10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001185185-16-004411 |
| Period End Date | 20160331 |
| Filing Date | 20160505 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | aple-20160331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Investment in real estate accumulated depreciation (in Dollars) |
RealEstateInvestmentPropertyAccumulatedDepreciation
|
$423.06M | USD | Point-in-time |
| Investment in real estate accumulated depreciation (in Dollars) |
RealEstateInvestmentPropertyAccumulatedDepreciation
|
$456.27M | USD | Point-in-time |
| Investment in real estate, net of accumulated depreciation of $456,266 and $423,057, respectively |
RealEstateInvestmentPropertyNet
|
$3.64B | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
30.00M | shares | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
30.00M | shares | Point-in-time |
| Investment in real estate, net of accumulated depreciation of $456,266 and $423,057, respectively |
RealEstateInvestmentPropertyNet
|
$3.63B | USD | Point-in-time |
| Preferred stock, shares issued |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Preferred stock, shares issued |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Restricted cash-furniture, fixtures and other escrows |
RestrictedCashAndCashEquivalents
|
$22.65M | USD | Point-in-time |
| Restricted cash-furniture, fixtures and other escrows |
RestrictedCashAndCashEquivalents
|
$20.81M | USD | Point-in-time |
| Preferred stock, shares outstanding |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Due from third party managers, net |
DueFromManagers
|
$43.03M | USD | Point-in-time |
| Due from third party managers, net |
DueFromManagers
|
$24.74M | USD | Point-in-time |
| Preferred stock, shares outstanding |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
800.00M | shares | Point-in-time |
| Other assets, net |
OtherAssets
|
$33.61M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$31.95M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
800.00M | shares | Point-in-time |
| Total Assets |
Assets
|
$3.72B | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
174.67M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
174.37M | shares | Point-in-time |
| Total Assets |
Assets
|
$3.72B | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
174.37M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
174.67M | shares | Point-in-time |
| Revolving credit facility |
LineOfCredit
|
$171.90M | USD | Point-in-time |
| Revolving credit facility |
LineOfCredit
|
$114.80M | USD | Point-in-time |
| Term loans |
UnsecuredDebt
|
$421.65M | USD | Point-in-time |
| Term loans |
UnsecuredDebt
|
$421.44M | USD | Point-in-time |
| Mortgage debt |
SecuredDebt
|
$461.86M | USD | Point-in-time |
| Mortgage debt |
SecuredDebt
|
$427.50M | USD | Point-in-time |
| Accounts payable and other liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$77.61M | USD | Point-in-time |
| Accounts payable and other liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$73.43M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$1.09B | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$1.08B | 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 174,665,236 and 174,368,340 shares, respectively |
CommonStockValue
|
$3.51B | USD | Point-in-time |
| Common stock, no par value, authorized 800,000,000 shares; issued and outstanding 174,665,236 and 174,368,340 shares, respectively |
CommonStockValue
|
$3.50B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-2.06M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-8.75M | USD | Point-in-time |
| Distributions greater than net income |
AccumulatedDistributionsInExcessOfNetIncome
|
$851.47M | USD | Point-in-time |
| Distributions greater than net income |
AccumulatedDistributionsInExcessOfNetIncome
|
$869.16M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$2.65B | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$2.63B | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$3.72B | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$3.72B | USD | Point-in-time |
Income Statement
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Room |
OccupancyRevenue
|
$206.15M | USD | 1 Quarter |
| Room |
OccupancyRevenue
|
$192.01M | USD | 1 Quarter |
| Other |
OtherHotelOperatingRevenue
|
$18.34M | USD | 1 Quarter |
| Other |
OtherHotelOperatingRevenue
|
$18.34M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$210.35M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$224.49M | USD | 1 Quarter |
| Operating |
DirectCostsOfHotels
|
$54.60M | USD | 1 Quarter |
| Operating |
DirectCostsOfHotels
|
$56.83M | USD | 1 Quarter |
| Hotel administrative |
CostOfOtherPropertyOperatingExpense
|
$18.20M | USD | 1 Quarter |
| Hotel administrative |
CostOfOtherPropertyOperatingExpense
|
$17.16M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$18.02M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$17.10M | USD | 1 Quarter |
| Utilities |
UtilitiesCosts
|
$8.16M | USD | 1 Quarter |
| Utilities |
UtilitiesCosts
|
$7.60M | USD | 1 Quarter |
| Repair and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$9.17M | USD | 1 Quarter |
| Repair and maintenance |
CostOfPropertyRepairsAndMaintenance
|
$9.08M | USD | 1 Quarter |
| Franchise fees |
DirectOperatingCostRoyaltyExpense
|
$9.45M | USD | 1 Quarter |
| Franchise fees |
DirectOperatingCostRoyaltyExpense
|
$8.82M | USD | 1 Quarter |
| Management fees |
OwnedPropertyManagementCosts
|
$7.50M | USD | 1 Quarter |
| Management fees |
OwnedPropertyManagementCosts
|
$8.04M | USD | 1 Quarter |
| Property taxes, insurance and other |
RealEstateTaxesAndInsurance
|
$12.45M | USD | 1 Quarter |
| Property taxes, insurance and other |
RealEstateTaxesAndInsurance
|
$11.56M | USD | 1 Quarter |
| Ground lease |
OperatingLeasesRentExpenseNet
|
$2.47M | USD | 1 Quarter |
| Ground lease |
OperatingLeasesRentExpenseNet
|
$2.50M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$4.83M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$5.55M | USD | 1 Quarter |
| Transaction costs |
TransactionCosts
|
$1.22M | USD | 1 Quarter |
| Transaction costs |
TransactionCosts
|
$293.00K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$30.72M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$33.48M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$180.74M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$174.06M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$36.29M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$43.75M | USD | 1 Quarter |
