Track market-moving stories before they get noisy

RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT Successfully Completes Refinancing Transactions.

Here are three stocks with buy rank and strong income characteristics for investors to consider today, July 23:

Pelagos Insurance Capital Limit (PLGO - Free Report) : This insurance and reinsurance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% the last 60 days.

This Zacks Rank #1 company has a dividend yield of 2.4%, compared with the industry average of 1.8%.

Apple Hospitality REIT, Inc. (APLE - Free Report) : This real estate investment trust has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.7% the last 60 days.

This Zacks Rank #1 company has a dividend yield of 4.2%, compared with the industry average of 0.0%.

The Charles Schwab Corporation (SCHW - Free Report) : This financial services company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.9% in the last 60 days.

This Zacks Rank #1 company has a dividend yield of 1.3%, compared with the industry average of 1.2%.

See the full list of top ranked stocks here.

Find more top income stocks with some of our great premium screens.

RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT Announces Monthly Distribution.

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Apple Hospitality REIT (APLE - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.

Apple Hospitality REIT is one of 881 individual stocks in the Finance sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Apple Hospitality REIT is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for APLE's full-year earnings has moved 5.7% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, APLE has returned 39.9% so far this year. In comparison, Finance companies have returned an average of 6.5%. This means that Apple Hospitality REIT is performing better than its sector in terms of year-to-date returns.

Another stock in the Finance sector, Oscar Health, Inc. (OSCR - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 118.8%.

For Oscar Health, Inc., the consensus EPS estimate for the current year has increased 131.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

To break things down more, Apple Hospitality REIT belongs to the REIT and Equity Trust - Other industry, a group that includes 92 individual companies and currently sits at #53 in the Zacks Industry Rank. Stocks in this group have gained about 8.7% so far this year, so APLE is performing better this group in terms of year-to-date returns.

In contrast, Oscar Health, Inc. falls under the Insurance - Multi line industry. Currently, this industry has 46 stocks and is ranked #169. Since the beginning of the year, the industry has moved +4.2%.

Investors with an interest in Finance stocks should continue to track Apple Hospitality REIT and Oscar Health, Inc.. These stocks will be looking to continue their solid performance.

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Apple Hospitality REIT (APLE - Free Report) , which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Apple Hospitality REIT currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market? In order to see if APLE is a promising momentum pick, let's examine some Momentum Style elements to see if this hotel-owning real estate investment trust holds up.

A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.

For APLE, shares are up 2.28% over the past week while the Zacks REIT and Equity Trust - Other industry is down 2.38% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 12.05% compares favorably with the industry's 0.72% performance as well.

While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Apple Hospitality REIT have risen 44.07%, and are up 43.94% in the last year. On the other hand, the S&P 500 has only moved 12.56% and 22.2%, respectively.

Investors should also pay attention to APLE's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. APLE is currently averaging 3,013,770 shares for the last 20 days.

Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with APLE.

Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. This revision helped boost APLE's consensus estimate, increasing from $1.49 to $1.58 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.

Bottom LineTaking into account all of these elements, it should come as no surprise that APLE is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Apple Hospitality REIT on your short list.

RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced that its Board of Directors declared a regular monthly cash distribution of $0.08 per common share. The distribution is payable on July 15, 2026, to shareholders of record as of June 30, 2026.

Based on the Company’s common stock closing price of $16.25 on June 17, 2026, the annualized distribution of $0.96 per common share represents an annual yield of approximately 5.9%.

About Apple Hospitality REIT, Inc.

Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (“REIT”) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality’s portfolio consists of 216 hotels with approximately 29,500 guest rooms located in 83 markets throughout 37 states and the District of Columbia. Concentrated with industry-leading brands, the Company’s hotel portfolio consists of 114 Hilton-branded hotels, 96 Marriott-branded hotels, five Hyatt-branded hotels and one independent hotel. For more information, please visit www.applehospitalityreit.com.

Forward-Looking Statements Disclaimer

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are typically identified by use of statements that include phrases such as “may,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “target,” “goal,” “plan,” “should,” “will,” “predict,” “potential,” “outlook,” “strategy,” and similar expressions that convey the uncertainty of future events or outcomes. Such statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.

Such factors include, but are not limited to, the ability of the Company to effectively acquire and dispose of properties and redeploy proceeds; the anticipated timing and frequency of shareholder distributions; the ability of the Company to fund capital obligations; the ability of the Company to successfully integrate pending transactions and implement its operating strategy; changes in general political, economic and competitive conditions and specific market conditions (including the potential effects of tariffs, inflation or a recessionary environment); reduced business and leisure travel due to geopolitical uncertainty, including terrorism and acts of war; travel-related health concerns, including widespread outbreaks of infectious or contagious diseases in the U.S.; inclement weather conditions, including natural disasters such as hurricanes, earthquakes and wildfires; government shutdowns, airline strikes or equipment failures or other disruptions; adverse changes in the real estate and real estate capital markets; financing risks; changes in interest rates; litigation risks; regulatory proceedings or inquiries; and changes in laws or regulations or interpretations of current laws and regulations that impact the Company’s business, assets or classification as a REIT. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore there can be no assurance that such statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the results or conditions described in such statements or the objectives and plans of the Company will be achieved. In addition, the Company’s qualification as a REIT involves the application of highly technical and complex provisions of the Internal Revenue Code of 1986, as amended. Readers should carefully review the risk factors described in the Company’s filings with the Securities and Exchange Commission, including, but not limited to, those discussed in the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Any forward-looking statement that the Company makes speaks only as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements or cautionary factors, as a result of new information, future events, or otherwise, except as required by law.

For additional information or to receive press releases by email, visit www.applehospitalityreit.com.

More News From Apple Hospitality REIT, Inc.

Posted by Defense World Staff on Apr 8th, 2026

SG Americas Securities LLC grew its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE – Free Report) by 91.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,512 shares of the real estate investment trust’s stock after purchasing an additional 52,446 shares during the period. SG Americas Securities LLC’s holdings in Apple Hospitality REIT were worth $1,298,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of APLE. Centerbridge Partners L.P. acquired a new position in shares of Apple Hospitality REIT during the second quarter worth about $22,147,000. UBS Group AG grew its position in shares of Apple Hospitality REIT by 94.3% during the third quarter. UBS Group AG now owns 2,935,463 shares of the real estate investment trust’s stock worth $35,255,000 after buying an additional 1,424,287 shares in the last quarter. Norges Bank acquired a new position in shares of Apple Hospitality REIT during the second quarter worth about $15,614,000. Arrowstreet Capital Limited Partnership grew its position in shares of Apple Hospitality REIT by 285.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,350,787 shares of the real estate investment trust’s stock worth $15,764,000 after buying an additional 1,000,214 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Apple Hospitality REIT by 763.8% during the third quarter. Millennium Management LLC now owns 648,487 shares of the real estate investment trust’s stock worth $7,788,000 after buying an additional 573,410 shares in the last quarter. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth A number of brokerages have recently commented on APLE. Barclays lowered their price objective on Apple Hospitality REIT from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $14.00 price target on shares of Apple Hospitality REIT in a report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apple Hospitality REIT in a report on Friday, December 26th. Wells Fargo & Company lowered their price target on Apple Hospitality REIT from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, March 24th. Finally, LADENBURG THALM/SH SH began coverage on Apple Hospitality REIT in a report on Thursday, March 26th. They issued a “neutral” rating and a $13.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.64.

Check Out Our Latest Report on Apple Hospitality REIT

Apple Hospitality REIT Stock Performance Shares of APLE opened at $11.65 on Wednesday. The stock has a 50 day moving average price of $11.98 and a 200 day moving average price of $11.92. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 15.74 and a beta of 0.82. Apple Hospitality REIT, Inc. has a 52-week low of $10.44 and a 52-week high of $13.27.

Apple Hospitality REIT (NYSE:APLE – Get Free Report) last announced its quarterly earnings results on Monday, February 23rd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.16). The business had revenue of $326.44 million during the quarter, compared to analyst estimates of $322.60 million. Apple Hospitality REIT had a net margin of 12.42% and a return on equity of 5.50%. Research analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Announces Dividend The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.08 dividend. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Apple Hospitality REIT’s dividend payout ratio is presently 129.73%.

Apple Hospitality REIT Profile (Free Report)

Apple Hospitality REIT (NYSE: APLE) is a publicly traded real estate investment trust that focuses on acquiring, owning and operating high-quality, upscale, select-service hotels. The company’s portfolio primarily consists of properties operated under premium franchise agreements with leading lodging brands such as Marriott, Hilton and Hyatt. Apple Hospitality REIT is self-managed and internally advised, overseeing property management, revenue optimization and asset-level operations through its in-house team of hospitality professionals.

The company’s holdings encompass over 200 hotels featuring more than 30,000 guest rooms across a diverse array of markets in the United States.

See Also Five stocks we like better than Apple Hospitality REIT

Receive News & Ratings for Apple Hospitality REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Hospitality REIT and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINESG Americas Securities LLC Boosts Stake in Primerica, Inc. $PRI

NEXT HEADLINE »SG Americas Securities LLC Increases Position in ePlus inc. $PLUS

Posted by Defense World Staff on Apr 19th, 2026

Shares of Apple Hospitality REIT, Inc. (NYSE:APLE – Get Free Report) have been given an average rating of “Hold” by the eight ratings firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $12.6429.

Several equities research analysts have recently weighed in on APLE shares. Wells Fargo & Company reduced their target price on shares of Apple Hospitality REIT from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Apple Hospitality REIT in a research note on Friday, December 26th. Cantor Fitzgerald reissued an “overweight” rating and issued a $14.00 target price on shares of Apple Hospitality REIT in a research note on Tuesday, March 3rd. LADENBURG THALM/SH SH started coverage on shares of Apple Hospitality REIT in a research note on Thursday, March 26th. They issued a “neutral” rating and a $13.00 target price on the stock. Finally, Barclays reduced their target price on shares of Apple Hospitality REIT from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th.

View Our Latest Research Report on APLE

Apple Hospitality REIT Trading Up 3.1% Shares of APLE opened at $13.00 on Friday. Apple Hospitality REIT has a twelve month low of $10.85 and a twelve month high of $13.27. The company has a market cap of $3.07 billion, a P/E ratio of 17.56 and a beta of 0.82. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.52. The company’s fifty day simple moving average is $12.09 and its 200-day simple moving average is $11.94.

Apple Hospitality REIT (NYSE:APLE – Get Free Report) last announced its earnings results on Monday, February 23rd. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.16). Apple Hospitality REIT had a net margin of 12.42% and a return on equity of 5.50%. The firm had revenue of $326.44 million during the quarter, compared to analysts’ expectations of $322.60 million. As a group, analysts expect that Apple Hospitality REIT will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement The business also recently declared a monthly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.08 dividend. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 129.73%.

Institutional Inflows and Outflows Several institutional investors have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in Apple Hospitality REIT by 0.5% in the 4th quarter. State Street Corp now owns 12,962,856 shares of the real estate investment trust’s stock worth $154,627,000 after buying an additional 68,794 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in Apple Hospitality REIT by 1.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 7,107,802 shares of the real estate investment trust’s stock worth $84,227,000 after buying an additional 127,327 shares during the period. UBS Group AG increased its stake in Apple Hospitality REIT by 60.8% in the 4th quarter. UBS Group AG now owns 4,721,481 shares of the real estate investment trust’s stock worth $55,950,000 after buying an additional 1,786,018 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Apple Hospitality REIT by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,714,872 shares of the real estate investment trust’s stock worth $55,871,000 after buying an additional 125,759 shares during the period. Finally, Centerbridge Partners L.P. increased its stake in Apple Hospitality REIT by 88.2% in the 4th quarter. Centerbridge Partners L.P. now owns 4,229,785 shares of the real estate investment trust’s stock worth $50,123,000 after buying an additional 1,982,000 shares during the period. Hedge funds and other institutional investors own 89.66% of the company’s stock.

About Apple Hospitality REIT (Get Free Report)

Apple Hospitality REIT (NYSE: APLE) is a publicly traded real estate investment trust that focuses on acquiring, owning and operating high-quality, upscale, select-service hotels. The company’s portfolio primarily consists of properties operated under premium franchise agreements with leading lodging brands such as Marriott, Hilton and Hyatt. Apple Hospitality REIT is self-managed and internally advised, overseeing property management, revenue optimization and asset-level operations through its in-house team of hospitality professionals.

The company’s holdings encompass over 200 hotels featuring more than 30,000 guest rooms across a diverse array of markets in the United States.

Read More Five stocks we like better than Apple Hospitality REIT

Receive News & Ratings for Apple Hospitality REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Hospitality REIT and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEDolby Laboratories (NYSE:DLB) Receives Average Rating of “Moderate Buy” from Analysts

NEXT HEADLINE »Federal Signal Corporation (NYSE:FSS) Given Consensus Rating of “Moderate Buy” by Analysts

Apple Hospitality REIT boasts a youthful, rooms-focused portfolio with high EBITDA margins and a robust, low-leverage balance sheet. APLE offers a well-covered 7.4% dividend yield, supported by a conservative 63% payout ratio and strong liquidity. Earnings have declined for two years, with 2026 guidance projecting further EBITDA and MFFO contraction, limiting near-term upside.

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Bank of Montreal (BMO - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.

Bank of Montreal is one of 835 individual stocks in the Finance sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Bank of Montreal is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for BMO's full-year earnings has moved 4.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, BMO has returned 17.2% so far this year. In comparison, Finance companies have returned an average of -0.9%. This shows that Bank of Montreal is outperforming its peers so far this year.

Another Finance stock, which has outperformed the sector so far this year, is Apple Hospitality REIT (APLE - Free Report) . The stock has returned 11.3% year-to-date.

The consensus estimate for Apple Hospitality REIT's current year EPS has increased 0.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Bank of Montreal belongs to the Banks - Foreign industry, which includes 66 individual stocks and currently sits at #156 in the Zacks Industry Rank. Stocks in this group have gained about 1.9% so far this year, so BMO is performing better this group in terms of year-to-date returns.

On the other hand, Apple Hospitality REIT belongs to the REIT and Equity Trust - Other industry. This 91-stock industry is currently ranked #54. The industry has moved +9.1% year to date.

Investors interested in the Finance sector may want to keep a close eye on Bank of Montreal and Apple Hospitality REIT as they attempt to continue their solid performance.

RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced results of operations for the first quarter ended March 31, 2026.

  Apple Hospitality REIT, Inc.

Selected Statistical and Financial Data

As of and For the Three Months Ended March 31

(Unaudited) (in thousands, except statistical and per share amounts)(1)

  Three Months Ended

March 31,

2026

2025

% Change

Net income

$27,699

$31,221

(11.3%)

Net income per share

$0.12

$0.13

(7.7%)

Operating income

$48,013

$50,859

(5.6%)

Operating margin %

14.2%

15.5%

(130 bps)

Adjusted EBITDAre

$100,597

$98,446

2.2%

Comparable Hotels Adjusted Hotel EBITDA

$108,447

$104,680

3.6%

Comparable Hotels Adjusted Hotel EBITDA Margin %

32.2%

32.4%

(20 bps)

Modified funds from operations (MFFO)

$80,283

$78,807

1.9%

MFFO per share

$0.34

$0.33

3.0%

Average Daily Rate (ADR) (Actual)

$157.19

$156.24

0.6%

Occupancy (Actual)

72.8%

71.1%

2.4%

Revenue Per Available Room (RevPAR) (Actual)

$114.43

$111.04

3.1%

Comparable Hotels ADR

$157.35

$157.26

0.1%

Comparable Hotels Occupancy

72.8%

71.3%

2.1%

Comparable Hotels RevPAR

$114.61

$112.14

2.2%

Distributions paid (2)

$56,608

$69,615

(18.7%)

Distributions paid per share (2)

$0.24

$0.29

(17.2%)

Cash and cash equivalents

$7,837

Total debt outstanding

$1,571,763

Total debt outstanding, net of cash and cash equivalents

$1,563,926

Total debt outstanding, net of cash and cash equivalents, to total capitalization (3)

36.5%

Justin Knight, Chief Executive Officer of Apple Hospitality, commented, “We are pleased to report a stronger-than-anticipated start to 2026, with first quarter Comparable Hotels RevPAR growth of more than 2% despite a challenging comparison to the first quarter of 2025 which benefited from wildfire-related recovery business in Southern California and the presidential inauguration in Washington, D.C. The efficient operating model of our hotels, combined with our prudent management of expenses, enabled us to deliver meaningful flow-through of top-line improvements to bottom-line performance, resulting in growth across first quarter Comparable Hotels Adjusted Hotel EBITDA, Adjusted EBITDAre and Modified Funds from Operations. Preliminary reports for the month of April indicate Comparable Hotels RevPAR growth of more than 4% as compared to the same period last year, supported by continued strength in demand and the benefit of favorable year-over-year comparisons. While geopolitical and macroeconomic uncertainties warrant a measured view of the balance of the year, demand for our broadly diversified, rooms-focused hotels has proven resilient. Recent improvements in occupancy and booking trends, combined with the strength and expertise of our operating and corporate teams, reinforce our confidence that we are well positioned to capture demand across our markets.

“Disciplined capital allocation has been central to our success over decades in the lodging industry,” commented Mr. Knight. “We prudently balance near- and long-term investment decisions to capitalize on current opportunities while ensuring we are well positioned for the future. When combined with our keen focus on operating fundamentals, this approach has enabled us to deliver compelling total returns to our shareholders across economic cycles through improvements in operating performance and long-term value creation. In April of this year, we completed the sale of our Hampton Inn & Suites in Rochester, Minnesota, for approximately $9 million. We continue to identify and execute on select opportunities that strengthen our existing portfolio, optimize our capital reinvestment program and enhance our long-term positioning.”

