APPLE HOSPITALITY REIT, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.41B | $1.43B | $1.34B | $1.24B | $933.9M | $601.9M | $1.27B | $1.27B |
| Cost of Revenue | $847.3M | $837.9M | $780.7M | $710.5M | $542.2M | $402.3M | $724.4M | $715.9M |
| Gross Profit | $565.1M | $593.6M | $563.1M | $527.9M | $391.7M | $199.6M | $542.2M | $554.6M |
| Gross Margin | 40.0% | 41.5% | 41.9% | 42.6% | 41.9% | 33.2% | 42.8% | 43.7% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $32.3M | $42.5M | $47.4M | $42.5M | $41.0M | $29.4M | $36.2M | $24.3M |
| Operating Income | $257.8M | $292.8M | $247.5M | $206.5M | $87.0M | $-102.0M | $233.8M | $257.9M |
| Operating Margin | 18.3% | 20.5% | 18.4% | 16.7% | 9.3% | -17.0% | 18.5% | 20.3% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $176.3M | $215.0M | $178.6M | $146.7M | $19.3M | $-172.9M | $172.6M | $206.7M |
| Income Tax Expense | $959.0K | $947.0K | $1.1M | $1.9M | $468.0K | $332.0K | $679.0K | $587.0K |
| Net Income | $175.4M | $214.1M | $177.5M | $144.8M | $18.8M | $-173.2M | $171.9M | $206.1M |
| Net Margin | 12.4% | 15.0% | 13.2% | 11.7% | 2.0% | -28.8% | 13.6% | 16.2% |
| EPS (Basic) | $0.74 | $0.89 | $0.77 | $0.63 | $0.08 | $-0.77 | $0.77 | $0.90 |
| EPS (Diluted) | $0.74 | $0.89 | $0.77 | $0.63 | $0.08 | $-0.77 | $0.77 | $0.90 |
| Shares Outstanding (Basic) | 237.8M | 241.3M | 229.3M | 228.9M | 226.4M | 223.5M | 223.9M | 224.0M |
| Shares Outstanding (Diluted) | 237.8M | 241.3M | 229.3M | 228.9M | 226.4M | 223.5M | 223.9M | 224.0M |
| Dividends Per Share | $0.96 | $1.01 | $1.01 | $0.76 | $0.04 | $0.20 | $1.20 | $1.20 |