Apple Hospitality REIT (APLE) Property Operating Expenses (2009 - 2026)
Apple Hospitality REIT (APLE) posted Property Operating Expenses of $19.14 million for Q3 2026, up 5.1% from $18.21 million a year earlier but down 0.1% from the prior quarter.
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Apple Hospitality REIT (APLE) Property Operating Expenses (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Property Operating Expenses at Apple Hospitality REIT was $73.79 million, up 3.9% year-over-year; for FY2025, it was $71.31 million, up 2.3% from FY2024.
- Annual Property Operating Expenses has increased for five consecutive years, with a five-year compound annual growth rate of 14.0% (FY2020 to FY2025).
- In prior years, Apple Hospitality REIT's Property Operating Expenses was $69.7 million in FY2024 (+6.6%), $65.41 million in FY2023 (+11.4%), $58.73 million in FY2022 (+23.2%) and $47.66 million in FY2021 (+28.5%).
- Quarterly Property Operating Expenses has run from a low of $12.95 million in Q4 2021 to a high of $19.15 million in Q2 2026 over five years.
- On a year-over-year basis, Property Operating Expenses has increased in each of the last 22 quarters, with growth averaging 3.2% over the last eight quarters.
- Across the past five years, year-over-year growth in Property Operating Expenses ran from 1.7% in Q4 2025 to 28.2% in Q4 2021.
- According to Business Quant data, Property Operating Expenses for the three prior quarters was $19.15 million (Q2 2026), $17.84 million (Q1 2026) and $17.66 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Property Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn | 2.25 Bn |
| 2 | Prologis | 122.34 Bn | 120.73 Bn | - | 511.72 Mn |
| 3 | Simon Property | 79.95 Bn | 78.05 Bn | - | 180.83 Mn |
| 4 | Public Storage | 62.14 Bn | 61.58 Bn | 112.08 Mn | 333.19 Mn |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - | 122.39 Mn |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn | 1.10 Bn |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn | 158.13 Mn |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - | 245.28 Mn |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn | 238.84 Mn |
| 10 | Apple Hospitality REIT | 2.30 Bn | 2.24 Bn | 168.86 Mn | 19.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.14 Mn |
| Jun 30, 2026 | 19.15 Mn |
| Mar 31, 2026 | 17.84 Mn |
| Dec 31, 2025 | 17.66 Mn |
| Sep 30, 2025 | 18.21 Mn |
| Jun 30, 2025 | 18.31 Mn |
| Mar 31, 2025 | 17.14 Mn |
| Dec 31, 2024 | 17.37 Mn |
| Sep 30, 2024 | 17.86 Mn |
| Jun 30, 2024 | 17.63 Mn |
| Mar 31, 2024 | 16.84 Mn |
| Dec 31, 2023 | 16.96 Mn |
| Sep 30, 2023 | 16.34 Mn |
| Jun 30, 2023 | 16.45 Mn |
| Mar 31, 2023 | 15.67 Mn |
| Dec 31, 2022 | 15.26 Mn |
| Sep 30, 2022 | 15.63 Mn |
| Jun 30, 2022 | 14.81 Mn |
| Mar 31, 2022 | 13.03 Mn |
| Dec 31, 2021 | 12.95 Mn |
API Access
Apple Hospitality REIT Property Operating Expenses 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=property-operating-expenses&ticker=APLE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "property-operating-expenses", "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=property-operating-expenses&ticker=APLE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();