Mr. Knight continued, “We are confident that with the experience, discipline and agility of our teams, the broad consumer appeal of our portfolio, and the strength and flexibility of our balance sheet, we are well positioned to successfully navigate changing market conditions and capitalize on emerging opportunities to deliver growth and maximize total returns for our shareholders over time.”

Hotel Portfolio Overview

As of March 31, 2026, Apple Hospitality owned 217 hotels with an aggregate of 29,583 guest rooms located in 84 markets throughout 37 states and the District of Columbia, including one hotel with 124 guest rooms classified as held for sale, which was sold in April 2026.

First Quarter 2026 Highlights

Operating performance: For the first quarter 2026, the Company achieved Comparable Hotels ADR of approximately $157, up 0.1% as compared to the first quarter 2025; Comparable Hotels Occupancy of approximately 73%, up 2.1% as compared to the first quarter 2025; and Comparable Hotels RevPAR of approximately $115, up 2.2% as compared to the first quarter 2025. The Company's Comparable Hotels Occupancy and RevPAR exceeded industry averages as reported by STR for the first quarter 2026. Preliminary results for the month of April 2026 indicate an increase in RevPAR of more than 4% as compared to April 2025. Bottom-line performance: For the first quarter 2026, the Company achieved Comparable Hotels Adjusted Hotel EBITDA of approximately $108 million, up 3.6% as compared to the first quarter 2025; Comparable Hotels Adjusted Hotel EBITDA Margin of 32.2%, down 20 bps as compared to the first quarter 2025; Adjusted EBITDAre of approximately $101 million, up 2.2% as compared to the first quarter 2025; and MFFO of approximately $80 million, up 1.9% as compared to the first quarter 2025. Transactional activity: During the first quarter 2026, the Company entered into a contract for the sale of its 124-room Hampton Inn & Suites Rochester-North, in Rochester, Minnesota, for a gross sales price of approximately $8.7 million. The Company completed the sale of the hotel in April 2026. Balance sheet: The Company has maintained the strength and flexibility of its balance sheet. At March 31, 2026, the Company’s total debt to total capitalization, net of cash and cash equivalents, was approximately 36.5%. Monthly distributions: During the three months ended March 31, 2026, the Company paid distributions totaling $0.24 per common share. Based on the Company’s common stock closing price of $13.39 on May 1, 2026, the current annualized regular monthly cash distribution of $0.96 per common share represents an annual yield of approximately 7.2%. The following table highlights the Company’s Comparable Hotels monthly performance during the first quarter 2026 as compared to the first quarter 2025 (in thousands, except statistical data):

% Change

January

February

March

January

February

March

January

February

March

2026

2026

2026

Q1 2026

2025

2025

2025

Q1 2025

2025

2025

2025

Q1 2025

ADR (Comparable Hotels)

$146.55

$158.72

$164.81

$157.35

$148.51

$159.84

$162.31

$157.26

(1.3%)

(0.7%)

1.5%

0.1%

Occupancy (Comparable Hotels)

63.7%

75.1%

79.9%

72.8%

63.9%

73.5%

76.7%

71.3%

(0.3%)

2.2%

4.2%

2.1%

RevPAR (Comparable Hotels)

$93.37

$119.22

$131.69

$114.61

$94.93

$117.51

$124.51

$112.14

(1.6%)

1.5%

5.8%

2.2%

Operating income (Actual)

$582

$16,151

$31,280

$48,013

$3,624

$16,254

$30,981

$50,859

(83.9%)

(0.6%)

1.0%

(5.6%)

Adjusted Hotel EBITDA (Actual) (1)

$20,493

$36,145

$51,841

$108,479

$23,209

$35,753

$46,303

$105,265

(11.7%)

1.1%

12.0%

3.1%

Comparable Hotels Adjusted Hotel
EBITDA (2)

$20,508

$36,134

$51,805

$108,447

$23,324

$35,458

$45,898

$104,680

(12.1%)

1.9%

12.9%

3.6%

Portfolio Activity

Contract for Potential Acquisition

As previously announced, the Company has entered into a fixed-price, forward-purchase contract for the purchase of an AC Hotel by Marriott that is under development in Anchorage, Alaska, for an anticipated total purchase price of $65.5 million with an expected 160 rooms, which the Company anticipates acquiring in the fourth quarter 2027. There are many conditions to closing on this hotel that have not yet been satisfied, and there can be no assurance that closing on this hotel will occur under the outstanding purchase contract.

Development Project

As previously announced, the Company has entered into a fixed-price, forward-purchase contract with a third-party developer to develop a dual-branded property, consisting of an AC Hotel by Marriott and a Residence Inn by Marriott in Las Vegas, Nevada, for an anticipated total purchase price of approximately $143.7 million. The hotels will be developed on the land the Company owns adjacent to its SpringHill Suites by Marriott Las Vegas Convention Center. The Company anticipates the hotels will be completed and opened for business in the second quarter 2028. Upon completion, the AC Hotel is expected to have approximately 237 guest rooms and the Residence Inn is expected to have approximately 160 guest rooms.

Dispositions

In April 2026, the Company sold the 124-room Hampton Inn & Suites Rochester-North, in Rochester, Minnesota, for a gross sales price of approximately $8.7 million.

Capital Improvements

Apple Hospitality consistently reinvests in its hotels to maintain and enhance each property’s relevance and competitive position within its respective market. During the three months ended March 31, 2026, the Company invested approximately $27.5 million in capital expenditures. The Company anticipates investing approximately $80 million to $90 million in capital improvements during 2026, which includes comprehensive renovation projects for approximately 21 hotels, however, inflationary pressures, supply chain shortages or tariffs, among other issues, may result in increased costs and delays for anticipated projects.

Balance Sheet and Liquidity

As of March 31, 2026, the Company had approximately $1.6 billion of total outstanding debt with a current combined weighted-average interest rate of approximately 4.6%, cash on hand of approximately $8 million and availability under its revolving credit facility of approximately $559 million. Excluding unamortized debt issuance costs and fair value adjustments, the Company’s total outstanding debt as of March 31, 2026, was comprised of approximately $183 million in property-level debt secured by 10 hotels and approximately $1.4 billion outstanding under its unsecured credit facilities. The number of unencumbered hotels in the Company’s portfolio as of March 31, 2026, was 207. The Company’s total debt to total capitalization, net of cash and cash equivalents at March 31, 2026, was approximately 36.5%, which provides Apple Hospitality with financial flexibility to fund capital requirements and pursue opportunities in the marketplace. As of March 31, 2026, the Company’s weighted-average debt maturities were approximately three years.

Capital Markets

Share Repurchase Program

The Company has in place a Share Repurchase Program that provides for share repurchases in open market transactions. The Company did not repurchase any common shares during the three months ended March 31, 2026. As of March 31, 2026, the Company had approximately $242.5 million remaining under its Share Repurchase Program for the repurchase of shares.

ATM Program

The Company also has in place an at-the-market offering program (the “ATM Program”). As of March 31, 2026, the Company had $500 million remaining under its ATM Program for the issuance of shares. No shares were sold under the ATM Program during the three months ended March 31, 2026.

Shareholder Distributions

During the three months ended March 31, 2026, the Company paid distributions totaling $0.24 per common share. Based on the Company’s common stock closing price of $13.39 on May 1, 2026, the current annualized regular monthly cash distribution of $0.96 per common share represents an annual yield of approximately 7.2%. While the Company currently expects monthly distributions to continue, each distribution is subject to approval by the Company’s Board of Directors. The Company’s Board of Directors, in consultation with management, will continue to monitor the Company’s distribution rate and timing relative to the performance of its hotels, capital improvement needs, varying economic cycles, acquisitions, dispositions, other cash requirements and the Company’s REIT status for federal income tax purposes, and may make adjustments as it deems appropriate.

