10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001185185-15-001138 |
| Period End Date | 20150331 |
| Filing Date | 20150507 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | applereit-20150331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Investment in real estate accumulated depreciation (in Dollars) |
RealEstateInvestmentPropertyAccumulatedDepreciation
|
$327.24M | USD | Point-in-time |
| Investment in real estate accumulated depreciation (in Dollars) |
RealEstateInvestmentPropertyAccumulatedDepreciation
|
$296.56M | USD | Point-in-time |
| Investment in real estate, net of accumulated depreciation of $327,243 and $296,559, respectively |
RealEstateInvestmentPropertyNet
|
$3.48B | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
30.00M | shares | Point-in-time |
| Investment in real estate, net of accumulated depreciation of $327,243 and $296,559, respectively |
RealEstateInvestmentPropertyNet
|
$3.49B | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
30.00M | shares | Point-in-time |
| Assets held for sale |
RealEstateHeldforsale
|
- | USD | Point-in-time |
| Preferred stock, shares issued |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Assets held for sale |
RealEstateHeldforsale
|
$195.59M | USD | Point-in-time |
| Preferred stock, shares issued |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$46.91M | USD | Point-in-time |
| Preferred stock, shares outstanding |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$18.10M | USD | Point-in-time |
| Preferred stock, shares outstanding |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
800.00M | shares | Point-in-time |
| Restricted cash-furniture, fixtures and other escrows |
RestrictedCashAndCashEquivalents
|
$32.53M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
800.00M | shares | Point-in-time |
| Restricted cash-furniture, fixtures and other escrows |
RestrictedCashAndCashEquivalents
|
$30.69M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
372.64M | shares | Point-in-time |
| Due from third party managers, net |
DueFromManagers
|
$22.88M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
373.82M | shares | Point-in-time |
| Due from third party managers, net |
DueFromManagers
|
$39.34M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$35.40M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
372.64M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
373.82M | shares | Point-in-time |
| Other assets, net |
OtherAssets
|
$35.94M | USD | Point-in-time |
| Total Assets |
Assets
|
$3.63B | USD | Point-in-time |
| Total Assets |
Assets
|
$3.78B | USD | Point-in-time |
| Credit facility |
LineOfCredit
|
$100.00M | USD | Point-in-time |
| Credit facility |
LineOfCredit
|
$191.60M | USD | Point-in-time |
| Mortgage debt |
SecuredDebt
|
$517.97M | USD | Point-in-time |
| Mortgage debt |
SecuredDebt
|
$507.02M | USD | Point-in-time |
| Accounts payable and other liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$55.55M | USD | Point-in-time |
| Accounts payable and other liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$43.38M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$765.12M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$650.40M | USD | Point-in-time |
| Preferred stock, authorized 30,000,000 shares; none issued and outstanding |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock, authorized 30,000,000 shares; none issued and outstanding |
PreferredStockValue
|
- | USD | Point-in-time |
| Common stock, no par value, authorized 800,000,000 shares; issued and outstanding 372,643,935 and 373,820,814 shares, respectively |
CommonStockValue
|
$3.73B | USD | Point-in-time |
| Common stock, no par value, authorized 800,000,000 shares; issued and outstanding 372,643,935 and 373,820,814 shares, respectively |
CommonStockValue
|
$3.74B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-785.00K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-511.00K | USD | Point-in-time |
| Distributions greater than net income |
AccumulatedDistributionsInExcessOfNetIncome
|
$722.19M | USD | Point-in-time |
| Distributions greater than net income |
AccumulatedDistributionsInExcessOfNetIncome
|
$741.74M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$3.01B | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$2.98B | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$3.78B | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$3.63B | USD | Point-in-time |
Income Statement
54 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Room |
OccupancyRevenue
|
$125.44M | USD | 1 Quarter |
| Room |
OccupancyRevenue
|
$192.01M | USD | 1 Quarter |
| Other |
