Apple hospitality reit, inc (APLE)
Income statement / TTM
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

-

-

-

-

-

-

-

-

-

-

-

-

90,101

-

80,117

77,492

76,579

76,581

75,385

74,861

74,674

68,014

57,693

47,941

38,202

34,653

34,510

33,962

33,568

33,976

33,138

32,751

31,011

28,642

24,612

20,621

0

0

0

Total hotel revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Rental revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Total revenue

1,200,820

1,266,597

1,271,881

1,272,356

1,275,953

1,270,555

1,264,367

1,257,096

1,244,086

1,238,622

1,231,986

1,183,531

1,109,463

1,041,025

971,627

935,711

912,449

898,314

887,604

878,933

877,127

803,896

692,352

560,705

432,709

387,991

383,944

377,360

369,898

365,586

357,256

349,271

336,553

320,500

285,880

241,182

0

0

0

Expenses:
Hotel operating expense

704,233

724,416

722,058

719,713

719,054

715,934

723,937

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property taxes, insurance and other

75,822

75,840

77,122

77,166

77,024

74,640

72,185

70,553

69,693

69,391

68,891

66,080

61,335

56,860

52,611

48,274

46,914

46,023

44,296

44,967

44,481

40,046

34,648

28,317

22,653

20,556

19,879

20,257

19,670

19,616

19,283

19,319

18,829

18,387

16,445

13,582

0

0

0

Operating ground lease

-

-

4,037

6,430

-

11,364

11,407

11,420

11,347

11,313

11,308

11,092

10,759

10,409

10,079

9,960

9,961

9,996

9,995

9,988

9,970

8,341

5,905

3,469

1,071

302

0

0

0

-

-

-

-

-

-

-

-

-

-

General and administrative

37,596

36,210

32,810

27,141

25,554

24,294

25,054

27,034

26,464

26,341

22,776

20,049

18,958

17,032

17,642

20,194

18,833

19,552

20,561

21,013

23,942

20,914

15,128

11,279

6,828

6,169

7,325

7,696

7,846

8,590

9,971

9,575

9,259

8,189

6,723

6,735

0

0

0

Loss on impairment of depreciable real estate assets

-

-

0

0

-

-

0

0

-

45,900

7,875

13,346

13,346

5,471

5,471

0

0

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

194,812

193,240

190,676

188,958

186,592

183,482

181,481

179,422

177,572

176,499

175,282

168,515

158,446

148,163

137,895

132,903

130,214

127,449

125,909

124,653

124,272

113,112

95,370

78,007

60,886

54,827

54,275

53,872

53,405

52,748

51,966

50,948

49,960

48,415

43,121

37,661

0

0

0

Transaction and litigation costs (reimbursements)

-

-

-

-

-

-

-

-

-

-

0

0

-

34,989

37,151

1,541

6,250

7,181

8,598

9,532

0

-

0

0

-

3,179

0

0

0

-

-

-

-

-

-

-

-

-

-

Acquisition related costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,316

1,388

2,691

5,275

9,049

12,323

0

0

0

Merger transaction costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Transaction and potential listing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B convertible preferred share expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

117,133

117,133

117,133

117,133

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Total expense

1,020,588

1,037,831

1,032,765

1,019,003

1,019,873

1,012,849

1,044,477

1,037,360

1,021,767

1,024,235

973,843

976,753

921,621

855,763

848,221

779,740

768,952

762,282

713,611

719,293

717,968

771,571

672,834

562,425

459,999

305,247

302,033

296,334

291,982

288,991

285,152

280,155

273,562

264,907

239,184

205,892

0

0

0

Gain on sale of real estate

12,647

5,021

1,204

1,204

1,365

152

-157

15,983

0

-

0

0

-

-

0

0

-

15,286

15,358

15,358

15,629

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income

192,879

233,787

240,320

254,557

257,445

257,858

236,342

236,031

238,614

230,682

257,833

206,625

187,689

185,109

123,406

155,971

143,497

136,032

173,993

159,640

159,159

32,325

19,518

-1,720

-27,290

82,744

81,911

81,026

77,916

76,595

72,104

69,116

62,991

55,593

46,696

35,290

0

0

0

Interest and other expense, net

-61,263

-61,191

-59,026

-57,407

-54,760

-51,185

-50,022

-48,906

-47,545

-47,343

-47,097

-45,229

-42,940

-40,026

-37,386

-36,532

-34,198

-33,132

-30,591

-27,629

-27,736

-23,523

-18,942

-14,889

-9,785

-8,446

-8,782

-8,204

-7,554

-6,745

-5,992

-5,593

-5,212

-4,371

-3,306

-2,216

0

0

0

Income (loss) before income taxes

131,616

172,596

181,294

197,150

202,685

206,673

170,180

170,985

191,069

183,339

226,876

177,536

144,749

145,083

85,948

119,367

108,956

118,186

158,760

147,369

147,052

8,802

9,616

-7,569

-28,035

83,338

73,129

72,822

70,362

69,850

66,112

63,523

57,779

51,222

43,390

0

0

0

-

Income tax expense

619

679

678

635

630

587

549

652

760

847

527

317

418

431

642

787

849

898

1,346

1,761

1,890

1,969

1,807

1,619

1,417

1,422

1,391

1,322

1,364

1,166

0

0

0

-

-

-

-

-

-

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

68,684

0

0

0

-

-

-

-

-

-

Income from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,792

12,066

17,194

20,385

19,834

19,276

0

0

0

-

Net income (loss)

