Apple Hospitality REIT, Inc. reported its financial results for the second quarter of 2026, revealing total revenues of $402.6 million, a 4.7% increase from $384.4 million in the same period last year. For the six months ended June 30, 2026, revenues reached $740.3 million, up 4.0% from $712.1 million in 2025. The company’s net income for the second quarter was $67.1 million, compared to $63.6 million in the prior year, while net income for the first half of 2026 was $94.8 million, slightly down from $94.9 million in 2025. The basic and diluted net income per common share for the quarter was $0.28, up from $0.27 a year earlier.
In terms of operational metrics, the company owned 216 hotels with a total of 29,459 guest rooms as of June 30, 2026. This represents a decrease from 221 hotels and 29,893 guest rooms a year prior. The average daily rate (ADR) for the quarter was $169.87, a 3.9% increase from $163.56 in the same quarter of 2025, while occupancy rates improved to 80.1% from 78.6%. Revenue per available room (RevPAR) also saw a significant increase, rising 5.9% to $136.13 compared to $128.59 in the previous year.
The company did not make any acquisitions during the first half of 2026 but sold one hotel in April for approximately $8.7 million, resulting in a gain of $0.2 million. The proceeds from this sale were used to reduce outstanding amounts under its revolving credit facility. Additionally, Apple Hospitality REIT recognized an impairment loss of $2.3 million for a property identified for potential sale during the second quarter. The company continues to focus on enhancing its portfolio through strategic management transitions, having moved management responsibilities for several hotels to different third-party operators to improve operational efficiency.
Looking ahead, Apple Hospitality REIT has expressed optimism regarding its revenue growth, particularly in light of increased demand from both business and leisure travel. The company anticipates that RevPAR will continue to improve for the remainder of 2026, driven by factors such as the upcoming FIFA World Cup events hosted in the U.S. The company has also amended its credit agreements to extend maturities and increase borrowing capacity, which positions it well for future investments and operational needs. As of June 30, 2026, the company had total outstanding debt of approximately $1.5 billion, with a significant portion of its debt being variable-rate, which it manages through interest rate swaps.
About Apple Hospitality REIT, Inc.
Apple Hospitality REIT, Inc. is a self-advised real estate investment trust focused on owning and investing in income-producing, rooms-focused hotels across the United States. Its portfolio primarily consists of upscale and upper midscale hotels operated under leading Marriott and Hilton brands. The company leverages geographic and brand diversification, third-party management agreements, and proactive asset management to maximize long-term shareholder value through stable cash distributions and capital appreciation.
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