$APLE
Apple Hospitality REIT, Inc.

2023 Q1 Form 10-K Financial Statement

#000095017023003449 Filed on February 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $311.5M $299.1M $1.238B
YoY Change 19.57% 19.37% 32.61%
Cost Of Revenue $185.2M $129.5M $710.5M
YoY Change 20.24% 21.92% 31.04%
Gross Profit $126.3M $169.6M $527.9M
YoY Change 18.61% 17.49% 34.78%
Gross Profit Margin 40.55% 56.71% 42.63%
Selling, General & Admin $84.98M $80.04M $320.7M
YoY Change 17.06% 12.54% 17.94%
% of Gross Profit 67.29% 47.19% 60.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $45.91M $45.92M $181.7M
YoY Change 1.28% 1.68% -1.5%
% of Gross Profit 36.35% 27.07% 34.42%
Operating Expenses $130.9M $126.0M $502.4M
YoY Change 11.0% 8.32% 10.08%
Operating Profit $49.25M $43.66M $206.5M
YoY Change 49.98% 55.45% -419.22%
Interest Expense -$16.00M -$14.95M -$59.73M
YoY Change 9.21% 2.1% -11.83%
% of Operating Profit -32.5% -34.23% -28.93%
Other Income/Expense, Net
YoY Change
Pretax Income $33.24M $2.540M $146.7M
YoY Change 82.84% -81.02% 660.49%
Income Tax $320.0K $228.0K $1.900M
% Of Pretax Income 0.96% 8.98% 1.29%
Net Earnings $32.92M $2.312M $144.8M
YoY Change 82.89% -82.51% 669.09%
Net Earnings / Revenue 10.57% 0.77% 11.69%
Basic Earnings Per Share $0.14 $0.63
Diluted Earnings Per Share $0.14 $0.01 $0.63
COMMON SHARES
Basic Shares Outstanding 228.7M 228.8M 228.9M
Diluted Shares Outstanding 229.4M 228.9M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.093M $4.077M $4.077M
YoY Change 858.02% 24.22% 24.22%
Cash & Equivalents $6.093M $4.077M $4.077M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $71.12M $43.33M $43.33M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $77.21M $47.41M $47.41M
YoY Change 26.17% 9.4% 9.4%
LONG-TERM ASSETS
Property, Plant & Equipment $4.583B $4.611B $4.637B
YoY Change -1.22% -1.98% -1.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $32.69M $39.44M $39.44M
YoY Change -19.43% 7.55% 7.55%
Total Long-Term Assets $4.684B $4.725B $4.725B
YoY Change -0.97% -0.46% -0.46%
TOTAL ASSETS
Total Short-Term Assets $77.21M $47.41M $47.41M
Total Long-Term Assets $4.684B $4.725B $4.725B
Total Assets $4.761B $4.773B $4.773B
YoY Change -0.62% -0.37% -0.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $60.42M $116.1M $104.2M
YoY Change 8.76% 43.9% 29.21%
Accrued Expenses $11.85M
YoY Change -1.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $78.72M $116.1M $116.1M
YoY Change 17.58% 25.24% 25.24%
LONG-TERM LIABILITIES
Long-Term Debt $1.530B $1.478B $1.478B
YoY Change -1.0% -4.66% -4.66%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.530B $1.478B $1.478B
YoY Change -1.0% -4.66% -4.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $78.72M $116.1M $116.1M
Total Long-Term Liabilities $1.530B $1.478B $1.478B
Total Liabilities $1.608B $1.594B $1.594B
YoY Change -0.22% -2.98% -2.98%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $4.582B $4.577B
YoY Change 0.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.153B $3.178B $3.178B
YoY Change
Total Liabilities & Shareholders Equity $4.761B $4.773B $4.773B
YoY Change -0.62% -0.37% -0.37%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $32.92M $2.312M $144.8M
YoY Change 82.89% -82.51% 669.09%
Depreciation, Depletion And Amortization $45.91M $45.92M $181.7M
YoY Change 1.28% 1.68% -1.5%
Cash From Operating Activities $51.69M $95.25M $368.4M
YoY Change 32.33% 33.77% 69.35%
INVESTING ACTIVITIES
Capital Expenditures $23.90M $24.46M $59.38M
YoY Change -275.91% -366.57% -424.25%
Acquisitions
YoY Change
Other Investing Activities -$677.0K -$83.23M -$76.53M
YoY Change -49.1% -42.18%
Cash From Investing Activities -$24.58M -$107.7M -$135.9M
YoY Change 80.89% -37.64% -9.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.675M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -31.85M -8.447M -229.0M
YoY Change 31.48% -112.5% 273.54%
NET CHANGE
Cash From Operating Activities 51.69M 95.25M 368.4M
Cash From Investing Activities -24.58M -107.7M -135.9M
Cash From Financing Activities -31.85M -8.447M -229.0M
Net Change In Cash -4.733M -20.88M 3.563M
YoY Change -477.13% -38.45% -36.16%
FREE CASH FLOW
Cash From Operating Activities $51.69M $95.25M $368.4M
Capital Expenditures $23.90M $24.46M $59.38M
Free Cash Flow $27.79M $70.79M $309.1M
YoY Change -47.21% -11.92% 31.03%

Facts In Submission

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OtherNoncashIncomeExpense
-10284000
CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-8859000
CY2022 aple Increase Decrease In Due From Third Party Managers
IncreaseDecreaseInDueFromThirdPartyManagers
3436000
CY2021 aple Increase Decrease In Due From Third Party Managers
IncreaseDecreaseInDueFromThirdPartyManagers
18113000
CY2020 aple Increase Decrease In Due From Third Party Managers
IncreaseDecreaseInDueFromThirdPartyManagers
-4795000
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1685000
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-846000
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
580000
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
14022000
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
14088000
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-7168000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
368446000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
217562000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
26728000
CY2022 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
84827000
CY2021 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
362486000
CY2020 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