Updated 2026 Outlook

The Company is updating its operational and financial outlook for 2026. This outlook, which is based on management’s current view of both operating and economic fundamentals of the Company's existing portfolio of hotels, does not take into account any unanticipated developments in its business or changes in its operating environment, nor does it take into account any unannounced hotel acquisitions or dispositions. The revised guidance range reflects the Company’s stronger-than-anticipated first quarter 2026 performance, while maintaining measured expectations given broader economic and geopolitical uncertainty. The Company is encouraged by the setup for the remainder of the year, given stronger-than-expected transient demand and upcoming favorable comparisons to prior periods impacted by government-related disruptions, and acknowledges guidance could ultimately prove conservative. As compared to the midpoint of previously provided 2026 guidance, the Company is increasing the midpoint of Net Income by $9 million, increasing the midpoint of Adjusted EBITDAre by $11 million, increasing the midpoint of Comparable Hotels RevPAR Change by 100 bps, and increasing the midpoint of Comparable Hotels Adjusted Hotel EBITDA Margin % by 50 bps. Comparable Hotels RevPAR Change guidance, which is the change in Comparable Hotels RevPAR in 2026 compared to 2025, and Comparable Hotels Adjusted Hotel EBITDA Margin % guidance include properties acquired, as if the hotels were owned as of January 1, 2025, and exclude dispositions since January 1, 2025. Results for periods prior to the Company’s ownership are not included in the Company’s actual Consolidated Financial Statements, are based on information from the prior owner of each hotel, and have not been audited or adjusted. For the full year 2026, the Company anticipates its 2026 results will be in the following range:

Updated 2026 Guidance (1)

Low-End

High-End

Net income

$143 Million

$169 Million

Comparable Hotels RevPAR Change

0.00%

2.00%

Comparable Hotels Adjusted Hotel EBITDA Margin %

32.9%

33.9%

Adjusted EBITDAre (2)

$436 Million

$458 Million

Capital expenditures

$80 Million

$90 Million

First Quarter 2026 Earnings Conference Call

The Company will host a quarterly conference call for investors and interested parties at 10 a.m. Eastern Time on Tuesday, May 5, 2026. The conference call will be accessible by telephone and the internet. To access the call, participants from within the U.S. should dial 877-407-9039, and participants from outside the U.S. should dial 201-689-8470. Participants may also access the call via live webcast by visiting the Investor Information section of the Company's website at ir.applehospitalityreit.com. A replay of the call will be available from approximately 2 p.m. Eastern Time on May 5, 2026, through 11:59 p.m. Eastern Time on May 19, 2026. To access the replay, the domestic dial-in number is 844-512-2921, the international dial-in number is 412-317-6671, and the passcode is 13759225. The archive of the webcast will be available on the Company's website for a limited time.

About Apple Hospitality REIT, Inc.

Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (“REIT”) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality’s portfolio consists of 216 hotels with approximately 29,500 guest rooms located in 83 markets throughout 37 states and the District of Columbia. Concentrated with industry-leading brands, the Company’s hotel portfolio consists of 114 Hilton-branded hotels, 96 Marriott-branded hotels, five Hyatt-branded hotels and one independent hotel. For more information, please visit www.applehospitalityreit.com.

Apple Hospitality REIT Non-GAAP Financial Measures

The Company considers the following non-GAAP financial measures useful to investors as key supplemental measures of its operating performance: Funds from Operations (“FFO”); Modified FFO (“MFFO”); Earnings Before Interest, Income Taxes, Depreciation and Amortization (“EBITDA”); Earnings Before Interest, Income Taxes, Depreciation and Amortization for Real Estate (“EBITDAre”); Adjusted EBITDAre; Adjusted Hotel EBITDA; Comparable Hotels Adjusted Hotel EBITDA; and Same Store Hotels Adjusted Hotel EBITDA. These non-GAAP financial measures should be considered along with, but not as alternatives to, net income (loss), cash flow from operations or any other operating GAAP measure. FFO, MFFO, EBITDA, EBITDAre, Adjusted EBITDAre, Adjusted Hotel EBITDA, Comparable Hotels Adjusted Hotel EBITDA and Same Store Hotels Adjusted Hotel EBITDA are not necessarily indicative of funds available to fund the Company’s cash needs, including its ability to make cash distributions. Although FFO, MFFO, EBITDA, EBITDAre, Adjusted EBITDAre, Adjusted Hotel EBITDA, Comparable Hotels Adjusted Hotel EBITDA and Same Store Hotels Adjusted Hotel EBITDA, as calculated by the Company, may not be comparable to FFO, MFFO, EBITDA, EBITDAre, Adjusted EBITDAre, Adjusted Hotel EBITDA, Comparable Hotels Adjusted Hotel EBITDA and Same Store Hotels Adjusted Hotel EBITDA, as reported by other companies that do not define such terms exactly as the Company defines such terms, the Company believes these supplemental measures are useful to investors when comparing the Company’s results between periods and with other REITs. Reconciliations of these non-GAAP financial measures to net income (loss) are provided in the following pages.

Forward-Looking Statements Disclaimer

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are typically identified by use of statements that include phrases such as “may,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “target,” “goal,” “plan,” “should,” “will,” “predict,” “potential,” “outlook,” “strategy,” and similar expressions that convey the uncertainty of future events or outcomes. Such statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.

Such factors include, but are not limited to, the ability of the Company to effectively acquire and dispose of properties and redeploy proceeds; the anticipated timing and frequency of shareholder distributions; the ability of the Company to fund capital obligations; the ability of the Company to successfully integrate pending transactions and implement its operating strategy; changes in general political, economic and competitive conditions and specific market conditions (including the potential effects of tariffs, inflation or a recessionary environment); reduced business and leisure travel due to geopolitical uncertainty, including terrorism and acts of war; travel-related health concerns, including widespread outbreaks of infectious or contagious diseases in the U.S.; inclement weather conditions, including natural disasters such as hurricanes, earthquakes and wildfires; government shutdowns, airline strikes or equipment failures, or other disruptions; adverse changes in the real estate and real estate capital markets; financing risks; changes in interest rates; litigation risks; regulatory proceedings or inquiries; and changes in laws or regulations or interpretations of current laws and regulations that impact the Company’s business, assets or classification as a REIT. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore there can be no assurance that such statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the results or conditions described in such statements or the objectives and plans of the Company will be achieved. In addition, the Company’s qualification as a REIT involves the application of highly technical and complex provisions of the Internal Revenue Code of 1986, as amended. Readers should carefully review the risk factors described in the Company’s filings with the Securities and Exchange Commission, including, but not limited to, those discussed in the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Any forward-looking statement that the Company makes speaks only as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements or cautionary factors, as a result of new information, future events, or otherwise, except as required by law.

For additional information or to receive press releases by email, visit www.applehospitalityreit.com.

  Apple Hospitality REIT, Inc.

Consolidated Balance Sheets

(in thousands, except share data)

  March 31,

December 31,

2026

2025

(unaudited)

Assets

Investment in real estate, net of accumulated depreciation and amortization of $2,012,971 and $1,972,264, respectively

$4,757,452

$4,787,864

Assets held for sale

8,346

-

Cash and cash equivalents

7,837

8,515

Restricted cash-furniture, fixtures and other escrows

12,944

30,903

Due from third-party managers, net

64,622

32,952

Other assets, net

43,024

41,944

Total Assets

$4,894,225

$4,902,178

Liabilities

Debt, net

$1,565,680

$1,538,584

Finance lease liabilities

110,944

111,094

Accounts payable and other liabilities

91,091

103,905

Total Liabilities

1,767,715

1,753,583

Shareholders' Equity

Preferred stock, authorized 30,000,000 shares; none issued and outstanding

-

-

Common stock, no par value, authorized 800,000,000 shares; issued and outstanding 236,067,554 and 235,635,813 shares, respectively

4,723,977

4,719,900

Accumulated other comprehensive income

5,082

2,251

Accumulated distributions greater than net income

(1,602,549)

(1,573,556)

Total Shareholders' Equity

3,126,510

3,148,595

Total Liabilities and Shareholders' Equity

$4,894,225

$4,902,178

  _____________________ Note: The Consolidated Balance Sheets and corresponding footnotes can be found in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026.

  Apple Hospitality REIT, Inc.

Consolidated Statements of Operations and Comprehensive Income

(Unaudited)

(in thousands, except per share data)

  Three Months Ended

March 31,

2026

2025

Revenues:

Room

$

304,657

$

296,864

Food and beverage

16,300

15,511

Other

16,784

15,327

Total revenue

337,741

327,702

Expenses:

Hotel operating expense:

Operating

88,665

84,510

Hotel administrative

30,970

29,673

Sales and marketing

29,823

30,286

Utilities

13,232

12,479

Repair and maintenance

17,840

17,142

Franchise fees

16,039

14,553

Management fees

10,368

11,227

Total hotel operating expense

206,937

199,870

Property taxes, insurance and other

22,458

23,361

General and administrative

10,796

9,228

Depreciation and amortization

49,537

47,941

Total expense

289,728

280,400

Gain on sale of real estate

-

3,557

Operating income

48,013

50,859

Interest and other expense, net

(20,072

)

(19,397

)

Income before income taxes

27,941

31,462

Income tax expense

(242

)

(241

)

Net income

$

27,699

$

31,221

Other comprehensive income (loss):

Interest rate derivatives

2,831

(7,034

)

Comprehensive income

$

30,530

$

24,187

Basic and diluted net income per common share

$

0.12

$

0.13

Weighted average common shares outstanding - basic and diluted

236,112

240,067

  _____________________ Note: The Consolidated Statements of Operations and Comprehensive Income and corresponding footnotes can be found in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026.

  Apple Hospitality REIT, Inc.

