Apple Hospitality REIT, Inc. (APLE) Stock Analysis
APLE combines a 5.7% monthly dividend yield, 3.4x net leverage and supply-constrained select-service lodging exposure for stable but moderate compounding.
Overview
Apple Hospitality REIT (NYSE: APLE) is a geographically diversified, self-advised lodging REIT owning 217 upscale select-service hotels with 29,583 rooms across 84 markets in 37 states and Washington, D.C. More than 99% of the portfolio carries Hilton, Marriott or Hyatt branding, combining recognized quality with loyalty-program demand, while 16 independent management companies handle operations. **The rooms-focused model is the core competitive advantage:** rooms generate approximately 90% of revenue, with limited food and beverage exposure and structurally lower labor intensity than full-service hotels. Q1 2026 revenue rose 3.06% year over year to $337.74 million, comparable RevPAR increased 2.2% to $114.61, occupancy improved to 72.8%, and MFFO per share rose 3.0% to $0.34. Management raised 2026 guidance, including $436 million–$458 million of Adjusted EBITDAre and 32.9%–33.9% EBITDA margins. The shares trade near $16.84 at approximately 10.4x forward P/MFFO and offer a $0.08 monthly dividend, or $0.96 annualized and a 5.7% yield. Catalysts include the Las Vegas and Anchorage developments, constrained hotel supply, refinancing completed July 28, 2026, and potential FIFA World Cup demand upside.