88677000
CY2021 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
893000
CY2020 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-476000
CY2022 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
59376000
CY2021 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
18312000
CY2020 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
48559000
CY2022 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
8293000
CY2021 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
231008000
CY2020 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
54499000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-135910000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-150683000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-82261000
CY2022 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
-265000
CY2021 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
75000000
CY2020 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
-377000
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
139467000
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6797000
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2675000
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
14336000
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
67378000
CY2022 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-76000000
CY2021 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-29800000
CY2020 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
54900000
CY2022 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
175000000
CY2020 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
50000000
CY2020 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
81520000
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
168831000
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
70724000
CY2020 us-gaap Repayments Of Debt
RepaymentsOfDebt
44268000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
173000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
24045000
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
10229000
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1587000
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2289000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-228973000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-61298000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
55240000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3563000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5581000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-293000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
39949000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
34368000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
34661000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
43512000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
39949000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
34368000
CY2022 us-gaap Interest Paid
InterestPaid
57721000
CY2021 us-gaap Interest Paid
InterestPaid
63149000
CY2020 us-gaap Interest Paid
InterestPaid
63531000
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
1699000
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
637000
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
980000
CY2021 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
56000000
CY2020 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
20551000
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
36551000
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
2281000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3282000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5556000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
36667000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
28812000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
34661000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39949000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34368000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34661000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4077000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3282000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5556000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
39435000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
36667000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
28812000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43512000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39949000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34368000
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2022Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
220
CY2022Q4 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
28983
CY2022Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
37
CY2022 us-gaap Property Plant And Equipment Cost Capitalization
PropertyPlantAndEquipmentCostCapitalization
The Company considers expenditures to be capital in nature based on the following criteria: (1) for a single asset, the cost must be at least $500, including all normal and necessary costs to place the asset in service, and the useful life must be at least one year; (2) for group purchases of 10 or more identical assets, the unit cost for each asset must be at least $50, including all normal and necessary costs to place the asset in service, and the useful life must be at least one year; and (3) for major repairs to a single asset, the repair must be at least $2,500 and the useful life of the asset must be substantially extended.
