Apple Hospitality REIT, Inc. (APLE)

Real Estate Investment Trusts

Latest Price

$15.44

TTM P/E

20.86

Normalized P/E

21.21

Div Yield

6.22%

Book Value

13.30

P/B Ratio

1.16

Valuation metrics

EPS: $0.74

Book value / share: $13.36

Formula: √(22.5 × EPS × BVPS)

Graham Number

$14.92

3% downside

Norm. op. income: $234M (median of 7yr)

Tax rate: 5%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$2.93

81% downside

EPS: $0.74

Target P/E: 21×

Formula: EPS × P/E

P/E Fair Value

$15.54

+1% upside

88.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	39.73M	$667.0M	16.83%	-193.4K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	22.77M	$382.0M	9.65%	+710.2K	2026-06-30
STATE STREET CORP	12.69M	$214.0M	5.38%	-82.6K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	9.62M	$161.0M	4.07%	+1.6K	2026-06-30
FULLER & THALER ASSET MANAGEMENT, INC.	8.30M	$139.0M	3.51%	+890.9K	2026-06-30
GOLDMAN SACHS GROUP INC	7.80M	$131.0M	3.31%	+2.65M	2026-06-30
CITADEL ADVISORS LLC	7.46M	$125.0M	3.16%	+1.20M	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	6.50M	$109.0M	2.75%	+276.6K	2026-06-30
Sixth Street Partners Management Company, L.P.	5.01M	$84.0M	2.12%	--	2026-06-30
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	5.01M	$84.0M	2.12%	+100.2K	2026-06-30