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Apple Hospitality REIT (FRA:48T) Gross-Profit-to-Asset % : 8.94% (As of Mar. 2024)


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What is Apple Hospitality REIT Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Apple Hospitality REIT's annualized Gross Profit for the quarter that ended in Mar. 2024 was €409 Mil. Apple Hospitality REIT's average Total Assets over the quarter that ended in Mar. 2024 was €4,579 Mil. Therefore, Apple Hospitality REIT's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 8.94%.


Apple Hospitality REIT Gross-Profit-to-Asset % Historical Data

The historical data trend for Apple Hospitality REIT's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Apple Hospitality REIT Gross-Profit-to-Asset % Chart

Apple Hospitality REIT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.53 2.37 6.89 9.82 9.82

Apple Hospitality REIT Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.90 11.78 11.24 8.42 8.94

Competitive Comparison of Apple Hospitality REIT's Gross-Profit-to-Asset %

For the REIT - Hotel & Motel subindustry, Apple Hospitality REIT's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Apple Hospitality REIT's Gross-Profit-to-Asset % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Apple Hospitality REIT's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Apple Hospitality REIT's Gross-Profit-to-Asset % falls into.



Apple Hospitality REIT Gross-Profit-to-Asset % Calculation

Apple Hospitality REIT's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=443.615/( (4505.442+4527.502)/ 2 )
=443.615/4516.472
=9.82 %

Apple Hospitality REIT's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=409.424/( (4527.502+4629.898)/ 2 )
=409.424/4578.7
=8.94 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


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Apple Hospitality REIT (FRA:48T) Business Description

Traded in Other Exchanges
Address
814 East Main Street, Richmond, VA, USA, 23219
Apple Hospitality REIT Inc is a real estate investment trust that invests in income-producing real estate, majorly in the lodging sector, in the United States. It chiefly invests in upscale service hotels. All of the company's hotels operate under the Marriott or Hilton brands. Apple Hospitality has wholly owned taxable REIT subsidiaries, which lease all of the company's hotels from wholly owned qualified REIT subsidiaries. These hotels are managed under separate agreements with various hotel management companies that are unaffiliated with Apple Hospitality. The company derives its income from hotel revenue, its sole segment.

Apple Hospitality REIT (FRA:48T) Headlines

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