$APLE
Apple Hospitality REIT, Inc.

2023 Q2 Form 10-Q Financial Statement

#000095017023016692 Filed on May 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $361.6M $311.5M $260.5M
YoY Change 7.1% 19.57% 64.12%
Cost Of Revenue $200.5M $185.2M $154.0M
YoY Change 9.86% 20.24% 48.45%
Gross Profit $161.1M $126.3M $106.5M
YoY Change 3.84% 18.61% 93.69%
Gross Profit Margin 44.55% 40.55% 40.88%
Selling, General & Admin $91.61M $84.98M $72.59M
YoY Change 10.6% 17.06% 24.73%
% of Gross Profit 56.86% 67.29% 68.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $45.99M $45.91M $45.32M
YoY Change 1.48% 1.28% -6.93%
% of Gross Profit 28.55% 36.35% 42.57%
Operating Expenses $137.6M $130.9M $117.9M
YoY Change 7.37% 11.0% 10.41%
Operating Profit $83.03M $49.25M $32.84M
YoY Change 2.83% 49.98% -218.05%
Interest Expense -$17.50M -$16.00M -$14.65M
YoY Change 15.14% 9.21% -20.79%
% of Operating Profit -21.08% -32.5% -44.63%
Other Income/Expense, Net
YoY Change
Pretax Income $65.53M $33.24M $18.18M
YoY Change -0.03% 82.84% -139.24%
Income Tax $241.0K $320.0K $179.0K
% Of Pretax Income 0.37% 0.96% 0.98%
Net Earnings $65.29M $32.92M $18.00M
YoY Change -0.09% 82.89% -138.77%
Net Earnings / Revenue 18.05% 10.57% 6.91%
Basic Earnings Per Share $0.29 $0.14 $0.08
Diluted Earnings Per Share $0.29 $0.14 $78.62K
COMMON SHARES
Basic Shares Outstanding 229.0M 228.7M 229.0M
Diluted Shares Outstanding 229.0M 229.4M 229.0M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.420M $6.093M $636.0K
YoY Change 301.75% 858.02% -89.03%
Cash & Equivalents $6.420M $6.093M $41.20M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $67.47M $71.12M $60.56M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $73.89M $77.21M $61.20M
YoY Change 8.62% 26.17% 37.21%
LONG-TERM ASSETS
Property, Plant & Equipment $4.580B $4.583B $4.640B
YoY Change -0.5% -1.22% -1.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $31.76M $32.69M $40.57M
YoY Change -30.44% -19.43% 14.92%
Total Long-Term Assets $4.693B $4.684B $4.730B
YoY Change -0.33% -0.97% -1.07%
TOTAL ASSETS
Total Short-Term Assets $73.89M $77.21M $61.20M
Total Long-Term Assets $4.693B $4.684B $4.730B
Total Assets $4.767B $4.761B $4.791B
YoY Change -0.2% -0.62% -0.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $69.53M $60.42M $55.55M
YoY Change 17.31% 8.76% -28.69%
Accrued Expenses
YoY Change
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 $87.83M $78.72M $66.95M
YoY Change 24.28% 17.58% -16.42%
LONG-TERM LIABILITIES
Long-Term Debt $1.511B $1.530B $1.545B
YoY Change 1.81% -1.0% -11.41%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.511B $1.530B $1.545B
YoY Change 1.81% -1.0% -11.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $87.83M $78.72M $66.95M
Total Long-Term Liabilities $1.511B $1.530B $1.545B
Total Liabilities $1.599B $1.608B $1.612B
YoY Change 2.83% -0.22% -11.63%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $4.579B $4.582B
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.168B $3.153B $3.179B
YoY Change
Total Liabilities & Shareholders Equity $4.767B $4.761B $4.791B
YoY Change -0.2% -0.62% -0.72%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $65.29M $32.92M $18.00M
YoY Change -0.09% 82.89% -138.77%
Depreciation, Depletion And Amortization $45.99M $45.91M $45.32M
YoY Change 1.48% 1.28% -6.93%
Cash From Operating Activities $118.9M $51.69M $39.06M
YoY Change 5.06% 32.33% -1947.82%
INVESTING ACTIVITIES
Capital Expenditures $11.19M $23.90M -$13.59M
YoY Change -197.84% -275.91% 443.44%
Acquisitions
YoY Change
Other Investing Activities -$31.34M -$677.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$42.53M -$24.58M -$13.59M
YoY Change 271.97% 80.89% -60.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -76.95M -31.85M -24.22M
YoY Change -19.57% 31.48% -163.81%
NET CHANGE
Cash From Operating Activities 118.9M 51.69M 39.06M
Cash From Investing Activities -42.53M -24.58M -13.59M
Cash From Financing Activities -76.95M -31.85M -24.22M
Net Change In Cash -604.0K -4.733M 1.255M
YoY Change -109.99% -477.13% -19.4%
FREE CASH FLOW
Cash From Operating Activities $118.9M $51.69M $39.06M
Capital Expenditures $11.19M $23.90M -$13.59M
Free Cash Flow $107.7M $27.79M $52.65M
YoY Change -13.56% -47.21% 13539.64%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2023Q1 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2023-03-31
CY2023Q1 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2023Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023Q1 dei Entity File Number
EntityFileNumber
001-37389
CY2023Q1 us-gaap Debt Instrument Description Of Variable Rate Basis
DebtInstrumentDescriptionOfVariableRateBasis
SOFR rate plus SOFR spread adjustment rate
CY2023Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001418121
CY2023Q1 dei Amendment Flag
AmendmentFlag
false
CY2023Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2023-01-31
CY2023Q1 dei Document Type
DocumentType
10-Q
CY2023Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2023Q1 dei Entity Registrant Name
EntityRegistrantName
APPLE HOSPITALITY REIT, INC.
CY2023Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
VA
CY2023Q1 dei Document Period End Date
DocumentPeriodEndDate
2023-03-31
CY2023Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
800000000
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
800000000
CY2023Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
26-1379210
CY2023Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
814 East Main Street
CY2023Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Richmond
CY2023Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
VA
CY2023Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
23219
CY2023Q1 dei City Area Code
CityAreaCode
804
CY2023Q1 dei Local Phone Number
LocalPhoneNumber
344-8121
CY2023Q1 dei Security12b Title
Security12bTitle
Common Shares, no par value
CY2023Q1 dei Trading Symbol
TradingSymbol
APLE
CY2023Q1 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2023Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2023Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2023Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023Q1 dei Entity Shell Company
EntityShellCompany
false
CY2023Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
229013349
CY2023Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1537998000
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1492097000
CY2023Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4583497000
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4610962000
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6093000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4077000
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
32686000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
39435000
CY2023Q1 aple Due From Managers
DueFromManagers
71120000
CY2022Q4 aple Due From Managers
DueFromManagers
43331000
CY2023Q1 us-gaap Other Assets
OtherAssets
67855000
