (Anchorage and Las Vegas) as they represent ~$209M in future capital deployment. The refinanced credit facility with $700M available provides dry powder for potential acquisitions.
Price Chart
Executive Summary
Apple Hospitality REIT filed an 8-K furnishing an updated investor presentation with Q2 2026 operating results. Comparable Hotels RevPAR grew 5.3% YoY to $136.17, Adjusted Hotel EBITDA margin expanded 120 bps to 38.1%, and MFFO per share rose 8.3% to $0.52. The presentation also highlighted a strong balance sheet with 27% net debt to total capitalization, $700M available on the revolver, and two hotel development projects under contract in Anchorage and Las Vegas for a combined $209.2M. The filing is a routine investor update with no new material events beyond the already-reported Q2 results.
Key Facts
- Comparable Hotels RevPAR grew 5.3% YoY to $136.17 in Q2 2026.
- Comparable Hotels Adjusted Hotel EBITDA margin expanded 120 bps to 38.1%.
- MFFO per share was $0.52, up 8.3% YoY.
- Net debt to total capitalization was 27% at quarter end.
- Company has $700M available on its revolving credit facility.
- Two hotel developments under contract: AC Hotel Anchorage ($65.5M, Q4 2027) and AC Hotel & Residence Inn Las Vegas ($143.7M, Q2 2028).
- Monthly dividend of $0.08 per share, annualized yield of 6.0%.
Financial Impact
Q2 2026 Comparable Hotels Total Revenue of $402.4M, up 6.2% YoY; MFFO of $123.4M, up 9.0% YoY.
Risk Factors
- Forward-looking statements regarding development projects are subject to closing conditions and construction timelines.
- Hotel industry performance is sensitive to macroeconomic conditions, including potential impacts from tariffs, inflation, or recession.
- Supply growth in certain markets could pressure occupancy and pricing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-391948 |
| Document: aple-20260915.htm | 0001193125-26-391948 |
| Document: 0001193125-26-391948-index-headers.html | 0001193125-26-391948 |
| Document: 0001193125-26-391948-index.html | 0001193125-26-391948 |
| Document: 0001193125-26-391948.txt | 0001193125-26-391948 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 8-K | $15.43 $15.68 | ▲ +1.62% | ▼ −1.21% | $16.51 (+7.00%) |
Aug 15, 2026 6w ago | Institutional Cluster | $15.91 $16.59 | ▲ +4.27% | ▲ +5.46% | $16.51 (+3.77%) |
Aug 10, 2026 7w ago | 8-K | $15.57 $16.07 | ▲ +3.21% | ▲ +3.61% | $16.51 (+6.04%) |
Jul 28, 2026 9w ago | 8-K | $16.81 $16.55 | ▼ −1.55% | ▼ −7.08% | $16.51 (−1.78%) |
Jun 10, 2026 16w ago | 8-K | $16.16 $16.25 | ▲ +0.56% | ▲ +0.12% | $16.51 (+2.17%) |
May 5, 2026 21w ago | 144 | $13.61 $13.79 | ▲ +1.32% | ▼ −0.66% | $16.51 (+21.31%) |
May 4, 2026 21w ago | 8-K | $13.61 $13.79 | ▲ +1.32% | ▼ −0.66% | $16.51 (+21.31%) |
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