APLE · Apple Hospitality REIT, Inc.

Apple Hospitality REIT reported solid first quarter 2026 operating performance, with Comparable Hotels RevPAR growing 2.2% year-over-year to $114.61. The growth was primarily volume-driven, as occupancy improved 210 basis points to 72.8%, while Average Daily Rate (ADR) remained relatively flat at $157.35. Same Store Hotels Adjusted Hotel EBITDA increased 4.2% year-over-year, demonstrating effective cost management and operating leverage. The company noted that operating performance exceeded expectations for the quarter. Preliminary April 2026 data indicates continued momentum, with Comparable Hotels RevPAR growth of more than 4%. The company continues to execute its capital allocation strategy, selling the Hampton Inn & Suites Rochester-North for approximately $9 million in April 2026 and reinvesting $27.5 million in capital improvements during the first quarter. The balance sheet remains conservative with 37% net debt to total capitalization, approximately $559 million available on the revolving credit facility, and 207 unencumbered assets. The company maintained its monthly dividend of $0.08 per share, equating to an annualized distribution of $0.96 per share and a 7.1% yield based on the April 30, 2026 closing price.