Apple Hospitality's second quarter MFFO of $0.52 per share beats estimates, driven by strong RevPAR growth of 5.3%

Apple Hospitality REIT reported strong second quarter results, with both revenue and profitability metrics exceeding analyst expectations. The company posted total revenue of $402.6 million and Modified Funds From Operations (MFFO) of $0.52 per share, surpassing the consensus estimate of $0.48.

Key Highlights

• Modified Funds From Operations (MFFO) per share grew 8.3% year-over-year to $0.52, beating analyst expectations of $0.48.
• Comparable Hotels RevPAR increased 5.3% to $136.17, driven by a 3.5% rise in Average Daily Rate (ADR) to $169.90 and a 1.6% increase in Occupancy to 80.1%.
• Comparable Hotels Adjusted Hotel EBITDA Margin expanded by 120 basis points to 38.1%, reflecting strong cost management.
• The company raised its full-year 2026 outlook, increasing its Comparable Hotels RevPAR growth forecast to a range of 2.25% to 4.25%.