Comparable Hotels Operating Metrics and Statistical Data

(Unaudited)

(in thousands, except statistical data)

  Three Months Ended

March 31,

% Change

2026

2025

2025

Operating income (Actual)

$48,013

$50,859

(5.6%)

Operating margin % (Actual)

14.2%

15.5%

(130 bps)

Comparable Hotels Total Revenue

$336,943

$322,976

4.3%

Comparable Hotels Total Operating Expenses

228,496

218,296

4.7%

Comparable Hotels Adjusted Hotel EBITDA

$108,447

$104,680

3.6%

Comparable Hotels Adjusted Hotel EBITDA Margin %

32.2%

32.4%

(20 bps)

ADR (Comparable Hotels)

$157.35

$157.26

0.1%

Occupancy (Comparable Hotels)

72.8%

71.3%

2.1%

RevPAR (Comparable Hotels)

$114.61

$112.14

2.2%

ADR (Actual)

$157.19

$156.24

0.6%

Occupancy (Actual)

72.8%

71.1%

2.4%

RevPAR (Actual)

$114.43

$111.04

3.1%

Reconciliation to Actual Results

Total Revenue (Actual)

$337,741

$327,702

Revenue from acquisitions prior to ownership

-

1,887

Revenue from dispositions/assets held for sale

(798)

(6,613)

Comparable Hotels Total Revenue

$336,943

$322,976

Adjusted Hotel EBITDA (AHEBITDA) (Actual) (1)

$108,479

$105,265

AHEBITDA from acquisitions prior to ownership

-

897

AHEBITDA from dispositions/assets held for sale

(32)

(823)

AHEBITDA from New York Property (2)

-

(659)

Comparable Hotels AHEBITDA

$108,447

$104,680

  Apple Hospitality REIT, Inc.

Comparable Hotels Quarterly Operating Metrics and Statistical Data

(Unaudited)

(in thousands, except statistical data)

  2025

2026

Q1

Q2

Q3

Q4

Q1

Operating income (Actual)

$50,859

$84,851

$72,497

$49,597

$48,013

Operating margin % (Actual)

15.5%

22.1%

19.4%

15.2%

14.2%

Comparable Hotels Total Revenue

$322,976

$378,890

$368,192

$323,698

$336,943

Comparable Hotels Total Operating Expenses

218,296

239,106

239,732

223,401

228,496

Comparable Hotels Adjusted Hotel EBITDA

$104,680

$139,784

$128,460

$100,297

$108,447

Comparable Hotels Adjusted Hotel EBITDA Margin %

32.4%

36.9%

34.9%

31.0%

32.2%

ADR (Comparable Hotels)

$157.26

$164.19

$163.27

$153.14

$157.35

Occupancy (Comparable Hotels)

71.3%

78.8%

76.3%

70.5%

72.8%

RevPAR (Comparable Hotels)

$112.14

$129.30

$124.52

$107.94

$114.61

ADR (Actual)

$156.24

$163.56

$162.70

$152.86

$157.19

Occupancy (Actual)

71.1%

78.6%

76.2%

70.5%

72.8%

RevPAR (Actual)

$111.04

$128.59

$124.03

$107.81

$114.43

Reconciliation to Actual Results

Total Revenue (Actual)

$327,702

$384,370

$373,878

$326,436

$337,741

Revenue from acquisitions prior to ownership

1,887

1,065

-

-

-

Revenue from dispositions/assets held for sale

(6,613)

(6,545)

(5,686)

(2,738)

(798)

Comparable Hotels Total Revenue

$322,976

$378,890

$368,192

$323,698

$336,943

Adjusted Hotel EBITDA (AHEBITDA) (Actual) (1)

$105,265

$141,070

$129,602

$100,588

$108,479

AHEBITDA from acquisitions prior to ownership

897

246

-

-

-

AHEBITDA from dispositions/assets held for sale

(823)

(1,532)

(1,142)

(291)

(32)

AHEBITDA from New York Property (2)

(659)

-

-

-

-

Comparable Hotels AHEBITDA

$104,680

$139,784

$128,460

$100,297

$108,447

  Apple Hospitality REIT, Inc.

Same Store Hotels Operating Metrics and Statistical Data

(Unaudited)

(in thousands, except statistical data)

  Three Months Ended

March 31,

% Change

2026

2025

2025

Operating income (Actual)

$48,013

$50,859

(5.6%)

Operating margin % (Actual)

14.2%

15.5%

(130 bps)

Same Store Hotels Total Revenue

$330,739

$320,703

3.1%

Same Store Hotels Total Operating Expenses

221,934

216,261

2.6%

Same Store Hotels Adjusted Hotel EBITDA

$108,805

$104,442

4.2%

Same Store Hotels Adjusted Hotel EBITDA Margin %

32.9%

32.6%

30 bps

ADR (Same Store Hotels)

$157.24

$157.06

0.1%

Occupancy (Same Store Hotels)

73.2%

71.3%

2.7%

RevPAR (Same Store Hotels)

$115.04

$111.91

2.8%

ADR (Actual)

$157.19

$156.24

0.6%

Occupancy (Actual)

72.8%

71.1%

2.4%

RevPAR (Actual)

$114.43

$111.04

3.1%

Reconciliation to Actual Results

Total Revenue (Actual)

$337,741

$327,702

Revenue from acquisitions

(3,572)

-

Revenue from dispositions/assets held for sale

(798)

(6,613)

Revenue from non-hotel property and New York Property (1)

(2,632)

(386)

Same Store Hotels Total Revenue

$330,739

$320,703

Adjusted Hotel EBITDA (AHEBITDA) (Actual) (2)

$108,479

$105,265

AHEBITDA from acquisitions

(729)

-

AHEBITDA from dispositions/assets held for sale

(32)

(823)

AHEBITDA from New York Property (3)

1,087

-

Same Store Hotels AHEBITDA

$108,805

$104,442

_____________________ (1)

Represents revenue from the New York Property, which from the second half of 2023 through the first quarter of 2025 was considered lease revenue from a lease to a third-party hotel operator of the property, during which time the property was referred to as the "non-hotel property." Since the second quarter of 2025, this represents revenue consistent with hotel operations from the New York Property.

(2)

Represents the Company's actual Adjusted Hotel EBITDA, which excludes Adjusted EBITDAre from the New York Property from the second half of 2023 through the first quarter of 2025, due to leasing the property to a third-party hotel operator for all hotel operations. Beginning in the second quarter of 2025, Adjusted Hotel EBITDA includes hotel operations from the New York Property.

(3)

Represents Adjusted Hotel EBITDA from the New York Property since the second quarter of 2025, subsequent to the Company regaining possession of the hotel from a third-party hotel operator.

  Note: Same Store Hotels is defined as the 213 hotels owned and held for use by the Company as of January 1, 2025, and during the entirety of the periods being compared, and excludes the New York Property recovered during the second quarter 2025 from a third-party hotel operator. This information has not been audited.

Reconciliation of net income to non-GAAP financial measures is included in the following pages.

  Apple Hospitality REIT, Inc.

Same Store Hotels Quarterly Operating Metrics and Statistical Data

(Unaudited)

(in thousands, except statistical data)

  2025

2026

Q1

Q2

Q3

Q4

Q1

Operating income (Actual)

$50,859

$84,851

$72,497

$49,597

$48,013

Operating margin % (Actual)

15.5%

22.1%

19.4%

15.2%

14.2%

Same Store Hotels Total Revenue

$320,703

$374,099

$362,817

$317,067

$330,739

Same Store Hotels Total Operating Expenses

216,261

233,542

234,658

218,076

221,934

Same Store Hotels Adjusted Hotel EBITDA

$104,442

$140,557

$128,159

$98,991

$108,805

Same Store Hotels Adjusted Hotel EBITDA Margin %

32.6%

37.6%

35.3%

31.2%

32.9%

ADR (Same Store Hotels)

$157.06

$164.09

$163.03

$152.10

$157.24

Occupancy (Same Store Hotels)

71.3%

78.7%

76.2%

70.5%

73.2%

RevPAR (Same Store Hotels)

$111.91

$129.19

$124.26

$107.18

$115.04

ADR (Actual)

$156.24

$163.56

$162.70

$152.86

$157.19

Occupancy (Actual)

71.1%

78.6%

76.2%

70.5%

72.8%

RevPAR (Actual)

$111.04

$128.59

$124.03

$107.81

$114.43

Reconciliation to Actual Results

Total Revenue (Actual)

$327,702

$384,370

$373,878

$326,436

$337,741

Revenue from acquisitions

-

(236)

(1,201)

(1,211)

(3,572)

Revenue from dispositions/assets held for sale

(6,613)

(6,545)

(5,686)

(2,738)

(798)

Revenue from non-hotel property and New York Property (1)

(386)

(3,490)

(4,174)

(5,420)

(2,632)

Same Store Hotels Total Revenue

$320,703

$374,099

$362,817

$317,067

$330,739

Adjusted Hotel EBITDA (AHEBITDA) (Actual) (2)

$105,265

$141,070

$129,602

$100,588

$108,479

AHEBITDA from acquisitions

-

(97)

(202)

(43)

(729)

AHEBITDA from dispositions/assets held for sale

(823)

(1,532)

(1,142)

(291)

(32)

AHEBITDA from New York Property (3)

-

1,116

(99)

(1,263)

1,087

Same Store Hotels AHEBITDA

$104,442

$140,557

$128,159

$98,991

$108,805

_____________________ (1)

Represents revenue from the New York Property, which from the second half of 2023 through the first quarter of 2025 was considered lease revenue from a lease to a third-party hotel operator of the property, during which time the property was referred to as the “non-hotel property.” Since the second quarter of 2025, this represents revenue consistent with hotel operations from the New York Property.

