APLE Q1 2024 Earnings — Apple Hospitality REIT, Inc. Revenue & Financial Results | Market Cap Arena

APLEApple Hospitality REIT, Inc.

$3B

Q1 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$330M+5.8% YoY

Gross Profit

$111M33.8% margin

Operating Income

$72M21.7% margin

Net Income

$54M16.4% margin

EPS (Diluted)

$0.22

QoQ Revenue Growth

+5.5%

Cash Flow

Operating Cash Flow

$55M

Free Cash Flow

$23M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$5.0B

Total Liabilities

$1.7B

Stockholders' Equity

$3.3B

Cash & Equivalents

$5M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$330M	$311M	+5.8%
Gross Profit	$111M	$107M	+4.4%
Operating Income	$72M	$49M	+45.4%
Net Income	$54M	$33M	+64.2%

Revenue Segments

Occupancy

$299M91%

Hotel, Other

$16M5%

Food and Beverage

$15M5%