Apple Hospitality REIT, Inc. (APLE)

NYSEReal EstateReit - Hotel & MotelSnapshot 2026-10-23

$18.04-0.66%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Apple Hospitality REIT, Inc.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	334.95M
EPS	—	0.101
Annual ending 2026-12-31
Revenue	—	1.46B
EPS	—	0.726
Annual ending 2027-12-31
Revenue	—	1.49B
EPS	—	0.747

Management figures unavailable.

What the Thesis Depends On

5 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Capital expenditures between $80 million and $90 million in 2026	A supporting condition in Apple Hospitality REIT, Inc.'s published investment case. The stated target is $80M to $90M.	Broken	Capex exceeds $90 million in FY26	Capital expenditures: $14.224M FY2026-Q2; GAAP. Published target: $80M to $90M. Target period is not explicitly aligned with this observation. Source published Aug 5, 202614,224,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q2. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated in 5 quarters from 2025-Q2 through 2026-Q2. Guidance increased from $80M-$90M to $85M-$95M by 2026-Q2. Management reaffirmed capital expenditure discipline and reinvestment plans. The trajectory shows consistent guidance with a modest increase, indicating delivery on planned capital allocation. Delivery assessment Oct 24, 2026
Maintain dividend at $0.24 per share	Apple Hospitality REIT keeps paying a steady dividend of $0.24 per share.	Intact	Dividend per share falls below $0.24 in any quarter	Dividend per share: $0.24 per share FY2026-Q2; GAAP. Published target: $0.24 per share monthly. Target period is not explicitly aligned with this observation. Source published Aug 5, 20260.24 USD/share · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 73e87b7f-55d9-40a9-ab5e-f48c29e0891e. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Management stated this priority in 4 quarters from 2025-Q3 through 2026-Q2. The company consistently paid $0.24 per share quarterly dividend, with no change in dividend per share across these periods. The trajectory is delivering consistent monthly dividends as committed. Delivery assessment Oct 24, 2026
Gross margin near 33% in FY2026	Revenue is expected near $1.465 billion in 2026 with a gross margin around 33%.	Intact	Gross margin falls below 30% in FY26	Gross margin: 43.47% FY2026-Q2; GAAP. Published target: ~32.9%. Target period is not explicitly aligned with this observation. Source published Aug 5, 202643.465333 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q2. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Revenue near $1.465 billion in FY2026	Revenue is expected near $1.465 billion in 2026 with a gross margin around 33%.	Intact	Revenue falls below $1.3 billion in FY26	Revenue: $402.553M FY2026-Q2; GAAP. Published target: ~$1.465 billion. Target period is not explicitly aligned with this observation. Source published Aug 5, 2026402,553,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 73e87b7f-55d9-40a9-ab5e-f48c29e0891e. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Repurchase up to $242.5 million in shares by July 2027	The company has a $242.5 million share buyback program extended through July 2027.	Intact	No meaningful share repurchases executed by July 2027	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS: comparable history unavailable.

