Apple Hospitality raises 2026 net income outlook to $152 mln-$180 mln from prior guidance
Company lifts 2026 Adjusted EBITDAre guidance to $453 mln-$476 mln
Apple Hospitality now sees 2026 Comparable Hotels RevPAR growth of 2.25%-4.25%
Overview
US hotel REIT's Q2 net income rose 5%, with Comparable Hotels RevPAR up 5.3% yr/yr
Comparable Hotels Adjusted Hotel EBITDA grew nearly 10% from the prior year
Company refinanced and upsized its credit facility in July, extending maturities and improving pricing
Analyst coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized REITs peer group is "buy"
Wall Street's median 12-month price target for Apple Hospitality REIT Inc is $16.50, about 0.3% below its August 4 closing price of $16.55
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 17 three months ago
Result drivers and key details
- Co said broad-based improvements in business and leisure travel drove Q2 results
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