Apple Hospitality REIT (APLE) Q3 2025 TL;DR
Financial performance contracted year-over-year. Nine-month Net Income fell to \(145.7M (vs. \)184.2M in 2024), with Comparable Hotels RevPAR declining 1.4% YTD due to lower occupancy. Adjusted Hotel EBITDA decreased from \(400.6M to \)375.9M.
Balance Sheet and Debt: Total Assets declined slightly, offset by a fourfold increase in cash. Net Debt grew to $1.51B, with variable-rate debt increasing to 32% of the total structure and the Weighted Average Interest Rate rising to 4.82%. Management executed a significant Q3 debt restructuring: repaying
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