Apple Hospitality REIT (NYSE: APLE) is the income vehicle of hotel REITs: 216 young, rooms-focused select-service hotels (Hilton Garden Inn, Courtyard, Homewood) paying a monthly dividend at a ~7% yield, run with the most conservative balance sheet in lodging after Host.
| Apple Hospitality REIT (APLE) Snapshot | |
|---|---|
| Share Price (delayed) | $16.55 -0.06% |
| Market Cap | $3.9B |
| Annualized Dividend | $0.96 (Monthly) |
| Dividend Yield | 5.80% |
| AFFO Payout Ratio | 62% |
| Occupancy | 72.8% |
| Sector | Hotels ยท Select-Service |
Market data updates automatically several times daily. Last price refresh: Aug 04, 2026.
Business Model and Current State
Select-service is the highest-margin, lowest-volatility corner of hotels: no banquet halls, no restaurants to speak of, just rooms. Q1 2026: comparable RevPAR up 2.2% to $114.61 (accelerating past 4% in April), hotel EBITDA margin of 32.2%, MFFO of $0.34 per share (+3%), average effective portfolio age of just 5 years, and 57% of hotels facing zero new supply under construction nearby. Balance sheet: 3.4x net debt to EBITDA, 37% debt to capitalization, 207 unencumbered hotels, $559 million of revolver capacity.
Dividend Safety Analysis
$0.08 monthly ($0.96 annualized) against $1.55 of 2025 MFFO is roughly a 62% payout, the best-covered high yield in hotel REITs, backed by the sector’s second-best balance sheet. For monthly income from lodging, this is the grown-up option.
The Honest Risk Section
Still a hotel: nightly repricing means recessions hit immediately, and select-service RevPAR growth (2%) trails the luxury recovery. Yield is the return; don’t expect the portfolio to compound. Suspended in 2020 like all peers.
Frequently Asked Questions
Does Apple Hospitality pay monthly dividends?
Yes, $0.08 per share monthly ($0.96 annualized), roughly a 6 to 7% yield, covered at about 62% of MFFO with 3.4x leverage.
What hotels does APLE own?
216 upscale select-service hotels, mostly Hilton and Marriott brands, averaging just 5 years of effective age, spread across suburban and secondary U.S. markets.
Analysis based on Q1 2026 results (May 2026, SEC filings). Live market data updates automatically. Independent research, not investment advice.