$APLE
Apple Hospitality REIT, Inc.

2022 Q3 Form 10-Q Financial Statement

#000156459022028017 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $341.2M $337.7M $260.5M
YoY Change 23.09% 36.48% 64.12%
Cost Of Revenue $193.1M $182.5M $154.0M
YoY Change 77.51% 34.79% 48.45%
Gross Profit $148.1M $155.2M $106.5M
YoY Change -12.06% 38.54% 93.69%
Gross Profit Margin 43.41% 45.95% 40.88%
Selling, General & Admin $85.22M $82.83M $72.59M
YoY Change 11.58% 25.08% 24.73%
% of Gross Profit 57.55% 53.39% 68.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $45.14M $45.32M $45.32M
YoY Change 2.08% -2.31% -6.93%
% of Gross Profit 30.48% 29.21% 42.57%
Operating Expenses $130.4M $128.2M $117.9M
YoY Change 8.1% 13.8% 10.41%
Operating Profit $75.41M $80.75M $32.84M
YoY Change 57.74% 107.1% -218.05%
Interest Expense -$14.93M -$15.20M -$14.65M
YoY Change -6.53% -18.37% -20.79%
% of Operating Profit -19.8% -18.82% -44.63%
Other Income/Expense, Net
YoY Change
Pretax Income $60.48M $65.55M $18.18M
YoY Change 89.74% 221.78% -139.24%
Income Tax $1.331M $202.0K $179.0K
% Of Pretax Income 2.2% 0.31% 0.98%
Net Earnings $59.15M $65.35M $18.00M
YoY Change 86.23% 222.17% -138.77%
Net Earnings / Revenue 17.34% 19.35% 6.91%
Basic Earnings Per Share $0.26 $0.29 $0.08
Diluted Earnings Per Share $0.26 $0.29 $78.62K
COMMON SHARES
Basic Shares Outstanding 228.9M 229.0M 229.0M
Diluted Shares Outstanding 229.0M 229.0M 229.0M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.57M $1.598M $636.0K
YoY Change -35.15% -44.88% -89.03%
Cash & Equivalents $25.57M $1.598M $41.20M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $65.11M $66.43M $60.56M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $90.68M $68.03M $61.20M
YoY Change -1.17% 18.94% 37.21%
LONG-TERM ASSETS
Property, Plant & Equipment $4.567B $4.603B $4.640B
YoY Change 0.56% 3.21% -1.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $38.82M $45.65M $40.57M
YoY Change 12.7% -80.92% 14.92%
Total Long-Term Assets $4.687B $4.709B $4.730B
YoY Change 1.6% -0.56% -1.07%
TOTAL ASSETS
Total Short-Term Assets $90.68M $68.03M $61.20M
Total Long-Term Assets $4.687B $4.709B $4.730B
Total Assets $4.778B $4.777B $4.791B
YoY Change 1.54% -0.32% -0.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $78.22M $59.27M $55.55M
YoY Change -18.59% -23.3% -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 $94.22M $70.67M $66.95M
YoY Change -4.24% -11.19% -16.42%
LONG-TERM LIABILITIES
Long-Term Debt $1.430B $1.485B $1.545B
YoY Change -3.25% -8.28% -11.41%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.430B $1.485B $1.545B
YoY Change -3.25% -8.28% -11.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $94.22M $70.67M $66.95M
Total Long-Term Liabilities $1.430B $1.485B $1.545B
Total Liabilities $1.525B $1.555B $1.612B
YoY Change -3.31% -8.41% -11.63%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $4.579B $4.580B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.253B $3.222B $3.179B
YoY Change
Total Liabilities & Shareholders Equity $4.778B $4.777B $4.791B
YoY Change 1.54% -0.32% -0.72%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $59.15M $65.35M $18.00M
YoY Change 86.23% 222.17% -138.77%
Depreciation, Depletion And Amortization $45.14M $45.32M $45.32M
YoY Change 2.08% -2.31% -6.93%
Cash From Operating Activities $121.0M $113.1M $39.06M
YoY Change 25.26% 118.12% -1947.82%
INVESTING ACTIVITIES
Capital Expenditures -$9.902M -$11.43M -$13.59M
YoY Change 133.98% 375.19% 443.44%
Acquisitions
YoY Change
Other Investing Activities $6.691M $0.00 $0.00
YoY Change -88.87% -100.0% -100.0%
Cash From Investing Activities -$3.211M -$11.43M -$13.59M
YoY Change -105.75% -2704.33% -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 -100.6M -95.67M -24.22M
YoY Change -10.69% 76.62% -163.81%
NET CHANGE
Cash From Operating Activities 121.0M 113.1M 39.06M
Cash From Investing Activities -3.211M -11.43M -13.59M
Cash From Financing Activities -100.6M -95.67M -24.22M
Net Change In Cash 17.15M 6.044M 1.255M
YoY Change -56.88% -426.0% -19.4%
FREE CASH FLOW
Cash From Operating Activities $121.0M $113.1M $39.06M
Capital Expenditures -$9.902M -$11.43M -$13.59M
Free Cash Flow $130.9M $124.6M $52.65M
YoY Change 29.83% 129.52% 13539.64%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
CY2022Q2 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2022-06-30
aple Stock Repurchase Program Extended Term
StockRepurchaseProgramExtendedTerm
P1Y
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
224772000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
228992000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
224255000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
20283000
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
10619000
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-1356000
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
75964000
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
18927000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
228998000
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
800000000
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
228886273
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
228255642
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
4579590000
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
22330000
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-15508000
CY2022Q2 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
1380294000
CY2021Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
1406523000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
337668000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
247404000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
598146000
CY2022Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
182515000
CY2021Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
135410000
CY2022Q2 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
18779000
CY2021Q2 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
17321000
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10307000
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8435000
CY2022Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0
CY2021Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
45322000
CY2021Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
46386000
CY2022Q2 us-gaap Costs And Expenses
CostsAndExpenses
256923000
CY2021Q2 us-gaap Costs And Expenses
CostsAndExpenses
207552000
CY2022Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
CY2021Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-864000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
80745000
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
38988000
CY2022Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-15198000
CY2021Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-18618000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
65547000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20370000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
83728000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
202000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
87000
CY2021Q2 us-gaap Dividends Common Stock
DividendsCommonStock
2279000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
3094323000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
3147321000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
228998000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
224772000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
228992000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
224255000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
3179107000
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
997000
CY2022Q2 aple Equity Issuance Costs
