Apple hospitality reit, inc (APLE)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues:
Other

-

-

-

-

-

-

-

-

-

-

-

-

23,532

-

21,202

20,296

18,337

20,282

18,577

19,383

18,339

19,086

18,053

19,196

11,679

8,765

8,301

9,457

8,130

8,622

7,753

9,063

8,538

7,784

7,366

7,323

6,169

3,754

3,375

Total hotel revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,627

Rental revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,343

Total revenue

238,010

289,971

331,722

341,117

303,787

295,255

332,197

344,714

298,389

289,067

324,926

331,704

292,925

282,431

276,471

257,636

224,487

213,033

240,555

234,374

210,352

202,323

231,884

232,568

137,121

90,779

100,237

104,572

92,403

86,732

93,653

97,110

88,091

78,402

85,668

84,392

72,038

43,782

40,970

Expenses:
Hotel operating expense

155,266

174,184

187,593

187,190

175,449

171,826

185,248

186,531

172,329

-

179,829

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property taxes, insurance and other

19,595

18,218

19,186

18,823

19,613

19,500

19,230

18,681

17,229

17,045

17,598

17,821

16,927

16,545

14,787

13,076

12,452

12,296

10,450

11,716

11,561

10,569

11,121

11,230

7,126

5,171

4,790

5,566

5,029

4,494

5,168

4,979

4,975

4,161

5,204

4,489

4,533

2,219

2,341

Operating ground lease

-

-

425

423

-

2,784

2,818

2,912

2,850

2,827

2,831

2,839

2,816

2,822

2,615

2,506

2,466

2,492

2,496

2,507

2,501

2,491

2,489

2,489

872

55

53

91

103

-

-

-

-

-

-

-

-

-

-

General and administrative

9,523

10,726

9,039

8,308

8,137

7,326

3,370

6,721

6,877

8,086

5,350

6,151

6,754

4,521

2,623

5,060

4,828

5,131

5,175

3,699

5,547

6,140

5,627

6,628

2,519

354

1,778

2,177

1,860

1,510

2,149

2,327

2,604

2,891

1,753

2,011

1,534

1,425

1,765

Loss on impairment of depreciable real estate assets

-

-

6,467

0

-

-

0

3,135

-

38,025

0

0

7,875

0

5,471

0

0

-

0

-

-

-

8,600

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

49,522

49,294

47,887

48,109

47,950

46,730

46,169

45,743

44,840

44,729

44,110

43,893

43,767

43,512

37,343

33,824

33,484

33,244

32,351

31,135

30,719

31,704

31,095

30,754

19,559

13,962

13,732

13,633

13,500

13,410

13,329

13,166

12,843

12,628

12,311

12,178

11,298

7,334

6,851

Transaction and litigation costs (reimbursements)

-

-

-

-

-

-

-

-

-

-

0

-2,586

-

-2,872

36,452

1,116

293

-710

842

5,825

1,224

-

707

1,776

-

1,135

1,908

136

0

-

-

-

-

-

-

-

-

-

-

Acquisition related costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

430

31

852

75

1,733

2,615

4,626

3,349

Merger transaction costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Transaction and potential listing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,110

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B convertible preferred share expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

