Apple Hospitality REIT, Inc. announced its results for the first quarter ending March 31, 2025. The company reported a net income of $31.221 million, a decrease of 42.2% from the $54.050 million recorded in the same period the previous year. Earnings per share for the quarter were $0.13, down from $0.22 the previous year, reflecting a 40.9% decline. Operating income also saw a reduction, falling 29% to $50.859 million from $71.615 million in the first quarter of 2024. The company's operating margin decreased by 620 basis points, moving from 21.7% to 15.5%. Despite these declines, demand remained steady across Apple Hospitality's portfolio, maintaining strength in occupancy and rate, as noted by CEO Justin Knight.
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