CY2022 aple Hotel Property Initial Hold Period
HotelPropertyInitialHoldPeriod
P39Y
CY2022 aple Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
0
CY2020 aple Number Of Units In Real Estate Property1
NumberOfUnitsInRealEstateProperty1
421
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
26200000
CY2021 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
10800000
CY2020 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
5100000
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-indent:2.267%;font-size:10.0pt;margin-top:10.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Reclassifications</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:10.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Certain prior period amounts in the consolidated financial statements have been reclassified to conform to the current period presentation with no effect on previously reported net income or shareholders’ equity.</span></p>
CY2022 aple Real Estate Investment Trust Qualification Description
RealEstateInvestmentTrustQualificationDescription
To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it distribute at least 90% of its REIT taxable income, subject to certain adjustments and excluding any net capital gain, to shareholders. If the Company fails to qualify as a REIT in any taxable year, it will be subject to federal income tax on its taxable income at regular corporate income tax rates and generally will be unable to re-elect REIT status until the fifth calendar year after the year in which it failed to qualify as a REIT, unless it satisfies certain relief provisions. The Company intends to adhere to the REIT qualification requirements and to maintain its qualification for taxation as a REIT.
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-left:2.267%;text-indent:0.0%;font-size:10.0pt;margin-top:10.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:10.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of the financial statements in conformity with accounting principles generally accepted in the U.S. ("GAAP") requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</span></p>
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6103059000
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5988447000
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1492097000
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1311262000
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4610962000
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4677185000
CY2022Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
220
CY2022Q4 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
28983
CY2022Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
37
CY2022Q4 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
50000000
CY2022Q4 aple Term Loan Facility Maximum Borrowing Capacity
TermLoanFacilityMaximumBorrowingCapacity
575000000
CY2021 aple Number Of Units In Real Estate Property1
NumberOfUnitsInRealEstateProperty1
2493
CY2022Q4 us-gaap Unsecured Debt
UnsecuredDebt
1037384000
CY2021Q4 us-gaap Unsecured Debt
UnsecuredDebt
865189000
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
76000000
CY2022Q4 us-gaap Secured Debt
SecuredDebt
328865000
CY2021Q4 us-gaap Secured Debt
SecuredDebt
497569000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1366249000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1438758000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
96214000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
113597000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
245140000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
74649000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
278602000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
566013000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1374215000
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-819000
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8785000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1366249000
CY2022 us-gaap Debt Instrument Description Of Variable Rate Basis
DebtInstrumentDescriptionOfVariableRateBasis
plus a 0.10% SOFR spread adjustment
CY2022Q4 aple Sofr Spread Adjustment Rate
SOFRSpreadAdjustmentRate
0.0010
CY2022Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
1149215000
CY2022Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.84
CY2021Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
1318046000
CY2021Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.91
CY2022Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
225000000
CY2022Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.16
CY2021Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
126000000
CY2021Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.09
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1374215000
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1444046000
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0393
CY2021Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0338
CY2021Q3 us-gaap Debt Instrument Interest Rate Increase Decrease
DebtInstrumentInterestRateIncreaseDecrease
0.0015
CY2022Q3 aple Sofr Spread Adjustment Rate
SOFRSpreadAdjustmentRate
0.0010
CY2022Q4 us-gaap Secured Debt
SecuredDebt
328865000
CY2021Q4 us-gaap Secured Debt
SecuredDebt
497569000
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-200000
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-600000
CY2020 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-900000
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4000000.0
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4200000
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3800000
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1300000
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
300000
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
900000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1400000000
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1300000000
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1400000000
CY2022Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
36881000
CY2021Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
-15508000
CY2022Q4 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
18900000
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
52714000
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
15904000
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-45850000
CY2022 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
325000
CY2021 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-11390000
CY2020 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-7746000
CY2019 aple Annual Distribution Rate
AnnualDistributionRate
1.20
CY2021Q1 aple Quarterly Distribution Rate
QuarterlyDistributionRate
0.01
CY2021Q2 aple Quarterly Distribution Rate
QuarterlyDistributionRate
0.01
CY2021Q3 aple Quarterly Distribution Rate
QuarterlyDistributionRate
0.01
CY2021Q4 aple Quarterly Distribution Rate
QuarterlyDistributionRate
0.01
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2022Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.07
CY2022Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.08
CY2022 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.61
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.03
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.30
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
139500000
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6800000
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
67400000
CY2022Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.08
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
36600000
CY2021Q4 aple Quarterly Distribution Rate
QuarterlyDistributionRate
0.01
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
2300000
CY2022 aple Stock Repurchase Program Extended Term
StockRepurchaseProgramExtendedTerm
P1Y
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
345000000
CY2022 aple Share Repurchase Program End Period
ShareRepurchaseProgramEndPeriod
2023-07
CY2022 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
200000
CY2022 aple Stock Repurchased During Period Weighted Average Market Purchase Price Per Share
StockRepurchasedDuringPeriodWeightedAverageMarketPurchasePricePerShare
14.21
CY2022 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
2700000
CY2022Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
342300000
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000
CY2022 aple Compensation Arrangement By Cash And Share Based Payment Award Component Description
CompensationArrangementByCashAndShareBasedPaymentAwardComponentDescription
one-half (50%) of incentive compensation based on operational performance goals and metrics and one-half (50%) of incentive compensation based on shareholder return metrics. With respect to the shareholder return metrics, 75% of the target was based on shareholder return relative to a peer group and 25% was based on total shareholder return metrics over one-year, two-year, and three-year periods.
