Apple Hospitality REIT (APLE) Gross Margin (2010 - 2026)
Apple Hospitality REIT's Gross Margin was 43.47% in Q2 2026, up 0.85 percentage points from 42.62% a year earlier and up 4.74 percentage points from the prior quarter.
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Analysis
Apple Hospitality REIT (APLE) Gross Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Apple Hospitality REIT's Gross Margin was 40.21% through Jun 30, 2026, down 0.47 percentage points year-over-year; for FY2025, it came in at 40.01%, down 1.46 percentage points from FY2024.
- Gross Margin has now declined for three consecutive years, though with a five-year change of +6.84 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 41.47% in FY2024 (-0.43 pp), 41.90% in FY2023 (-0.73 pp), 42.63% in FY2022 (+0.69 pp) and 41.94% in FY2021 (+8.78 pp).
- The Q2 2026 figure marks the highest quarterly Gross Margin since Q2 2024.
- Compared with a year earlier, Gross Margin was higher in 1 of the last eight quarters, with an average year-over-year change of -0.82 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2021 (a gain of 8.76 percentage points); the worst was Q2 2025 (a drop of 1.93 percentage points).
- Per Business Quant data, APLE's Gross Margin in the three quarters before Q2 2026 was 38.73% (Q1 2026), 37.22% (Q4 2025) and 40.63% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 166.01 Bn | 148.52 Bn | 1.39 Bn | 39.34% |
| 2 | Prologis | 121.16 Bn | 125.55 Bn | - | - |
| 3 | Simon Property | 65.49 Bn | 66.75 Bn | - | - |
| 4 | Realty Income | 51.38 Bn | 53.76 Bn | - | - |
| 5 | Public Storage | 49.67 Bn | 48.75 Bn | - | - |
| 6 | Ventas | 43.61 Bn | 42.81 Bn | - | - |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 73.49% |
| 8 | Vici Properties | 25.29 Bn | 23.41 Bn | 1.05 Bn | 99.30% |
| 9 | Vivmark Residential | 22.78 Bn | 22.97 Bn | - | - |
| 10 | Apple Hospitality REIT | 3.82 Bn | 3.74 Bn | 174.97 Mn | 43.47% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 43.47% |
| Mar 31, 2026 | 38.73% |
| Dec 31, 2025 | 37.22% |
| Sep 30, 2025 | 40.63% |
| Jun 30, 2025 | 42.62% |
| Mar 31, 2025 | 39.01% |
| Dec 31, 2024 | 38.63% |
| Sep 30, 2024 | 41.94% |
| Jun 30, 2024 | 44.55% |
| Mar 31, 2024 | 40.13% |
| Dec 31, 2023 | 38.76% |
| Sep 30, 2023 | 43.14% |
| Jun 30, 2023 | 44.55% |
| Mar 31, 2023 | 40.55% |
| Dec 31, 2022 | 39.52% |
| Sep 30, 2022 | 43.41% |
| Jun 30, 2022 | 45.95% |
| Mar 31, 2022 | 40.88% |
| Dec 31, 2021 | 40.51% |
| Sep 30, 2021 | 44.45% |
API Access
Apple Hospitality REIT Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=APLE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "APLE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=APLE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();