130,997

171,917

180,616

196,515

202,055

206,086

169,631

170,333

190,309

182,492

226,349

177,219

144,331

144,652

85,306

118,580

108,107

117,288

157,414

145,608

145,162

6,833

41,115

24,118

3,854

115,222

71,738

71,500

70,523

75,476

76,225

79,060

76,898

69,988

62,666

47,222

0

0

0

Other comprehensive loss:
Interest rate derivatives

-50,826

-14,704

-29,818

-23,968

-12,108

228

14,249

12,851

9,936

5,189

15,209

19,211

14,885

6,646

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain (loss) on interest rate derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

311

-446

468

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Cash flow hedge losses reclassified to earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income (loss)

80,171

157,213

150,798

172,547

189,947

206,314

183,880

183,184

200,245

187,681

241,558

196,430

159,216

151,298

81,478

104,513

100,141

115,742

150,940

145,869

143,909

6,322

41,426

23,672

4,322

115,222

0

0

0

-

-

-

-

-

-

-

-

-

-

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

1,105,712

1,167,203

1,172,674

1,173,175

1,176,965

1,172,331

0

1,162,169

1,149,430

1,143,987

1,135,334

1,088,305

1,019,362

956,119

891,510

858,219

835,870

821,733

812,219

804,072

802,453

735,882

634,659

512,764

394,507

353,338

349,434

343,398

336,330

331,610

324,118

316,520

305,542

291,858

261,268

215,218

0

0

0

Food and Beverage [Member]
Total revenue

56,112

59,815

60,529

61,079

61,905

62,600

0

65,406

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hotel, Other [Member]
Total revenue

38,996

39,579

38,678

38,102

37,083

35,624

0

31,888

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Direct Operating [Member]
Hotel operating expense

304,898

312,449

313,312

313,913

314,989

315,363

0

312,453

311,556

310,756

310,536

299,643

280,757

262,432

244,504

234,446

230,139

227,915

225,590

225,183

226,178

206,829

176,815

143,998

111,672

100,113

98,608

96,970

95,388

94,103

92,010

89,840

86,721

82,514

73,162

60,896

0

0

0

Hotel Administrative [Member]
Hotel operating expense

101,908

103,895

103,225

102,956

102,547

102,019

0

101,352

100,011

99,745

98,073

94,097

87,737

81,099

75,199

72,017

70,568

69,526

68,555

67,498

66,715

59,917

50,895

41,486

32,081

28,572

28,138

27,536

27,272

27,048

26,657

26,541

25,940

24,973

21,728

17,936

0

0

0

Sales and Marketing [Member]
Hotel operating expense

112,754

116,089

113,358

110,859

108,196

105,834

0

103,998

102,100

100,877

99,286

95,127

88,753

82,663

76,751

73,946

71,930

71,009

70,259

70,176

70,569

64,555

55,685

45,613

35,988

32,855

32,702

32,280

31,843

31,263

30,460

29,599

28,428

27,210

23,967

19,961

0

0

0

Public Utilities [Member]
Hotel operating expense

39,849

40,598

40,916

41,444

42,130

42,474

0

42,493

42,439

41,909

41,705

40,212

37,738

35,585

33,308

32,270

32,110

32,668

33,073

33,155

33,584

30,816

26,453

21,079

16,626

14,641

14,409

14,270

14,152

14,034

14,005

14,036

13,893

13,814

12,870

10,338

0

0

0

Repair and Maintenance [Member]
Hotel operating expense

51,622

52,695

52,017

51,791

52,226

51,813

0

50,197

49,000

48,463

48,476

46,755

44,081

41,249

38,282

37,049

36,801

36,886

36,766

36,594

36,495

32,938

27,601

22,335

16,848

14,794

14,609

14,166

13,688

13,355

13,235

13,173

13,095

12,703

11,169

9,410

0

0

0

Royalty [Member]
Hotel operating expense

52,046

54,900

55,031

54,849

54,878

54,500

0

53,777

53,159

52,900

52,599

50,459

47,229

44,200

41,146

39,672

38,626

38,003

37,395

36,797

36,569

33,463

28,902

23,325

17,967

16,013

15,714

15,171

14,786

14,503

14,196

14,015

13,448

12,797

11,387

9,293

0

0

0

Management Service [Member]
Hotel operating expense

41,166

43,800

44,168

43,870

44,057

43,900

0

43,474

42,960

42,700

42,483

40,373

37,775

35,600

33,182

32,468

31,606

31,074

30,384

29,976

29,949

27,377

23,971

19,455

14,957

13,226

13,078

12,778

12,391

12,262

12,053

11,721

11,298

10,630

9,563

7,757

0

0

0