CY2022Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
220
CY2022 aple Number Of Hotels Operated By Manager
NumberOfHotelsOperatedByManager
220
CY2022 aple Percentage Of Real Estate Properties Operate Under Variable Management Fee Agreement
PercentageOfRealEstatePropertiesOperateUnderVariableManagementFeeAgreement
0.85
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
26348000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
27061000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
90030000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
93068000
CY2022Q4 aple Lease Right Of Use Asset
LeaseRightOfUseAsset
116378000
CY2021Q4 aple Lease Right Of Use Asset
LeaseRightOfUseAsset
120129000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
11849000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
12015000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
112006000
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
111776000
CY2022Q4 aple Lease Liability
LeaseLiability
123855000
CY2021Q4 aple Lease Liability
LeaseLiability
123791000
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P36Y
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P31Y
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0547
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0531
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
1794000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
1585000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
1509000
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3038000
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
5178000
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
6433000
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5872000
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
9415000
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
11402000
CY2022 us-gaap Lease Cost
LeaseCost
10704000
CY2021 us-gaap Lease Cost
LeaseCost
16178000
CY2020 us-gaap Lease Cost
LeaseCost
19344000
CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
8510000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1940000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
468000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
332000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
1166000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
1109000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
1295000
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
5469000
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
6568000
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
8048000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
173000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
24045000
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-34000
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-15000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1974000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
483000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
332000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1940000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
468000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
332000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1900000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
500000
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
30409000
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3954000
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-36373000
CY2022 aple Income Tax Reconciliation Federal Tax Impact Of Real Estate Investment Trust Election
IncomeTaxReconciliationFederalTaxImpactOfRealEstateInvestmentTrustElection
-27261000
CY2021 aple Income Tax Reconciliation Federal Tax Impact Of Real Estate Investment Trust Election
IncomeTaxReconciliationFederalTaxImpactOfRealEstateInvestmentTrustElection
4934000
CY2020 aple Income Tax Reconciliation Federal Tax Impact Of Real Estate Investment Trust Election
IncomeTaxReconciliationFederalTaxImpactOfRealEstateInvestmentTrustElection
27933000
CY2022 aple Income Tax Reconciliation Statutory Federal Tax Expense Benefit At Taxable Reit Subsidiary
IncomeTaxReconciliationStatutoryFederalTaxExpenseBenefitAtTaxableReitSubsidiary
3148000
CY2021 aple Income Tax Reconciliation Statutory Federal Tax Expense Benefit At Taxable Reit Subsidiary
IncomeTaxReconciliationStatutoryFederalTaxExpenseBenefitAtTaxableReitSubsidiary
8888000
CY2020 aple Income Tax Reconciliation Statutory Federal Tax Expense Benefit At Taxable Reit Subsidiary
IncomeTaxReconciliationStatutoryFederalTaxExpenseBenefitAtTaxableReitSubsidiary
-8440000
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1559000
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
382000
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
262000
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-2767000
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-8802000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
1
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
1
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
22000000
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.76
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.04
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.30
CY2022 aple Percentage Of Distribution Paid Characterized As Ordinary Income