(2)

Represents the Company's actual Adjusted Hotel EBITDA, which excludes Adjusted EBITDAre from the New York Property from the second half of 2023 through the first quarter of 2025, due to leasing the property to a third-party hotel operator for all hotel operations. Beginning in the second quarter of 2025, Adjusted Hotel EBITDA includes hotel operations from the New York Property.

(3)

Represents Adjusted Hotel EBITDA from the New York Property since the second quarter of 2025, subsequent to the Company regaining possession of the hotel from a third-party hotel operator.

  Note: Same Store Hotels is defined as the 213 hotels owned and held for use by the Company as of January 1, 2025, and during the entirety of the periods being compared, and excludes the New York Property recovered during the second quarter 2025 from a third-party hotel operator. This information has not been audited.

Reconciliation of net income to non-GAAP financial measures is included in the following pages.

Apple Hospitality REIT, Inc.
Reconciliation of Net Income to EBITDA, EBITDAre, Adjusted EBITDAre and Adjusted Hotel EBITDA
(Unaudited) (in thousands)

EBITDA is a commonly used measure of performance in many industries and is defined as net income (loss) excluding interest, income taxes, depreciation and amortization. The Company believes EBITDA is useful to investors because it helps the Company and its investors evaluate the ongoing operating performance of the Company by removing the impact of its capital structure (primarily interest expense) and its asset base (primarily depreciation and amortization). In addition, certain covenants included in the agreements governing the Company’s indebtedness use EBITDA, as defined in the specific credit agreement, as a measure of financial compliance.

In addition to EBITDA, the Company also calculates and presents EBITDAre in accordance with standards established by the National Association of Real Estate Investment Trusts (“Nareit”), which defines EBITDAre as EBITDA, excluding gains and losses from the sale of certain real estate assets (including gains and losses from change in control), plus real estate related impairments, and adjustments to reflect the entity’s share of EBITDAre of unconsolidated affiliates. The Company presents EBITDAre because it believes that it provides further useful information to investors in comparing its operating performance between periods and between REITs that report EBITDAre using the Nareit definition.

The Company also considers the exclusion of non-cash straight-line operating ground lease expense and share-based compensation expense from EBITDAre useful, as these expenses do not reflect the underlying performance of the related hotels (Adjusted EBITDAre).

The Company further excludes corporate expense, defined as actual corporate-level general and administrative expense, excluding share-based compensation expense, for the Company as well as Adjusted EBITDAre from the non-hotel property (the New York Property) from Adjusted EBITDAre (Adjusted Hotel EBITDA) to isolate property-level operational performance over which the Company’s hotel operators have direct control. The Company believes Adjusted Hotel EBITDA provides useful supplemental information to investors regarding operating performance and it is used by management to measure the performance of the Company’s hotels and effectiveness of the operators of the hotels. In addition, Adjusted EBITDAre and Adjusted Hotel EBITDA are both components of key compensation measures of operational performance within the Company's 2026 incentive plan.

The following table reconciles the Company’s GAAP net income to EBITDA, EBITDAre, Adjusted EBITDAre and Adjusted Hotel EBITDA on a quarterly basis for 2025 and 2026:

2025

2026

Q1

Q2

Q3

Q4

Q1

Net income

$31,221

$63,648

$50,880

$29,615

$27,699

Depreciation and amortization

47,941

48,022

48,100

48,564

49,537

Amortization of favorable and unfavorable operating leases, net

102

102

102

102

102

Interest and other expense, net

19,397

20,963

21,375

19,746

20,072

Income tax expense

241

240

242

236

242

EBITDA

98,902

132,975

120,699

98,263

97,652

Gain on sale of real estate

(3,557)

-

(4,380)

(5,179)

-

Impairment of depreciable real estate

-

-

5,724

-

-

EBITDAre

95,345

132,975

122,043

93,084

97,652

Non-cash straight-line operating ground lease expense

33

31

31

31

31

Share-based compensation expense (1)

3,068

1,404

1,264

1,965

2,914

Adjusted EBITDAre

98,446

134,410

123,338

95,080

100,597

Corporate expense

6,160

6,660

6,264

5,508

7,882

Adjusted EBITDAre from non-hotel property (2)

659

-

-

-

-

Adjusted Hotel EBITDA

$105,265

$141,070

$129,602

$100,588

$108,479

Apple Hospitality REIT, Inc.
Reconciliation of Net Income to FFO and MFFO
(Unaudited)
(in thousands)

The Company calculates and presents FFO in accordance with standards established by Nareit, which defines FFO as net income (loss) (computed in accordance with GAAP), excluding gains and losses from the sale of certain real estate assets (including gains and losses from change in control), extraordinary items as defined by GAAP, and the cumulative effect of changes in accounting principles, plus real estate related depreciation, amortization and impairments, and adjustments for unconsolidated affiliates. Historical cost accounting for real estate assets implicitly assumes that the value of real estate assets diminishes predictably over time. Since real estate values instead have historically risen or fallen with market conditions, most real estate industry investors consider FFO to be helpful in evaluating a real estate company’s operations. The Company further believes that by excluding the effects of these items, FFO is useful to investors in comparing its operating performance between periods and between REITs that report FFO using the Nareit definition. FFO as presented by the Company is applicable only to its common shareholders, but does not represent an amount that accrues directly to common shareholders.

The Company calculates MFFO by further adjusting FFO for the exclusion of amortization of finance ground lease assets, amortization of favorable and unfavorable operating leases, net, non-cash straight-line operating ground lease expense, and share-based compensation expense, as these expenses do not reflect the underlying performance of the related hotels. The Company presents MFFO when evaluating its performance because it believes that it provides further useful supplemental information to investors regarding its ongoing operating performance. In addition, MFFO is a component of a key compensation measure of operational performance within the Company's 2026 incentive plan.

The following table reconciles the Company’s GAAP net income to FFO and MFFO for the three months ended March 31, 2026 and 2025:

Three Months Ended
March 31,

2026

2025

Net income

$27,699

$31,221

Depreciation of real estate owned

48,778

47,181

Gain on sale of real estate

-

(3,557)

Funds from operations

76,477

74,845

Amortization of finance ground lease assets

759

759

Amortization of favorable and unfavorable operating leases, net

102

102

Non-cash straight-line operating ground lease expense

31

33

Share-based compensation expense (1)

2,914

3,068

Modified funds from operations

$80,283

$78,807

Apple Hospitality REIT, Inc.
2026 Guidance Reconciliation of Net Income to EBITDA, EBITDAre, Adjusted EBITDAre, Adjusted Hotel EBITDA and Comparable Hotels Adjusted Hotel EBITDA
(Unaudited) (in thousands)

The guidance of net income, EBITDA, EBITDAre, Adjusted EBITDAre, Adjusted Hotel EBITDA and Comparable Hotels Adjusted Hotel EBITDA (and all other guidance given) are forward-looking statements and are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause actual results and performance to differ materially from those expressed or implied by these forecasts. Although the Company believes the expectations reflected in the forecasts are based upon reasonable assumptions, there can be no assurance that the expectations will be achieved or that the results will not be materially different. Risks that may affect these assumptions and forecasts include, but are not limited to, the following: changes in political, economic, competitive and specific market conditions; the amount and timing of announced or future acquisitions and dispositions of hotel properties; the level of capital expenditures may change significantly, which will directly affect the level of depreciation expense, interest expense and net income; the amount and timing of debt repayments may change significantly based on market conditions, which will directly affect the level of interest expense and net income; the amount and timing of transactions involving the Company's common stock may change based on market conditions; and other risks and uncertainties associated with the Company's business described herein and in filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2025.

The following table reconciles the Company’s GAAP net income guidance to EBITDA, EBITDAre, Adjusted EBITDAre, Adjusted Hotel EBITDA and Comparable Hotels Adjusted Hotel EBITDA guidance for the year ending December 31, 2026:

Year Ending December 31, 2026

Low-End

High-End

Net income

$142,520

$169,420

Depreciation and amortization

196,000

193,000

Amortization of favorable and unfavorable leases, net

408

408

Interest and other expense, net

84,000

82,000

Income tax expense

900

1,300

EBITDA and EBITDAre

423,828

446,128

Non-cash straight-line operating ground lease expense

121

121

Share-based compensation expense (1)

11,800

11,800

Adjusted EBITDAre

435,749

458,049

Corporate expense

29,500

31,500

Adjusted Hotel EBITDA

465,249

489,549

AHEBITDA from acquisitions prior to ownership

-

-

AHEBITDA from dispositions/assets held for sale (2)

(49)

(49)

Comparable Hotels Adjusted Hotel EBITDA

$465,200

$489,500

Apple Hospitality REIT, Inc.

