Apple Hospitality REIT, Inc. (APLE) · Nov 5, 2026 · Earnings

Apple Hospitality earnings beat as hotel demand lifts guidance

Beat — EPS $0.26 vs ~$0.22 consensus; revenue $398.3M vs ~$386.5M

Apple Hospitality’s third-quarter earnings beat expectations as RevPAR growth and margins accelerated, prompting a sizable 2026 guidance increase.

Apple Hospitality is a 216-hotel U.S. lodging REIT focused on upscale, rooms-heavy Hilton and Marriott properties, currently benefiting from improving business and leisure travel while recycling older hotels and preserving balance-sheet capacity for acquisitions. The third quarter materially strengthens that operating story.

The quarter beat the published bar on both revenue and per-share earnings. Revenue reached $398.3 million versus roughly $386.5 million expected, while net income per share was $0.26 versus approximately $0.22 consensus. The underlying hotel performance was also broad: comparable RevPAR rose 7.3%, with both occupancy and room rates contributing.

Metric	Q3 2026	Q3 2025	Consensus / prior guide
Revenue (Income Statement)	$398.3M	$373.9M	~$386.5M
Net income per share (Financial Highlights)	$0.26	$0.21	~$0.22
Comparable Hotels RevPAR (Operating Metrics)	$133.60 (+7.3%)	$124.55
Comparable Hotels Adjusted Hotel EBITDA (Operating Metrics)	$145.9M (+14.7%)	$127.2M
Comparable Hotels EBITDA margin (Operating Metrics)	37.1% (+210 bps)	35.0%
2026 Adjusted EBITDAre guidance (Updated Outlook)	$482M-$493M		$464.5M prior midpoint
2026 RevPAR guidance (Updated Outlook)	5.1%-6.1%		3.25% prior midpoint

The more important surprise is the quality of the growth. Comparable hotel revenue increased 8.2%, while comparable hotel operating expenses rose only 4.7%, allowing hotel EBITDA to grow 14.7% and margin to expand 210 basis points. That shows the company is converting stronger demand into disproportionate property-level earnings rather than merely filling rooms. The release states that “Comparable Hotels RevPAR growth of more than 7%” was driven by both business and leisure travelers. 〔0〕

Management raised the full-year outlook by a meaningful amount, not just tightened the range. Relative to the previous guidance midpoint, 2026 net income rises by $19 million, Adjusted EBITDAre by $23 million, RevPAR growth by 235 basis points, and comparable hotel EBITDA margin by 105 basis points. The new midpoint implies that the quarter’s strength is expected to carry into the fourth quarter, although part of the comparison benefits from last year’s government-related disruption.

The balance sheet and portfolio actions make the stronger outlook more actionable. Debt represents 27.5% of total capitalization net of cash, the company has roughly $700 million of revolving availability, and refinancing pushed significant maturities out while leaving no major debt maturities until 2029. At the same time, five hotels are under contract for sale for approximately $71.8 million, supporting management’s plan to move capital away from lower-upside assets. The sale strategy is not risk-free—the filing records a $4.3 million impairment tied to one contracted property—but it is consistent with portfolio repositioning rather than balance-sheet repair.

The main qualification is that some of the momentum was already visible before this filing. Second-quarter results had already shown improving demand and a raised 2026 outlook, so the direction was not entirely unexpected. What is new is the magnitude: Q3 accelerated beyond the prior trend, margins widened sharply, October RevPAR was preliminarily up about 10%, and management lifted the full-year framework again. 〔1〕

Bottom line: This is a clear business upgrade, not merely a routine quarterly beat. Stronger hotel demand is translating into faster earnings growth, wider margins, and materially higher 2026 expectations while the balance sheet remains flexible enough to support portfolio recycling and future acquisitions.

What to watch next

Q3 earnings call, November 6, 2026

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

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Apple Hospitality earnings beat as hotel demand lifts guidance

What to watch next

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