PercentageOfDistributionPaidCharacterizedAsOrdinaryIncome
1
CY2021 aple Percentage Of Distribution Paid Characterized As Ordinary Income
PercentageOfDistributionPaidCharacterizedAsOrdinaryIncome
1
CY2020 aple Percentage Of Distribution Paid Characterized As Ordinary Income
PercentageOfDistributionPaidCharacterizedAsOrdinaryIncome
0
CY2022 aple Percentage Of Distribution Paid Characterized As Capital Gain Distributions
PercentageOfDistributionPaidCharacterizedAsCapitalGainDistributions
0
CY2021 aple Percentage Of Distribution Paid Characterized As Capital Gain Distributions
PercentageOfDistributionPaidCharacterizedAsCapitalGainDistributions
0
CY2020 aple Percentage Of Distribution Paid Characterized As Capital Gain Distributions
PercentageOfDistributionPaidCharacterizedAsCapitalGainDistributions
0
CY2022 aple Percentage Of Distribution Paid Characterized As Return Of Capital
PercentageOfDistributionPaidCharacterizedAsReturnOfCapital
0
CY2021 aple Percentage Of Distribution Paid Characterized As Return Of Capital
PercentageOfDistributionPaidCharacterizedAsReturnOfCapital
0
CY2020 aple Percentage Of Distribution Paid Characterized As Return Of Capital
PercentageOfDistributionPaidCharacterizedAsReturnOfCapital
1
CY2022 dei Auditor Firm
AuditorFirmId
42
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
5886363000
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
5764977000
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
5682550000
CY2022 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
86467000
CY2021 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
430155000
CY2020 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
104496000
CY2022 us-gaap Real Estate Improvements
RealEstateImprovements
61745000
CY2021 us-gaap Real Estate Improvements
RealEstateImprovements
25824000
CY2020 us-gaap Real Estate Improvements
RealEstateImprovements
37579000
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
7425000
CY2021 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
336905000
CY2020 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
57417000
CY2021 aple Real Estate Changesin Assets Heldfor Sale
RealEstateChangesinAssetsHeldforSale
13066000
CY2020 aple Real Estate Changesin Assets Heldfor Sale
RealEstateChangesinAssetsHeldforSale
2866000
CY2022 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
26175000
CY2021 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
10754000
CY2020 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
5097000
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
6000975000
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
5886363000
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
5764977000
CY2022Q4 aple Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
102084000
CY2021Q4 aple Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
102084000
CY2020Q4 aple Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
203617000
CY2022Q4 aple Real Estate Gross At Carrying Value Including Finance Lease Right Of Use Asset
RealEstateGrossAtCarryingValueIncludingFinanceLeaseRightOfUseAsset
6103059000
CY2021Q4 aple Real Estate Gross At Carrying Value Including Finance Lease Right Of Use Asset
RealEstateGrossAtCarryingValueIncludingFinanceLeaseRightOfUseAsset
5988447000
CY2020Q4 aple Real Estate Gross At Carrying Value Including Finance Lease Right Of Use Asset
RealEstateGrossAtCarryingValueIncludingFinanceLeaseRightOfUseAsset
5968594000
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1302246000
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1224832000
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1049996000
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
178641000
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
179275000
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
192346000
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
844000
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
109610000
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
13599000
CY2021 aple Real Estate Accumulated Depreciation Changesin Assets Heldfor Sale
RealEstateAccumulatedDepreciationChangesinAssetsHeldforSale
-7750000
CY2020 aple Real Estate Accumulated Depreciation Changesin Assets Heldfor Sale
RealEstateAccumulatedDepreciationChangesinAssetsHeldforSale
3911000
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1480043000
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1302246000
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1224832000
CY2022Q4 aple Accumulated Amortization Finance Lease Right Of Use Asset
AccumulatedAmortizationFinanceLeaseRightOfUseAsset
12054000
CY2021Q4 aple Accumulated Amortization Finance Lease Right Of Use Asset
AccumulatedAmortizationFinanceLeaseRightOfUseAsset
9016000
CY2020Q4 aple Accumulated Amortization Finance Lease Right Of Use Asset
AccumulatedAmortizationFinanceLeaseRightOfUseAsset
10866000
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1492097000
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1311262000
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1235698000
CY2022 aple Land Ownership Description
LandOwnershipDescription
Land is owned fee simple unless cost is $0, which means the property is subject to a ground lease.
CY2022Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
5600000000

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