APLE Earnings Prediction
The chart below shows how APLE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, APLE sees a +1.55% change in stock price 10 days leading up to the earnings, and a +0.44% change 10 days following the report. On the earnings day itself, the stock moves by -1.21%. This data can give you a slight idea of what to expect for the next quarter's release.
APLE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
378.84M
5.75%
-2.88%
Gross Margin
58.68%
-1.56%
-3.79%
Operating Margin
21.28%
-0.09%
-10.81%
Net Margin
14.85%
-9.06%
-21.64%
EPS
0.23
-11.54%
-25.81%
No Data Available
APLE Earnings Analysis
Apple Hospitality REIT, Inc. Corporation (APLE.N) Earnings Conference Call
Positive
Total Revenue Increase: Comparable Hotels' total revenue was $378 million for the third quarter and $1.1 billion year-to-date through September, both up approximately 2% as compared to the same periods of 2023.
RevPAR Increase: Third quarter comparable hotels RevPAR was $125, up approximately 1%.
Occupancy and ADR Update: ADR was $163, up more than 1%, and occupancy was 77%, essentially flat as compared to the third quarter 2023.
Adjusted EBITDA Growth: Third quarter adjusted EBITDA was approximately $129 million and $371 million year-to-date, up approximately 6% and 7% to the same periods of 2023, respectively.
Distributions Paid Summary: We paid distributions totaling $58 million, or $0.24 per common share.
Negative
Total Revenue Increase: Comparable Hotels' total revenue was $378 million for the third quarter and $1.1 billion year-to-date through September, both up approximately 2% as compared to the same periods of 2023.
Hotel Expense Trends: Total hotel expenses increased year-over-year by 2.7% for the third quarter, decelerating from year-over-year total hotel expense growth of 3.5% in the second quarter and 4.2% in the first quarter.
Adjusted EBITDA Increase: The adjusted EBITDA for the quarter was approximately $129 million and $371 million year-to-date, up approximately 6% and 7% to the same periods of 2023, respectively.
Hotel Construction Trends: At the end of the second quarter, approximately 54% of our hotels did not have any new upper upscale or upper midscale product under construction within a five-mile radius, and actual rooms under construction within the same five-mile radius decreased 7% year-over-year.
Forward-Looking Statements Disclaimer: The company undertook no obligation to publicly update or revise any forward-looking statements except as required by law.
APLE FAQs
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APLE Earning Call Sentiment
Apple Hospitality REIT, Inc. (APLE) Q3 2024 Earnings Call Transcript
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APLE.N
-0.76%Positive
The earnings call summary presents mixed signals. Financial performance shows modest growth with a 2% revenue increase and 6% EBITDAre growth, but there is weak RevPAR growth and declining EBITDA margin. Share repurchases and a solid debt structure are positives, but limited cash on hand is concerning. The Q&A reveals optimism about leisure travel and business transient growth, but lacks clarity on 2025 expenses and group bookings. Overall, the market cap suggests moderate stock reaction, aligning with a neutral sentiment due to balanced positives and negatives.