苹果酒店地产信托有限公司 2025年季度报告

For the quarterly period endedSeptember 30,2025 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 FOR THE TRANSITION PERIOD FROM _______ TO _______ Commission File Number001-37389 APPLE HOSPITALITY REIT, INC.(Exact name of registrant as specified in its charter) Virginia26-1379210(State or other jurisdictionof incorporation or organization)(I.R.S. EmployerIdentification No.) 814 East Main StreetRichmond,Virginia(Address of principal executive offices) 23219(Zip Code) (804)344-8121(Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registeredNew York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorterperiod that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Number of registrant’s common shares outstanding as of October 27, 2025:236,575,692 Apple Hospitality REIT, Inc.Form 10-QIndex PART I. FINANCIAL INFORMATION Item 1.Financial Statements3Consolidated Balance Sheets – September 30, 2025 and December 31, 20243Consolidated Statements of Operations and Comprehensive Income – three and nine months endedSeptember 30, 2025 and 20244Consolidated Statements of Shareholders’ Equity – three and nine months ended September 30, 2025 and20245Consolidated Statements of Cash Flows – nine months ended September 30, 2025 and 20246Notes to Consolidated Financial Statements7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations21Item 3.Quantitative and Qualitative Disclosures About Market Risk39Item 4.Controls and Procedures39 PART II. OTHER INFORMATION Item 1.Legal Proceedings40Item 2.Unregistered Sales of Equity Securities and Use of Proceeds40Item 5.Other Information40Item 6.Exhibits41 Signatures This Form 10-Q includes references to certain trademarks or service marks. The AC Hotels by Marriott®, Aloft Hotels®,Courtyard by Marriott®, Fairfield by Marriott®, Marriott® Hotels, Residence Inn by Marriott®, SpringHill Suites by Marriott®and TownePlace Suites by Marriott® trademarks are the property of Marriott International, Inc. or one of its affiliates. TheEmbassy Suites by Hilton®, Hampton by Hilton®, Hilton Garden Inn®, Home2 Suites by Hilton®, Homewood Suites by Hilton®and Motto by Hilton® trademarks are the property of Hilton Worldwide Holdings Inc. or one of its affiliates. The Hyatt®, HyattHouse® and Hyatt Place® trademarks are the property of Hyatt Hotels Corporation or one of its affiliates. For convenience, theapplicable trademark or service mark symbol has been omitted but will be deemed to be included wherever the above referencedterms are used. Apple Hospitality REIT, Inc.Consolidated Balance Sheets(in thousands, except share data) Apple Hospitality REIT, Inc.Consolidated Statements of Operations and Comprehensive Income(Unaudited)(in thousands, except per share data) Apple Hospitality REIT, Inc.Consolidated Statements of Cash Flows(Unaudited)(in thousands) Apple Hospitality REIT, Inc.Notes to ConsolidatedFinancial Statements(Unaudited) 1. Organization and Summary of Significant Accounting Policies Organization Apple Hospitality REIT, Inc., formed in November 2007 as a Virginia corporation, together with its wholly-ownedsubsidiaries (the “Company”), is a self-advised real estate investment trust (“REIT”) that invests in income-producing real estate,primarily in the lodging sector, in the United States (“U.S.”). The Company’s fiscal year end is December 31. The Company has noforeign operations or assets, and its operating structure includes onl