Debt Summary

(Unaudited)

($ in thousands)

March 31, 2026

April 1 -
December 31, 2026

2027

2028

2029

2030

Thereafter

Total

Fair
Market
Value

Total debt:

Maturities

$

292,147

$

278,602

$

334,066

$

162,294

$

460,016

$

44,638

$

1,571,763

$

1,552,811

Average interest rates (1)

4.7

%

4.7

%

4.6

%

4.6

%

4.6

%

3.7

%

Variable-rate debt:

Maturities

$

219,100

$

275,000

$

300,000

$

85,000

$

385,000

$

-

$

1,264,100

$

1,265,253

Average interest rates (1)

4.8

%

4.8

%

4.8

%

4.9

%

5.0

%

n/a

Fixed-rate debt:

Maturities

$

73,047

$

3,602

$

34,066

$

77,294

$

75,016

$

44,638

$

307,663

$

287,558

Average interest rates

4.0

%

4.1

%

4.1

%

3.9

%

3.6

%

3.7

%

  Apple Hospitality REIT, Inc.

Comparable Hotels Operating Metrics by Market

Three Months Ended March 31

(Unaudited)

  Top 30 Markets

Occupancy

ADR

RevPAR

% of Adjusted
Hotel EBITDA

# of Hotels

Q1 2026

Q1 2025

% Change

Q1 2026

Q1 2025

% Change

Q1 2026

Q1 2025

% Change

Q1 2026

Top 30 Markets

Phoenix, AZ

10

87.3%

86.7%

0.7%

$203.22

$203.92

(0.3%)

$177.47

$176.85

0.4%

11.3%

Los Angeles, CA

8

84.6%

86.1%

(1.7%)

$182.00

$197.05

(7.6%)

$154.05

$169.70

(9.2%)

5.2%

San Diego, CA

7

71.9%

71.8%

0.1%

$176.68

$172.75

2.3%

$126.98

$124.05

2.4%

4.5%

Salt Lake City/Ogden, UT

5

78.7%

81.6%

(3.6%)

$164.52

$157.34

4.6%

$129.48

$128.42

0.8%

4.4%

Fort Worth/Arlington, TX

6

77.1%

76.4%

0.9%

$167.61

$163.95

2.2%

$129.22

$125.34

3.1%

3.5%

Richmond/Petersburg, VA

3

74.7%

72.8%

2.6%

$203.91

$201.30

1.3%

$152.29

$146.51

3.9%

3.5%

Orange County, CA

6

80.4%

79.3%

1.4%

$166.53

$166.53

0.0%

$133.82

$132.08

1.3%

3.4%

Washington, DC

5

73.3%

70.6%

3.8%

$177.55

$184.17

(3.6%)

$130.15

$130.05

0.1%

3.3%

Melbourne, FL

3

82.7%

89.9%

(8.0%)

$222.26

$224.47

(1.0%)

$183.92

$201.71

(8.8%)

3.2%

Seattle, WA

4

75.2%

71.2%

5.6%

$185.01

$165.45

11.8%

$139.11

$117.82

18.1%

3.0%

Miami, FL

3

92.7%

93.8%

(1.2%)

$201.59

$184.11

9.5%

$186.89

$172.65

8.2%

2.8%

Las Vegas, NV

1

77.4%

77.6%

(0.3%)

$225.66

$208.94

8.0%

$174.68

$162.06

7.8%

2.6%

Fort Lauderdale, FL

2

92.0%

90.7%

1.4%

$212.18

$197.43

7.5%

$195.11

$179.01

9.0%

2.4%

Alaska

2

90.7%

82.5%

9.9%

$218.61

$198.30

10.2%

$198.36

$163.58

21.3%

2.3%

Nashville, TN

6

63.4%

66.2%

(4.2%)

$151.81

$142.73

6.4%

$96.22

$94.42

1.9%

2.2%

Tucson, AZ

3

90.3%

87.0%

3.8%

$155.32

$153.54

1.2%

$140.20

$133.65

4.9%

2.1%

Orlando, FL

3

84.3%

79.1%

6.6%

$145.45

$149.70

(2.8%)

$122.62

$118.39

3.6%

1.8%

Oklahoma City, OK

4

71.2%

67.9%

4.9%

$138.75

$132.81

4.5%

$98.77

$90.20

9.5%

1.6%

Tampa, FL

2

84.4%

86.6%

(2.5%)

$196.95

$217.98

(9.6%)

$166.29

$188.81

(11.9%)

1.5%

Houston, TX

5

71.1%

73.7%

(3.5%)

$127.51

$122.05

4.5%

$90.64

$89.93

0.8%

1.4%

Omaha, NE

4

62.5%

64.1%

(2.5%)

$121.35

$119.34

1.7%

$75.84

$76.45

(0.8%)

1.4%

Palm Beach , FL

1

94.9%

95.4%

(0.5%)

$214.92

$184.13

16.7%

$203.89

$175.61

16.1%

1.3%

Memphis, TN

2

71.3%

65.9%

8.2%

$171.55

$162.84

5.3%

$122.32

$107.33

14.0%

1.2%

Alabama North

4

69.1%

67.6%

2.2%

$144.12

$149.48

(3.6%)

$99.53

$101.06

(1.5%)

1.2%

Pittsburgh, PA

2

81.8%

52.5%

55.8%

$114.38

$144.80

(21.0%)

$93.56

$76.08

23.0%

1.2%

Dallas, TX

5

62.8%

65.9%

(4.7%)

$135.29

$141.31

(4.3%)

$84.95

$93.07

(8.7%)

1.2%

Chicago, IL

7

62.8%

56.9%

10.4%

$126.21

$129.08

(2.2%)

$79.32

$73.47

8.0%

1.1%

Alabama South

4

68.8%

68.3%

0.7%

$128.74

$124.18

3.7%

$88.63

$84.82

4.5%

1.1%

Austin, TX

6

70.2%

72.9%

(3.7%)

$113.97

$114.18

(0.2%)

$80.02

$83.28

(3.9%)

1.0%

Atlanta, GA

3

70.6%

64.4%

9.6%

$165.64

$184.73

(10.3%)

$117.02

$118.95

(1.6%)

1.0%

Top 30 Markets

126

75.7%

74.8%

1.2%

$168.09

$167.46

0.4%

$127.31

$125.20

1.7%

77.7%

All Other Markets

90

68.2%

65.7%

3.8%

$138.14

$138.48

(0.2%)

$94.16

$91.00

3.5%

22.3%

Total Portfolio

216

72.8%

71.3%

2.1%

$157.35

$157.26

0.1%

$114.61

$112.14

2.2%

100.0%

  Note: Market categorization based on STR designation. Top 30 markets based on Comparable Hotels Adjusted Hotel EBITDA contribution.

  Apple Hospitality REIT, Inc.

Comparable Hotels Operating Metrics by Location

Three Months Ended March 31

(Unaudited)

  Location

Occupancy

ADR

RevPAR

% of Adjusted
Hotel EBITDA

# of Hotels

Q1 2026

Q1 2025

% Change

Q1 2026

Q1 2025

% Change

Q1 2026

Q1 2025

% Change

Q1 2026

STR Location

Airport

20

85.6%

80.4%

6.5%

$156.12

$154.23

1.2%

$133.71

$123.92

7.9%

12.0%

Interstate

8

68.9%

67.3%

2.4%

$135.27

$132.99

1.7%

$93.22

$89.52

4.1%

1.7%

Resort

11

71.9%

72.7%

(1.1%)

$188.81

$186.02

1.5%

$135.83

$135.17

0.5%

8.5%

Small Metro/Town

3

75.4%

77.1%

(2.2%)

$121.77

$122.50

(0.6%)

$91.77

$94.39

(2.8%)

0.8%

Suburban

111

72.8%

72.1%

1.0%

$151.07

$150.46

0.4%

$109.99

$108.45

1.4%

42.7%

Urban

63

69.7%

67.5%

3.3%

$164.25

$166.64

(1.4%)

$114.56

$112.45

1.9%

34.3%

Total Portfolio

216

72.8%

71.3%

2.1%

$157.35

$157.26

0.1%

$114.61

$112.14

2.2%

100.0%

  Note: Location categorization based on STR designation.

More News From Apple Hospitality REIT, Inc.

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Apple Hospitality REIT (APLE - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.

Apple Hospitality REIT is one of 833 companies in the Finance group. The Finance group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Apple Hospitality REIT is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for APLE's full-year earnings has moved 4.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, APLE has moved about 16.4% on a year-to-date basis. Meanwhile, the Finance sector has returned an average of -0.4% on a year-to-date basis. This means that Apple Hospitality REIT is outperforming the sector as a whole this year.

Another stock in the Finance sector, ASX Limited - Unsponsored ADR (ASXFY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 21.6%.

Over the past three months, ASX Limited - Unsponsored ADR's consensus EPS estimate for the current year has increased 30.3%. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Apple Hospitality REIT belongs to the REIT and Equity Trust - Other industry, which includes 90 individual stocks and currently sits at #80 in the Zacks Industry Rank. This group has gained an average of 11.3% so far this year, so APLE is performing better in this area.

