Q3 2025 Apple Hospitality REIT Inc Earnings Call Transcript
Key Points
- Apple Hospitality REIT Inc (APLE) achieved a comparable hotels occupancy rate of 76% for the quarter, demonstrating resilience in transient leisure demand.
- The company has strategically executed select dispositions and forward commitments on new developments to manage near-term CapEx needs and ensure exposure to markets with strong growth profiles.
- APLE has repurchased approximately $3.8 million of its shares at a weighted average market purchase price of $12.73 per share, indicating confidence in its stock value.
- The company maintains a strong balance sheet with a low leverage ratio of approximately 3.3 times trailing 12 months EBITDA and a weighted average interest rate of 4.8%.
- APLE continues to pay an attractive dividend, with an annualized regular monthly cash distribution representing an annual yield of approximately 8.6%.
- Comparable hotels RevPAR was down 1.8% for the quarter, impacted by a recent government shutdown and softer midweek business transient demand.
- Total revenue for comparable hotels was down approximately 1% year-to-date through September compared to the same period in 2024.
- The company experienced a decline in comparable hotels adjusted Hotel EBITDA by approximately 7% for the quarter compared to the same period in 2024.
- Fixed expense growth remained elevated, growing 12% in the third quarter, driven by increases in real estate taxes and general liability insurance premiums.
- The ongoing government shutdown continues to weigh on government demand and travel more broadly, impacting overall performance.
Greetings and welcome to the Apple Hospitality REIT third-quarter 2025 earnings call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce Kelly Clarke, Vice President of Investor Relations. Thank you. You may begin.
Thank you and good morning. Welcome to Apple Hospitality REIT third-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 risk factors
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