117,133

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Total expense

233,906

253,232

270,597

262,853

251,149

248,166

256,835

263,723

244,125

279,794

249,718

248,130

246,593

229,402

252,628

192,998

180,735

221,860

184,147

182,210

174,065

173,189

189,829

180,885

227,668

74,452

79,420

78,459

72,916

71,238

73,721

74,107

69,925

67,399

68,724

67,514

61,270

41,676

35,432

Gain on sale of real estate

8,839

3,969

0

-161

1,213

152

0

0

0

-

-157

16,140

-

-

0

0

-

-72

0

-271

15,629

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income

12,943

40,708

61,125

78,103

53,851

47,241

75,362

80,991

54,264

25,725

75,051

83,574

46,332

52,876

23,843

64,638

43,752

-8,827

56,408

52,164

36,287

29,134

42,055

51,683

-90,547

16,327

20,817

26,113

19,487

15,494

19,932

23,003

18,166

11,003

16,944

16,878

10,768

2,106

5,538

Interest and other expense, net

-15,566

-15,081

-14,759

-15,857

-15,494

-12,916

-13,140

-13,210

-11,919

-11,753

-12,024

-11,849

-11,717

-11,507

-10,156

-9,560

-8,803

-8,867

-9,302

-7,226

-7,737

-6,326

-6,340

-7,333

-3,524

-1,745

-2,287

-2,229

-2,185

-2,081

-1,709

-1,579

-1,376

-1,328

-1,310

-1,198

-535

-263

-220

Income (loss) before income taxes

-2,623

25,627

46,366

62,246

38,357

34,325

62,222

67,781

42,345

-2,168

63,027

87,865

34,615

41,369

13,687

55,078

34,949

-17,766

47,106

44,667

44,179

22,808

35,715

44,350

-94,071

23,622

18,530

23,884

17,302

13,413

18,223

21,424

16,790

9,675

15,634

15,680

10,233

1,843

-

Income tax expense

146

174

143

156

206

173

100

151

163

135

203

259

250

-185

-7

360

263

26

138

422

312

474

553

551

391

312

365

349

396

281

296

391

198

-

-

-

-

-

-

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,132

17,927

21,033

16,592

-

-

-

-

-

-

Income from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,525

5,267

5,274

5,128

4,716

4,716

4,716

-

Net income (loss)

-2,769

25,453

46,223

62,090

38,151

34,152

62,122

67,630

42,182

-2,303

62,824

87,606

34,365

41,554

13,694

54,718

34,686

-17,792

46,968

44,245

43,867

22,334

35,162

43,799

-94,462

56,616

18,165

23,535

16,906

13,132

17,927

22,558

21,859

13,881

20,762

20,396

14,949

6,559

5,318

Other comprehensive loss:
Interest rate derivatives

-42,166

5,653

-4,193

-10,120

-6,044

-9,461

1,657

1,740

6,292

4,560

259

-1,175

1,545

14,580

4,261

-5,501

-6,694

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain (loss) on interest rate derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,978

-185

-274

-

757

-914

468

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Cash flow hedge losses reclassified to earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-785

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income (loss)

-44,935

31,106

42,030

51,970

32,107

24,691

63,779

69,370

48,474

2,257

63,083

86,431

35,910

56,134

17,955

49,217

27,992

-13,686

40,990

44,845

43,593

21,512

35,919

42,885

-93,994

56,616

18,165

23,535

16,906

-

-

-

-

-

-

-

-

-

-

From continuing operations (in Dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.07

0.10

0.11

0.09

0.06

0.08

0.08

0.05

0.02

-

From discontinued operations (in Dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.01

0.03

0.02

0.03

0.03

0.03

0.03

-

Basic and diluted net income (loss) per common share (in Dollars per share)

-0.01

0.11

0.21

0.28

0.17

0.16

0.27

0.29

0.18

0.00

0.28

0.39

0.15

0.18

0.07

0.31

0.20

-0.10

0.27

0.24

0.24

0.00

0.19

0.23

-0.38

0.94

0.10

0.13

0.09

0.07

0.10

0.12

0.12

0.08

0.11

0.11

0.08

0.05

0.04

Weighted average common shares outstanding - basic and diluted (in Shares)