FY2027 revenue$1.49B

$1.47B → $1.49B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	Unavailable	$1,470,675,530	4 / 7
2026-07-25	Unavailable	$1,470,675,530	4 / 7
2026-07-26	Unavailable	$1,470,675,530	4 / 7
2026-07-27	Unavailable	$1,467,036,816	3 / 5
2026-07-28	Unavailable	$1,470,675,530	4 / 7
2026-07-29	Unavailable	$1,470,675,530	4 / 7
2026-07-30	Unavailable	$1,470,675,530	4 / 7
2026-07-31	Unavailable	$1,470,675,530	4 / 7
2026-08-01	Unavailable	$1,470,675,530	4 / 7
2026-08-02	Unavailable	$1,470,675,530	4 / 7
2026-08-03	Unavailable	$1,470,675,530	4 / 7
2026-08-04	Unavailable	$1,470,675,530	4 / 7
2026-08-05	Unavailable	$1,470,675,530	4 / 7
2026-08-06	Unavailable	$1,470,675,530	4 / 7
2026-08-07	Unavailable	$1,467,036,816	3 / 5
2026-08-08	Unavailable	$1,470,675,530	4 / 7
2026-08-09	Unavailable	$1,470,675,530	4 / 7
2026-08-10	Unavailable	$1,470,675,530	4 / 7
2026-08-11	Unavailable	$1,467,036,816	3 / 5
2026-08-12	Unavailable	$1,477,194,950	4 / 7
2026-08-13	Unavailable	$1,480,704,510	4 / 7
2026-08-14	Unavailable	$1,467,036,816	3 / 5
2026-08-15	Unavailable	$1,467,036,816	3 / 5
2026-08-16	Unavailable	$1,467,036,816	3 / 5
2026-08-17	Unavailable	$1,467,036,816	3 / 5
2026-08-18	Unavailable	$1,467,036,816	3 / 5
2026-08-19	Unavailable	$1,467,036,816	3 / 5
2026-08-20	Unavailable	$1,467,036,816	3 / 5
2026-08-21	Unavailable	$1,478,973,813	3 / 5
2026-08-22	Unavailable	$1,480,380,063	3 / 5
2026-08-23	Unavailable	$1,480,380,063	3 / 5
2026-08-24	Unavailable	$1,480,380,063	3 / 5
2026-08-25	Unavailable	$1,480,380,063	3 / 5
2026-08-26	Unavailable	$1,480,380,063	3 / 5
2026-08-27	Unavailable	$1,480,380,063	3 / 5
2026-08-28	Unavailable	$1,480,380,063	3 / 5
2026-08-29	Unavailable	$1,480,380,063	3 / 5
2026-08-30	Unavailable	$1,480,380,063	3 / 5
2026-08-31	Unavailable	$1,480,380,063	3 / 5
2026-09-01	Unavailable	$1,480,380,063	3 / 5
2026-09-02	Unavailable	$1,480,380,063	3 / 5
2026-09-03	Unavailable	$1,480,380,063	3 / 5
2026-09-04	Unavailable	$1,480,380,063	3 / 5
2026-09-05	Unavailable	$1,480,380,063	3 / 5
2026-09-06	Unavailable	$1,480,380,063	3 / 5
2026-09-07	Unavailable	$1,480,380,063	3 / 5
2026-09-08	Unavailable	$1,480,380,063	3 / 5
2026-09-09	Unavailable	$1,480,380,063	3 / 5
2026-09-10	Unavailable	$1,480,380,063	3 / 5
2026-09-11	Unavailable	$1,480,380,063	3 / 5
2026-09-12	Unavailable	$1,480,380,063	3 / 5
2026-09-13	Unavailable	$1,480,380,063	3 / 5
2026-09-14	Unavailable	$1,480,380,063	3 / 5
2026-09-15	Unavailable	$1,480,380,063	3 / 5
2026-09-16	Unavailable	$1,480,380,063	3 / 5
2026-09-17	Unavailable	$1,480,380,063	3 / 5
2026-09-18	Unavailable	$1,480,380,063	3 / 5
2026-09-19	Unavailable	$1,480,380,063	3 / 5
2026-09-20	Unavailable	$1,482,521,215	3 / 5
2026-09-21	Unavailable	$1,482,521,215	3 / 5
2026-09-22	Unavailable	$1,482,521,215	3 / 5
2026-09-23	Unavailable	$1,482,521,215	3 / 5
2026-09-24	Unavailable	$1,482,521,215	3 / 5
2026-09-25	Unavailable	$1,482,521,215	3 / 5
2026-09-26	Unavailable	$1,482,521,215	3 / 5
2026-09-27	Unavailable	$1,482,521,215	3 / 5
2026-09-28	Unavailable	$1,482,521,215	3 / 5
2026-09-29	Unavailable	$1,482,521,215	3 / 5
2026-09-30	Unavailable	$1,482,521,215	3 / 5
2026-10-01	Unavailable	$1,482,521,215	3 / 5
2026-10-02	Unavailable	$1,482,521,215	3 / 5
2026-10-03	Unavailable	$1,482,521,215	3 / 5
2026-10-04	Unavailable	$1,482,521,215	3 / 5
2026-10-05	Unavailable	$1,482,521,215	3 / 5
2026-10-06	Unavailable	$1,482,521,215	3 / 5
2026-10-07	Unavailable	$1,482,521,215	3 / 5
2026-10-08	Unavailable	$1,482,521,215	3 / 5
2026-10-09	Unavailable	$1,482,521,215	3 / 5
2026-10-10	Unavailable	$1,482,521,215	3 / 5
2026-10-11	Unavailable	$1,483,279,938	3 / 5
2026-10-12	Unavailable	$1,483,279,938	3 / 5
2026-10-13	Unavailable	$1,483,279,938	3 / 5
2026-10-14	Unavailable	$1,483,279,938	3 / 5
2026-10-15	Unavailable	$1,483,279,938	3 / 5
2026-10-16	Unavailable	$1,483,279,938	3 / 5
2026-10-17	Unavailable	$1,483,279,938	3 / 5
2026-10-18	Unavailable	$1,483,279,938	3 / 5
2026-10-19	Unavailable	$1,483,279,938	3 / 5
2026-10-20	Unavailable	$1,483,279,938	3 / 5
2026-10-21	Unavailable	$1,484,398,563	3 / 5
2026-10-22	Unavailable	$1,484,398,563	3 / 5
2026-10-23	Unavailable	$1,486,059,682	3 / 5
2026-10-24	Unavailable	$1,487,860,732	3 / 5