On the other hand, ASX Limited - Unsponsored ADR belongs to the Securities and Exchanges industry. This 8-stock industry is currently ranked #64. The industry has moved -8.3% year to date.

Going forward, investors interested in Finance stocks should continue to pay close attention to Apple Hospitality REIT and ASX Limited - Unsponsored ADR as they could maintain their solid performance.

Key Takeaways Low price-to-sales ratios can spotlight value when earnings are weak, since revenues are harder to manipulate.A low P/S is more compelling alongside lower debt and steady cash flow, which can support stability.Screening also favors cheaper P/E and P/B versus industry medians to avoid "value traps" on one metric. Investing in stocks based on valuation metrics is a proven strategy for identifying opportunities with strong upside potential. While the price-to-earnings (P/E) ratio is a popular tool for gauging value, it has its limitations, especially when evaluating companies that are unprofitable or still in their early growth phases.

In such cases, the price-to-sales (P/S) ratio becomes particularly valuable. By comparing a company’s market capitalization to its revenues, the P/S ratio offers a clearer picture of value when earnings are minimal or volatile.

If you are looking for growth at a discount, low P/S stocks can offer compelling opportunities. These stocks often trade below their intrinsic value, making them attractive to investors seeking upside potential without paying a premium. While the P/S ratio alone does not guarantee success, when combined with strong fundamentals and positive business momentum, it can signal a stock poised for a breakout.

Shoe Carnival (SCVL - Free Report) , Nu Skin Enterprises, Inc. (NUS - Free Report) , Apple Hospitality REIT, Inc. (APLE - Free Report) , ConocoPhillips (COP - Free Report) and First American Financial Corporation (FAF - Free Report) are some companies with low price-to-sales ratios and the potential to offer higher returns.

What Is the Price-to-Sales Ratio?While a loss-making company with a negative price-to-earnings ratio falls out of investor favor, its price-to-sales can indicate the hidden strength of the business. This underrated ratio is also used to identify a recovery situation or ensure a company's growth is not overvalued.

A stock’s price-to-sales ratio reflects how much investors pay for each dollar of revenue generated by a company.

If the price-to-sales ratio is 1, investors are paying $1 for every $1 of revenues generated by the company. A stock with a price-to-sales ratio below 1 is a good bargain, as investors need to pay less than a dollar for a dollar’s worth.

Thus, a stock with a lower price-to-sales ratio is a more suitable investment than a stock with a high price-to-sales ratio.

The price-to-sales ratio is often preferred over price-to-earnings, as companies can manipulate their earnings using various accounting measures. However, sales are harder to manipulate and are relatively reliable.

However, one should keep in mind that a company with high debt and a low price-to-sales ratio is not an ideal choice. The high debt level will have to be paid off at some point, leading to further share issuance, a rise in market cap and a higher price-to-sales ratio.

In any case, the price-to-sales ratio used in isolation cannot do the trick. One should analyze other ratios like Price/Earnings, Price/Book and Debt/Equity before arriving at any investment decision.

Screening ParametersPrice-to-Sales less than the Median Price-to-Sales for its Industry: The lower the price-to-sales ratio, the better.

Price-to-Earnings using F(1) estimate less than the Median Price-to-Earnings for its Industry: The lower, the better.

Price-to-Book (Common Equity) less than the Median Price-to-Book for its Industry: This is another parameter to ensure the value feature of a stock.

Debt-to-Equity (Most Recent) less than the Median Debt-to-Equity for its Industry: A company with less debt should have a stable price-to-sales ratio.

Current Price greater than or equal to $5: The stocks must be trading at a minimum of $5 or higher.

Zacks Rank less than or equal to #2 (Buy): Zacks Rank #1 (Strong Buy) or #2 stocks are known to outperform, irrespective of the market environment.

Value Score less than or equal to B: Our research shows that stocks with a Value Score of A or B, when combined with a Zacks Rank 1 or 2, offer the best opportunities in the value investing space.

Here are five of the 24 stocks that qualified the screening:

Shoe Carnival operates as a family footwear retailer in the United States, offering dress, casual, athletic and seasonal footwear for men, women and children. The company is undergoing a disciplined transformation to strengthen fundamentals and long-term profitability. Its “rebanner” strategy is shifting the mix toward the higher-end Shoe Station banner, attracting more affluent consumers and premium brands, while reducing the reliance on value-focused shoppers.

With margin discipline, a debt-free balance sheet and strong cash flow, Shoe Carnival is investing in growth and store conversions. As Shoe Station expands, SCVL is evolving into a more resilient, diversified and profitable footwear retailer. SCVL currently has a Zacks Rank #2 and a Value Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.

Provo, Utah-based Nu Skin develops and distributes a wide range of premium cosmetics, beauty, personal care and wellness products. Nu Skin’s fundamentals remain under pressure, with softer revenues, customer activity and salesforce productivity. However, the business retains healthy margins, positive adjusted earnings and disciplined capital allocation.

Management is focused on improving execution through Prysm iO, wellness subscriptions and emerging market expansion. The investment case depends on stabilization in core selling metrics and successful conversion of innovation into sustainable growth. NUS has a Value Score of A and a Zacks Rank of 2 at present.

Apple Hospitality is a publicly traded real estate investment trust that owns the largest and most diverse portfolio of upscale, room-focused hotels in the United States. The company offers a fundamentally sound lodging REIT story built on portfolio quality, brand alignment and disciplined execution. It owns a geographically diversified collection of room-focused hotels affiliated with leading brands, giving it broad exposure to leisure, corporate and group demand.

Management has demonstrated prudent capital allocation through selective acquisitions, timely dispositions and consistent reinvestment to keep properties competitive. A flexible balance sheet and ample liquidity provide resilience across cycles. While recent demand softness weighed on its performance, leisure trends remain supportive and operational agility positions the portfolio to benefit as business travel normalizes, supporting long-term cash flow stability and shareholder returns. APLE has a Value Score of B and a Zacks Rank of 2 at present.

Houston, TX-based ConocoPhillips is primarily involved in the exploration and production of oil and natural gas. The company is well-positioned for long-term growth, bolstered by its strong presence in key U.S. shale plays, such as Eagle Ford, Permian Basin and Bakken. The company's focus on premium drilling locations, combined with its low-cost production and high-quality reserves, supports steady production growth. Additionally, the company is expanding its global footprint in the LNG market, particularly in Alaska, Qatar and the United States, to meet the growing demand for cleaner energy.

ConocoPhillips is committed to sustainability, prioritizing LNG and low-carbon technologies to align with global decarbonization trends. The company’s disciplined approach to cost management and operational efficiency ensures resilience and free cash flow, reinforcing its ability to navigate market uncertainties and drive long-term value. COP currently has a Zacks Rank #2 and a Value Score of B.

First American Financial presents a solid investment case, supported by its leadership in the U.S. title insurance market and strong pricing power in a concentrated industry. The company is focused on expanding its core title insurance and settlement services business, while strengthening distribution relationships and broadening its international footprint. Strategic acquisitions and investments in technology, data and AI are enhancing efficiency and expanding its title plant coverage, positioning the company well for the next real estate cycle.

Consistent shareholder returns through dividends and share repurchases, supported by a high-quality investment portfolio and improving profitability, make the stock attractive for long-term investors seeking stability and income. FAF has a Value Score of A and currently flaunts a Zacks Rank #1.

Current market conditions feel especially unstable due to 'priced to perfection' valuations amid macroeconomic uncertainties. Equities and bond spreads are at all-time highs, raising sustainability concerns for risk-taking in this environment. I prioritize stock picking, focusing on assets perceived as high risk where actual risks are misunderstood or high quality is overlooked.

RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced that it plans to report second quarter 2026 financial results after the market closes on Wednesday, August 5, 2026, and host a conference call for investors and interested parties at 11:00 a.m. Eastern Time on Thursday, August 6, 2026, to discuss the results.

The conference call will be accessible by telephone and the internet. To access the call, participants from within the U.S. should dial 877-407-9039, and participants from outside the U.S. should dial 201-689-8470. Participants may also access the call via live webcast by visiting the Investor Information section of the Company's website at ir.applehospitalityreit.com.

A replay of the call will be available from approximately 3:00 p.m. Eastern Time on August 6, 2026, through 11:59 p.m. Eastern Time on August 20, 2026. To access the replay, the domestic dial-in number is 844-512-2921, the international dial-in number is 412-317-6671, and the passcode is 13760939. In addition, an archive of the webcast will be available on the Company's website for a limited time.

About Apple Hospitality REIT, Inc.
Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (“REIT”) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality’s portfolio consists of 216 hotels with approximately 29,500 guest rooms located in 83 markets throughout 37 states and the District of Columbia. Concentrated with industry-leading brands, the Company’s hotel portfolio consists of 114 Hilton-branded hotels, 96 Marriott-branded hotels, five Hyatt-branded hotels and one independent hotel. For more information, please visit www.applehospitalityreit.com.

For additional information or to receive press releases by email, visit www.applehospitalityreit.com.

More News From Apple Hospitality REIT, Inc.