APLE Q2 2023 Earnings — Apple Hospitality REIT, Inc. Revenue & Financial Results | Market Cap Arena

APLEApple Hospitality REIT, Inc.

$3B

Q2 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$362M+7.1% YoY

Gross Profit

$141M39.0% margin

Operating Income

$83M23.0% margin

Net Income

$65M18.1% margin

EPS (Diluted)

$0.29

QoQ Revenue Growth

+16.1%

Cash Flow

Operating Cash Flow

$119M

Free Cash Flow

$108M

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	$362M	$338M	+7.1%
Gross Profit	$141M	$136M	+3.5%
Operating Income	$83M	$81M	+2.8%
Net Income	$65M	$65M	-0.1%

Revenue Segments

Occupancy

$331M92%

Food and Beverage

$16M4%

Hotel, Other

$15M4%