CY2022Q4 us-gaap Other Assets
OtherAssets
74909000
CY2023Q1 us-gaap Assets
Assets
4761251000
CY2022Q4 us-gaap Assets
Assets
4772714000
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
1417679000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1366249000
CY2023Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
111994000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
112006000
CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
78716000
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
116064000
CY2023Q1 us-gaap Liabilities
Liabilities
1608389000
CY2022Q4 us-gaap Liabilities
Liabilities
1594319000
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000
CY2023Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2023Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
229013349
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
229013349
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
228644861
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
228644861
CY2023Q1 us-gaap Common Stock Value
CommonStockValue
4581841000
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
4577022000
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
28775000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
36881000
CY2023Q1 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
1457754000
CY2022Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
1435508000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
3152862000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
3178395000
CY2023Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4761251000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4772714000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
311454000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
260478000
CY2023Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
185165000
CY2022Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
154002000
CY2023Q1 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
19675000
CY2022Q1 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
18679000
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11461000
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9638000
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
45906000
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
45324000
CY2023Q1 us-gaap Costs And Expenses
CostsAndExpenses
262207000
CY2022Q1 us-gaap Costs And Expenses
CostsAndExpenses
227643000
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
49247000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
32835000
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-16004000
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-14654000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
33243000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
18181000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
320000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
179000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
32923000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
18002000
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-8106000
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
27219000
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
24817000
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
45221000
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
229398000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
229398000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
228986000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
228986000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
3178395000
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
8405000
CY2023Q1 aple Equity Issuance Costs
EquityIssuanceCosts
29000
CY2023Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
3557000
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-8106000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
32923000
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.24
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
55169000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
3152862000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
3147321000
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
9592000
CY2022Q1 aple Equity Issuance Costs
EquityIssuanceCosts
186000
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
27219000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
18002000
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
22841000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
3179107000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
32923000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
18002000
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
45906000
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
45324000
CY2023Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2013000
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2174000
CY2023Q1 aple Increase Decrease In Due From Third Party Managers
IncreaseDecreaseInDueFromThirdPartyManagers
27789000
CY2022Q1 aple Increase Decrease In Due From Third Party Managers
IncreaseDecreaseInDueFromThirdPartyManagers
20508000
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
745000
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3308000
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-617000
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2621000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
51691000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39063000
CY2023Q1 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
677000
CY2023Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
23899000
CY2022Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
13586000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-24576000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13586000
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3557000
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5742000
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4415000
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
73399000
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
13701000
CY2023Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
15000
CY2022Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
23000
CY2023Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
40500000
CY2022Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
500000
CY2023Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
50000000
CY2023Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
39568000
CY2022Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
6556000
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
67000
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
27000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-31848000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-24222000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4733000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1255000