224,294

223,908

223,901

223,899

223,932

227,428

230,351

230,342

230,515

224,948

223,057

223,052

223,047

223,528

190,563

174,667

174,666

174,178

175,069

185,351

186,446

63,436

186,910

186,945

248,665

-182,443

182,784

182,496

182,395

182,287

182,130

182,110

182,361

182,585

182,769

182,621

181,609

144,264

122,696

Occupancy [Member]
Total revenue

217,979

265,208

307,293

315,232

279,470

270,679

307,794

319,022

274,836

266,013

302,298

306,283

269,393

257,360

255,269

237,340

206,150

192,751

221,978

214,991

192,013

183,237

213,831

213,372

125,442

82,014

91,936

95,115

84,273

78,110

85,900

88,047

79,553

70,618

78,302

77,069

65,869

40,028

32,252

Food and Beverage [Member]
Total revenue

11,312

15,029

14,079

15,692

15,015

15,743

14,629

16,518

15,710

-

15,246

17,932

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hotel, Other [Member]
Total revenue

8,719

9,734

10,350

10,193

9,302

8,833

9,774

9,174

7,843

-

7,382

7,489

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Direct Operating [Member]
Hotel operating expense

68,029

75,986

80,717

80,166

75,580

76,849

81,318

81,242

75,954

75,282

79,975

80,345

75,154

75,062

69,082

61,459

56,829

57,134

59,024

57,152

54,605

54,809

58,617

58,147

35,256

24,795

25,800

25,821

23,697

23,290

24,162

24,239

22,412

21,197

21,992

21,120

18,205

11,845

9,726

Hotel Administrative [Member]
Hotel operating expense

23,643

25,307

25,991

26,967

25,630

24,637

25,722

26,558

25,102

24,850

24,842

25,217

24,836

23,178

20,866

18,857

18,198

17,278

17,684

17,408

17,156

16,307

16,627

16,625

10,358

7,285

7,218

7,220

6,849

6,851

6,616

6,956

6,625

6,460

6,500

6,355

5,658

3,215

2,708

Sales and Marketing [Member]
Hotel operating expense

24,359

27,800

29,764

30,831

27,694

25,069

27,265

28,168

25,332

25,010

25,488

26,270

24,109

23,419

21,329

19,896

18,019

17,507

18,524

17,880

17,098

16,757

18,441

18,273

11,084

7,887

8,369

8,648

7,951

7,734

7,947

8,211

7,371

6,931

7,086

7,040

6,153

3,688

3,080

Public Utilities [Member]
Hotel operating expense

9,190

9,463

11,635

9,561

9,939

9,781

12,163

10,247

10,283

9,927

12,036

10,193

9,753

9,723

10,543

7,719

7,600

7,446

9,505

7,559

8,158

7,851

9,587

7,988

5,390

3,488

4,213

3,535

3,405

3,256

4,074

3,417

3,287

3,227

4,105

3,274

3,208

2,283

1,573

Repair and Maintenance [Member]
Hotel operating expense

11,793

13,358

13,430

13,041

12,866

12,680

13,204

13,476

12,453

12,069

12,199

12,279

11,916

12,082

10,478

9,605

9,084

9,115

9,245

9,357

9,169

8,995

9,073

9,258

5,612

3,658

3,807

3,771

3,558

3,473

3,364

3,293

3,225

3,353

3,302

3,215

2,833

1,819

1,543

Royalty [Member]
Hotel operating expense

10,257

12,529

14,508

14,752

13,111

12,660

14,326

14,781

12,733

12,289

13,974

14,163

12,474

11,988

11,834

10,933

9,445

8,934

10,360

9,887

8,822

8,326

9,762

9,659

5,716

3,765

4,185

4,301

3,762

3,466

3,642

3,916

3,479

3,159

3,461

3,349

2,828

1,749

1,367

Management Service [Member]
Hotel operating expense

7,995

9,751

11,548

11,872

10,629

10,119

11,250

12,059

10,472

9,628

11,315

11,545

10,212

9,411

9,205

8,947

8,037

6,993

8,491

8,085

7,505

6,303

8,083

8,058

4,933

2,897

3,567

3,560

3,202

2,749

3,267

3,173

3,073

2,540

2,935

2,750

2,405

1,473

1,129