What is Apple Hospitality REIT, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Apple Hospitality REIT, Inc.'s reported free cash flow gives $32.91 per share. The share price was $16.19 on September 25, 2026, 51% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $17.53 | +8% |
| Base | 15.0% | 9.0% | $32.91 | +103% |
| Bull | 20.0% | 8.0% | $61.54 | +280% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $44.55 | $48.18 | $52.62 | $58.16 | $65.29 |
| 8.0% | $35.81 | $38.16 | $40.94 | $44.28 | $48.36 |
| 9.0% | $29.44 | $31.05 | $32.91 | $35.08 | $37.64 |
| 10.0% | $24.62 | $25.76 | $27.06 | $28.54 | $30.25 |
| 11.0% | $20.84 | $21.68 | $22.62 | $23.68 | $24.87 |
Where the presets come from
Base: years 1 to 5 grow at Apple Hospitality REIT, Inc.'s revenue growth rate over the last 5 fiscal years (18.6% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions