Apple Hospitality REIT Reports Strong Q3 2026 Results and Raises Full-Year Guidance
Apple Hospitality REIT (APLE) delivered robust third-quarter 2026 results, characterized by a 7.3% year-over-year increase in comparable hotels RevPAR to $134. This growth was fueled by steady demand from both business and leisure travelers, with weekday occupancy outperforming weekend growth. The company's Adjusted EBITDAre rose 13.3% to $140 million, while Modified Funds From Operations (MFFO) per share increased significantly to $0.50. Driven by strong performance, management raised its full-year 2026 guidance for RevPAR, margins, and Adjusted EBITDAre. The company is also actively managing its portfolio through asset dispositions, with $72 million in hotel sales currently under contract. While facing some headwinds from rising utility and maintenance costs, the firm maintains a healthy liquidity position and continues to invest in future developments in Anchorage and Las Vegas.
Tickers: $APLE
Topics: Adjusted EBITDAre asset dispositions guidance raise RevPAR growth