OtherHotelOperatingRevenue
|
$11.68M | USD | 1 Quarter |
| Other |
OtherHotelOperatingRevenue
|
$18.34M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$137.12M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$210.35M | USD | 1 Quarter |
| Operating |
DirectCostsOfHotels
|
$35.26M | USD | 1 Quarter |
| Operating |
DirectCostsOfHotels
|
$54.60M | USD | 1 Quarter |
| Hotel administrative |
CostOfOtherPropertyOperatingExpense
|
$17.16M | USD | 1 Quarter |
| Hotel administrative |
CostOfOtherPropertyOperatingExpense
|
$10.36M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$17.10M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$11.08M | USD | 1 Quarter |
| Utilities |
UtilitiesCosts
|
$5.39M | USD | 1 Quarter |
| Utilities |
UtilitiesCosts
|
$8.16M | USD | 1 Quarter |
| Repair and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$9.17M | USD | 1 Quarter |
| Repair and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$5.61M | USD | 1 Quarter |
| Franchise fees |
DirectOperatingCostRoyaltyExpense
|
$8.82M | USD | 1 Quarter |
| Franchise fees |
DirectOperatingCostRoyaltyExpense
|
$5.72M | USD | 1 Quarter |
| Management fees |
OwnedPropertyManagementCosts
|
$7.50M | USD | 1 Quarter |
| Management fees |
OwnedPropertyManagementCosts
|
$4.93M | USD | 1 Quarter |
| Property taxes, insurance and other |
RealEstateTaxesAndInsurance
|
$7.13M | USD | 1 Quarter |
| Property taxes, insurance and other |
RealEstateTaxesAndInsurance
|
$11.56M | USD | 1 Quarter |
| Ground lease |
OperatingLeasesRentExpenseNet
|
$2.50M | USD | 1 Quarter |
| Ground lease |
OperatingLeasesRentExpenseNet
|
$872.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$5.55M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$2.52M | USD | 1 Quarter |
| Transaction and potential listing costs |
TransactionandPotentialListingCosts
|
$2.11M | USD | 1 Quarter |
| Transaction and potential listing costs |
TransactionandPotentialListingCosts
|
$1.22M | USD | 1 Quarter |
| Series B convertible preferred share expense |
ConvertiblePreferredStockConvertedToOtherSecurities
|
- | USD | 1 Quarter |
| Series B convertible preferred share expense |
ConvertiblePreferredStockConvertedToOtherSecurities
|
$117.13M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$30.72M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$19.56M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$174.06M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$227.67M | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$-90.55M | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$36.29M | USD | 1 Quarter |
| Interest and other expense, net |
InterestIncomeExpenseNet
|
$-3.52M | USD | 1 Quarter |
| Interest and other expense, net |
InterestIncomeExpenseNet
|
$-7.74M | USD | 1 Quarter |
| Gain on sale of real estate |
GainLossOnDispositionOfAssets1
|
- | USD | 1 Quarter |
| Gain on sale of real estate |
GainLossOnDispositionOfAssets1
|
$15.63M | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-94.07M | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$44.18M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$312.00K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$391.00K | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$43.87M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$-94.46M | USD | 1 Quarter |
| Unrealized gain (loss) on interest rate derivative |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$468.00K | USD | 1 Quarter |
| Unrealized gain (loss) on interest rate derivative |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$-274.00K | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$43.59M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$-93.99M | USD | 1 Quarter |
| Basic and diluted net income (loss) per common share (in Dollars per share) |
EarningsPerShareBasicAndDiluted
|
$-0.38 | USD | 1 Quarter |
| Basic and diluted net income (loss) per common share (in Dollars per share) |
EarningsPerShareBasicAndDiluted
|
$0.12 | USD | 1 Quarter |
| Weighted average common shares outstanding - basic and diluted (in Shares) |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
372.89M | shares | 1 Quarter |
| Weighted average common shares outstanding - basic and diluted (in Shares) |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
248.66M | shares | 1 Quarter |
Cash Flow Statement
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
NetIncomeLoss
|
$43.87M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$-94.46M | USD | 1 Quarter |
| Series B convertible preferred share expense |
ConvertiblePreferredStockConvertedToOtherSecurities
|
- | USD | 1 Quarter |
| Series B convertible preferred share expense |