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	3	7
2026-06-01	3	8
2026-07-01	3	9
2026-08-01	3	9
2026-09-01	3	8
2026-10-01	3	8

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 3 Buy / Strong Buy · 8 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades2 maintains

Recent actions · Sep 25–Oct 24 · 2 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

BarclaysOct 13 · prior Jul 21

$17.00 → $18.00+5.9%

$0$9.90$19.80

1 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Capital expenditures between $80 million and $90 million in 2026Published status: Broken
Maintain dividend at $0.24 per shareDividend per share: $0.24 per share
Gross margin near 33% in FY2026Gross margin: 43.47%
Revenue near $1.465 billion in FY2026Revenue: $402.553M
Repurchase up to $242.5 million in shares by July 2027Direct metric needs a verified mapping

Next proof point

Nov 5, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

5 of 5 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

0.9%Typical daily move · historical

Downside history

-10.6%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Apple Hospitality REIT, Inc. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

APLE is a hotel real estate company with a moderate-risk, income-focused profile. Its long-term thesis is intact after recent performance held in the top half of its industry, though company quality has weakened recently.

What's priced into Apple Hospitality REIT, Inc.

The valuation evidence describes APLE as cheap versus peers, with a justified priced-in tag and low fragility. The expectations gap is modest, so the snapshot suggests the valuation is not relying on a large mismatch between expectations and fundamentals.

What the fundamentals likely do

Recent financial performance is strong, including an earnings beat, and management has improved the balance sheet by lowering net debt to total capitalization and extending debt maturities. The dividend has remained consistent, while capital expenditure guidance has increased modestly. Near-term miss risk is described as low, but the company has a history of a deep miss and a guidance cut at the next call would be a meaningful negative.

What Apple Hospitality REIT, Inc. hinges on

Over the next one to three years, the thesis depends in part on continued operating strength and management maintaining its balance-sheet and investment plans. Fed rate cuts or continued strong results and higher guidance from hotel-sector peers could support the sector backdrop, while weaker APLE guidance would weigh on the thesis.