Q2 2025 Apple Hospitality REIT Inc Earnings Call Transcript
Key Points
- Apple Hospitality REIT Inc (APLE) reported sequential improvement in RevPAR throughout the quarter, with July showing year-over-year growth.
- The company maintained industry-leading margins with a comparable hotels EBITDA margin of 37.4% for the quarter.
- Apple Hospitality REIT Inc (APLE) continues to pay an attractive dividend, with a yield of approximately 8.2% based on the current stock price.
- The company successfully executed select asset sales, optimizing portfolio concentration and freeing capital for share repurchases.
- Apple Hospitality REIT Inc (APLE) demonstrated strong cash flow and efficient hotel operations, providing a compelling value proposition for both business and leisure travelers.
- RevPAR declined by 1.7% in the second quarter compared to the same period in 2024, with occupancy and ADR also slightly down.
- Higher fixed costs and lower-than-expected top-line growth impacted the company's bottom-line performance during the quarter.
- Economic uncertainty and calendar shifts, such as the timing of the Easter holiday, negatively affected performance in April.
- The company experienced a pullback in government travel, impacting demand in certain markets.
- Comparable hotels' total revenue and adjusted hotel EBITDA were both down approximately 5% year-to-date through June compared to the same period in 2024.
Good day and welcome to the Apple Hospitality REIT's second quarter earnings call.
(Operator Instructions) Please note this event is being recorded.
I'd now like to turn the conference over to Kelly Clarke, Vice President of Investor Relations. Please go ahead.
Thank you and good morning. Welcome to Apple Hospitality REIT second quarter 2025 earnings call. Today's call will be based on the earnings release in Form 10-Q, which we distributed and filed yesterday afternoon.
Before we begin, please note that today's call may include forward-looking statements as defined by federal securities laws. These forward-looking statements are based on current views and assumptions, and as a result, are subject to numerous risks, uncertainties, and the outcome of future events that could cause actual results, performance or achievements to materially differ from those expressed, projected or implied.
Any such forward-looking statements are qualified by the
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