Apple Hospitality REIT, Inc. (APLE)
NYSEReal EstateReit - Hotel & MotelSnapshot 2026-09-04
$15.60+0.13%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - Hotel & MotelSnapshot 2026-09-04
Intact: The reason to own it still holds.
Apple Hospitality REIT keeps paying a steady dividend of $0.24 per share. Revenue is expected near $1.465 billion in 2026 with a gross margin around 33%. The company has a $242.5 million share buyback program extended through July 2027. Profit margins and capital spending remain stable, supporting cash flow.
Revenue growth could slow below 2%, hurting cash available for dividends. Capital expenditures might rise above $90 million, pressuring free cash flow. Share repurchases may not be executed, limiting capital return to shareholders.
The market expects about 2% revenue growth and values the stock slightly above our estimate of its business fundamentals. Our view aligns with consensus revenue growth but sees limited upside beyond steady income and capital allocation.
Breaks if: Capex exceeds $90 million in FY26
Breaks if: Dividend per share falls below $0.24 in any quarter
Breaks if: Gross margin falls below 30% in FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
APLE represents a durable compounder in the real estate sector. The current thesis is characterized by a strong balance sheet and consistent dividend payments, despite facing sector headwinds.
The market currently prices APLE as cheap compared to its peers, with a low expectations gap. This suggests that investors may not fully anticipate the potential for improved earnings or continued strong financial performance.
Management has shown strong execution in maintaining a flexible balance sheet and consistent dividend payments. Recent financial performance has been strong, but the company has experienced a decline in quality metrics, which could pose risks in the near term.
The thesis hinges on several factors, including the potential for the Federal Reserve to cut interest rates and the performance of sector peers like HST, RHP, and PK. Additionally, any negative guidance from management could significantly impact sentiment.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Revenue falls below $1.3 billion in FY26
Breaks if: No meaningful share repurchases executed by July 2027
Over the next 1 to 3 years, APLE's performance will depend on external economic conditions and management's ability to navigate sector challenges. Not investment advice.