ConvertiblePreferredStockConvertedToOtherSecurities
|
$117.13M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$30.72M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$19.56M | USD | 1 Quarter |
| Gain on sale of real estate |
GainLossOnSaleOfProperties
|
$15.63M | USD | 1 Quarter |
| Gain on sale of real estate |
GainLossOnSaleOfProperties
|
- | USD | 1 Quarter |
| Other non-cash expenses, net |
OtherNoncashIncomeExpense
|
$-223.00K | USD | 1 Quarter |
| Other non-cash expenses, net |
OtherNoncashIncomeExpense
|
$-2.52M | USD | 1 Quarter |
| Increase in due from third party managers, net |
IncreaseDecreaseInDueFromThirdPartyManagers
|
$12.88M | USD | 1 Quarter |
| Increase in due from third party managers, net |
IncreaseDecreaseInDueFromThirdPartyManagers
|
$16.46M | USD | 1 Quarter |
| Increase in other assets, net |
IncreaseDecreaseInOtherOperatingAssets
|
$2.23M | USD | 1 Quarter |
| Increase in other assets, net |
IncreaseDecreaseInOtherOperatingAssets
|
$1.19M | USD | 1 Quarter |
| Decrease in accounts payable and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-6.53M | USD | 1 Quarter |
| Decrease in accounts payable and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-5.52M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$36.26M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$22.87M | USD | 1 Quarter |
| Capital improvements and development costs |
PaymentsForCapitalImprovements
|
$11.79M | USD | 1 Quarter |
| Capital improvements and development costs |
PaymentsForCapitalImprovements
|
$18.81M | USD | 1 Quarter |
| Decrease in capital improvement reserves |
IncreaseDecreaseInRestrictedCash
|
$-186.00K | USD | 1 Quarter |
| Decrease in capital improvement reserves |
IncreaseDecreaseInRestrictedCash
|
$-3.84M | USD | 1 Quarter |
| Net proceeds from sale of real estate |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$201.85M | USD | 1 Quarter |
| Net proceeds from sale of real estate |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$2.13M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-9.47M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$186.88M | USD | 1 Quarter |
| Redemptions of shares |
PaymentsForRepurchaseOfEquity
|
$10.83M | USD | 1 Quarter |
| Redemptions of shares |
PaymentsForRepurchaseOfEquity
|
- | USD | 1 Quarter |
| Distributions paid to common shareholders |
PaymentsOfDividendsCommonStock
|
$45.87M | USD | 1 Quarter |
| Distributions paid to common shareholders |
PaymentsOfDividendsCommonStock
|
$63.42M | USD | 1 Quarter |
| Payments on extinguished credit facilities |
RepaymentsOfLinesOfCredit
|
$129.49M | USD | 1 Quarter |
| Payments on extinguished credit facilities |
RepaymentsOfLinesOfCredit
|
- | USD | 1 Quarter |
| Net proceeds from (payments on) existing credit facility |
ProceedsFromRepaymentsOfLinesOfCredit
|
$150.50M | USD | 1 Quarter |
| Net proceeds from (payments on) existing credit facility |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-91.60M | USD | 1 Quarter |
| Proceeds from mortgage debt |
ProceedsFromIssuanceOfDebt
|
$10.00M | USD | 1 Quarter |
| Proceeds from mortgage debt |
ProceedsFromIssuanceOfDebt
|
- | USD | 1 Quarter |
| Payments of mortgage debt |
RepaymentsOfDebt
|
$19.90M | USD | 1 Quarter |
| Payments of mortgage debt |
RepaymentsOfDebt
|
$1.84M | USD | 1 Quarter |
| Financing costs |
PaymentsOfFinancingCosts
|
$493.00K | USD | 1 Quarter |
| Financing costs |
PaymentsOfFinancingCosts
|
$4.81M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-176.24M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-31.50M | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$46.91M | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-18.10M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$46.91M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$18.10M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$46.91M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$18.10M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Interest paid |
InterestPaid
|
$4.28M | USD | 1 Quarter |
| Interest paid |
InterestPaid
|
$8.06M | USD | 1 Quarter |
| Merger transactions purchase price, net |
StockIssuedDuringPeriodValueAcquisitions
|
$1.81B | USD | 1 Quarter |
| Merger transactions purchase price, net |
StockIssuedDuringPeriodValueAcquisitions
|
- | USD | 1 Quarter |
| Conversion of Series B convertible preferred shares to common shares |
ConversionOfStockAmountConverted1
|
- | USD | 1 Quarter |
| Conversion of Series B convertible preferred shares to common shares |
ConversionOfStockAmountConverted1
|
$117.13M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.