APLE Q1 2023 Earnings — Apple Hospitality REIT, Inc. Revenue & Financial Results | Market Cap Arena

APLEApple Hospitality REIT, Inc.

$3B

Q1 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$311M+19.6% YoY

Gross Profit

$107M34.2% margin

Operating Income

$49M15.8% margin

Net Income

$33M10.6% margin

EPS (Diluted)

$0.14

QoQ Revenue Growth

+4.1%

Cash Flow

Operating Cash Flow

$52M

Free Cash Flow

$28M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$4.8B

Total Liabilities

$1.6B

Stockholders' Equity

$3.2B

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$311M	$260M	+19.6%
Gross Profit	$107M	$88M	+21.4%
Operating Income	$49M	$33M	+50.0%
Net Income	$33M	$18M	+82.9%

Revenue Segments

Occupancy

$286M92%

Hotel Other

$13M4%

Food And Beverage

$13M4%