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
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38779000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41204000
CY2023Q1 us-gaap Interest Paid
InterestPaid
15605000
CY2022Q1 us-gaap Interest Paid
InterestPaid
13849000
CY2023Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
18296000
CY2022Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
11420000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4077000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3282000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
39435000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
36667000
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
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6093000
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
636000
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
32686000
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
40568000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
38779000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
41204000
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2023Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
220
CY2023Q1 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
28984
CY2023Q1 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
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<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: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><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: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 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>
CY2023Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6121495000
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6103059000
CY2023Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1537998000
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1492097000
CY2023Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4583497000
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4610962000
CY2023Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
220
CY2023Q1 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
28984
CY2023Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
37
CY2022Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
225000000
CY2023Q1 us-gaap Line Of Credit
LineOfCredit
40500000
CY2023Q1 us-gaap Unsecured Debt
UnsecuredDebt
1087866000
CY2022Q4 us-gaap Unsecured Debt
UnsecuredDebt
1037384000
CY2023Q1 us-gaap Secured Debt
SecuredDebt
289313000
CY2022Q4 us-gaap Secured Debt
SecuredDebt
328865000
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
1417679000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1366249000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
56645000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
113597000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
245140000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
115149000
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
278602000
CY2023Q1 aple Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
616014000
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1425147000
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-776000
CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8244000
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
1417679000
CY2023Q1 aple Sofr Spread Adjustment Rate
SOFRSpreadAdjustmentRate
0.0010
CY2023Q1 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
1109647000
CY2023Q1 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.78
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
CY2023Q1 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
315500000
CY2023Q1 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.22
CY2022Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.16
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1425147000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1374215000
CY2023Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0430
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0393
CY2023Q1 us-gaap Secured Debt
SecuredDebt
289313000
CY2022Q4 us-gaap Secured Debt
SecuredDebt
328865000
CY2023Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1400000000
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
1400000000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1400000000
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1300000000
CY2023Q1 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
28775000
CY2022Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
36881000
CY2023Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
16600000
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-3091000
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
24464000
CY2023Q1 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
5015000
CY2022Q1 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-2755000
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.32
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
73400000
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.06
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
13700000
CY2023Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.08
CY2023Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
18300000
CY2023Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2023-04-17
CY2022Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.08
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
36600000
CY2023Q1 aple Stock Repurchase Program Extended Term
StockRepurchaseProgramExtendedTerm
P1Y
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
345000000
CY2023Q1 aple Share Repurchase Program End Period
ShareRepurchaseProgramEndPeriod
2023-07
CY2023Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
300000
CY2023Q1 aple Stock Repurchased During Period Weighted Average Market Purchase Price Per Share
StockRepurchasedDuringPeriodWeightedAverageMarketPurchasePricePerShare
14.22
CY2023Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
3600000
CY2023Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
338800000

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0000950170-23-016692-index-headers.html Edgar Link pending
0000950170-23-016692-index.html Edgar Link pending
0000950170-23-016692.txt Edgar Link pending
0000950170-23-016692-xbrl.zip Edgar Link pending
aple-20230331.htm Edgar Link pending
aple-20230331.xsd Edgar Link pending
aple-ex31_1.htm Edgar Link pending
aple-20230331_cal.xml Edgar Link unprocessable
aple-20230331_def.xml Edgar Link unprocessable
aple-20230331_lab.xml Edgar Link unprocessable
aple-20230331_pre.xml Edgar Link unprocessable
aple-20230331_htm.xml Edgar Link completed
aple-ex31_2.htm Edgar Link pending
aple-ex31_3.htm Edgar Link pending
aple-ex32_1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending