Apple Hospitality REIT
Market Cap
US$2.9b
Last Updated
2021/01/19 23:35 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential and fair value.
Similar Companies
Share Price & News
How has Apple Hospitality REIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: APLE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: APLE's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
4.0%
APLE
2.6%
US REITs
0.3%
US Market
1 Year Return
-17.0%
APLE
-12.0%
US REITs
21.1%
US Market
Return vs Industry: APLE underperformed the US REITs industry which returned -10.7% over the past year.
Return vs Market: APLE underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| APLE | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.0% | 2.6% | 0.3% |
| 30 Day | 1.7% | 0.3% | 3.3% |
| 90 Day | 26.3% | 4.7% | 14.2% |
| 1 Year | -15.9%-17.0% | -7.9%-12.0% | 23.8%21.1% |
| 3 Year | -22.9%-34.1% | 22.6%7.5% | 45.0%35.4% |
| 5 Year | -1.3%-25.7% | 50.3%19.5% | 127.7%102.3% |
Long-Term Price Volatility Vs. Market
How volatile is Apple Hospitality REIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Is Apple Hospitality REIT, Inc. (NYSE:APLE) Popular Amongst Insiders?2 months ago | Simply Wall St
What Type Of Returns Would Apple Hospitality REIT's(NYSE:APLE) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?3 months ago | Simply Wall St
Have Insiders Been Buying Apple Hospitality REIT, Inc. (NYSE:APLE) Shares This Year?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 ($13.14) is trading below our estimate of fair value ($68.57)
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 (1x) compared to the US REITs industry average (1.6x).
Next Steps
Future Growth
How is Apple Hospitality REIT forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
111.5%
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 (24% per year) is forecast to grow faster than the US market (10.3% per year).
High Growth Revenue: APLE's revenue (24% per year) is forecast to grow faster 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
Next Steps
Past Performance
How has Apple Hospitality REIT performed over the past 5 years?
-7.2%
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 7.2% 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 (2.9%).
Return on Equity
High ROE: APLE has a negative Return on Equity (-3.14%), as it is currently unprofitable.
Next Steps
Financial Health
How is Apple Hospitality REIT's financial position?
Financial Position Analysis
Short Term Liabilities: APLE's short term assets ($85.9M) exceed its short term liabilities ($65.5M).
Long Term Liabilities: APLE's short term assets ($85.9M) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: APLE's debt to equity ratio (50.3%) is considered high.
Reducing Debt: APLE's debt to equity ratio has increased from 35.8% to 50.3% over the past 5 years.
Debt Coverage: APLE's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: Insufficient data to determine if APLE's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Apple Hospitality REIT current dividend yield, its reliability and sustainability?
2.71%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate APLE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate APLE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if APLE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if APLE's dividend payments have been 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?
1.9yrs
Average management tenure
CEO
Justin Knight (47 yo)
6.67yrs
Tenure
US$4,588,609
Compensation
Mr. Justin G. Knight served as the President of Apple REIT Ten, Inc., Apple Suites, Inc. and Apple Nine Hospitality Ownership, Inc. Mr. Knight serves as the Chief Operating Officer and Senior Vice Presiden...
CEO Compensation Analysis
Compensation vs Market: Justin's total compensation ($USD4.59M) is about average for companies of similar size in the US market ($USD5.00M).
Compensation vs Earnings: Justin's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 13yrs | US$1.19m | 4.7% $ 137.9m | |
| CEO & Director | 6.67yrs | US$4.59m | 5.13% $ 150.6m | |
| President of Real Estate & Investments | 6.67yrs | US$1.64m | 4.71% $ 138.1m | |
| Executive Director | 1.83yrs | US$2.37m | 0.48% $ 14.1m | |
| 0.83yr | US$2.37m | 0.20% $ 6.0m | ||
| Senior VP & CFO | 0.75yr | no data | 0.033% $ 972.2k | |
| Senior VP & COO | 0.75yr | no data | 0.042% $ 1.2m | |
| Senior VP & Chief Accounting Officer | 2yrs | no data | 0.028% $ 833.8k | |
| Vice President of Investor Relations | 10.58yrs | no data | no data | |
| Senior VP & Chief Legal Officer | 1.83yrs | no data | 0.026% $ 771.0k | |
| Senior VP & Chief Capital Investment Officer | 1.83yrs | no data | 0.020% $ 592.9k | |
| Senior Advisor | 6.58yrs | US$104.80k | no data |
1.9yrs
Average Tenure
42yo
Average Age
Experienced Management: APLE's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 13yrs | US$1.19m | 4.7% $ 137.9m | |
| CEO & Director | 6.67yrs | US$4.59m | 5.13% $ 150.6m | |
| Executive Director | 1.83yrs | US$2.37m | 0.48% $ 14.1m | |
| Independent Director | 6.83yrs | US$175.02k | 0.018% $ 524.3k | |
| Independent Director | 2.92yrs | US$165.70k | 0.014% $ 405.7k | |
| Lead Independent Director | 3.92yrs | US$185.93k | 0.011% $ 335.9k | |
| Independent Director | 6yrs | US$175.83k | 0.019% $ 560.3k | |
| Independent Director | 6yrs | US$190.57k | 0.046% $ 1.3m |
6.0yrs
Average Tenure
67yo
Average Age
Experienced Board: APLE's board of directors are considered experienced (6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: APLE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Apple Hospitality REIT, Inc.'s company bio, 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$2.934b
- Shares outstanding: 223.27m
- Website: https://www.applehospitalityreit.com
Number of Employees
Location
- Apple Hospitality REIT, Inc.
- 814 East Main Street
- Richmond
- Virginia
- 23219
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| APLE | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | May 2015 |
| 48T | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | May 2015 |
Biography
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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 23:35 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.