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APLE

Apple Hospitality REITNYSE:APLE Stock Report

Market Cap

US$3.6b

7D

-2.4%

1Y

44.3%

Updated

23 Oct, 2021

Data

Company Financials +
APLE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health1/6
Dividends0/6

APLE Overview

Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (“REIT”) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States.

Apple Hospitality REIT Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Apple Hospitality REIT
Historical stock prices
Current Share PriceUS$15.70
52 Week HighUS$9.56
52 Week LowUS$16.59
Beta1.27
1 Month Change-3.03%
3 Month Change7.53%
1 Year Change44.30%
3 Year Change-3.21%
5 Year Change-11.95%
Change since IPO-16.49%

Recent News & Updates

Aug 20

Apple Hospitality: Additional Upside In Sight

The picture at Apple Hospitality has been harmed by the COVID-19 pandemic, but in many ways, the situation is improving. The company is recovering nicely, though there is a great deal of uncertainty still and the easy upside has been captured. Even so, the business appears to offer more upside potential moving forward.

Shareholder Returns

APLEUS REITsUS Market
7D-2.4%2.2%1.7%
1Y44.3%35.3%30.3%

Return vs Industry: APLE exceeded the US REITs industry which returned 35.3% over the past year.

Return vs Market: APLE exceeded the US Market which returned 30.3% over the past year.

Price Volatility

Is APLE's price volatile compared to industry and market?
APLE volatility
APLE Beta1.27
Industry Beta0.84
Market Beta1

Stable Share Price: APLE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: APLE's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200766Justin Knighthttps://www.applehospitalityreit.com

Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (“REIT”) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality’s portfolio consists of 235 hotels with more than 30,000 guest rooms located in 87 markets throughout 34 states. Concentrated with industry-leading brands, the Company’s portfolio consists of 104 Marriott-branded hotels, 126 Hilton-branded hotels, three Hyatt-branded hotels and two independent hotels.

Apple Hospitality REIT Fundamentals Summary

How do Apple Hospitality REIT's earnings and revenue compare to its market cap?
APLE fundamental statistics
Market CapUS$3.58b
Earnings (TTM)-US$118.35m
Revenue (TTM)US$688.91m

5.2x

P/S Ratio

-30.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
APLE income statement (TTM)
RevenueUS$688.91m
Cost of RevenueUS$438.81m
Gross ProfitUS$250.10m
ExpensesUS$368.44m
Earnings-US$118.35m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 04, 2021

Earnings per share (EPS)-0.52
Gross Margin36.30%
Net Profit Margin-17.18%
Debt/Equity Ratio46.0%

How did APLE perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

3%

Payout Ratio

Valuation

Is Apple Hospitality REIT undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: APLE ($15.7) is trading below our estimate of fair value ($71.95)

Significantly Below Fair Value: APLE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: APLE is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.

PE vs Market: APLE is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate APLE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: APLE is good value based on its PB Ratio (1.2x) compared to the US REITs industry average (2.1x).


Future Growth

How is Apple Hospitality REIT forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

97.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APLE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: APLE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: APLE's is expected to become profitable in the next 3 years.

Revenue vs Market: APLE's revenue (18.8% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: APLE's revenue (18.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if APLE's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Apple Hospitality REIT performed over the past 5 years?

-35.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APLE is currently unprofitable.

Growing Profit Margin: APLE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: APLE is unprofitable, and losses have increased over the past 5 years at a rate of 35.9% per year.

Accelerating Growth: Unable to compare APLE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: APLE is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (8.3%).


Return on Equity

High ROE: APLE has a negative Return on Equity (-3.82%), as it is currently unprofitable.


Financial Health

How is Apple Hospitality REIT's financial position?


Financial Position Analysis

Short Term Liabilities: APLE's short term assets ($296.5M) exceed its short term liabilities ($51.5M).

Long Term Liabilities: APLE's short term assets ($296.5M) do not cover its long term liabilities ($1.6B).


Debt to Equity History and Analysis

Debt Level: APLE's debt to equity ratio (46%) is considered high.

Reducing Debt: APLE's debt to equity ratio has increased from 39.5% to 46% over the past 5 years.

Debt Coverage: APLE's debt is not well covered by operating cash flow (4.5%).

Interest Coverage: Insufficient data to determine if APLE's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Apple Hospitality REIT current dividend yield, its reliability and sustainability?

0.25%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: APLE's dividend (0.25%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.29%).

High Dividend: APLE's dividend (0.25%) is low compared to the top 25% of dividend payers in the US market (3.47%).


Stability and Growth of Payments

Stable Dividend: APLE is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: APLE is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: APLE is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of APLE's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Justin Knight (48 yo)

7.42yrs

Tenure

US$3,914,027

Compensation

Mr. Justin G. Knight has been a Director at Apple Hospitality REIT, Inc. since 2015. He served as the President of Apple REIT Ten, Inc., Apple Suites, Inc. and Apple Nine Hospitality Ownership, Inc. Mr. Kn...


CEO Compensation Analysis

Compensation vs Market: Justin's total compensation ($USD3.91M) is about average for companies of similar size in the US market ($USD5.19M).

Compensation vs Earnings: Justin's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: APLE's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: APLE's board of directors are considered experienced (6.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: APLE insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.


Top Shareholders

Company Information

Apple Hospitality REIT, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Apple Hospitality REIT, Inc.
  • Ticker: APLE
  • Exchange: NYSE
  • Founded: 2007
  • Industry: Hotel and Resort REITs
  • Sector: Real Estate
  • Market Cap: US$3.585b
  • Shares outstanding: 228.34m
  • Website: https://www.applehospitalityreit.com

Number of Employees


Location

  • Apple Hospitality REIT, Inc.
  • 814 East Main Street
  • Richmond
  • Virginia
  • 23219
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 22:07
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.