Below are the financial statements of Apple Hospitality REIT, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of USD | 2024 | 2023 | 2022 |
---|---|---|---|
Revenues | — | — | — |
Room | 1,298.53a | 1,226.16a | 1,139.44a |
Food and beverage | 65.8a | 56.97a | 46.01a |
Other | 67.14a | 60.67a | 52.97a |
Total revenue | 1,431.47a | 1,343.8a | 1,238.42a |
Hotel operating expense | — | — | — |
Operating | -357.35a | -332.71a | -300.85a |
Hotel administrative | -123.09a | -114.07a | -105.4a |
Sales and marketing | -126.94a | -117.54a | -104.76a |
Utilities | -50.07a | -47.42a | -45.02a |
Repair and maintenance | -69.7a | -65.41a | -58.73a |
Franchise fees | -64.02a | -59.32a | -53.9a |
Management fees | -46.72a | -44.25a | -41.83a |
Total hotel operating expense | -837.87a | -780.73a | -710.48a |
Expenses | — | — | — |
Property taxes, insurance and other | -84.38a | -79.31a | -72.91a |
General and administrative | -42.54a | -47.4a | -42.46a |
Impairment of depreciable real estate | -3.06a | -5.64a | -26.18a |
Depreciation and amortization | -190.6a | -183.24a | -181.7a |
Total expense | -1,158.45a | -1,096.32a | -1,033.72a |
Gain on sale of real estate | 19.74a | 0a | 1.79a |
Operating income | 292.76a | 247.48a | 206.48a |
Interest and other expense, net | -77.75a | -68.86a | -59.73a |
Income before income taxes | 215.01a | 178.62a | 146.75a |
Income tax expense | -0.95a | -1.14a | -1.94a |
Net income | 214.06a | 177.49a | 144.81a |
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