APLE Q2 2024 Earnings — Apple Hospitality REIT, Inc. Revenue & Financial Results | Market Cap Arena

APLEApple Hospitality REIT, Inc.

$3B

Q2 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$390M+7.9% YoY

Gross Profit

$152M38.9% margin

Operating Income

$94M24.0% margin

Net Income

$74M19.0% margin

EPS (Diluted)

$0.31

QoQ Revenue Growth

+18.4%

Cash Flow

Operating Cash Flow

$127M

Free Cash Flow

$114M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$5.1B

Total Liabilities

$1.7B

Stockholders' Equity

$3.3B

Cash & Equivalents

$7M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$390M	$362M	+7.9%
Gross Profit	$152M	$141M	+7.6%
Operating Income	$94M	$83M	+12.6%
Net Income	$74M	$65M	+13.2%

Revenue Segments

Occupancy

$354M91%

Hotel, Other

$19M5%

Food and Beverage

$18M5%