| Interest and other expense, net |
InterestIncomeExpenseNet
|
$-7.74M | USD | 1 Quarter |
| Interest and other expense, net |
InterestIncomeExpenseNet
|
$-8.80M | USD | 1 Quarter |
| Gain on sale of real estate |
GainLossOnDispositionOfAssets1
|
$15.63M | USD | 1 Quarter |
| Gain on sale of real estate |
GainLossOnDispositionOfAssets1
|
- | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$34.95M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$44.18M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$263.00K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$312.00K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$34.69M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$43.87M | USD | 1 Quarter |
| Unrealized loss on interest rate derivatives |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$-274.00K | USD | 1 Quarter |
| Unrealized loss on interest rate derivatives |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$-6.69M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$43.59M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$27.99M | USD | 1 Quarter |
| Basic and diluted net income per common share (in Dollars per share) |
EarningsPerShareBasicAndDiluted
|
$0.20 | USD | 1 Quarter |
| Basic and diluted net income per common share (in Dollars per share) |
EarningsPerShareBasicAndDiluted
|
$0.24 | USD | 1 Quarter |
| Weighted average common shares outstanding - basic and diluted (in Shares) |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
174.67M | shares | 1 Quarter |
| Weighted average common shares outstanding - basic and diluted (in Shares) |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
186.45M | shares | 1 Quarter |
Cash Flow Statement
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$34.69M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$43.87M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$30.72M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$33.48M | 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
|
$-1.57M | USD | 1 Quarter |
| Other non-cash expenses, net |
OtherNoncashIncomeExpense
|
$-2.52M | USD | 1 Quarter |
| Increase in due from third party managers, net |
IncreaseDecreaseInDueFromThirdPartyManagers
|
$16.46M | USD | 1 Quarter |
| Increase in due from third party managers, net |
IncreaseDecreaseInDueFromThirdPartyManagers
|
$18.28M | USD | 1 Quarter |
| Decrease (increase) in other assets, net |
IncreaseDecreaseInOtherOperatingAssets
|
$-1.12M | USD | 1 Quarter |
| Decrease (increase) in other assets, net |
IncreaseDecreaseInOtherOperatingAssets
|
$2.23M | USD | 1 Quarter |
| Decrease in accounts payable and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-1.78M | USD | 1 Quarter |
| Decrease in accounts payable and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-6.53M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$50.80M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$36.26M | USD | 1 Quarter |
| Deposits and other disbursements for potential acquisitions |
PaymentsForDepositsOnRealEstateAcquisitions
|
$139.00K | USD | 1 Quarter |
| Deposits and other disbursements for potential acquisitions |
PaymentsForDepositsOnRealEstateAcquisitions
|
- | USD | 1 Quarter |
| Capital improvements and development costs |
PaymentsForCapitalImprovements
|
$22.33M | USD | 1 Quarter |
| Capital improvements and development costs |
PaymentsForCapitalImprovements
|
$18.81M | USD | 1 Quarter |
| Decrease in capital improvement reserves |
IncreaseDecreaseInRestrictedCash
|
$-1.59M | USD | 1 Quarter |
| Decrease in capital improvement reserves |
IncreaseDecreaseInRestrictedCash
|
$-3.84M | USD | 1 Quarter |
| Net proceeds from sale of real estate |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
- | USD | 1 Quarter |
| Net proceeds from sale of real estate |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$201.85M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-20.88M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$186.88M | USD | 1 Quarter |
| Repurchases of common shares under share repurchase programs |
PaymentsForRepurchaseOfCommonStock
|
$10.83M | USD | 1 Quarter |
| Repurchases of common shares under share repurchase programs |
PaymentsForRepurchaseOfCommonStock
|
$361.00K | USD | 1 Quarter |
| Repurchases of common shares to satisfy employee withholding requirements |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
- | USD | 1 Quarter |
| Repurchases of common shares to satisfy employee withholding requirements |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$459.00K | USD | 1 Quarter |
| Distributions paid to common shareholders |
PaymentsOfDividendsCommonStock
|
$63.42M | USD | 1 Quarter |
| Distributions paid to common shareholders |
PaymentsOfDividendsCommonStock
|
$52.36M | USD | 1 Quarter |
| Net proceeds from (payments on) credit facility |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-91.60M | USD | 1 Quarter |
| Net proceeds from (payments on) credit facility |
ProceedsFromRepaymentsOfLinesOfCredit
|
$57.10M | 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
|
$33.84M | USD | 1 Quarter |
| Financing costs |
PaymentsOfFinancingCosts
|
$493.00K | USD | 1 Quarter |
| Financing costs |
PaymentsOfFinancingCosts
|
- | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-176.24M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-29.92M | USD | 1 Quarter |
| Increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
- | USD | 1 Quarter |
| Increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$46.91M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash and cash equivalents, beginning 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
|
- | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$46.91M | USD | Point-in-time |
| Interest paid |
InterestPaid
|
$8.06M | USD | 1 Quarter |
| Interest paid |
InterestPaid
|
$9.80M | USD | 1 Quarter |
| Accrued distribution to common shareholders |
DividendsPayableCurrentAndNoncurrent
|
$17.45M | USD | Point-in-time |
| Accrued distribution to common shareholders |
DividendsPayableCurrentAndNoncurrent
|
- | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.