APLEApple Hospitality REIT, Inc.

$3B

Q3 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$358M+5.0% YoY

Gross Profit

$133M37.1% margin

Operating Income

$76M21.3% margin

Net Income

$59M16.3% margin

EPS (Diluted)

$0.26

QoQ Revenue Growth

-0.9%

Cash Flow

Operating Cash Flow

$132M

Free Cash Flow

$117M

Stock-Based Comp.

$700,000

Balance Sheet

Total Assets

$4.8B

Total Liabilities

$1.6B

Stockholders' Equity

$3.2B

Cash & Equivalents

$35M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$358M	$341M	+5.0%
Gross Profit	$133M	$129M	+3.0%
Operating Income	$76M	$75M	+1.2%
Net Income	$59M	$59M	-1.1%

Revenue Segments

Occupancy

$327M91%

Hotel, Other

$18M5%

Food and Beverage

$14M4%

APLE Q3 2023 Earnings — Apple Hospitality REIT, Inc. Revenue & Financial Results | Market Cap Arena