EquityIssuanceCosts
20000
CY2022Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
145000
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
10619000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
65345000
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
10589000
aple Equity Issuance Costs
EquityIssuanceCosts
206000
CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
34277000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
3221626000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
3001765000
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
843000
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
145000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
37838000
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
75067000
us-gaap Repayments Of Debt
RepaymentsOfDebt
132060000
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-1356000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
20283000
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.01
us-gaap Net Income Loss
NetIncomeLoss
83347000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
us-gaap Dividends Common Stock
DividendsCommonStock
57118000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
3221626000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
3029347000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5847000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
75066000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
14726000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.02
us-gaap Dividends Common Stock
DividendsCommonStock
4511000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
3094323000
us-gaap Net Income Loss
NetIncomeLoss
83347000
us-gaap Net Income Loss
NetIncomeLoss
-26152000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
90646000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
95096000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
10754000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
3620000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4328000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-5493000
aple Increase Decrease In Due From Third Party Managers
IncreaseDecreaseInDueFromThirdPartyManagers
26377000
aple Increase Decrease In Due From Third Party Managers
IncreaseDecreaseInDueFromThirdPartyManagers
32157000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
5371000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-145000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5636000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
214000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
152209000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
49773000
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
49345000
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
2375000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
25019000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
4906000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
22765000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-25019000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-33861000
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
-185000
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
75066000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
145000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4415000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1650000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
47962000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2232000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-10000000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-23800000
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
75000000
us-gaap Repayments Of Debt
RepaymentsOfDebt
62049000
CY2022Q2 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-1564000
CY2021Q2 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-2775000
CY2022Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
8700000
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
9055000
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-4131000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
55000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
69000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1501000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-119891000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-16166000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7299000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-254000
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
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
47248000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
34114000
us-gaap Interest Paid
InterestPaid
28527000
us-gaap Interest Paid
InterestPaid
35336000
CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
11420000
CY2021Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
2279000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3282000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1598000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2899000
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
45650000
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
31215000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47248000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34114000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2022Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
219
CY2022Q2 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
28748
CY2022Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
36
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:10pt;margin-bottom:0pt;text-indent:2.27%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.</p>
CY2022Q2 us-gaap Unsecured Debt
UnsecuredDebt
941088000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
33519000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
9236000
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-4319000
CY2021Q4 us-gaap Unsecured Debt
UnsecuredDebt
865189000
CY2022Q2 us-gaap Secured Debt
SecuredDebt
365550000
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-5490000
CY2021Q4 us-gaap Secured Debt
SecuredDebt
497569000
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
1372638000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1438758000
CY2022Q2 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
28748
CY2022Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
36
aple Number Of Units In Real Estate Property1
NumberOfUnitsInRealEstateProperty1
2493
CY2022Q2 us-gaap Line Of Credit
LineOfCredit
66000000
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.15
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.21
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
76000000
CY2022Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6005061000
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5988447000
CY2022Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1401817000
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1311262000
CY2022Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4603244000
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4677185000
CY2022Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
219
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
102770000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
296214000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
338597000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
245140000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
74649000
CY2022Q2 aple Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
319616000
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1376986000
