Apple Hospitality REIT, Inc. (APLE) Stock

Apple Hospitality REIT, Inc. (APLE) is a Real Estate stock trading at $16.66 (as of 2026-08-21), with a market capitalization of $3.93B and a trailing P/E of 22.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Apple Hospitality REIT, Inc. is a publicly traded REIT that owns a portfolio of rooms-focused hotels in the United States. Its holdings include 235 hotels with more than 30,000 guest rooms across 87 markets in 34 states, with properties branded by Marriott, Hilton, Hyatt, and a small number of independent hotels.

Understand Apple Hospitality REIT, Inc.: how it makes money

Apple Hospitality REIT owns a large portfolio of upscale, rooms-focused hotels in the United States and makes money mainly from hotel room sales, with smaller contributions from food and beverage and other revenue.

Because Room Revenue is the dominant revenue stream, the profit engine is how well the portfolio sells rooms (reflected in occupancy) across its hotel network.

Revenue by segment (latest quarter)
Rooms$0.3B

Business quality (Weak): Well-defined operating exposure (room-driven revenue) and a diversified brand-based hotel footprint, but the key risk is that results are tightly linked to how occupied the rooms are.

Valuation: At 22× earnings, APLE trades 33% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Rooms-focused portfolio: The company owns 235 upscale hotels with more than 30,000 guest rooms, and the latest quarter shows Room Revenue as the major contributor.
  • Brand concentration across major operators: The portfolio is concentrated with industry-leading brands, including 104 Marriott-branded hotels and 126 Hilton-branded hotels.

Bear case

  • Revenue concentration in rooms: With Room Revenue the bulk of revenue, softer room demand or weaker occupancy would likely have an outsized impact.
  • Performance depends on operating conditions: Operating metrics like comparable occupancy (72.8% in the latest quarter) suggest results can move with lodging demand conditions, including day-of-week variations.
Valuation — source: SEC EDGAR (first-party)
Price$16.66
Market Cap$3.93B
P/E Ratio22.4
EV / EBITDA11.9
Price / Book1.25
Price / Sales2.73
FCF Yield7.4%
DCF Value (model)$34.71
DCF Upside vs Price108.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.41B
Net Margin12.4%
Revenue Growth (YoY)4.7%
EPS Growth (YoY)3.7%
FCF Growth (YoY)17.1%
Valuation vs Sector & Industry
Stock P/E22.4
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
vs Sector-17.4%
vs Industry-36.5%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($459.47M)
Institutional Holders Tracked10
Company
SectorReal Estate
IndustryTrading
CEOJustin G. Knight
Employees65
CountryUS
IPO Date2015-05-18

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

  • Kilroy Realty Corporation (KRC)
  • COPT Defense Properties (CDP)
  • SL Green Realty Corp. (SLG)
  • Broadstone Net Lease, Inc. (BNL)
  • Howard Hughes Holdings Inc. (HHH)
  • Independence Realty Trust, Inc. (IRT)
  • Fermi Inc. Common Stock (FRMI)
  • National Health Investors, Inc. (NHI)
APLE earnings history · APLE institutional & insider holders · APLE KPIs & operating metrics · APLE financials · APLE investor presentations & press releases · APLE SEC filings · APLE peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.