APLE Q3 2024 Earnings — Apple Hospitality REIT, Inc. Revenue & Financial Results | Market Cap Arena

APLEApple Hospitality REIT, Inc.

$3B

Q3 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$379M+5.7% YoY

Gross Profit

$138M36.4% margin

Operating Income

$78M20.5% margin

Net Income

$56M14.9% margin

EPS (Diluted)

$0.23

QoQ Revenue Growth

-2.9%

Cash Flow

Operating Cash Flow

$128M

Free Cash Flow

$173M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$5.0B

Total Liabilities

$1.7B

Stockholders' Equity

$3.3B

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$379M	$358M	+5.7%
Gross Profit	$138M	$133M	+3.8%
Operating Income	$78M	$76M	+1.9%
Net Income	$56M	$59M	-3.8%

Revenue Segments

Occupancy

$346M91%

Hotel, Other

$17M4%

Food and Beverage

$16M4%