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-867000
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5215000
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
1372638000
CY2022Q2 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
1260986000
CY2022Q2 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.92
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
CY2022Q2 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
116000000
CY2022Q2 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.08
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
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1376986000
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1444046000
CY2022Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0356
CY2021Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0338
CY2022Q2 us-gaap Secured Debt
SecuredDebt
365550000
CY2021Q4 us-gaap Secured Debt
SecuredDebt
497569000
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
1400000000
CY2022Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1300000000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1400000000
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1400000000
CY2022Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
34300000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
48000000.0
CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.01
CY2021Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2200000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2200000
CY2022Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.05
CY2022Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
11400000
CY2022Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-06-30
CY2022Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2022-07-15
CY2021Q4 aple Quarterly Distribution Rate
QuarterlyDistributionRate
0.01
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
2300000
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
345000000
aple Share Repurchase Program End Period
ShareRepurchaseProgramEndPeriod
2023-07
aple Stock Repurchased During Period Weighted Average Market Purchase Price Per Share
StockRepurchasedDuringPeriodWeightedAverageMarketPurchasePricePerShare
14.42
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
100000
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
344900000
dei Entity Central Index Key
EntityCentralIndexKey
0001418121
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
4569352000
us-gaap Costs And Expenses
CostsAndExpenses
398563000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
239150000
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
37458000
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
37009000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19945000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
16554000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
10754000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
90646000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
95096000
us-gaap Costs And Expenses
CostsAndExpenses
484566000
us-gaap Operating Income Loss
OperatingIncomeLoss
11174000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
406117000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
336517000
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Address Address Line1
EntityAddressAddressLine1
814 East Main Street
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
92672000
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
111776000
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
70668000
CY2022Q2 us-gaap Liabilities
Liabilities
1555226000
CY2021Q4 us-gaap Liabilities
Liabilities
1643206000
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
26-1379210
dei Entity Address City Or Town
EntityAddressCityOrTown
Richmond
CY2022Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1401817000
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
23219
dei City Area Code
CityAreaCode
804
dei Local Phone Number
LocalPhoneNumber
344-8121
dei Security12b Title
Security12bTitle
Common Shares, no par value
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
228878373
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4677185000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1598000
dei Entity Address State Or Province
EntityAddressStateOrProvince
VA
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-37389
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
VA
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1311262000
CY2022Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4603244000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3282000
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
45650000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
36667000
CY2022Q2 aple Due From Managers
DueFromManagers
66429000
CY2021Q4 aple Due From Managers
DueFromManagers
40052000
CY2022Q2 us-gaap Other Assets
OtherAssets
59931000
CY2021Q4 us-gaap Other Assets
OtherAssets
33341000
CY2022Q2 us-gaap Assets
Assets
4776852000
CY2021Q4 us-gaap Assets
Assets
4790527000
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
1372638000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1438758000
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
111920000
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q2 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
800000000
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
228886273
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
228255642
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
3221626000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
3147321000
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4776852000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4790527000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
65345000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
3620000
us-gaap Operating Income Loss
OperatingIncomeLoss
113580000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-29852000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-37131000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-25957000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
381000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
195000
us-gaap Net Income Loss
NetIncomeLoss
83347000
us-gaap Net Income Loss
NetIncomeLoss
-26152000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
37838000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
14726000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
121185000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-11426000
us-gaap Net Income Loss
NetIncomeLoss
-26152000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39949000
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
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34368000

Files In Submission

Name View Source Status
0001564590-22-028017-index-headers.html Edgar Link pending
0001564590-22-028017-index.html Edgar Link pending
0001564590-22-028017.txt Edgar Link pending
0001564590-22-028017-xbrl.zip Edgar Link pending
aple-10q_20220630.htm Edgar Link pending
aple-10q_20220630_htm.xml Edgar Link completed
aple-20220630.xsd Edgar Link pending
aple-20220630_cal.xml Edgar Link unprocessable
aple-20220630_def.xml Edgar Link unprocessable
aple-20220630_lab.xml Edgar Link unprocessable
aple-20220630_pre.xml Edgar Link unprocessable
aple-ex311_8.htm Edgar Link pending
aple-ex312_9.htm Edgar Link pending
aple-ex313_7.htm Edgar Link pending
aple-ex321_6.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
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
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.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